Litchfield Minerals has confirmed a significantly larger mineralised footprint at its Oonagalabi Project, delivering strong copper and zinc drilling results while securing $6 million to accelerate exploration.
- Expanded mineralised strike footprint at Oonagalabi Project
- Strong RC drilling intercepts including 91m @ 0.9% Cu & 1.3% Zn
- Completion of $6 million placement to fund exploration
- Advanced geophysical surveys refining drill targets
- Robust cash position of $6.1 million to support 2026 work program
Exploration Momentum Builds at Oonagalabi
Litchfield Minerals Limited (ASX – LMS) has delivered a compelling update for the December 2025 quarter, confirming that its Oonagalabi Project in the Northern Territory hosts a much larger copper-zinc mineralised system than previously understood. The company’s systematic exploration approach, combining mapping, drilling, and multiple geophysical techniques, has revealed continuous mineralisation extending across a broader strike length, linking key prospects such as Silverado and Bomb-Diggity.
Notably, reverse circulation (RC) drilling at the Oonagalabi Main Zone returned impressive intercepts, including a standout 91 metres grading 0.9% copper and 1.3% zinc, and a 90-metre intercept with 0.6% copper and 1.8% zinc. These results reinforce the presence of a large, continuous copper-zinc system hosted within altered stratigraphy, suggesting significant scale and continuity.
Geophysical Surveys Sharpen Targeting
Litchfield has also advanced its geophysical understanding of the project through Downhole Electromagnetic (DHEM) surveys, VTEM airborne targeting, Induced Polarisation (IP) surveys, and ground electromagnetic (EM) programs. These efforts have refined the geometry of conductive sulphide bodies at priority targets VT1 and VT2, with DHEM results indicating a structurally controlled, laterally extensive sulphide system potentially extending over 400 metres along strike and 120 metres in depth.
The first phase of IP surveying has further supported the interpretation of a mineralised anticline structure, extending chargeability anomalies northeastward and identifying new high-priority targets. Ground EM surveys are underway to enhance drill vector precision, aiming to convert geophysical anomalies into drill-ready targets in the near term.
Strong Financial Position to Accelerate Exploration
Backing these technical advances, Litchfield successfully completed a $6 million placement at $0.60 per share during the quarter, attracting strong institutional support. This capital injection bolsters the company’s balance sheet, which stood at $6.1 million cash at quarter-end, providing ample runway to accelerate drilling and geophysical programs in 2026.
Exploration expenditure during the quarter was focused primarily on the Oonagalabi Project, with $0.725 million spent on activities including drilling. The company’s disciplined capital management and targeted exploration strategy position it well to unlock further value from its Northern Territory base metals assets.
Looking Ahead
In the coming quarter, Litchfield plans to integrate recent drilling results to guide step-out drilling and strike extensions, continue refining VT2 targets with upgraded conductor models, complete ground EM surveys over VT1, and advance follow-up work on IP-generated targets along the VT2 to Bomb-Diggity corridor. These efforts aim to progressively tighten drill vectors and convert geophysical anomalies into tangible mineral resources.
While exploration results remain preliminary and conceptual, the combination of robust drilling intercepts, comprehensive geophysical data, and a strong funding position suggests Litchfield is well placed to define a significant copper-zinc system in a region increasingly recognised for its base metals potential.
Bottom Line?
Litchfield’s expanding footprint and solid funding set the stage for a pivotal 2026 exploration campaign at Oonagalabi.
Questions in the middle?
- Will upcoming drilling confirm the scale and grade continuity suggested by recent intercepts?
- How will refined geophysical models influence the prioritisation of new drill targets?
- What impact will the $6 million capital raise have on accelerating exploration timelines?