Chilwa, Malawi begins development for critical minerals
Chilwa Minerals (ASX:CHW) has started formal discussions with the Government of Malawi to secure a Mining Development Agreement (MDA) for its critical minerals project located in the southern part of the country. This agreement is set to define important terms around the operation, ownership, and financial framework of the project.
As part of the agreement process, the company will enhance the classification of a portion of its mineral resources to the more reliable “measured and indicated” categories. This step is necessary for conducting detailed mine planning and optimisation studies.
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Throughout 2025, Chilwa intends to advance the MDA process while also updating its economic assessments to incorporate revised cost structures and newly gathered data on the project’s mineral composition. According to Managing Director Cadell Buss, securing the MDA is vital to ensure the regulatory stability and fiscal clarity that potential lenders require to evaluate funding options.
The company has also highlighted ongoing support from its major shareholder, Mota Engil, a firm with longstanding operations in Malawi. Chilwa has expressed its commitment to maintaining strong partnerships with both government institutions and local communities to ensure that the project delivers long-term benefits for Malawians.
Chilwa Minerals holds full ownership of mineral sands and rare earth elements within the Lake Chilwa region and is presenting its progress at the RIU Sydney Resources Round-up taking place from 6 to 8 May 2025.
