Australia's Chilwa Minerals up on doubling mineral resource at African project

Chilwa Minerals

19/06/2026 05:04

** Shares of Australia's Chilwa Minerals CHW.AX rise as much as 10.4% to A$0.850, hitting highest level since June 10
** Marks biggest pct gain since April 9
** Mineral sands and rare earths exploration co confirms high confidence in Mpyupyu high mineral sands deposit after positive drilling data
** Says Mpyupyu is now its largest heavy mineral sands deposit
** CHW adds mineral resources figures have more than doubled at Mpyupyu 
** Says Mpyupyu is now key deposit within the Chilwa Critical Minerals Project as the project moves closer to development
** Mpyupyu prospect is in southern Malawi, East Africa
** Stock down over 9.0% YTD

 (Reporting by Shravya Marakini in Bengaluru)
 ((shravya.marakini@thomsonreuters.com))