Australia's Litchfield Minerals rises on strong precious metals find onshore

Litchfield Minerals

03/06/2025 03:49

** Shares of diversified miner Litchfield Minerals Ltd LMS.AX rise 8.7% to A$0.125, their highest level since May 20

** LMS says it has found a larger gold and silver mineralisation system at its Oonagalabi project in Northern Australia than it previously expected

** Co says strong assay results point to multiple potential other mineral finds

** LMS jumps as much as 17.4% to A$0.135 earlier in the session, hitting its highest since April 22

** Around 663,905 shares changed hands, more than 5.7x its 30 day avg of around 117,065 shares

** Stock gains 25% YTD, including the session's moves

 (Reporting by Shruti Agarwal in Bengaluru)

 ((Shruti.Agarwal@thomsonreuters.com;))