InvestSMART

Litchfield Minerals Limited (ASX:LMS)

ALERT: Price-sensitive ASX Announcement for LMS
Current share price for LMS : $0.200 0.015 (8.11%)+
Announcement
Release
29 Jul 2026 5:53PM
Price at Release
$0.185
Full Release
download
Summary
The Quarterly Activities Report for Litchfield Minerals Limited outlines the progress made during the June 2026 quarter across their exploration portfolio in Northern Territory, Australia. The company completed Phase 3 drilling at Oonagalabi, confirming continued copper-zinc mineralization and advancing the geological understanding of the area. Despite operational challenges, Litchfield spent $1.116 million on exploration activities, primarily at Oonagalabi. The report notes a new district-scale copper-nickel mineral system framework for the Harts Range corridor. Financially, the company ended the quarter with $4.6 million in cash, though there was a net decrease in cash from operating activities. High-grade mineralization results were also reported from Silver Valley.
Key Points
  • Litchfield Minerals Limited completed Phase 3 drilling program at Oonagalabi.
  • The company reported continued copper-zinc mineralization at the Main Zone.
  • Significant exploration activities were conducted with $1.116 million spent during the quarter.
  • No mine production or development activities were reported for the quarter.
  • The company reported a net cash decrease in operating activities but had $4.6 million in cash at the end of the period.
  • High-grade silver-lead-copper results were reported from Silver Valley.
  • Regional MT and gravity surveys are planned across the Harts Range corridor.
  • A new mineral systems framework for the Harts Range corridor was established, indicating a district-scale copper-nickel mineral system.
  • The June quarter faced operational challenges such as weather disruptions and access constraints.
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.