Litchfield Minerals is wrapping up earthworks at its multi-commodity Oonagalabi project in the Northern Territory and is preparing to roll in a reverse circulation (RC) drill rig late this month to probe a cluster of promising gravity, magnetic and VTEM anomalies.

Drill pads and tracks are near completion to facilitate a second-phase program of 14 RC drill holes, for a total of 3750 metres. Twelve holes are planned across a 4-kilometre strike in the Oonagalabi to VT2 corridor and two at the VT1 target. If mineralised, the company says these step-out holes could extend the Oonagalabi system to more than 10km.

The company’s share price moved up about 27 per cent today - to an intraday high of 14.5 cents per share this morning after opening at 11¢. About 652,000 shares traded hands against

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