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Litchfield Minerals Ltd. ( (AU:LMS) ) has issued an update.
Litchfield Minerals Limited has successfully completed its Shortfall Offer under the recent Share Purchase Plan, raising an additional $527,000 and bringing the total funds raised to approximately $1.5 million. The oversubscription and strong investor interest underscore confidence in Litchfield’s exploration programs, particularly the Oonagalabi Project. With these funds, the company is set to commence a drilling program in late September, aiming to test up to 14 holes across priority targets. This initiative is expected to enhance Litchfield’s positioning in the mineral exploration sector and provide significant insights into the potential of their flagship project.
More about Litchfield Minerals Ltd.
Litchfield Minerals Limited operates in the mineral exploration industry, focusing on identifying and developing mineral resources. The company is particularly engaged in exploration programs targeting mineralized systems with significant potential, such as the Oonagalabi Project.
Average Trading Volume: 56,768
Technical Sentiment Signal: Strong Sell
Find detailed analytics on LMS stock on TipRanks’ Stock Analysis page.