Chilwa Minerals Ltd (AU:CHW) has released an update.
Chilwa Minerals Limited has reported promising preliminary results from its recent sonic drill program at the Mposa deposit, with significant assays of mineral sands and anomalous rare earth elements. The initial analysis, which focused on the heavy mineral concentrates, indicates the presence of notable rare earth oxides and niobium, though further tests are planned to fully explore the range of elements and their distribution. The findings underscore the potential dual value of the site, spurring further targeted exploration programs.
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