Litchfield Minerals (ASX:LMS) identified multiple conductive targets following the completion of a versatile time-domain electromagnetic survey at the Mt Doreen project in the Northern Territory, according to a Monday filing with the Australian Securities Exchange.
The survey gathered 2,254 line kilometers of data, defining five high-priority conductors, including four untested targets, with conductive responses typically linked to sulfide accumulation, the filing said.
The identification and modeling of anomalies will be completed following the receipt of a fully processed dataset within the next month.
Shares rose 20% in midday trade.
Price (AUD): $0.12, Change: $+0.02, Percent Change: +20.00%
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