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Home»Business & Economy»Litchfield prepares to drill into heart of multi-commodity NT project
Business & Economy

Litchfield prepares to drill into heart of multi-commodity NT project

info@thewitness.com.auBy info@thewitness.com.auSeptember 16, 2025No Comments2 Mins Read
Litchfield prepares to drill into heart of multi-commodity NT project
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Next in the drill line-up are the VT1 and VT2 targets – the most pronounced anomalies that emerged from a recent VTEM campaign outlining potentially sulphide-laden horizons.

The remaining holes will test a clutch of additional high-priority targets with intriguing VTEM anomalies sited in favourable geological settings with evidence of surface mineralisation and alteration.

Pustahya said the upcoming drilling will be a capital-efficient, high-conviction program designed to answer the big questions quickly. It has the potential to elevate Oonagalabi into a world-class base metals discovery.

Running in parallel, Litchfield has lit up its Lucy Creek 2 project with rock chip assays grading up to 35 per cent manganese, with a clutch of elevated barium, silver, cobalt, lead and zinc results – pointing to a large hydrothermal system.

Backed by funding courtesy of the Northern Territory government and a recent capital raise, the company plans on flying high-resolution airborne magnetics and radiometrics before a first-pass RC drilling program slated for early next year, positioning Lucy Creek as a key growth pillar alongside Oonagalabi.

Litchfield recently raised $500,000, with a further $1 million set to tip into the till through a security purchase plan any day. With money in the bank and a disciplined “fail fast or succeed quickly” approach, the company is positioning Oonagalabi as a potential Tier-1 copper-zinc-gold discovery in one of Australia’s most prospective base metal belts.

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

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