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Litchfield Minerals Limited (ASX:LMS)

ALERT: Price-sensitive ASX Announcement for LMS
Current share price for LMS : $0.155 -0.06 (-27.91%)+
Release
30 Sep 2026 8:22AM
Price at Release
$0.215
Full Release
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Summary
Litchfield Minerals Limited announced that September 2026 reconnaissance at its Harts Range Project in the Northern Territory strengthened exploration targets at Sybil and Illogwa Creek, with visually identified copper-bearing minerals including chalcopyrite and malachite at the Sybil P4 target and sulphide-bearing mafic rocks near Illogwa anomaly 26 supporting follow-up ground electromagnetic surveys. At Sybil, historical VTEM data reviewed and remodelled by Mitre Geophysics outlined several conductors, with P4 interpreted at about 400m by 200m, and fieldwork found disseminated sulphides in garnet-bearing amphibolite plus nearby malachite staining along a faulted contact, increasing confidence in the area as a priority copper target, though mineralisation extent, grade and continuity remain unconfirmed pending assays. At Illogwa Creek, mapped sulphide-bearing mafic rocks, alteration, moderate to strong magnetism, an untested EM conductor and an interpreted deep structural corridor linked to the Illogwa Creek Shear Zone were considered consistent with testing Litchfield’s orthomagmatic copper-nickel model, while recognising that mantle connectivity and sulphide origin are still interpretive. The company submitted 19 selective rock chip samples, plus a standard and a blank, for laboratory analysis and plans to integrate those results with mapping and refined EM modelling to define potential drill targets, with all current mineral identifications and abundance estimates described as preliminary visual observations only.
Key Points
  • Litchfield Minerals reported surface copper-bearing minerals and sulphide-bearing mafic rocks that strengthen exploration targets at the Harts Range Project.
  • At Sybil, visually identified chalcopyrite and nearby malachite staining were found around the priority P4 EM conductor target.
  • The Sybil P4 conductor is preliminarily modelled at approximately 400m long and 200m wide, making it a significant ground EM follow-up target.
  • Historical VTEM review identified seven modelled conductor plates at Sybil, highlighting multiple large geophysical targets.
  • At Illogwa Creek, sulphide-bearing mafic rocks were identified near historical anomaly 26 within the Illogwa Creek Shear Zone.
  • Illogwa combines an untested conductor, sulphide-bearing mafic rocks and an interpreted deep structural corridor relevant to Litchfield’s orthomagmatic copper-nickel model.
  • Litchfield noted that hydrothermal alteration and later overprinting remain possible alternative explanations at Illogwa.
  • Nineteen rock chip samples were sent to the laboratory with one standard and one blank, with assay results expected in about three to four weeks.
  • The company is organising follow-up ground EM surveys over the priority Sybil and Illogwa targets.
  • No drilling results were reported, and the company emphasised that visual observations do not confirm grade, continuity or economic significance.
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.