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Chilwa Minerals Ltd ( (AU:CHW) ) has issued an announcement.
Chilwa Minerals Limited reported significant progress in its quarterly activities, with successful drilling at the Mposa and Mpyupyu targets confirming elevated rare earth element values and the presence of a carbonatite system. The company also completed a metallurgical study, achieving high recovery rates for ilmenite, zircon, garnet, and monazite, which supports a robust processing flowsheet. Additionally, Chilwa raised A$4.1 million through equity funding and renewed exploration licenses, positioning itself for further development and stakeholder engagement.
More about Chilwa Minerals Ltd
Chilwa Minerals Limited operates in the mining industry, focusing on the exploration and development of rare earth elements and heavy mineral sands. The company is engaged in drilling and metallurgical studies to enhance its resource base, with a market focus on producing valuable mineral products such as ilmenite, zircon, garnet, and monazite.
Average Trading Volume: 47,620
Technical Sentiment Signal: Buy
Current Market Cap: A$99.24M
For an in-depth examination of CHW stock, go to TipRanks’ Overview page.