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Chilwa Minerals Ltd ( (AU:CHW) ) has shared an update.
Chilwa Minerals Limited announced a significant 85% increase in its Mineral Resource Estimate (MRE) to 110 million tonnes, grading 4.03% Total Heavy Mineral (THM), with 71% of these resources now in the Indicated category. This increase, driven by recent drilling and assay data, positions the company to advance its feasibility studies and potentially enhance its market positioning within the mineral sands industry. The updated MRE, which includes valuable minerals such as ilmenite, zircon, and rutile, reflects the company’s strategic efforts to improve resource confidence and expand its operational capabilities.
More about Chilwa Minerals Ltd
Chilwa Minerals Limited is a company operating in the mining industry, focusing on the extraction and development of Heavy Mineral Sands (HMS) deposits. The company is engaged in the Chilwa Critical Minerals Project located in southern Malawi, with a market focus on increasing mineral resources and enhancing feasibility studies for mining operations.
Average Trading Volume: 41,997
Technical Sentiment Signal: Buy
Learn more about CHW stock on TipRanks’ Stock Analysis page.