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Chilwa Minerals Ltd ( (AU:CHW) ) has shared an update.
Chilwa Minerals Limited has announced an upgraded Mineral Resource Estimate (MRE) for its Mposa deposit in Southern Malawi, increasing the total measured and indicated resources to 25.65 million tonnes, with 83% now classified as measured. This upgrade reflects high-density sonic drilling and improved geological confidence, with significant quantities of monazite, leucoxene, and garnet identified within the mineral assemblage. The updated resource estimate enhances the company’s ability to evaluate rare earth element by-product economics and strengthens its position in the critical minerals industry. A scoping study is underway, expected to complete in Q1 2026, which will further assess the economic potential of these resources.
More about Chilwa Minerals Ltd
Chilwa Minerals Limited is a company operating in the critical minerals industry, focusing on mineral sands deposits. Their primary products include heavy mineral concentrates and rare earth elements, with a market focus on industrial minerals such as ilmenite, rutile, and zircon. The company is engaged in the exploration and development of mineral resources in Southern Malawi, particularly around Lake Chilwa.
Average Trading Volume: 56,803
Technical Sentiment Signal: Buy
Current Market Cap: A$96.07M
See more data about CHW stock on TipRanks’ Stock Analysis page.