Litchfield Minerals, an innovative junior exploration Company focused on the Northern Territory, is excited to announce its upcoming listing on the Australian Securities Exchange (ASX). With a strategic emphasis on critical minerals, with their initial focus on uranium and copper exploration, Litchfield Minerals is poised to capitalise on the increasing global demand for uranium, driven by a forecasted supply shortfall and the growing push for clean energy solutions.
Litchfield Minerals boasts a prime portfolio of exploration projects, including significant drill ready copper assets and uranium holdings with an 8km long uranium, radiometric anomaly in the Mount Doreen tenement, located 350km from Alice Springs. This project is notably adjacent to the ASX-listed Energy Metals’ Bigryli uranium deposit, highlighting the area's rich uranium potential. The Company is drill ready and plans to drill their initial targets early at Mount Doreen. Litchfield plans on exploring the highly prospective Lucy Creek project later in the year, known for its potential in manganese, sedimentary base metals and rare earths.
The anticipation of a uranium market resurgence has energised interest in ASX-listed uranium stocks, with Litchfield Minerals strategically positioned to lead the exploration frontier in the Northern Territory.
As global energy markets pivot towards sustainable and reliable power sources, uranium stands out as the key component in the clean energy mix. Litchfield Minerals is at the forefront of this transition, ready to drill and advance its uranium assets in response to the increasing uranium sentiment.
The Company is seeking to raise $4.5 million to $5.5 million at 20¢ a share, which would give it a $6.6 million to $7.6 million market capitalisation upon listing and an enterprise valuation of $2 million.
About us:
Litchfield Minerals is a junior exploration company focused on discovering and developing mineral assets in the Northern Territory, Australia. With a keen eye on uranium, copper, manganese and rare earths, Litchfield Minerals is committed to contributing to the global clean energy transition and creating value for its stakeholders. www.litchfieldminerals.com.au
Contact details:
Jane Morgan
jm@janemorganmanagement.com.au