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Chilwa Minerals Limited (ASX: CHW) has received the final batch of heavy mineral sand assays from its sonic drilling program at the Mposa Deposit, part of the broader Chilwa Critical Minerals Project in southern Malawi. The final 107 sonic drill holes, totalling 897 meters, mark the completion of the Mposa fieldwork. The new assay results have shown significantly improved sample recoveries and higher THM grades compared to earlier air-core drilling, reinforcing confidence in an upgraded Mineral Resource Estimate (MRE) and enabling the Company to progress toward feasibility studies.
Mposa currently holds an Inferred MRE of 19.4Mt at 4.3% THM, and the improved data from sonic drilling will allow more accurate geological modelling. These latest results were also the first to be processed at Chilwa’s new sample preparation facility in Zalewa, which opened in December 2024. Meanwhile, exploration continues at other key deposits, with sonic rigs moving from Bimbi and Mpyupyu to the Halalla deposit on the Northern Shore. The Company is also progressing with its mining license application and Mining Development Agreement (MDA) following high-level meetings at the 2025 Malawi Mining Investment Forum.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
