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Investor Perception
Locksley Sources presents a uncommon mixture of high-grade, drill-ready prospects and a vertically built-in downstream technique on the coronary heart of America’s essential minerals hub. Locksley is properly positioned to ship near-term catalysts whereas establishing a long-term mine-to-market platform. For buyers in search of publicity to safe, home provide chains, Locksley represents a extremely leveraged alternative at an early development stage.
Overview
Locksley Sources (ASX:LKY,OTCQB:LKYRF,FSE:X5L) is a US-focused essential minerals firm advancing high-grade uncommon earth components (REEs) and antimony at its flagship Mojave venture in California. Strategically positioned simply 1.4 kilometers from the Mountain Go mine, North America’s solely producing REE mine, Locksley is instantly aligned with america’ nationwide push to onshore essential mineral provide chains, cut back reliance on China and safe inputs very important for protection, clear vitality and superior applied sciences.
Throughout the Mojave venture lies the historic Desert Antimony mine (DAM), which presents near-term manufacturing potential from extraordinarily high-grade stibnite veins, instantly addressing America’s complete lack of home antimony provide. As well as, the El Campo REE prospect present geological continuity with Mountain Go, the place rock chip samples have returned grades as much as 12.1 % complete uncommon earth oxides (TREO), together with as much as 3.19 % neodymium-praseodymium (NdPr), bothcritical inputs for everlasting magnets.
Not like conventional mineral exploration corporations, Locksley is just not solely targeted on useful resource discovery but in addition on constructing downstream capability.
Via its partnership with Rice College’s Ajayan Lab, the corporate is growing DeepSolv™, a next-generation processing answer for antimony that’s environmentally benign, presents >95 % restoration, diminished vitality use and the potential for modular deployment. This initiative instantly addresses the US bottleneck in refining capability and positions Locksley to determine a vertically built-in “mine-to-market” technique.
With imminent drilling packages, a rising US advisory crew, and entry to federal funding pathways via the Division of Protection, Division of Power and EXIM Financial institution, Locksley is rising as a key participant in America’s essential minerals future.
Firm Highlights
- US-focused Crucial Minerals Technique: Concentrating on antimony and uncommon earths, each on the US essential minerals record, on the Mojave venture in California, inside a federally prioritized provide chain hub.
- Tier-1 Location: Simply 1.4 km from the Mountain Go mine, the one REE producer within the US, with freeway entry, infrastructure and proximity to main protection and expertise industries.
- Drill-ready and Totally Funded: Approvals secured for each antimony and REE drilling packages, with preliminary campaigns set for 2025.
- Downstream Innovation: Partnership with Rice College to advance DeepSolv™ solvent-based processing expertise for antimony and examine functions in next-generation vitality storage.
- Authorities and Institutional Pathways: Positioned to profit from US insurance policies, Division of Protection initiatives, EXIM Financial institution financing and Division of Power funding.
Key Undertaking
Mojave Undertaking
The Mojave Undertaking is Locksley’s flagship asset and one of the vital strategically situated essential minerals tasks in america. Masking 491 claims throughout the El Campo Prospect and the lately expanded northern blocks, Mojave instantly abuts MP Supplies’ Mountain Go mine, the highest-grade REE operation on the earth and the one producing REE facility within the US. This Tier-1 location advantages from glorious infrastructure, with the I-15 freeway operating via the declare space and Las Vegas situated only one hour away by highway. Drilling functions for each REE and antimony targets have been permitted by the Bureau of Land Administration. The venture has been absolutely funded for its 2025 exploration season.
Desert Antimony Undertaking
Geological mannequin at Desert Antimony Mine highlighting mineralized zone
The Desert Antimony prospect is centered on the historic Desert Antimony mine and smelter, one in every of California’s few former producers of the metallic. The venture space hosts a number of stibnite-bearing quartz-calcite veins, with floor assays returning grades as excessive as 46 % antimony. In latest fieldwork, eight floor samples graded greater than 17 % antimony, and 18 samples returned above 1.4 % antimony, confirming the distinctive tenor of mineralization. Geological mapping has recognized as much as three mineralized veins inside a broader structural hall. The venture space hosts many historic adits and trenching confirms the presence of unmined high-grade zones.
Locksley has secured approvals for an expanded 2,180-meter RC drilling program, concentrating on extensions beneath historic workings and newly mapped veins. The corporate’s fast goal is to outline a JORC-compliant exploration goal, which is able to type the idea for conceptual mining research. With antimony buying and selling above US$60,000 per ton and designated as a US essential mineral, the venture presents clear near-term manufacturing potential.
Antimony is indispensable for flame retardants, semiconductors, and rising vitality storage applied sciences, but the US presently has no energetic manufacturing. The Desert Antimony prospect positions Locksley to be the primary mover in re-establishing home provide.
El Campo REE Undertaking
The El Campo REE prospect sits alongside strike from the Mountain Go mine and is simply 1.4 kilometers away from the energetic mine. Preliminary rock chip sampling has delivered constantly excessive grades, together with assays of three.74 % to 9.49 % TREO throughout a six-meter-wide mineralized zone. Observe-up sampling expanded this footprint, with twelve samples grading between 1.03 % and 12.1 % TREO, confirming the continuity of mineralization over an 860-meter horizon. Critically, the NdPr content material of as much as 3.19 % underscores El Campo’s strategic significance, given NdPr’s function in everlasting magnet manufacturing for EV motors, wind generators and protection functions.
Drilling approvals have been secured for an preliminary five-hole REE program at El Campo. Locksley goals to exhibit geological and metallurgical continuity with Mountain Go, which might instantly improve the venture’s strategic worth. With international REE provide dominated by China and long-term offtake contracts already in place at Mountain Go, El Campo represents a compelling alternative for Locksley to ship a high-grade US-sourced REE useful resource.
Broader Mojave Claims
Locksley’s broader Mojave claims comprise extra REE targets, situated north of El Campo. Whereas much less superior, these claims have yielded geophysical anomalies and geochemical signatures per carbonatite-hosted REE methods. Locksley intends to prioritize follow-up fieldwork and floor sampling to outline targets for inclusion in its subsequent part of drilling. The North Blocks present upside optionality, with the potential to develop Mojave right into a district-scale REE alternative. As well as, newly added claims instantly north of Dateline’s Colosseum mine are anticipated to comprise important polymetallic potential, primarily based on revealed USGS soil sampling profiles.
Downstream Technique – DeepSolv™ & Rice College Collaboration
Past exploration, Locksley is investing closely in downstream processing capabilities to fill a essential hole within the US provide chain. Via its partnership with Rice College, the corporate is advancing DeepSolv™, a solvent-based hydrometallurgical course of derived from deep eutectic solvents (DES). Not like typical pyrometallurgy, which requires smelting above 1000°C and generates important SO₂ and CO₂ emissions, DeepSolv™ operates at 100–200°C, delivers >95 % restoration charges and considerably reduces hazardous by-products. The expertise is ore-agnostic, scalable and modular – aligning with US insurance policies round clear expertise and ESG compliance.
Along with processing, Rice College can be main analysis into antimony’s function in next-generation vitality storage, together with sodium-ion and lithium-ion batteries. Antimony’s excessive alloying capability, metallic conductivity and biking stability make it a pretty candidate for long-duration grid storage, supporting Division of Power (DOE) priorities. This collaboration broadens Locksley’s technique from exploration to commercialization, positioning it not simply as a mine developer, however as a essential participant within the US clear vitality transition.
Collectively, the twin workstream collaboration with Rice College strengthens Locksley’s positioning by broadening eligibility for U.S. federal funding packages and unlocking entry to Division of Protection and the Division of Power grant pathways.
Administration Workforce
Pat Burke – Non-executive Chairman
Pat Burke brings greater than 20 years of expertise in company regulation, governance and ASX-listed firm management. He has served as govt chairman of Meteoric Sources, the place he oversaw the acquisition of the Tier-1 Caldeira REE venture in Brazil. Burke has held board roles throughout ASX, AIM and NASDAQ corporations, guiding recapitalizations, acquisitions and strategic pivots. At Locksley, he gives governance oversight and M&A experience, notably in aligning the corporate with US capital markets.
Bevan Tarratt – Non-executive Director:
With greater than 20 years in company finance, accounting and broking, Bevan Tarratt focuses on ASX firm recapitalizations, acquisitions and restructuring. He has performed key roles in financing methods for junior and mid-tier miners, making certain environment friendly entry to capital and sustaining monetary self-discipline. Tarratt strengthens Locksley’s means to navigate funding pathways and company structuring.
Steve Woodham – Non-executive Director
Steve Woodham brings greater than 30 years of exploration, growth and company management expertise. He was a founding director of Centaurus Metals and YTC Sources (now Aurelia Metals) and beforehand served as managing director of Kingwest Sources and Tellus Sources. Woodham’s profession highlights embody advancing greenfield discoveries into growth pipelines and steering corporations via development phases. His function at Locksley is to information company technique and guarantee technical packages are aligned with shareholder worth creation.
Kerrie Matthews – Chief Government Officer
Ms. Matthews has over 20 years of govt expertise together with delivering complicated, capital-intensive tasks, together with main BHP’s US$3.8 billion South Flank Undertaking and Iluka’s A$1.8 billion Eneabba Uncommon Earths Refinery, Australia’s first absolutely built-in uncommon earths refinery. She excels in streamlining approvals and fasttracking outcomes, which aligns with Locksley’s accelerated U.S. technique
Danny George – Chief Working Officer
Mr. George is a seasoned govt with in depth international expertise in feasibility research and executing EPCM and EPC contracts in mining and vitality. He has efficiently delivered main tasks with high companies together with WSP, Fortescue, Mineral Sources, and Ausenco, for purchasers equivalent to Vale and BHP. Mr. George is recognised for rapidly bringing tasks on-line with capital self-discipline and operational agility, positioning Locksley as a quick mover within the U.S. market.
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