Skip to content
Finance Investment, Oil Mining Resources

Litchfield Minerals Eyes Uranium Assets Amid Surging Demand

Litchfield Minerals 2 mins read

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

Media

More from this category

  • Finance Investment
  • 23/07/2024
  • 18:26
EBC Financial Group

Revolutionising CFD Trading with DiNapoli’s Leading Indicators: EBC Financial Group Announces Strategic Partnership

BANGKOK, July 23, 2024 (GLOBE NEWSWIRE) -- EBC Financial Group (EBC) is pleased to announce the successful conclusion of its event, "Revolutionising CFD Trading with DiNapoli’s Leading Indicators." This event marked a significant milestone in the world of CFD trading, featuring a signing ceremony with renowned trader and author, Joe DiNapoli, and was attended by a distinguished audience of international and local media, KOLs, VIP clientele, industry specialists, and business leaders.The event highlighted the strategic partnership between EBC Financial Group and DiNapoli’s leading indicators, integrating DiNapoli’s renowned trading approach into the CFD trading realm. EBC, celebrated for its rapid order…

  • Oil Mining Resources
  • 23/07/2024
  • 11:08
Solis Minerals

Extensive Drone Mag Survey planned at Guaneros Project, Peru

Solis Minerals Limited (ASX: SLM) (“Solis” or the “Company”) is pleased to announce anupdate on exploration activities at the Guaneros Project in Peru. Solishas contracted a geophysical contractor to carry out a maiden drone airborne magnetometry survey to assist in fast-tracking target generation, identify zones for further geophysical follow-up, and formulate the drill permitting application. Airbornemagnetometry is useful in detectingthe presence of magnetite in the subsurface that can be a vector for porphyry alteration.Executive Director, Matthew Boyes, commented: “We are starting to gain some realmomentum now in the exploration programmes on our quality copper portfolio in Peru.Airborne mag surveys are…

  • Contains:
  • Business Company News, Oil Mining Resources
  • 23/07/2024
  • 10:23
Jane Morgan Management

Zenith (ASX:ZNC) Minerals Limited Appoints Andrew Smith as New Managing Director

Perth, Australia – 23 July 2024 | Zenith Minerals Limited (ASX: ZNC) (“Zenith” or “the Company”) is pleased to announce the appointment of highly…

  • Contains:

Media Outreach made fast, easy, simple.

Feature your press release on Medianet's News Hub every time you distribute with Medianet. Pay per release or save with a subscription.