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Chilwa Minerals Ltd ( (AU:CHW) ) has provided an update.
Chilwa Minerals Limited announced successful metallurgical testwork results from its Mposa deposit, confirming the potential for multiple high-quality product streams. The testwork demonstrated a 95% recovery rate for ilmenite with low impurities, and successful production of zircon, garnet, and monazite concentrates. These results pave the way for developing a process flow sheet and advancing the project to the feasibility study stage, potentially enhancing the project’s economic viability and market positioning.
More about Chilwa Minerals Ltd
Chilwa Minerals Limited is a company operating in the mining industry, focusing on the extraction and processing of heavy mineral sands. Their primary products include ilmenite, zircon, garnet, and monazite, with a market focus on delivering high-quality mineral products for various industrial applications.
Average Trading Volume: 26,964
Technical Sentiment Signal: Strong Buy
For a thorough assessment of CHW stock, go to TipRanks’ Stock Analysis page.