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Locksley Resources Limited (ASX:LKY)

ALERT: Price-sensitive ASX Announcement for LKY
Current share price for LKY : $0.053 -0.003 (-5.36%)+
Announcement
Release
30 Jul 2026 5:20PM
Price at Release
$0.056
Full Release
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Summary
Locksley Resources Limited, an Australian mineral exploration company, reported on its activities for the quarter ending 30 June 2026. The company made significant progress in the Mojave Project in California, confirming high-grade antimony and rare earth mineralisation at the Desert Antimony Mine and El Campo Rare Earth Prospect. The drilling at the Desert Antimony Mine revealed narrow high-grade antimony mineralisation and suggested a larger carbonatite system at depth. Similarly, the El Campo Prospect identified NdPr-enriched light rare earth elements, indicating potential for a larger mineral system. Locksley also strengthened its financial position with a cash balance of $14.9 million and executed a binding option agreement to acquire the Iron Duke Copper & Gold Project in New South Wales, enhancing its domestic portfolio. The company continued its research collaborations with Columbia University and Rice University to advance processing technologies for rare earth elements and antimony recovery, respectively.
Key Points
  • Locksley Resources completed maiden drilling at Mojave Project.
  • High-grade antimony found at Desert Antimony Mine.
  • El Campo drilling showed NdPr-enriched light rare earth elements.
  • Binding option agreement for Iron Duke Project in New South Wales.
  • Strong cash position of $14.9M at quarter end.
  • Collaboration with Columbia University on rare earth processing.
  • Research with Rice University on antimony recovery.
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.