Locksley Resources Mojave Project Expansion Delivers 400% Strike Increase

Locksley Resources Ltd-LKY-LKY carved into desert landscape, machinery present.

Locksley Resources Ltd

  • ASX Code: LKY
  • Market Cap: $132,191,501
  • Shares On Issue (SOI): 183,333,330
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    Mojave Project Soars: 400% Increase in Antimony Target Strike Length

    Locksley Resources (ASX: LKY) has achieved a major breakthrough at its Mojave Project in California, with recent structural mapping dramatically expanding the target mineralised corridor at the Desert Antimony Mine (DAM) Prospect from 300 meters to 1.2 kilometers—a remarkable 400% increase in potential scale.

    Strategic Critical Minerals Hub Emerging in California

    The expanded structural mapping has not only extended the primary target zone but also identified a parallel structural target 150 meters west of the main DAM structure, pointing to a multi-zone system with district-scale potential. This development significantly enhances the project's prospects as a strategic U.S. critical minerals hub, perfectly aligned with accelerating domestic supply chain initiatives.

    "Our second structural mapping program at the Mojave Project has markedly advanced our geological understanding and confirmed the substantial exploration potential of this critical district," said Locksley Resources CEO Kerrie Matthews. "The fourfold expansion of the Desert Antimony Mine target horizon has fundamentally changed the scale of the opportunity, demonstrating the potential for a much larger mineralised system."

    Key Structural Discoveries Transform Project Potential

    The comprehensive mapping program, conducted by specialist structural geologists, has delivered five critical outcomes:

    • Extended the target horizon to 1.2 km of strike length, dramatically increasing scale potential
    • Identified a parallel structural zone 150m west of the main mineralised trend
    • Discovered multiple lamprophyre dykes indicating deep-seated mantle-tapping structures
    • Created updated 3D geological models enhancing structural understanding
    • Defined 18 priority target areas for follow-up detailed mapping and sampling

    The updated geological interpretation highlights steep north-plunging intersections between mapped shear zones and folded host rocks as potential mineralisation controls. These findings have been incorporated into a new 3D geological model that identifies seven priority surface sampling targets to guide the next phase of exploration.

    High-Grade Silver Discovery Expands Polymetallic Potential

    Adding to the project's prospects, initial grab sampling at the Hendricks Prospect returned high-grade silver assays of 216 g/t Ag with anomalous lead (0.3% Pb), zinc (0.9% Zn), and copper (0.1% Cu), indicating a broader polymetallic system. The company also identified previously unknown historical workings at the Hendricks Prospect.

    Understanding Antimony: A Critical U.S. Strategic Material

    Antimony is classified as a critical mineral by the U.S. government due to its essential applications in defense systems, semiconductors, flame retardants, and lead-acid batteries. Despite high demand, the United States currently has no domestic antimony production, making Locksley's Mojave Project strategically important for national security.

    The mineral is typically found in narrow, high-grade vein deposits, with stibnite (Sb₂S₃) being the primary ore mineral. Antimony deposits commonly form in low to moderate temperature hydrothermal systems along structural pathways—precisely the geological setting being mapped at Locksley's Desert Antimony Mine Prospect.

    Strategic Alignment with U.S. Critical Minerals Policy

    The scale and geometry of the target zones identified at Mojave align with the type of high-grade, clean stibnite feedstock required to fast-track U.S. antimony supply chains under programs such as Defense Production Act (DPA) Title III and Department of Energy ARPA-E initiatives.

    This timing is advantageous, as the U.S. continues to advance policies promoting domestic critical mineral production to reduce dependence on foreign sources, particularly from China, which dominates global antimony production.

    Next Steps: Accelerated Exploration Program

    Locksley has outlined an aggressive exploration roadmap:

    • Third phase structural mapping program to commence in late November 2025
    • Detailed surface sampling across the newly identified target zones
    • Development of a JORC Exploration Target to guide future drilling programs
    • Further investigation of REE potential at the Junipero Prospect, located just 1.1km north of the Mountain Pass Mine

    Why Investors Should Follow Locksley Resources

    Locksley Resources has positioned itself at the intersection of several compelling investment themes:

    1. Critical Minerals Focus: Targeting antimony and rare earth elements—both designated as critical materials by the U.S. government

    2. Strategic Location: Operating in California with projects adjacent to Mountain Pass, the only operating rare earth mine in the United States

    3. Expanding Footprint: The 400% increase in target strike length dramatically enhances the scale potential of the antimony system

    4. Polymetallic Opportunity: High-grade silver discoveries point to diverse commodity potential beyond antimony

    5. U.S. Policy Alignment: Positioning to benefit from accelerating government initiatives to secure domestic critical mineral supply chains

    With an expanded geological understanding, multiple target zones, and strategic alignment with U.S. critical minerals priorities, Locksley Resources presents a compelling opportunity for investors seeking exposure to the rapidly evolving critical minerals sector.

    Ready to Invest in Critical Minerals That America Needs?

    Discover how Locksley Resources' (ASX: LKY) remarkable 400% expansion of its antimony target at the Mojave Project could position the company as a key player in America's critical minerals future. With high-grade silver discoveries and strategic alignment with US government priorities, Locksley presents a compelling investment opportunity in the rapidly evolving critical minerals sector. For comprehensive information about their Mojave Project and growth strategy, visit Locksley Resources' website and explore how you could be part of this emerging critical minerals story.

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