Chilwa Minerals (ASX:CHW) Mineralogy Study Results

Chilwa Minerals Limited (ASX:CHW) has released the findings of a mineralogy study conducted at the Chilwa Project in southeast Malawi. The study, which analyzed 46 samples within the Mposa deposit, revealed the presence of titanium oxide minerals including ilmenite, rutile, anatase, pseudo rutile, as well as zircon, monazite, and garnet within the concentrate from Heavy Mineral Sands (HMS) horizons at the Chilwa Project.

Chilwa Minerals Managing Director, Cadell Buss, on Mineralogy Study Results

Every piece of information that we gather at the Chilwa Project highlights the potential for the project to be significantly more valuable than previously thought. We went into this program with the aim of building on and replicating the historical results. Instead, we have found that the old results have materially underreported the quality of the mineralization. Mposa is the first prospect that we have drilled, with upside potential in both tonnage and grade remaining across the other mineral resource deposits and the 52 new targets defined by the recent geophysics study.

Summary of Chilwa Minerals' Mineralogy Study Results

Chilwa Minerals' mineralogy study at the Chilwa Project has revealed the presence of titanium oxide minerals, including ilmenite, rutile, anatase, and pseudo rutile, along with zircon, monazite, and garnet within the concentrate from Heavy Mineral Sands (HMS) horizons. The recognition of this mineral assemblage comprising ilmenite, zircon, and rutile has the potential to enhance the economics of the Chilwa Project. The current sonic drill program has significantly improved sample recoveries and THM grades, indicating the project's substantial value. Chilwa Minerals' Managing Director, Cadell Buss, expressed optimism about the project's potential, highlighting the upside in both tonnage and grade across various mineral resource deposits and new targets defined by recent geophysics study.