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7 stories mentioning ASX:CHWUpdated 4h ago

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Asia

Chilwa Minerals Says Reconnaissance Drilling at Malawi Heavy Mineral Sands Discovery Intersects a Mineralized, Free-Dig Saprolite Unit

Chilwa Minerals (ASX:CHW) said phase I reconnaissance sonic drilling at its Mpyupyu West heavy mineral sands discovery in Malawi intersected a mineralized, free-dig saprolite unit from the surface, according to a Thursday Australian bourse filing.A total of 60 holes for 551 meters were completed, representing 22% of the planned 268-hole phase I program.Resource-definition drilling at Bimbi Main is 62% complete, with 166 holes for 1,843 meters drilled to date. The sonic drilling rig from the site has been moved to the new target at Mpyupyu West.

ASX:CHW
Asia

Chilwa Minerals Files Registration Statement for Proposed US Offering, Nasdaq Listing

Chilwa Minerals (ASX:CHW) filed a Form F-1 registration statement with the US Securities and Exchange Commission for a proposed listing and public offering of American depositary shares (ADS), according to a Friday disclosure on the Australian bourse.Each ADS will represent 10 ordinary shares in Chilwa, and the company plans to list them on the Nasdaq Capital Market to complement its existing ASX listing.The terms of the offering, which is subject to regulatory review and final Chilwa board approval, have not yet been determined.A potential Nasdaq listing will provide more financial flexibility to support the development of the company's critical minerals project in Malawi, it said.

ASX:CHW
Asia

Chilwa Confirms Rare Earth Element Mineralization Beneath Malawi Heavy Mineral Sands Deposit, Shares Jump 14%

Chilwa Minerals (ASX:CHW) said that assays from mineral sands drilling samples confirmed hosted in clay-hosted rare earth elements directly below its Mposa heavy mineral sands deposit in Malawi, according to a Friday Australian bourse filing.Assays from over 200 samples returned total rare earth oxide (TREO) grades averaging 525 parts-per-million (ppm). 114 of 200 samples returned greater than 500 ppm of TREO grades, and 17 samples were over 750 ppm of TREO grades, with a peak grade of 987 ppm TREO.The in-situ basket carries magnet rare earths, with magnet rare earth oxides, neodymium, praseodymium, dysprosium, and terbium averaging around 21% of TREO and heavy rare earth oxides around 19.6% of TREO.Its shares jumped 14% in recent trading on Friday.

ASX:CHW
Asia

Chilwa Minerals Confirms Niobium Mineralization at Malawi License, Shares Fall 8%

Chilwa Minerals (ASX:CHW) said portable X-ray fluorescence results for a drill hole at its Lake Chilwa license in Malawi indicated niobium mineralization increases from 240 meters downhole, with the alkaline syenite reporting 0.165% grade of niobium pentoxide over 16.5 meters from 240 meters downhole to the end of the hole at 401.5 meters, according to a Friday Australian bourse filing.It encountered 0.228% grade of niobium pentoxide over 22 meters from 349.5 meters downhole.It noted that the X-ray fluorescence values are indicative only and are from pressed pulverized powder pulp following sample preparation at its in-house sample prep facility in Malawi.Its shares fell 8% in recent trading on Friday.

ASX:CHW
Asia

Chilwa Minerals Identifies New Heavy Mineral Sands Target in Malawi

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.

ASX:CHW
Asia

Lindian Resources Commissions Chilwa Minerals' Malawi Sample Preparation Laboratory

Lindian Resources (ASX:LIN) commissioned Chilwa Minerals (ASX:CHW) to prepare drill samples from grade control drilling programs at the Kangankunde project for export and assaying at the latter's laboratory in Malawi, according to a Thursday filing with the Australian bourse.Income from the arrangement is not material to Chilwa Minerals, the filing said.

ASX:CHWASX:LIN
Asia

Chilwa Minerals Confirms 'Substantial' Niobium Mineralization at Malawi License

Chilwa Minerals (ASX:CHW) confirmed "substantial" niobium mineralization over an entire drillhole from its Lake Chilwa license in Malawi, with an average of 0.17% niobium pentoxide over 385 meters from surface, according to a Tuesday filing with the Australian bourse.Portable X-ray fluorescence results showed that higher-grade niobium zones, notably 0.24% niobium pentoxide over 60 meters, are situated within specific rock types that are traced between drillholes, the filing said.Further results will be available in the near term, alongside additional results from the remaining nine drill holes at the Nakombe target, per the filing.Shares fell 1% in midday trade on Tuesday.

ASX:CHW

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