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Chilwa Minerals Ltd ( (AU:CHW) ) has shared an announcement.
Chilwa Minerals Limited has announced the receipt of assay results from its maiden diamond drill hole within the Chilwa Carbonatite System, revealing elevated total rare earth oxide values. The company has identified monazite as a rare earth element-bearing mineral in the Mposa geophysics anomaly, with initial drilling completed and further sampling ongoing. These developments are part of a broader exploration effort targeting 47 geophysical anomalies, which could significantly enhance Chilwa’s understanding of mineral sands and rare earth element targets, potentially impacting its market positioning and stakeholder interests.
More about Chilwa Minerals Ltd
Chilwa Minerals Limited operates in the mining industry, focusing on the exploration and development of rare earth elements. The company is engaged in identifying and analyzing geophysical anomalies that indicate potential mineralization, particularly within carbonatite systems.
Average Trading Volume: 29,252
Technical Sentiment Signal: Buy
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