Litchfield Minerals Exploration Team Advances Northern Territory Drilling Programme

Litchfield Minerals (ASX: LMS) continues to advance its Northern Territory exploration strategy with key personnel appointments and active drilling operations across multiple targets at its flagship Oonagalabi Project. The Litchfield Minerals exploration team has demonstrated remarkable resilience, completing four drill holes and constructing six new drill pads whilst preparing for the next phase of RC drilling. Furthermore, despite weather-related operational challenges, the team has maintained steady progress across multiple fronts.

Strategic Appointment Bolsters Technical Expertise

The company has appointed Mr Matt McGloin as Senior Exploration Geologist, effective end of March 2026. McGloin brings exceptional credentials to the role with over 12 years of specialised experience in the Northern Territory's geological provinces.

Professional Background:

• 5+ years with Northern Territory Geological Survey (NTGS) focusing on Aileron and Irindina Provinces research programs
• ~7 years with IGO Limited leading exploration projects across Northern Territory
• Exploration Project Lead experience on frontier exploration programmes in Aileron-Irindina terranes
• Deep regional geological knowledge of Litchfield's operational areas

This appointment comes as Mr Russell Dow resigned from his role as Exploration Manager, effective 15 April, creating an opportunity for fresh technical leadership. Moreover, the addition of McGloin represents a significant strengthening of the Litchfield Minerals exploration team.

Management Commentary
"Matt is a highly experienced geologist with deep expertise across the Aileron and Irindina Provinces, and his knowledge of the regional geology will be extremely valuable as we continue to advance exploration across our projects." – Managing Director Matthew Pustahya

Drilling Progress Despite Weather Challenges

Current Drilling Completion Status

Sample Processing Update

Current Status by Target:

• Bomb-Diggity diamond hole: Logging, cutting, and sampling complete – samples dispatched for assay
• Main Zone magnetic hole: Fully processed – samples dispatched for assay
• Bomb-Diggity RC hole: Logged, sampling scheduled for weekend
• Main Zone gold hole: Completed yesterday, logging within 2 days

The company acknowledges slower news flow due to significant rainfall events causing station closures, road access issues, and operational delays. However, field work has continued progressing steadily as conditions improve. Consequently, the Litchfield Minerals exploration team has adapted its operational approach to maintain momentum.

Infrastructure Development Sets Stage for Phase 3

New Drill Pad Construction

The company has strategically constructed six new drill pads across three priority targets:

VT1 Target – 2 pads:

• Large, accessible pads eliminating need for specialised track-mounted rigs
• Removes key constraint that previously contributed to delays
• Positioned to test up to 3,000 Siemens electromagnetic conductors

Main Zone – 1 pad:

• Northern extension pad targeting 400-500m strike extension
• Beyond currently defined mineralised area

VT2 Target – 3 pads:

• Two pads testing separate induced polarisation (IP) anomalies coinciding with EM conductors
• One pad testing potential down-dip and strike extension of conductor

Phase 3 RC Drilling Programme Ready to Launch

Next Phase Drilling Plan

The company is securing a Schramm 450 RC rig for the upcoming 7-hole RC programme across three targets:

Expected Timeline: Drilling availability issues are anticipated to resolve by end of week, positioning for immediate programme commencement.

Understanding Electromagnetic Conductors in Mineral Exploration

What are EM Conductors?

Electromagnetic (EM) conductors are subsurface features that conduct electrical current more readily than surrounding rock. In mineral exploration, these often indicate the presence of sulphide minerals, which can host valuable metals like copper, nickel, or gold.

Why They Matter to Investors

• 3,000 Siemens conductors represent exceptionally strong anomalies
• Strong conductors often correlate with significant mineralisation
• Cost-effective targeting – reduces exploration risk by focusing drilling on highest-probability zones
• Scale indicator – larger conductor plates suggest potentially larger mineral systems

The VT1 conductors represent some of the most compelling geophysical features identified across Oonagalabi, making them high-priority drill targets.

Regional Operations and Weather Impact

Project Status Across Portfolio

Silver Valley (Murray Downs Station):

• Access temporarily restricted due to regional weather event
• 2-3 week delay expected before resumption

Mount Doreen:

• Received 500mm+ rainfall during recent weather system
• No exploration permitted until first week of April minimum

Operational Context:
Despite weather challenges affecting multiple Northern Territory projects, the Litchfield Minerals exploration team has maintained strong field activity levels, completing significant work across Oonagalabi, Silver Valley, and Lucy Creek. Additionally, the team's adaptability has proven crucial in navigating these challenging conditions.

Investment Thesis: Systematic Exploration Approach Delivering Results

Why This Update Matters

Technical Strengthening:

• McGloin's appointment brings rare regional expertise to a specialised geological terrain
• Deep NTGS research background provides academic rigour to exploration strategy
• IGO Limited experience brings major mining company standards and methodologies

Operational Momentum:

• 4 holes completed with samples in laboratory pipeline
• 6 new drill pads constructed – infrastructure investment demonstrating commitment
• Phase 3 programme ready – 7 holes targeting highest-priority geophysical anomalies

Strategic Positioning:

• Weather resilience – team maintaining progress despite regional challenges
• Methodical approach – systematic testing of multiple target types
• Infrastructure development ahead of drilling demonstrates planning excellence

Competitive Advantages

Why Should Investors Monitor Litchfield's Progress?

Compelling Tracking Reasons

Near-term Catalysts:

1. Assay results from completed holes – multiple batches pending
2. Phase 3 RC drilling – 7 holes testing priority targets
3. VT1 conductor testing – some of the strongest geophysical anomalies identified

Strategic Strengths:

• Rare geological expertise with McGloin's appointment
• Systematic exploration across multiple target types
• Weather-resilient operations maintaining progress despite regional challenges
• Infrastructure investment positioning for accelerated future programmes

Market Position:

• Ahead of exploration peers in Northern/Central Australia field season progress
• Quality over quantity approach to target selection
• Strong management commentary indicating confidence in geological potential

Key Takeaway:
The Litchfield Minerals exploration team has positioned itself as a methodical, well-resourced explorer in the Northern Territory's emerging mineral provinces. With exceptional regional geological expertise now on board, multiple high-quality targets ready for testing, and a strong sample pipeline approaching results, the company represents a compelling exploration opportunity. The upcoming assay results and Phase 3 drilling programme could provide significant catalysts for investor attention.

The combination of technical strengthening, operational progress, and systematic target development makes Litchfield a Northern Territory explorer worth monitoring closely as results emerge from its expanding drilling programme. Furthermore, the enhanced capabilities of the Litchfield Minerals exploration team position the company well for the challenges ahead in this demanding geological environment.

Could Litchfield's Systematic Northern Territory Approach Deliver Your Next Mining Discovery?

With exceptional regional geological expertise now on board, multiple high-priority electromagnetic conductors ready for testing, and a strong sample pipeline approaching results, Litchfield Minerals is positioning itself as a methodical, well-resourced explorer in the Northern Territory's emerging mineral provinces. The upcoming assay results from completed drilling and the imminent Phase 3 programme targeting some of the strongest geophysical anomalies identified could provide significant catalysts for investor attention. To explore how Litchfield's enhanced exploration capabilities and systematic target development approach might fit into your investment strategy, visit www.litchfieldminerals.com.au for comprehensive company and project information.