Chilwa Minerals Unveils New Carbonatite Targets at Lake Chilwa Project

Project Overview

Chilwa Minerals Limited has conducted high resolution aeromagnetic and radiometric surveys over the entire Lake Chilwa Project. The interpretation of these surveys has revealed 47 potential carbonatite targets, which could be sources of rare earth elements (REE) and niobium mineralization. The targets cover an area of approximately 31 square kilometers, highlighting the prospectivity of the region.

Geophysical Interpretation

The geophysical interpretation was carried out by Geo Focus Ltd, Chilwa's geophysical consultants. The interpretation identified 46 targets that may represent carbonatites or alkaline intrusives, as well as one dyke. These targets are distributed across four main areas: the Southern Extension Area, Mpyupyu Area, Namasalima Area, and Mposa Area.

Detailed Area Analysis

Southern Extension Area: This is the largest subset area, with eight Thorium-rich intrusions and a high priority carbonatite target measuring 700 meters across. A concentric REE target with a diameter of approximately 1.5 kilometers has also been identified.

Mpyupyu Area: Located southwest of Chilwa Island, this area has several Thorium-rich anomalies and a large syenite hill with a diameter of 2 kilometers. These features will be ground-truthed with rock chip sampling.

Namasalima Area: Five isolated Thorium-rich anomalies have been identified in this area, representing medium priority targets for ground-truthing.

Mposa Area: This area is the current focus of the mineral sands drilling program. Two Thorium-rich anomalies have been identified near the existing mineral resource outline, and a large dyke feature will also be a priority target.

Next Steps

The next phase of the exploration program involves validating the REE anomalies through mapping and geochemical sampling, scheduled for the next 4-6 weeks. A diamond drill rig will be deployed once the primary targets are pinpointed.