Locksley Maps Major New Shear Zone to Boost Antimony Potential at Mojave

The latest update is out from Locksley Resources Limited ( (AU:LKY) ).

Locksley Resources has identified a major new shear zone, dubbed the Beefeater Shear, at its Mojave Project in California, which may host antimony mineralisation similar to the high-grade Desert Antimony Mine nearby. The 10–15 metre wide North-South corridor, located between the DAM and Hendricks prospects, displays intense alteration and structural characteristics that suggest Mojave’s antimony potential extends across multiple parallel structures rather than a single vein system.

Detailed underground mapping at the Desert Antimony Mine has clarified the geometry of stibnite veins and revealed that many apparently “pinched out” zones are likely offset blocks rather than true terminations. This new structural understanding de-risks the upcoming drilling program, supports immediate resource expansion potential at depth, and broadens Locksley’s exploration pipeline as the company awaits assay results from recent surface and underground sampling.

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 Australian-listed exploration company focused on critical minerals, with a key asset in the Mojave Project in California, U.S. The company is targeting high-grade antimony and potentially associated mineralisation across multiple shear-hosted structures, aiming to build an expanded pipeline of critical mineral projects within its Mojave landholding.

Average Trading Volume: 7,374,279

Technical Sentiment Signal: Buy

Current Market Cap: A$57.04M

See more insights into LKY stock on TipRanks’ Stock Analysis page.