Locksley Resources expands Mojave exploration program with new target and enlarged landholding

Locksley Resources Limited (ASX:LKY, OTCQB:LKYRF, FSE:X5L) has announced a major expansion of its exploration program at the Mojave Project in California.

The decision follows a substantial increase in the company’s claim portfolio and the recent discovery of a historical shaft, now designated the “Hendricks Prospect”.

The enlarged program will accelerate activity across antimony, rare earths and other commodities identified within the company’s expanded landholding.

In this Q&A, Chairman Pat Burke provides further insight into the company’s progress and future direction.

What prompted Locksley to significantly expand and accelerate its exploration program at Mojave?

The expansion of our exploration program is the result of two critical developments.

Firstly, our claim portfolio has grown to more than 250 contiguous claims in the Mojave Critical Minerals Corridor, directly abutting MP Materials’ ground at Mountain Pass.

Secondly, recent geological mapping revealed additional historical workings that underscore the broader potential of the project.

As Chairman Pat Burke explains,

“The substantial expansion of our landholding within the Mojave Critical Minerals Corridor marks a pivotal step in Locksley’s growth.”

These developments combined give us a strong rationale to accelerate exploration and increase the scale of our activities across antimony, rare earths and other commodities.

What can you tell us about the historical shaft that was recently discovered?

During our most recent mapping campaign, our team uncovered a substantial historical shaft in the core of the North Block our largest contiguous landholding.

The shaft is estimated to extend beyond 15 metres in depth and is accompanied by underground workings.

Its NNE vein orientation is consistent with the Desert Antimony Prospect, validating our structural interpretation across the broader Mojave Project.

This discovery has been named the “Hendricks Prospect” and grab samples have already been collected from surface rock piles for laboratory analysis to determine what commodities were historically mined.

How does Locksley’s position alongside MP Materials enhance the strategic value of the Mojave Project?

One of the defining features of the Mojave Project is its strategic location.

Our North Block lies directly adjacent to MP Materials’ tenure, while El Campo sits along strike of the Mountain Pass Mine and is enveloped by MP’s claims.

This places our expanded Mojave Project directly within one of the most exciting critical minerals corridors globally, with the Mountain Pass mine being the only large-scale rare earths mine in the United States and the subject of recent investment from the DoD and Apple.

As Burke highlighted following a recent site visit,

“The site visit with brokers and analysts provided an excellent opportunity to showcase not only the scale of our tenure, but also the strategic importance of our position alongside MP Materials.”

This alignment reinforces the geological potential of Mojave and demonstrates its significance in the context of U.S. critical mineral supply chains.

What progress has been made with fieldwork and what are the next steps?

Our geological team has completed several rounds of field mapping across high-priority areas, including the NE and SW extensions of the Desert Antimony Mine, the western limits of the North Block located due north of the Mountain Pass Mine and the rare earths target where the Hendricks shaft was recently identified.

This data is now being incorporated to refine our geological model.

The immediate next step will be a follow-up sampling campaign, which builds on the grab samples already collected at Hendricks.

These results will feed into the detailed outline of our expanded program and guide maiden drilling across Desert Antimony, El Campo and Hendricks prospects.

Why is antimony such an important part of the Mojave Project and what role can Locksley play?

Antimony is a critical mineral that plays a vital role in semiconductors, defence systems, flame retardants and metal alloys, yet the United States currently has no domestic production.

The Mojave Project hosts the historic Desert Antimony Mine, which last operated in 1937 and is regarded as one of the highest-grade known occurrences in the country.

Our expanded program will allow us to properly test the scale and grade of Stibnite mineralisation within this historic mine through drilling.

Burke noted,

“With the U.S. Government increasingly focused on securing domestic supply chains for critical minerals, Locksley is well placed to deliver a mine-to-market solution for antimony and rare earths.”

By advancing work at the Desert Antimony prospect alongside our rare earths at El Campo, we are aligning the project with U.S. strategic supply objectives while also building value for our shareholders.

Building long-term value through exploration

Locksley Resources growing landholding, the identification of new historical workings and the dual focus on antimony and rare earths strengthen the company’s position within the Mojave Critical Minerals Corridor.

With further mapping, sampling and maiden drilling on the horizon, the company is executing a clear and structured exploration strategy.

“We look forward to progressing our exploration program and building long-term value for our shareholders.”

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