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Chilwa Minerals Ltd (ASX:CHW)

ALERT: Price-sensitive ASX Announcement for CHW
Current share price for CHW : $0.820 0.05 (6.49%)+
Announcement
Release
19 Jun 2026 9:14AM
Price at Release
$0.770
Full Release
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Summary
Chilwa Minerals Ltd announced a significant upgrade to the Mpyupyu mineral resource, which more than doubled to 109.6 million tonnes, with 89% now classified as Measured and Indicated. This development represents a major milestone in the company's transition from exploration to potential development within the Chilwa Critical Minerals Project. The upgrade was achieved through dense sonic drilling and improved geological modeling, boosting confidence in the resource's quality and providing a solid foundation for future development planning. The Mpyupyu deposit is now positioned as the primary development target, although no mining decision has yet been made.
Key Points
  • Mpyupyu mineral resource doubled to 109.6 Mt.
  • 89% of the resource is now Measured and Indicated.
  • Upgrade achieved through dense sonic drilling and geological modeling.
  • Mpyupyu is the largest deposit in the Chilwa Critical Minerals Project.
  • No decision to mine has been made yet.
  • The upgrade provides confidence for future development planning.
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.