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Locksley Resources Limited (ASX:LKY)

ALERT: Price-sensitive ASX Announcement for LKY
Current share price for LKY : $0.060 -0.045 (-42.86%)+
Announcement
Release
4 Jun 2026 9:10AM
Price at Release
$0.105
Full Release
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Summary
Locksley Resources Limited reported successful high-grade rare earth element (REE) mineralisation results from its maiden diamond drilling program at the El Campo prospect within the Mojave Project in California. The drilling confirmed the presence of NdPr-enriched light rare earth mineralisation akin to Mountain Pass-style carbonatite systems. Two of the four drill holes intersected significant REE mineralisation, with notable results such as a peak value of 6.03% total rare earth oxides (TREO) over 0.7 meters. The prospect remains open along strike and at depth, suggesting potential for a larger carbonatite system. Additionally, the Desert Antimony Mine drilling confirmed high-grade stibnite mineralisation extending south and below historical workings, further supporting Locksley's broader U.S. critical minerals exploration strategy.
Key Points
  • Drilling at El Campo confirmed high-grade NdPr-enriched mineralisation.
  • Mountain Pass-style carbonatite system parallels identified.
  • El Campo prospect is open along strike and at depth.
  • Significant peak value of 6.03% TREO was reported.
  • Desert Antimony Mine showed high-grade stibnite mineralisation.
  • Locksley continues its U.S. critical minerals exploration strategy.
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.