Chilwa Minerals Advances Lake Chilwa Project

Chilwa Minerals Ltd (AU:CHW) has released an update.

Chilwa Minerals Limited has made significant strides in its Lake Chilwa Project in southern Malawi, reporting higher than expected mineral sands grades and identifying promising rare earth elements. The company’s strategic focus on advancing drilling and resource updates has contributed to a remarkable 50% increase in its share price, earning it the ‘IPO of the Year’ award for 2023. With new teams and facilities in place, Chilwa is poised for further growth as it seeks to capitalize on the project’s potential.

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