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Home»Business & Economy»Litchfield lands 91m Northern Territory copper hit
Business & Economy

Litchfield lands 91m Northern Territory copper hit

info@thewitness.com.auBy info@thewitness.com.auNovember 17, 2025No Comments3 Mins Read
Litchfield lands 91m Northern Territory copper hit
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Litchfield lands 91m Northern Territory copper hit

The Oonagalabi Project is emerging as an exciting polymetallic, intrusive driven system with substantial lateral continuity and significant vertical extent which is needed for large scale systems. Litchfield views the Main Zone as the company’s money shot and continues to refine all drill targets using state of the art ground and aerial geophysical methods in the lead up to a significant diamond drill program slated for the first quarter of 2026.

RC drilling recommenced on Friday 14th November at the Oonagalabi project targeting an additional five to six holes. The program aims to refine some interpretation within the Main Zone. It will also test the Bomb Diggity prospect to the north and the nearby VT2 massive sulphide conductor.

Both drill tested coincident magnetic and gravity high anomalies within the VTEM conductivity cluster. In the upper 40m in one hole, disseminated chalcopyrite, pyrite and pyrrhotite was intersected in amphibolite with calc-silicate alteration, supporting the presence of a conductive sulphide halo within a fertile structural corridor. Down hole EM at VT2 identified a significant off hole conductor suggestive of a massive sulphide body and will be targeted in the forth coming follow up drill program.

Induced Polarisation (IP) is underway across VT2 and Bomb-Diggity and is scheduled to conclude on 20th November 2025. Data processing will run in parallel. The survey is designed to map resistivity and chargeability responses beneath surface to vector additional sulphide mineralisation and refine key structural controls.

Ground EM is scheduled to commence in late November, beginning at VT1 before progressing to VT2 and then into the Bomb-Diggity and surrounding cluster area. The program is designed to refine the geometry of conductive bodies across these positions and improve definition of sulphide targets within each corridor.

Another project showing promise for Litchfield is the Silver Valley prospect, also in the Northern Territory. Silver Valley boasts a cluster of historical lead-silver workings within the Murray Downs Dome, located in the southern Davenport Province. High-grade rock chips have returned values up to 20–25% lead, 11.9% copper and 554 g/t silver, with traces of gold and zinc. Despite extensive surface expressions, no modern drilling or systematic geophysics has ever been conducted at Silver Valley. Litchfield sees strong upside in exploring the broader dome structure for a larger concealed system using modern techniques.

Demand for copper continues to grow, however huge volumes of production have been disrupted at major mines around the world. A deadly mudslide at the second largest copper mine in West Papua sent copper prices soaring. Flooding at Ivanhoe Mines’ Kamoa-Kakula mine in the Democratic Republic of Congo and protests at Hudbay’s Constancia mine in Peru were among additional disruptions to global copper production. Many analysts are predicting over the next few years the copper market will fall into supply deficit, with not enough new projects being approved to meet demand.

Litchfield’s Oonagalabi Main Zone is littered with geological coincidences that, in time, may turn out to be prophetic. The company is clearly onto a sizeable system that has thrown up multiple geological indicators and with a 550 percent share price hike since September and a chart that resembles a hockey stick, clearly the market believes it too.

NOTE you must choose just one of the below to put at the footer of your article depending on which newspaper platform you are publishing on.

Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au

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