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An update from Chilwa Minerals Ltd ( (AU:CHW) ) is now available.
Chilwa Minerals Limited has announced significant assay results from its Bimbi Deposit, part of the Chilwa Critical Minerals Project in southern Malawi. The results, derived from sonic drilling, will be included in a new Mineral Resource Estimate set for release by the end of June 2025. The Bimbi deposit, located on the western shore of Lake Chilwa, has shown promising Total Heavy Mineral (THM) grades, which are expected to enhance the company’s resource confidence and support future feasibility studies. This development marks an important step in Chilwa’s exploration strategy, potentially strengthening its position in the mineral sands industry.
More about Chilwa Minerals Ltd
Chilwa Minerals Limited is a company operating in the mining industry, focusing on heavy mineral sands exploration. It is engaged in the Chilwa Critical Minerals Project in southern Malawi, where it explores and develops mineral deposits such as the Bimbi, Mposa, and Mpyupyu deposits.
Average Trading Volume: 40,393
Technical Sentiment Signal: Buy
See more data about CHW stock on TipRanks’ Stock Analysis page.