Litchfield Minerals Unveils Major Discovery at Oonagalabi Project

The latest announcement is out from Litchfield Minerals Ltd. ( (AU:LMS) ).

Litchfield Minerals Limited has announced a significant discovery at its Oonagalabi Project in the Northern Territory, identifying two large, high-intensity sulphide-bearing targets extending over 1km in strike and 500m in depth. The company’s recent Induced Polarisation survey has revealed a potentially high-grade core within these targets, which remain untested by historical drilling. This discovery, along with a new structural interpretation suggesting a possible intrusive source nearby, enhances the exploration potential of the site. Additionally, Litchfield has secured a drill-for-equity partnership with Bullion Drilling to advance the project while preserving cash, and its Environmental Mining Licence has been approved for public exhibition, marking a significant step forward in the project’s development.

More about Litchfield Minerals Ltd.

Litchfield Minerals Limited (ASX: LMS) operates in the mining industry, focusing on mineral exploration and development. The company is engaged in identifying and developing mineral resources, with a particular emphasis on sulphide systems.

YTD Price Performance: -5.00%

Average Trading Volume: 80,704

Technical Sentiment Consensus Rating: Strong Buy

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