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The latest update is out from Litchfield Minerals Ltd. ( (AU:LMS) ).
Litchfield Minerals has completed an 11-hole reverse circulation and three-hole diamond drilling program at its Oonagalabi project in the Northern Territory, targeting electromagnetic conductors, induced polarisation anomalies and extensions of the main mineralised zone, with assay results due in May 2026. The company also reported standout high-grade rock chip assays from its Silver Valley project, confirming polymetallic mineralisation with particularly strong silver and lead grades, which supports the potential for a large-scale, structurally controlled system extending at depth and under shallow cover.
These exploration results and completed drilling advance Litchfield’s understanding of its Northern Territory assets and underscore the exploration upside within its portfolio. The combination of extensive quartz reef development, visible sulphides and historical high-grade production at Silver Valley positions the company to potentially grow its resource base if follow-up drilling validates the scale indicated by the latest surface assays.
More about Litchfield Minerals Ltd.
Litchfield Minerals Ltd. is an Australian exploration company focused on base and precious metals, including silver, lead, copper and gold, in the Northern Territory. The company targets polymetallic systems through reverse circulation and diamond drilling, as well as surface sampling across projects such as Oonagalabi and Silver Valley.
Average Trading Volume: 324,775
Technical Sentiment Signal: Buy
See more data about LMS stock on TipRanks’ Stock Analysis page.