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The latest update is out from Locksley Resources Limited ( (AU:LKY) ).
Locksley Resources Limited has announced the identification of new rare earth element (REE) targets adjacent to the Mountain Pass Rare Earth Mine through a high-resolution geophysical survey. The survey revealed a significant Thorium anomaly, a key indicator of potential REE mineralization, in the North Block claims of the Mojave Project. This discovery opens up a second prospective trend near El Campo, enhancing the company’s exploration prospects. The detailed structural map generated by the survey will guide further target generation, with immediate field validation underway to confirm these findings. This development positions Locksley Resources to potentially expand its operations and strengthen its presence in the REE market.
The most recent analyst rating on (AU:LKY) stock is a Hold with a A$0.50 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 a company operating in the mining industry, focusing on the exploration and development of rare earth elements (REE). The company is involved in identifying and developing mineral resources, with a particular emphasis on REE, which are crucial for various high-tech and clean energy applications.
Average Trading Volume: 9,951,180
Technical Sentiment Signal: Buy
Current Market Cap: A$83.82M
For an in-depth examination of LKY stock, go to TipRanks’ Overview page.