We are a mineral exploration company looking to deliver growth and value for our
shareholders through achieving success from exploration and evaluation programs.
Our principal activities are mineral exploration activities at the Chilwa
Critical Minerals Project (the βProjectβ), which is located around the northern,
western and southern shores of Lake Chilwa in southern Malawi.
Malawi, a landlocked country in southeastern Africa famed for the warmth and
kindness of its people, is known as βThe Warm Heart of Africa.β It is bordered
by Zambia to the west, Tanzania to the north and northeast, and Mozambique to
the east, southeast and southwest. Malawi is an underexplored country and an
emerging mining destination with a stable regime, a supportive government and a
newly developed infrastructure network.
We hold, through our 100% owned subsidiaries Chilwa Minerals Africa Limited and
Phalombe Minerals Limited, three exploration licenses that grant us the
exclusive rights to carry out exploration for certain heavy mineral sands
(βHMSβ) and rare earth elements (βREEβ) over a total tenement area of 881.0136
km2. The project hosts a geologically coherent and district-scale mineral system
capable of supporting multiple styles of critical mineralisation, including:
● Heavy Mineral Sands (βHMSβ)
● Carbonatite-hosted REE
● Ionic Adsorption Clay Rare Earth Element potential
In 2025, we engaged Belenos Holdings (Pty) Ltd to prepare a technical report for
the Project, which includes mineral resource estimates, through which sectional
interpretation was done on all the northern deposits (Nkotamo, Halala, Beacon
and Namanja West) on the Project. According to the technical report, the Project
contains approximately 4.54 metric tons (βMtβ) of HMS with Total Heavy Mineral
(βTHMβ) content at 4.01%.
In addition, we have intersected high-grade REE in the clays below the mineral
sands, with many highly prospective carbonatite targets to be assessed,
including Chisi Island. Other targets that require ground truthing have been
identified in the southern extension area and Mpyupyu Area. The first batch of
REE analysis was undertaken in July 2024 as a pathfinder process to assess the
potential coexistence of REEs in the heavy mineral concentrates. The REEs that
were included in the analysis were Cerium (Ce2O3), Europium (Eu2O3), Gadolinium
(Gd2O3), Lanthanum (La2O3), Neodymium (Nd2O3), Praseodymium (Pr6O11), Samarium
(Sm2O3) and Ytterbium (Yb2O3). Diamond drilling in late 2024 has also yielded
positive results, confirming the presence of REE mineralization. Substantial
advancements in exploration and resource development in the REE sector have been
made, with over 47 geophysical features/anomalies identified. We believe that
the discovery of new exploration targets and the successful completion of
several exploration and drilling programs have significantly strengthened our
overall portfolio and positioned us well to continue to explore for REE,
essential for various high-tech applications.
We believe the Project can develop into a viable mineral sands project and that
we are exploring a Tier 1 mineralized system in southern Malawi.
Our legal name is Chilwa Minerals Limited. Chilwa was incorporated in Australia
in February 2022.
Our registered office is located at Level 28, 140 St Georgeβs Terrace, Perth,
Western Australia, Australia and our telephone number is +61 8 6189 4924. Our
website address is www.chilwaminerals.com.au.
