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Litchfield Minerals Limited (ASX:LMS)

ALERT: Price-sensitive ASX Announcement for LMS
Current share price for LMS : $0.260 -0.4 (-60.61%)+
Announcement
Release
28 Oct 2025 8:35AM
Price at Release
$0.660
Full Release
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Summary
Litchfield Minerals Limited (LMS) has released results confirming a large conductive body at the VT2 target of their Oonagalabi project in the Northern Territory, Australia. Downhole electromagnetic (DHEM) surveys and drilling at the OGRC011 site identified extensive sulphide mineralisation, validating the company's VTEM model. The VT2 conductor is estimated to have a depth of at least 120 meters and a strike length exceeding 400 meters, suggesting a substantial sulphide lens that thickens southeast. The area shows structural control, possibly due to folding or remobilisation of sulphides, aligning with the broader mineralised corridor. Future work will include further drilling and geophysical surveys to better define and test the conductor's core and potential mineralisation.
Key Points
  • LMS confirms large conductive body at VT2 target.
  • DHEM surveys validate VTEM model at OGRC011 site.
  • VT2 conductor has at least 120m depth and 400m strike length.
  • Potential structural control due to folding or remobilisation.
  • Future work includes drilling and geophysical surveys.
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.