Chilwa Minerals Ltd (AU:CHW) has released an update.
Chilwa Minerals Ltd reports a significant discovery with 52 new heavy mineral sands targets at Lake Chilwa, doubling the project’s target area to 40 km². High-resolution aeromagnetic and radiometric surveys show strong correlations with known mineralization, promising potential extensions to existing deposits. The company is updating its drilling plans to assess these new areas, which could substantially impact the project’s resource estimate.
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