Chilwa Minerals Ltd ( (AU:CHW) ) has issued an update.
Chilwa Minerals Limited has announced promising new assay results from its sonic drilling program at the Mposa deposit, part of the Chilwa Critical Minerals Project in Malawi. The results indicate higher recoveries and grades compared to previous estimates, boosting confidence in the mineral resource estimate. The company is also progressing well with drilling at the Mpyupyu deposit, with initial results expected soon, and aims to update the mineral resource estimate by the end of the financial year.
More about Chilwa Minerals Ltd
Chilwa Minerals Limited is a company operating in the mineral exploration industry, focusing on heavy mineral sands (HMS). The company is involved in the Chilwa Critical Minerals Project in southern Malawi, which includes multiple HMS deposits such as Mposa and Mpyupyu.
YTD Price Performance: 3.33%
Average Trading Volume: 30,400
Technical Sentiment Consensus Rating: Strong Sell
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