Highlights

  • A Topdrill rig is drilling at Oonagalabi, where the company plans roughly seven to 11 holes.
  • A new 384 square kilometre exploration licence covers the undrilled Sybil copper target, about 33.6 kilometres south-east of Oonagalabi.
  • Nineteen rock chips from Sybil and Illogwa went to Bureau Veritas on 21 September, and assays remain pending.
  • Litchfield closed the quarter with A$4.0 million in cash and estimated 6.7 quarters of funding.

One earlier hole at Oonagalabi cut 120 metres at 0.35 per cent copper and 0.92 per cent zinc. Now a rig is turning. Litchfield Minerals (ASX:LMS), a Northern Territory copper explorer, released its quarterly activities report and Appendix 5B on 28 October 2026 and confirmed that drilling began at Oonagalabi in October. Closing cash for the quarter ended 30 September was A$4.0 million.

Oonagalabi drilling

A Topdrill rig was secured and a dozer mobilised for pad preparation. The report describes a program of roughly 7 to 11 holes, with a September candidate plan totalling 1,820 metres.

The report restated the final Phase 3 result from hole OGDD003: 5.3 metres at 0.64 per cent copper, 0.67 per cent zinc and 2.2 grams per tonne silver from 49.5 metres. Earlier intercepts were 68.26 metres at 0.62 per cent copper, 1.44 per cent zinc and 4.3 g/t silver from 10 metres in OGDD002, and the 120 metre interval in OGRC029 from 52 metres, which also carried 4.1 g/t silver. All widths are downhole.

Planetary Geophysics completed a combined magnetotelluric and gravity survey, with up to A$100,000 of co-funding from the Northern Territory Geological Survey. No results were reported.

Harts Range

Exploration licence EL34245, about 384 square kilometres, was granted on 30 July 2026. It covers the undrilled Sybil copper target. A September reconnaissance visit visually identified chalcopyrite and malachite staining, and Mitre Geophysics modelled seven preliminary conductor plates, with the strongest observations at one labelled P4. At Illogwa Creek, geologists observed sulphide-bearing mafic rocks, including pyrite, chalcopyrite and possible pyrrhotite, along the Illogwa Creek Shear Zone.

Twelve rock chips from Sybil and seven from Illogwa are with Bureau Veritas. The mineral identifications are visual only, and no grades are implied. Follow-up ground electromagnetic surveys are being organised.

Silver Valley

An induced polarisation survey from 8 to 17 July covered three of five planned lines, totalling 5.1 line-kilometres, and did not define a discrete high-priority drill target. The survey was paused so the remaining lines could be reassessed. Rock chip results announced on 10 August included 470 g/t silver, 19.2 per cent copper and 23.2 per cent lead in sample SV2_06. Such samples are selective and not representative of grade or continuity.

Cash and corporate

Closing cash was made up of A$2.0 million in bank balances and A$2.0 million in call deposits, against opening cash of A$4.603 million. Operating cash outflow was A$347,000 and investing outflow A$255,000. Exploration expenditure was A$250,000, and director fees paid to related parties were A$88,000.

Corporate activity included a new website and investor hub launched on 7 July. The company reported no material activity at Lucy Creek. All tenements are held at 100 per cent, including Mount Doreen, Lucy Creek, Oonagalabi, Paradise Well and Silver Valley, with further Harts Range applications pending.

Next steps

Near-term milestones are the Oonagalabi drilling results, the pending Harts Range assays, ground electromagnetic surveys and the reassessment of Silver Valley. Exploration results do not amount to a Mineral Resource, and the report confirms no resource estimate for these projects.