Chilwa Minerals Ltd · ASX:CHW
Chilwa Minerals — Indaba (February 2024)
11 slides from Chilwa Minerals's conference presentation, Feb 7, 2024
Slide 1: Growing a major mineral sands project in Malawi
For personal use only Growing a major mineral sands project in Malawi ASX:CHW FEBRUARY 2024 chilwaminerals.com.au
Slide 2: Disclaimer
DISCLAIMER For personal use only These p res entation materials and any accomp anying v erb al present ation (togeth er, the Present ation M at eri als) hav e been prepared by in, arising out of or derived fro m, or for o missions from, this document including, without li mit ation, any fin ancial i
Slide 3: Strategic Location
STRATEGIC LOCATION For personal use only ˃ Malawi is a landlocked country in Southeastern Africa with a population of ~19.4M. ˃ The country is a democratic, multi-party republic whose economy is largely reliant upon agriculture. ˃ Malawi is an underexplored country and an emerging mining destination
Slide 4: Existing Inferred Mineral Resource
EXISTING INFERRED MINERAL RESOURCE Drilling underway at this deposit. For personal use only Mposa Mposa (Main) has an existing Inferred Mineral Resource of 19.4Mt at 4.3% THM Liwonde for 0.83Mt THM (1% cut-off)¹ Nacala rail Bimbi Consists of Bimbi & Northeast Bimbi Halala Includes prospects Halala,
Slide 5: Mposa Drilling Underway
MPOSA DRILLING UNDERWAY For personal use only ˃Sonic drilling underway ˃+90% recoveries compared to previous aircore drilling (<70%) ˃Higher recoveries = higher MRE confidence level ASX:CHW chilwaminerals.com.au chi l waminerals.com.au 5
Slide 6: Mposa Cross Section
MPOSA CROSS SECTION Typical cross section - Mposa For personal use only Loose, coarse sand Loose, silty sand ˃ Previously logged ~10-12m mineral sands ~6.2m Medium sandy silt Medium silty clay ˃ Current program 12m+ ˃ 30-40m of clay below, Dense clay anomalous for rare earths ~30-40m Bedrock ASX:CHW
Slide 7: Development Opportunity
For personal use only DEVELOPMENT OPPORTUNITY ˃ Four key prospects: ˃ Mposa ˃ Bimbi ˃ Mpyupyu ˃ Namasalima ˃ Drill to upgrade MRE to Measured & Indicated categories ˃ Metallurgical testwork ˃ Update Scoping Study and potentially commence focused PFS 77 ASX:CHW chilwaminerals.com.au chi l waminerals.
Slide 8: Mota Engil Group
For personal use only MOTA ENGIL GROUP OFFICES Service Agreement executed that DRILL RIG CREW covers drill rigs, offices, camp, vehicles, shed and personnel ‘at cost’ VEHICLES This scalable and flexible agreement provides significant strategic benefits to Chilwa in Malawi SONIC DRILL RIG SAMPLE STOR
Slide 9: Proposed Liwonde Dry Port
PROPOSED LIWONDE DRY PORT For personal use only Bulk commodity storage example ASX:CHW chilwaminerals.com.au chi l waminerals.com.au 5 February 2024 9
Slide 10: Key Takeaways
KEY TAKEAWAYS For personal use only Inferred Mineral Well In country Drilling Underway Quality Infrastructure Emerging Jurisdiction Resource Capitalised Experience • JORC 2012 Inferred • Maiden sonic drill • Access to rail and port • Stable regime with • A$5.5 million cash as • Major shareholder Min
Slide 11: Appendix A – Mineral Resource Estimate
APPENDIX A – MINERAL RESOURCE ESTIMATE A Mineral Resource Estimate for the Chilwa mineral sands project has been classified and reported in accordance with the JORC Code (2012). The Mineral Resource Estimate has been classified as Inferred, at a 1.0 % THM cut-off is estimated to contain 2.4 Mt of TH