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Locksley Resources Limited (ASX:LKY)

ALERT: Price-sensitive ASX Announcement for LKY
Current share price for LKY : $0.057 -0.014 (-19.72%)+
Announcement
Release
17 Aug 2026 8:43AM
Price at Release
$0.071
Full Release
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Summary
Locksley Resources Limited has completed a strategic review of its U.S. critical minerals portfolio, which includes the Mojave Project, the Desert Antimony Mine, and the El Campo rare earths prospects in California. The review determined that the projects do not justify further exploration expenditure due to insufficient scale and geological continuity, compounded by a significant downturn in global antimony prices. Consequently, all active exploration activities have ceased, but the company will maintain its existing claims while focusing on capital discipline and potential technological advancements like the DeepSolv™ hydrometallurgical process in collaboration with Rice University.
Key Points
  • Locksley Resources Limited completed a strategic review of U.S. assets.
  • Exploration at Mojave Project, Desert Antimony Mine, and El Campo ceased.
  • Global antimony prices fell over 57%, impacting project viability.
  • Claims will be maintained on a low-cost basis for future opportunities.
  • Potential technological advancements with DeepSolv™ process are under review.
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.