Locksley Resources (ASX:LKY) adds Tottenham West to copper and gold exploration portfolio
Locksley Resources has secured a further 139 km² at its Greater Tottenham copper and gold project in central New South Wales, with the grant of Tottenham West bringing an effectively untested structural feature into the company’s exploration targeting programme.
Highlights
Greater Tottenham covers approximately 1,000 km², comprising approximately 800 km² granted and 197 km² under application.
Granted tenure includes approximately 188 km² held under option at Iron Duke.
Tottenham West contains an interpreted 10 km structural feature, with no drilling recorded within the licence.
Historical soil sampling identified a copper trend in the northern block, which requires modern follow up.
Application ELA7118 remains under assessment, with exploration work on that ground subject to grant.
The new exploration licence, EL9969, lies between EL6592 and EL9307 along an underexplored section of the prospective Tritton Trend.
Granted on 9 November 2026 for a 6 year term, it forms part of Locksley’s consolidation of ground across a district containing more than 50 km of prospective mineralised and geophysical trends.
The company also lodged ELA7118 on 17 September 2026, covering additional underexplored areas within the Tottenham project area.
The new licence and application are intended to provide continuous coverage across the prospective trends outlined in Locksley’s 15 October 2026 strategy announcement.
Locksley Chairman Bevan Tarratt described the geographical scope of that approach, saying:
“This new licence and application close gaps in our coverage and aim to give Locksley control of the trends we are targeting, from the Carolina area in the north through to Iron Duke in the south.”
Within the Girilambone Basin of the Lachlan Fold Belt, Locksley is targeting structurally controlled copper and gold mineralisation.
Airborne magnetic data define the interpreted northwest trending structural feature through the main part of EL9969, where transported sediments cover the ground and historical explorer Duval Mining recorded no outcrop.
The only historical sampling recorded on that feature comprises 2 heavy mineral samples collected by Duval in 1983 and 1984, approximately 200 m apart at its southern end.
Elsewhere in the main licence area, exploration included reconnaissance geochemical surveys for base metals collected along roads during the 1970s.
Locksley has explicitly qualified the historical heavy mineral results, which are not representative of soil or underlying bedrock grades.
Very little concentrate was recovered, requiring dilution with silica before assay, and Duval reported that the procedure produced inaccurate results before discontinuing the method.
The company consequently regards those results as qualitative indications requiring confirmation through modern sampling, while the historical sampling and assay procedures are only partly documented and no resampling has been undertaken.
In the northern block, Mincor Copper’s soil sampling in 2007 and 2012 indicated a northwest trending copper trend parallel to the Tottenham Anticline.
Locksley has not yet validated those results and plans modern sampling to follow up the trend.
Planned work comprises historical data review, geological mapping, surface geochemistry and surface geophysics where required, followed by drilling of defined targets, subject to results and approvals.
Land access agreements for EL9969 remain to be negotiated, while native title and any third party interests remain to be ascertained.