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Chilwa Minerals Ltd ( (AU:CHW) ) has shared an update.
Chilwa Minerals Ltd has announced significant progress in their exploration efforts at the Mpyupyu Deposit, part of the Chilwa Critical Minerals Project. The company reported promising assay results from their sonic drilling program, which aims to enhance resource confidence and improve mineral resource estimates. The drilling initiatives, guided by historical data and recent surveys, are expected to increase the overall grade and tonnage of the deposits. The company is also working on a scoping study, with results anticipated in early 2026, and plans to publish a new Mineral Resource Estimate for the Mposa deposit by the end of the year.
More about Chilwa Minerals Ltd
Chilwa Minerals Limited is a company operating in the mining industry, focusing on heavy mineral sands (HMS) deposits. Their primary projects are located at Lake Chilwa in Southern Malawi, where they explore and develop mineral resources, particularly targeting heavy minerals like monazite, which is a rare earth-bearing component.
Average Trading Volume: 50,137
Technical Sentiment Signal: Buy
Current Market Cap: A$94.93M
See more insights into CHW stock on TipRanks’ Stock Analysis page.