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Locksley Resources Limited (ASX:LKY)

ALERT: Price-sensitive ASX Announcement for LKY
Current share price for LKY : $0.054 -0.076 (-58.46%)+
Announcement
Release
19 May 2026 5:22PM
Price at Release
$0.130
Full Release
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Summary
Locksley Resources Limited announced that it has secured an option to acquire 100% of the Iron Duke Copper & Gold Project located in New South Wales, Australia. This acquisition supports a district-scale exploration strategy in the Cobar region, complementing the nearby Tottenham Project. The Iron Duke Project comprises two exploration licences and features a copper and gold quartz-sulphide system within the Girilambone Group sediments. The project includes high-grade surface and drill hole results, with an Inferred Mineral Resource Estimate of 1.3 million tonnes at 1.0% copper and 0.6 g/t gold. The mineralisation is open to the south and at depth, with immediate drill-ready targets, including historical workings at several prospects. The acquisition involves a low upfront cost with milestone-based payments aligned with asset value creation.
Key Points
  • Locksley Resources secured option for Iron Duke Project.
  • Project located near Tottenham, enhancing Cobar region strategy.
  • Comprises two exploration licenses covering 188.3 km².
  • Features copper and gold quartz-sulphide system.
  • Inferred Resource Estimate of 1.3 Mt at 1.0% Cu and 0.6 g/t Au.
  • Mineralisation open to the south and depth.
  • Immediate drill-ready targets at historical workings.
  • Acquisition structured with low upfront cost and milestone-based payments.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.