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The latest update is out from Litchfield Minerals Ltd. ( (AU:LMS) ).
Litchfield Minerals will commence a 5,523-line-kilometre high-resolution airborne magnetic and radiometric survey over its Lucy Creek manganese project in the southern Georgina Basin, Northern Territory, to improve geological understanding and refine exploration targets. The campaign aims to map stratigraphy, regolith architecture and alteration signatures associated with manganese-bearing systems across a tenement package that already hosts multiple large manganese occurrences and historical rock-chip grades of up to 54.2% Mn, positioning Lucy Creek as analogous to the Bootu Creek manganese field and underscoring its potential to host large, high-grade sedimentary and hydrothermal manganese deposits that could enhance the company’s growth prospects and shareholder value.
More about Litchfield Minerals Ltd.
Litchfield Minerals Limited is an Australian mineral exploration company focused on discovering and advancing manganese and other mineral deposits, with a particular emphasis on underexplored sedimentary basins such as the Georgina Basin in the Northern Territory. Its Lucy Creek Project spans about 1,600km² of prospective manganese-bearing stratigraphy within this largely unmetamorphosed intracratonic basin, which is known to host extensive high-grade manganese mineralisation as well as base metal anomalies and rare earth element enrichment.
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Technical Sentiment Signal: Strong Buy
For an in-depth examination of LMS stock, go to TipRanks’ Overview page.