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Chilwa Minerals Ltd (ASX:CHW)
ALERT: Price-sensitive ASX Announcement for CHW
Current share price for CHW : $0.735 -0.07 (-8.70%)+
Announcement
Release
23 Jun 2026 8:13AM
Price at Release
$0.805
Full Release
Summary
Chilwa Minerals Ltd announced a significant expansion in their Mpyupyu West heavy mineral sands (HMS) discovery. The mineral resource estimate for Mpyupyu has been updated, indicating that the discovery area has more than tripled in size to over 17 km². The updated mineral resource estimate, classified according to the JORC Code (2012 Edition), reveals an increase in total heavy mineral (THM) content across various deposits. The classifications include Measured, Indicated, and Inferred resources, with a substantial emphasis on enhancing exploration and potential extensions through planned sonic drilling at Mpyupyu West. This expansion is part of Chilwa Minerals' strategic efforts to capitalize on the heavy mineral sands potential of the region.
Key Points
- Mpyupyu West HMS discovery more than triples in size to over 17 km².
- Mineral resource estimates updated according to the JORC Code (2012 Edition).
- Significant increase in total heavy mineral (THM) content across deposits.
- Classifications include Measured, Indicated, and Inferred resources.
- Strategic plans for further exploration and sonic drilling at Mpyupyu West.
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.
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