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Chilwa Minerals Ltd (ASX:CHW)

ALERT: Price-sensitive ASX Announcement for CHW
Current share price for CHW : $0.850 0.01 (1.19%)+
Announcement
Release
15 Jun 2026 9:07AM
Price at Release
$0.840
Full Release
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Summary
Chilwa Minerals Ltd has announced the results from diamond drill hole MPYDD007, confirming a multi-commodity critical-minerals system at Nakombe South in Southern Malawi. The discovery is significant for its niobium, rare earth elements, tantalum, and gallium content. The assays revealed a high-grade niobium intercept within an alkaline-syenite intrusion. The Nakombe South system has been highlighted by a maiden conceptual Exploration Target, estimating 34.1 to 51.2 million tonnes. This discovery, alongside existing infrastructure planned for the company's HMS project, enhances the potential development prospects of the region. Nakombe South and related targets remain under active exploration, with drilling phases aimed at expanding and solidifying the resource base.
Key Points
  • MPYDD007 assays confirm a multi-commodity critical-minerals system.
  • High-grade niobium intercepts within Nakombe South alkaline-syenite intrusion.
  • Maiden Exploration Target estimated at 34.1 to 51.2 million tonnes.
  • Tantalum and gallium identified as significant co-products.
  • Strategic location near existing infrastructure for potential development.
  • Ongoing exploration with three drilling rigs active on site.
  • Initial thorium and uranium levels suggest favorable processing characteristics.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.