FINWIRES · TerminalLIVE
FINWIRES

Chilwa Minerals Identifies New Heavy Mineral Sands Target in Malawi

By

Chilwa Minerals (ASX:CHW) said hand augering and panning of material from shallow pits supported by interpreted geophysics identified a new heavy mineral sands target at Mpyupyu West in Malawi, within two kilometers of its Nakombe niobium-rare earth element discovery, according to a Wednesday Australian bourse filing.

Mpyupyu West target covers an area of around five square kilometers. The exploration efforts also identified a potential extension to the identified resources at Bimbi and Bimbi Northeast.

After a break in drilling due to Malawi's rainy season, resource drilling restarted with two sonic drill rigs.

Related Articles

Asia

Anax Metals to Raise AU$6 Million via Share Placement; Shares Down 3%

Anax Metals (ASX:ANX) received firm commitments to raise about AU$6 million through the placement of 176.4 million new shares at AU$0.034 apiece, according to a Wednesday filing with the Australian bourse.Proceeds will be used for a high-impact exploration drilling program targeting near-mine and extensional opportunities at the company's Whim Creek project in Western Australia, the filing said.Shares fell 3% in morning trade on Wednesday.

$ASX:ANX
Asia

CSC Financial Unit Raises 1.4 Billion Yuan in Note Issue

CSC Financial (SHA:601066, HKG:6066) indirect subsidiary CSCIF Hong Kong issued 1.4 billion yuan in medium-term notes, with the proceeds to replenish overseas working capital.Subsidiary CSC International Financial provided a guarantee totaling 1.46 billion yuan, according to a Tuesday filing with the Shanghai bourse.Shares of the securities company were down 1% in recent trade.

$HKG:6066$SHA:601066
Asia

Sandon Capital Investments Declares Dividend for June

Sandon Capital Investments (ASX:SNC) declared a dividend of AU$0.0047 per share for the month of June, payable June 30 to shareholders on record as of June 12, according to a Wednesday filing with the Australian bourse.The company paid the same dividend for the previous month, an earlier filing showed.

$ASX:SNC