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Locksley Resources Limited ( (AU:LKY) ) just unveiled an update.
Locksley Resources has commenced a fully funded diamond drilling campaign at the high-grade Desert Antimony Mine within its Mojave Project in California. The program follows extensive site preparation and detailed surface exposure mapping, which confirmed the geometry and continuity of primary stibnite veins and helped refine drill sequencing toward the highest-confidence antimony targets.
The maiden drilling aims to test depth and strike extensions of known high-grade mineralisation beneath historical workings, integrating data from historical mining, underground mapping, surface sampling and 3D modelling. Core from the program is expected to support metallurgical and processing test work in collaboration with Rice University and U.S. Department of Energy-linked initiatives, underscoring the project’s alignment with U.S. critical minerals and domestic supply-chain priorities.
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 a key asset in the Mojave Project in California targeting high-grade antimony mineralisation. The company is advancing the historic Desert Antimony Mine, positioning itself within U.S.-aligned supply chain priorities for strategic materials through drilling and technical programs.
Average Trading Volume: 6,739,962
Technical Sentiment Signal: Sell
Current Market Cap: A$64.57M
Learn more about LKY stock on TipRanks’ Stock Analysis page.