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Litchfield Minerals Limited (ASX:LMS)

ALERT: Price-sensitive ASX Announcement for LMS
Current share price for LMS : $0.230 0.03 (15%)+
Announcement
Release
20 Aug 2026 8:49AM
Price at Release
$0.200
Full Release
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Summary
Litchfield Minerals Limited has announced the granting of Exploration Licence EL34245, enabling the advancement of the Sybil copper target located in the Harts Range in central Australia. The target, identified through historical exploration, shows promise due to a significant electromagnetic (VTEM) response and surface rock-chip results with up to 0.9% copper. The absence of previous drilling necessitates further exploration, including geological mapping, validation and resampling of historical copper occurrences. The company's approach integrates multiple datasets such as electromagnetics, gravity, and structural information to refine exploration targets. The goal is to transition from desktop interpretation to field validation to determine the potential for drilling. This initiative is part of a broader strategy to reassess historical exploration across the Harts Range, aiming to unite various exploration efforts under a comprehensive geological framework.
Key Points
  • Exploration Licence EL34245 granted on 30 July 2026.
  • Sybil copper target identified with VTEM response and rock-chip results.
  • Field work planned to commence for geological mapping and surveying.
  • Integration of historical data to refine exploration targets.
  • Focus on belt-scale approach for geological assessment.
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.