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Chilwa Minerals Ltd (ASX:CHW)

ALERT: Price-sensitive ASX Announcement for CHW
Current share price for CHW : $0.880 -0.32 (-26.67%)+
Announcement
Release
31 Oct 2025 8:12AM
Price at Release
$1.200
Full Release
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Summary
Chilwa Minerals Ltd released their Quarterly Activities and Appendix 5B Cash Flow Report for the quarter ending 30 September 2025. The report highlights significant progress in their exploration efforts in Malawi, particularly at the Mpyupyu and Mposa deposits. They completed a two-tranche private placement raising A$4.1 million, which will support exploration and development. The company continued drilling activities and mineralogical studies, focusing on both heavy mineral sands and rare earth elements. The heavy mineral sands project includes the production of ilmenite, rutile, zircon, and monazite, with a robust flow sheet being developed. Financially, the company reported a cash position of A$1.85 million at the end of the quarter and detailed exploration expenditure of A$2.254 million. Strategic infrastructure discussions are ongoing with Mota Engil for dry port capacity to enhance export logistics.
Key Points
  • Chilwa Minerals completed a private placement raising A$4.1 million.
  • Sonic drilling continued at Mpyupyu and Mposa deposits.
  • Mineral sands flow sheet developed for ilmenite, rutile, zircon, and monazite.
  • Cash position at quarter end was A$1.85 million.
  • Exploration expenses for the quarter were A$2.254 million.
  • Engagement with Mota Engil on logistics infrastructure in Malawi.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.