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Chilwa Minerals Ltd ( (AU:CHW) ) has shared an update.
Chilwa Minerals Limited has completed soil sampling over 47 anomalies, confirming the presence of pathfinder elements for rare earth elements and niobium. This advancement in their exploration efforts increases confidence in the potential discovery of carbonatite-hosted REE systems within their licensed area in Southern Malawi. The results support the strategic scheduling of future drilling campaigns, aiming to achieve significant new discoveries critical for clean energy technologies. The project has progressed to a more advanced phase, with a focus on both Light and Heavy Rare Earths, allowing for a diversified exploration approach.
More about Chilwa Minerals Ltd
Chilwa Minerals Limited operates in the mining industry, focusing on the exploration and development of rare earth elements (REE) and niobium. The company is engaged in the Chilwa Critical Minerals Project, which targets both Heavy Mineral Sands and REE & Niobium potential, with a market focus on clean energy technologies and advanced manufacturing.
Average Trading Volume: 32,003
Technical Sentiment Signal: Buy
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