Litchfield Minerals Limited (ASX:LMS) has announced significant initial drilling results from its Silver King Prospect in the West Arunta region of Northern Territory, Australia.

The company’s diamond drilling campaign has successfully confirmed the presence of intrusion-related base metal sulphide mineralisation, marking a promising start for further exploration efforts.

The standout results from exploration hole LMD001 include an intercept of 15 metres grading 0.23 per cent copper, 0.31 per cent zinc, 762 parts per million lead, 4.8 grams per tonne silver, and 0.02 grams per tonne gold from a depth of 20 metres.

This includes a higher-grade zone of 2.25 metres at 0.49 per cent copper, 0.35 per cent zinc, 0.14 per cent lead, 16.7 grams per tonne silver, and 0.08 grams per tonne gold from 20.75 metres.

Drill hole LMRD002 also reported notable intercepts, including 3.9 metres at 0.11 per cent copper, 0.28 per cent zinc, 363 parts per million lead, and 1.27 grams per tonne silver from 25.26 metres, as well as 2.1 metres at 3.78 per cent zinc, 0.93 per cent lead, 343 parts per million copper, 5.79 grams per tonne silver, and 0.01 grams per tonne gold from 66.2 metres.

Matthew Pustahya, Managing Director and CEO of Litchfield Minerals expressed excitement about the discovery, stating: “The widespread distribution of sulphides is an initial indication of a fertile system with additional holes designed to demonstrate the scale and potentially identify higher-grade mineralisation. The journey has only just begun.”

The company has completed a total of 1,769 metres of combined Diamond and Reverse Circulation drilling across the Silver King, Mount Irene, and Copper Flats prospects during this maiden campaign.

Assays from an additional 10 drill holes are pending and will be reported as they become available.

This discovery comes at a crucial time for the global copper market.

Copper is experiencing strong demand due to its essential role in the transition to green energy and electric vehicles.

Recent market analyses indicate a potential supply deficit in the coming years, driven by robust demand growth outpacing new supply sources.

Litchfield Minerals plans to expand its geological knowledge and database to cover the entire Mount Doreen tenement package.

The company aims to explore the underexplored areas of Mount Doreen, presenting substantial opportunities for the project and shareholders.

The West Arunta region is witnessing heightened exploration activity, and Litchfield Minerals is well-positioned to contribute to the discovery of valuable mineral resources in this promising area.