Chilwa Minerals (ASX: CHW) is advancing the Lake Chilwa project in southern Malawi, a multi-commodity resource containing heavy mineral sands, rare earth elements and niobium. Trim Capital has initiated coverage with a valuation of A$1.53 per share based on an EV/resource multiple applied to a 113Mt resource, benchmarked against peer companies.
The project is in late-stage exploration, with mineral sands expected to be the initial focus and key milestones including feasibility studies ahead of a targeted decision to mine around 2028. A partnership with Mota-Engil, a 30% shareholder and project partner, supports execution through access to equipment, infrastructure and operational capability. Click on the video to see the full interview and click here to download the full report.
