Chilwa Minerals Ltd (AU:CHW) has released an update.
Chilwa Minerals Ltd has reported highly promising results from their latest sonic drilling at the Mposa deposit in Malawi, with substantial high-grade mineral sands assays exceeding previous estimates. The company is optimistic as the interim results suggest a significant improvement in the mineral resource estimate, with grades reaching up to 62.4% THM. These findings are part of a larger 17,000m drilling campaign aimed at upgrading the current inferred mineral resource classification.
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