Chilwa Minerals Ltd (AU:CHW) has released an update.
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Chilwa Minerals Ltd has reported promising results from ongoing drilling at the Mposa site, with assays showing significantly higher mineral grades than previous estimates, potentially enhancing the site’s Mineral Resource Estimate. The company’s strong cash position at $4.1M supports continued exploration and operational improvements, including the purchase of a Separation Lab to expedite assay results. Additionally, Chilwa has engaged with local communities and government officials, reinforcing its commitment to the project’s future in Malawi.
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