Locksley Steps Up Mojave Antimony and Rare Earths Push with Drilling, Funding and U.S. Partnerships

Locksley Resources Limited ( (AU:LKY) ) just unveiled an announcement.

Locksley Resources’ quarterly report for the period to 31 December 2025 details substantial progress at its Mojave Project, including the start of maiden diamond drilling at the El Campo REE Prospect and Desert Antimony Mine, completion of high-resolution geophysical and LiDAR surveys, and structural mapping that increased antimony target strike length by 400% and identified new quartz‑carbonate‑antimony veins. A bulk sample from underground workings at the Desert Antimony Mine returned robust head grades of 7.6–7.8% antimony, while the company advanced downstream processing initiatives through flotation testwork, the Rice University DeepSolv program, and a new REE processing technology partnership with Columbia University, alongside initiating an expression-of-interest process with Tier 1 U.S. engineers for scoping and pilot plant design. Strategically, Locksley strengthened its U.S. footprint by upgrading to the OTCQX Best Market, progressing a sponsored ADR program with BNY Mellon, securing a letter of interest from the U.S. Export-Import Bank for up to US$191 million, completing an oversubscribed A$17 million placement led by U.S. institutional investors, and enhancing its leadership team with a new CEO, additional board expertise, and a retired Lieutenant General to bolster engagement with U.S. federal stakeholders, underpinning its ambition to become a cornerstone supplier in America’s critical minerals supply chain.

The most recent analyst rating on (AU:LKY) stock is a Hold with a A$0.18 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 critical minerals company focused on developing the Mojave Project in California, targeting antimony and rare earth elements (REE) near MP Materials’ Mountain Pass, the only active REE producer in the United States. The company is positioning itself as an integrated mine-to-market player, aiming to re-establish an independent domestic U.S. supply chain for antimony and to support critical minerals security for defense, energy storage, and advanced technology sectors, while also expanding its presence in U.S. capital markets through OTCQX trading and an ADR program.

Average Trading Volume: 7,599,834

Technical Sentiment Signal: Buy

Current Market Cap: A$71.76M

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