Folklore, Legend, Healing Properties of Malachite: Malachite is a stone of transformation and helps with change and spiritual evolution. It can clear and activate all chakras, as well as balance them. Malachite is a stone that bridges the energy of the heart and root chakras. It is particularly useful for balancing and clearing the heart chakra. As such, it helps balance pure love, romance, and one’s own well-being. Malachite is a stone of good fortune and prosperity/abundance, too.