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Litchfield Minerals Limited (ASX:LMS)

ALERT: Price-sensitive ASX Announcement for LMS
Current share price for LMS : $0.180 -0.265 (-59.55%)+
Announcement
Release
3 Jun 2026 9:18AM
Price at Release
$0.445
Full Release
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Summary
Litchfield Minerals Limited conducted a successful drilling campaign at the Oonagalabi Project, encountering significant copper and zinc mineralisation zones. The project faced challenges such as weather disruptions and personnel changes, yet it enhanced the understanding of the region's complex geological structures. This effort has reinforced the potential of Oonagalabi being part of a larger mineral system with multiple mineralisation styles. Future exploration strategies will involve advanced geophysical surveys, including Magnetotelluric lines, to further assess the area's mineral potential. The company aims to refine its geological model and improve drill targeting for upcoming explorations.
Key Points
  • Completion of 11 RC holes and 3 diamond holes in the Oonagalabi Project.
  • Copper and zinc mineralisation zones identified in the Main Zone.
  • Drilling challenges included weather disruptions and personnel changes.
  • Integration of drilling, geophysics, and structural interpretations for future exploration.
  • The potential of Oonagalabi as part of a larger mineral system with multiple mineralisation styles.
  • Plans for Magnetotelluric surveys to investigate conductivity anomalies.
  • Future work includes 3D targeting models and various geophysical surveys.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.