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Locksley Resources Limited (ASX:LKY)

ALERT: Price-sensitive ASX Announcement for LKY
Current share price for LKY : $0.057 -0.063 (-52.50%)+
Announcement
Release
21 May 2026 9:27AM
Price at Release
$0.120
Full Release
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Summary
Locksley Resources Limited announced results from their maiden drilling program at the DAM site, revealing high-grade antimony mineralisation below historic workings. Significant intersections included subvertical quartz-stibnite veins within granite gneiss and tonalite. Notable results were found in hole DADD0005A, with 4.0 metres grading 4.87% Sb, and an internal high-grade interval of 0.4 metres grading 33.51% Sb. Locksley believes these findings indicate a larger hydrothermal antimony system and plans further work to refine structural controls and target ongoing exploration. The company is focused on supporting U.S. critical minerals independence through strategic partnerships and advanced processing technologies.
Key Points
  • Maiden drilling at DAM confirmed high-grade antimony mineralisation below historic underground workings.
  • The drilling intersected subvertical quartz-stibnite veins within granite gneiss and tonalite.
  • Hole DADD0005A showed 4.0 metres grading 4.87% Sb, including an interval of 0.4 metres at 33.51% Sb.
  • Hole DADD0004 returned an intercept of 1.4 metres grading 5.62% Sb.
  • Locklsey believes results suggest a larger hydrothermal antimony system.
  • Further work will focus on refining structural controls and ongoing targeting.
  • The project aims at re-establishing domestic antimony supply chains in the U.S.
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.