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Litchfield Minerals Limited (ASX:LMS)

ALERT: Price-sensitive ASX Announcement for LMS
Current share price for LMS : $0.205 -0.01 (-4.65%)+
Announcement
Release
30 Jun 2026 9:03AM
Price at Release
$0.215
Full Release
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Summary
Litchfield Minerals Limited announced the commencement of three ground geophysical surveys aimed at testing their exploration framework in the Northern Territory, Australia. These surveys include a combined magnetotelluric (MT) and gravity survey at the Oonagalabi Project, and an induced polarisation (IP) survey at the Silver Valley Project. The surveys, beginning in July 2026, are the first field-based tests of a belt-scale mineral systems framework developed through the BHP Xplor program. The objective is to validate geological models, reduce uncertainty, and refine exploration targets for future drilling. The MT and gravity survey at Oonagalabi aims to better define a conductivity anomaly at 2.5km depth, while the IP survey at Silver Valley targets extensions of high-grade mineralisation. These efforts are supported by the Northern Territory Geological Survey with co-funding and are expected to yield results by the end of Q3 2026, guiding the next phase of exploration.
Key Points
  • First field-based testing of Litchfield's exploration framework begins in July 2026.
  • Combined MT and gravity survey to test a 2.5km-deep anomaly at Oonagalabi.
  • IP survey to commence at Silver Valley targeting mineralisation extensions.
  • Surveys supported by Northern Territory Geological Survey co-funding.
  • Results expected by end of Q3 2026 to guide future exploration and drilling.
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.