Litchfield Minerals Unveils High-Impact Targets and Secures Funding for Drilling
Litchfield Minerals has identified multiple high-priority conductor targets at its Oonagalabi Project and confirmed significant manganese mineralisation at Lucy Creek, backed by strong funding to advance drilling.
- Large-scale VTEM survey reveals 14 high-priority conductors at Oonagalabi
- Surface copper mineralisation confirmed above key conductors
- High-grade manganese assays up to 35% at Lucy Creek with hydrothermal signatures
- Successful $500,000 placement and oversubscribed Security Purchase Plan
- Planned RC drilling campaign to test multiple targets starting October 2025
Exploration Momentum Builds at Oonagalabi
Litchfield Minerals has made significant strides in its September 2025 quarter activities, highlighted by a comprehensive VTEM™ Max geophysical survey across its flagship Oonagalabi Project in the Northern Territory. This large-scale airborne survey, complemented by high-resolution magnetics and gravity infill, has delineated five major conductor clusters and 14 priority targets aligned with favourable geological structures. These findings considerably sharpen the focus for upcoming drilling campaigns.
Ground truthing efforts have further de-risked exploration by identifying gossanous copper outcrops directly above a priority conductor within the VT1/VT2 corridor. This surface mineralisation confirmation not only validates the geophysical targets but also facilitates logistical preparations for the imminent reverse circulation (RC) drilling program, scheduled to commence in early October.
Lucy Creek Emerges as a Strategic Secondary Asset
Beyond copper and zinc, Litchfield is advancing its Lucy Creek Project, where recent assays have revealed manganese concentrations reaching 35%, accompanied by barite and base-metal pathfinder elements. These geochemical signatures suggest a hydrothermal manganese system rather than superficial enrichment, opening new avenues for critical mineral exploration. The company plans to undertake detailed structural mapping, infill sampling, and targeted geophysics to define drill-ready targets in the coming quarter.
Robust Funding Underpins Exploration Plans
Corporate developments have been equally encouraging. Litchfield successfully completed a $500,000 placement in August, followed by an oversubscribed Security Purchase Plan (SPP) and shortfall placement in September. Director and management participation, totaling approximately $105,000, underscores internal confidence in the company’s strategy. These capital injections have fortified the balance sheet, ensuring full funding for the planned drilling program and operational activities.
The company reported a cash position of $1.6 million at quarter-end, with disciplined expenditure focused on exploration activities. Additionally, Litchfield is leveraging Northern Territory government grants to enhance capital efficiency and extend geological data coverage, further supporting its exploration ambitions.
Looking Ahead – Drilling and Market Engagement
The upcoming RC drilling campaign at Oonagalabi represents a pivotal phase. Testing the 14 high-priority conductors could materially transform the company’s prospects if sulphide mineralisation is intersected. Post-drilling, the deployment of down-hole electromagnetics and structural modelling will aim to refine and expand the target footprint.
Simultaneously, Litchfield plans to intensify investor engagement, highlighting its differentiated exploration approach and the favourable commodity cycle dynamics for copper, zinc, and manganese. Sustainability and stakeholder engagement remain priorities to ensure smooth field operations and maintain social licence.
Risks and Mitigations
While the outlook is positive, Litchfield acknowledges inherent risks including the possibility that drilling may not intersect commercial-grade mineralisation, funding needs beyond current capital, permitting or access delays, and commodity price volatility. The company’s strategy to mitigate these risks includes refined targeting, proven capital-raising mechanisms, pre-arranged access agreements, and a diversified commodity portfolio.
Bottom Line?
As Litchfield Minerals prepares to drill its most promising targets yet, the market will be watching closely for results that could redefine its exploration trajectory.
Questions in the middle?
- Will the upcoming drilling at Oonagalabi confirm commercial-grade mineralisation?
- How will Litchfield prioritise and finance follow-up exploration at Lucy Creek?
- What impact will commodity price fluctuations have on the company’s exploration strategy?
