Heavy Mineral Sands Mining News

Chilwa Minerals Limited
Chilwa Minerals Limited
CHW
Southern Malawi

CHW: Drilling Confirms 17 Square Kilometres at Mpyupyu West

Chilwa Minerals Limited has provided an update on Phase I resource drilling at its Mpyupyu West heavy mineral sands discovery, confirming the geological outline and consistent stratigraphy over a 17 km² area. While 218 holes have been completed, no assay results are reported, with initial heavy mineral content results expected in late October. The announcement also includes a restatement of the JORC 2012 Mineral Resource Estimate for other deposits, last updated in June 2026.

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Chilwa Minerals Limited
Chilwa Minerals Limited
CHW
Malawi

CHW: Financial Report For the Year Ended 30 June 2026

Chilwa Minerals Limited released its financial report for the year ended 30 June 2026, detailing significant progress at its Chilwa Critical Minerals Project in Malawi, including substantial upgrades to heavy mineral sands resources and a new niobium discovery. The company successfully raised over $12 million in capital and advanced its proposed US initial public offering and NASDAQ dual listing. Despite these operational and corporate achievements, the company reported a significant loss of $6.88 million and faces a material uncertainty regarding its going concern status, pending final NASDAQ approvals and future funding.

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Amigo Resources PLC
Amigo Resources PLC
AMGO
South Africa

Replacement - SPA for Kamiesberg Mineral Project

Amigo Resources PLC announced the acquisition of the Kamiesberg heavy mineral sands project in South Africa for USD 33 million, expanding its African footprint and diversifying its commodity base. The project boasts a significant JORC-compliant resource of 2.71 billion tonnes, including 0.48 billion tonnes in the Measured category, and is described as shovel-ready with advanced permitting. The acquisition is structured as a reverse takeover and is subject to shareholder and regulatory approvals, with completion targeted by January 2027.

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