Chilwa Minerals Ltd (AU:CHW) has released an update.
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Chilwa Minerals Ltd gears up for an ambitious diamond drilling program at the Mposa East anomaly in Malawi, targeting rare earth elements (REE) and Niobium within the clay and bedrock layers. With a vertical reach of 250 meters, the company expects to begin receiving assay results in 6-8 weeks. This initiative marks a significant step in Chilwa’s strategy to establish a multi-commodity project, with cost savings achieved by using a drilling rig from a major shareholder.
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