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Chilwa Minerals Ltd ( (AU:CHW) ) just unveiled an announcement.
Chilwa Minerals Limited has announced significant assay results from its sonic drilling program at the Mpyupyu Dune deposit in Malawi, highlighting high-grade mineral sands intersections. The results reinforce the potential of the Mpyupyu Dunes, part of a larger deposit with an inferred mineral resource estimate of 19.9 million tonnes at 4.2% total heavy minerals (THM). The company’s strategic partnership with Light Deep Earth in South Africa is enhancing assay turnaround times, facilitating timely updates to mineral resource estimates. This development is expected to impact Chilwa’s operations positively by accelerating resource upgrades and potentially increasing stakeholder interest.
More about Chilwa Minerals Ltd
Chilwa Minerals Limited is a company operating in the mineral sands industry, focusing on heavy mineral sands deposits. The company is engaged in the exploration and development of mineral resources, primarily in southern Malawi, as part of the Chilwa Critical Minerals Project.
Average Trading Volume: 36,230
Technical Sentiment Signal: Strong Buy
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