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Litchfield Minerals Limited (ASX:LMS)

ALERT: Price-sensitive ASX Announcement for LMS
Current share price for LMS : $0.190 -0.02 (-9.52%)+
Announcement
Release
10 Aug 2026 8:52AM
Price at Release
$0.210
Full Release
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Summary
Litchfield Minerals Limited conducted an IP survey at its Silver Valley Project, revealing elevated chargeability responses to the west, suggesting potential structural controls on mineralization. The company plans to redeploy resources to complete a revised IP program. High-grade silver, lead, and copper were identified in new rock chip samples, indicating promising mineralization. Deeper low-resistivity zones might represent geological structures. Further investigation and additional IP lines are planned to explore these findings. Concurrently, assay results from Oonagalabi drilling confirmed copper, zinc, and silver intersections.
Key Points
  • Initial IP survey at Silver Valley identified elevated chargeability responses west of known workings.
  • Litchfield Minerals Limited plans to redeploy field resources for a revised IP program.
  • High-grade silver, lead, and copper results were found in new rock chip samples.
  • Deeper low-resistivity zones may indicate geological structures.
  • The western anomalies suggest potential structural controls on mineralization.
  • Final assay results from Oonagalabi drilling reported copper, zinc, and silver intersections.
  • Further IP lines are needed to test the emerging western structural corridor.
  • Litchfield is integrating data for optimized follow-up explorations.
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.