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Locksley Resources Limited ( (AU:LKY) ) has provided an update.
Locksley Resources has reported high-grade antimony assay results from surface grab samples at the historical Desert Antimony Mine within its Mojave Project in California. The samples, taken during earthworks to prepare for a maiden diamond drilling program, returned antimony grades of up to 16.90% Sb and demonstrated consistent high-grade mineralisation.
The new surface assays confirm continuity of stibnite-bearing veins along strike and above historical underground workings, bolstering confidence in the geological model and drill targeting. With diamond drilling now underway, the results strengthen the project’s potential as a strategic critical minerals hub and advance Locksley’s mine-to-market plans for U.S. domestic antimony supply.
The most recent analyst rating on (AU:LKY) stock is a Sell with a A$0.16 price target. To see the full list of analyst forecasts on Locksley Resources Limited stock, see the AU:LKY Stock Forecast page.
More about Locksley Resources Limited
Locksley Resources Limited is an exploration company focused on critical minerals, with current activities centered on the Mojave Project in California, USA. The company is targeting high-grade antimony mineralisation at the historical Desert Antimony Mine as part of a broader mine-to-market strategy aimed at supplying domestic U.S. antimony demand.
Average Trading Volume: 6,558,054
Technical Sentiment Signal: Sell
Current Market Cap: A$60.88M
Learn more about LKY stock on TipRanks’ Stock Analysis page.