Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Litchfield Minerals Ltd. ( (AU:LMS) ) has shared an update.
Litchfield Minerals Ltd. has reported promising initial results from its exploration activities at the Oonagalabi tenement in the Northern Territory. The company identified up to 44.9% heavy minerals in creek beds, with garnet being visually dominant. This discovery, along with historical findings at nearby Paradise Well, highlights the potential for significant HMS and rare earth element deposits in the region. The results have generated early-stage external interest and could lead to new extraction opportunities and income streams for the company.
More about Litchfield Minerals Ltd.
Litchfield Minerals Ltd. operates in the mining industry, focusing on the exploration and potential extraction of heavy mineral sands (HMS) and rare earth elements. The company is engaged in identifying and developing mineral resources, primarily in the Northern Territory of Australia.
Average Trading Volume: 195,974
Technical Sentiment Signal: Strong Sell
Learn more about LMS stock on TipRanks’ Stock Analysis page.