Litchfield Minerals Raises AU$6 million to Advance Oonagalabi Exploration

Litchfield Minerals Limited (ASX: LMS) has completed a AU$6 million equity placement to key institutional and sophisticated investors at AU$0.60 per share. The funding, facilitated by Alpine Capital, will accelerate the company’s exploration of the Oonagalabi copper-zinc system in Australia’s Northern Territory. The capital enables advanced geophysics and targeted drilling to refine mineralised zones, with early results indicating strong potential across VT1 and VT2 conductors. Managing Director Matthew Pushatya stated that the placement reflects growing investor confidence and strengthens the company’s ability to test the system’s large-scale potential. Litchfield aims to systematically expand its exploration activities through data-driven drilling and geophysical analysis, positioning itself as a leading critical minerals explorer. The company remains committed to sustainable, technology-driven exploration practices while delivering long-term value to shareholders and contributing to the supply of essential base metals for the energy transition.

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