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Chilwa Minerals Ltd ( (AU:CHW) ) has issued an update.
Chilwa Minerals Limited has announced the successful verification of rare earth elements through its maiden diamond drill hole within the Chilwa Carbonatite System. The initial results from the Mposa geophysics anomaly reveal elevated total rare earth oxide (TREO) values, indicating significant REE potential in the area. The company has completed the initial drilling at Mposa and is moving to the Mpyupyu target for further exploration. These findings could enhance Chilwa’s understanding of the relationship between its mineral sands deposits and potential REE targets, potentially impacting its operations and market positioning in the REE sector.
More about Chilwa Minerals Ltd
Chilwa Minerals Limited operates in the mining industry, focusing on the exploration and development of rare earth elements (REE) and mineral sands. The company is actively engaged in identifying and evaluating geophysical anomalies for potential REE mineralization, particularly within the Lake Chilwa Basin in Western Australia.
Average Trading Volume: 39,473
Technical Sentiment Signal: Strong Buy
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