The late Palaeozoic continental-arc magmatic rocks in the Gongzhuling area are located in the Liaoyuan Accretionary Belt. Here we present new zircon U–Pb ages, whole-rock major- and trace-element compositions, Li and zircon Hf isotopic compositions and oxygen fugacity of these rocks with an aim to constrain the lithium isotopic composition of the source region and origin of the magmas. These rocks were formed during 269–258 Ma in middle–late Permian time. The dioritic rocks were formed through mixing processes, with the mafic melts originating from a metasomatized mantle wedge and the felsic melts from the lower crust of a Neoproterozoic arc. The mantle wedge has been metasomatized by Li-rich fluids derived from subducted oceanic crust, as indicated by the δ7Li values of +0.4 ‰ to +3.5 ‰ and positive ϵHf(t) values (+0.7 to +13.1). Redox-sensitive Ce in the zircons indicates the fO2 of the magmas to be low to intermediate (FMQ−2.2 to FMQ+2.6; FMQ is the fayalite–magnetite–quartz redox buffer), precluding large-scale porphyry Cu–Mo mineralization. The middle–late Permian magmatic rocks represent the terminal magmatic record of the subduction of the Palaeo-Asian oceanic crust, meaning that the final closure of the Palaeo-Asian Ocean in the eastern Central Asian Orogenic Belt occurred at the end of the Permian Period. Recent identification of Mesoproterozoic (c. 1400 Ma) granites suggests some Palaeoproterozoic crustal fragments still exist in the Liaoyuan Accretionary Belt, but only in a small amount; therefore, it is concluded that the crustal growth of the Liaoyuan Accretionary Belt occurred mainly during the Neoproterozoic period.