Chilwa Minerals Ltd (AU:CHW) has released an update.
Chilwa Minerals Ltd has announced promising preliminary results from its Mposa deposit, revealing significant rare earth elements (REEs) alongside mineral sands, with several high-grade intersections reported. The discovery highlights the potential for a dual commodity opportunity, although further detailed analysis is needed to fully assess the REE distribution and concentration. Management is optimistic about the project’s prospects and has committed to an expanded assay program to further explore the REE potential in the region.
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