Locksley Resources Limited (AU:LKY)
ASX:LKY
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Locksley Resources Limited
(Sydney:LKY)
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Rating:42Neutral
Price Target:
AU$0.16
▼(-21.00% Downside)
Action:ReiteratedDate:03/13/26
The score is primarily pressured by poor financial performance (revenue contraction, persistent losses, and negative operating cash flow). Technicals are only mildly supportive with a short-term move above shorter moving averages but continued longer-term weakness and a negative MACD. Valuation is not supportive because the negative P/E reflects unprofitable operations and no dividend yield is available.
Positive Factors
Low financial leverage
Very low debt-to-equity reduces financial risk and preserves balance sheet flexibility for an exploration company. This structural conservatism supports the ability to fund near-term programs via equity or JV structures, lowering default and refinancing risk over months.
Negative Factors
Steep revenue contraction
A sharp revenue decline of ~60% is a durable warning sign for an explorer with limited recurring cash inflows. Lower revenues reduce internal funding for exploration, increase dependency on external capital, and elevate dilution risk if additional financing is required within a 2–6 month horizon.
Read all positive and negative factors
Positive Factors
Negative Factors
Low financial leverage
Very low debt-to-equity reduces financial risk and preserves balance sheet flexibility for an exploration company. This structural conservatism supports the ability to fund near-term programs via equity or JV structures, lowering default and refinancing risk over months.
Read all positive factors
Locksley Resources Limited (LKY) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$61.88M
Dividend YieldN/A
Average Volume (3M)13.43M
Price to Earnings (P/E)―
Beta (1Y)2.76
Revenue Growth57.03%
EPS Growth63.37%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.03
Shares Outstanding375,003,270
10 Day Avg. Volume9,137,933
30 Day Avg. Volume13,434,993
Financial Highlights & Ratios
PEG Ratio0.19
Price to Book (P/B)1.25
Price to Sales (P/S)450.86
P/FCF Ratio-7.75
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Locksley Resources Limited Business Overview & Revenue Model
Company Description
Locksley Resources Limited engages in the acquisition, exploration for, and development of mineral resources projects in Australia. The company primarily explores for copper and gold deposits. It holds interests in the Tottenham project, which com...
How the Company Makes Money
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Locksley Resources Limited Financial Statement Overview
Summary
Income Statement
20
Very Negative
Balance Sheet
35
Negative
Cash Flow
25
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 57.37K | 24.24K | 32.99K | 66.54K | 42.01K | 0.00 |
| Gross Profit | 39.72K | 24.24K | 32.99K | 66.54K | 42.01K | -17.00K |
| EBITDA | -9.23M | -1.56M | -2.07M | -1.43M | -2.68M | -513.68K |
| Net Income | -9.25M | -1.58M | -2.13M | -1.50M | -2.75M | -532.27K |
Balance Sheet | ||||||
| Total Assets | 27.30M | 9.11M | 8.63M | 7.18M | 7.32M | 4.55M |
| Cash, Cash Equivalents and Short-Term Investments | 19.47M | 2.26M | 2.30M | 2.27M | 1.91M | 4.29M |
| Total Debt | 127.27K | 1.80K | 1.80K | 31.50K | 80.99K | 124.97K |
| Total Liabilities | 1.07M | 340.64K | 174.23K | 334.97K | 734.04K | 267.52K |
| Stockholders Equity | 26.23M | 8.77M | 8.46M | 6.85M | 6.58M | 4.29M |
Cash Flow | ||||||
| Free Cash Flow | -6.98M | -1.41M | -2.06M | -1.41M | -2.81M | -511.92K |
| Operating Cash Flow | -6.77M | -1.41M | -2.03M | -1.41M | -2.67M | -463.94K |
| Investing Cash Flow | -4.19M | 22.69K | -575.02K | 0.00 | -146.87K | -47.98K |
| Financing Cash Flow | 24.70M | 1.34M | 2.64M | 1.78M | 429.58K | 4.80M |
Locksley Resources Limited Technical Analysis
Negative
0.20
Price Trends
0.17
Negative
0.21
Negative
0.25
Negative
Market Momentum
>-0.01
Positive
43.54
Neutral
20.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:LKY, the sentiment is Negative. The current price of 0.2 is above the 20-day moving average (MA) of 0.17, above the 50-day MA of 0.17, and below the 200-day MA of 0.25, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 43.54 is Neutral, neither overbought nor oversold. The STOCH value of 20.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:LKY.
Locksley Resources Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
49 Neutral | AU$9.19M | -0.43 | -104.33% | ― | -100.00% | 80.33% | |
47 Neutral | AU$8.12M | -5.81 | -11.29% | ― | ― | -6.38% | |
44 Neutral | AU$4.59M | -0.72 | -171.67% | ― | ― | 30.99% | |
43 Neutral | AU$9.46M | -2.50 | -23.96% | ― | ― | 56.90% | |
42 Neutral | AU$61.88M | -1.54 | -52.88% | ― | 57.03% | 63.37% | |
| ― | AU$4.98M | -0.54 | -145.66% | ― | ― | 34.61% |
* Basic Materials Sector Average
AU:LKY
Locksley Resources Limited
0.17
0.15
725.00%
AU:KFM
Kingfisher Mining Ltd.
0.08
0.04
95.00%
AU:MOH
Moho Resources Ltd.
0.01
0.00
0.00%
AU:ATT
Copper Search Ltd.
0.01
>-0.01
-39.13%
AU:DUN
Dundas Minerals Limited
0.05
0.03
113.64%
AU:M3M
M3 Mining Ltd.
0.02
>-0.01
-26.67%
Locksley Resources Limited Corporate Events
Locksley Resources Expands Capital Base Through Option Conversion
Apr 2, 2026
Locksley Resources has issued 1,386,089 fully paid ordinary shares at $0.10 each following the conversion of unlisted options, expanding its quoted share capital on the ASX. The company confirmed that the shares were issued without a prospectus un...
Locksley Resources Seeks ASX Quotation for Additional Shares
Apr 2, 2026
Locksley Resources Limited has applied to the ASX for quotation of 1,386,089 new ordinary fully paid shares, effective 2 April 2026. The issuance of these additional securities, arising from the exercise or conversion of existing instruments, mode...
Locksley advances high-purity antimony and next-gen battery materials with Rice University
Mar 29, 2026
Locksley Resources reported progress in its sponsored research program with Rice University, which is optimising deep eutectic solvent processing to produce antimony of greater than 99% purity from its Desert Antimony Mine in California. The work ...
Locksley Resources Issues New Shares via Option Conversion and Performance Rights
Mar 27, 2026
Locksley Resources Limited has expanded its share capital through both the conversion of unlisted options and the vesting of performance rights, increasing the number of fully paid ordinary shares quoted on the ASX. The company notes that these ne...
Locksley Resources Seeks Quotation for 3.25 Million New ASX Shares
Mar 27, 2026
Locksley Resources Limited has applied for the quotation of an additional 3,247,291 ordinary fully paid shares on the Australian Securities Exchange, effective 27 March 2026. The new securities arise from the exercise or conversion of existing opt...
Locksley Resources Issues 11.8 Million Unquoted Options Expiring 2029
Mar 13, 2026
Locksley Resources Limited has notified the ASX of the issue of 11,805,555 unquoted options, each exercisable at $0.36 and expiring on 13 March 2029. The new options, issued on 13 March 2026 as a new class of securities, signal ongoing use of equi...
Locksley Resources Issues New Shares on ASX After Option Conversions
Mar 13, 2026
Locksley Resources has issued 1,386,088 fully paid ordinary shares at $0.10 each following the conversion of unlisted options, expanding its quoted share capital on the ASX. The company confirmed the issue was conducted without a prospectus under ...
Locksley hits 99.5% purity antimony trioxide in U.S. Mojave project breakthrough
Mar 13, 2026
Locksley Resources has produced 99.5% purity antimony trioxide at bench scale using feedstock from the Desert Antimony Mine at its Mojave Project in California. The result, confirmed by X-ray diffraction analysis, demonstrates the project’s ...
Locksley hits 99.5% antimony trioxide purity in U.S. supply chain push
Mar 11, 2026
Locksley Resources has produced 99.5% purity antimony trioxide at bench scale using feedstock from the Desert Antimony Mine at its Mojave Project in California. The result, verified by X-ray diffraction analysis, confirms the project’s abili...
Locksley Confirms High-Grade Antimony Continuity at Mojave’s Desert Mine
Mar 2, 2026
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 drilli...
Locksley launches maiden drilling at Mojave’s Desert Antimony Mine
Feb 22, 2026
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 c...
Locksley joins U.S. DOE critical materials hub to advance Mojave antimony project
Feb 10, 2026
Locksley Resources, via its U.S. subsidiary Enigma Strategic Minerals, has been accepted as an Affiliate Member of the U.S. Department of Energy’s Critical Materials Innovation Hub led by Ames Laboratory. The move embeds the company within t...
Locksley Maps Major New Shear Zone to Boost Antimony Potential at Mojave
Feb 9, 2026
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 Nor...
Locksley Confirms High-Grade Antimony at Mojave Ahead of 2026 Pilot Plant
Feb 2, 2026
Locksley Resources has reported exceptional assay results from a batch sampling program at the Desert Antimony Mine, part of its Mojave Project in California, with grades reaching up to 26.1% antimony and a combined weighted average of 18.7% from ...
Locksley Steps Up Mojave Antimony and Rare Earths Push with Drilling, Funding and U.S. Partnerships
Jan 30, 2026
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 h...
Locksley Resources Issues New Shares via Option Conversions, Performance Rights and Service Payments
Jan 23, 2026
Locksley Resources Limited has expanded its issued capital through the conversion of 1,700,000 unlisted options into fully paid ordinary shares at $0.10 per share, the issuance of 4,000,000 shares upon meeting performance hurdles attached to exist...
Locksley Resources Issues Shares for Marketing Services on ASX
Jan 23, 2026
Locksley Resources Limited has issued 1,041,500 new fully paid ordinary shares on the ASX as non-cash consideration to providers of marketing services, reflecting a strategy of using equity to settle certain external vendor costs. The share-based ...
Locksley Resources Seeks ASX Quotation for 5.7 Million New Shares
Jan 23, 2026
Locksley Resources Limited, listed on the ASX under the code LKY, has applied for quotation of an additional 5.7 million fully paid ordinary shares, further expanding its listed equity base. The new securities, issued on 23 January 2026 following ...
Locksley Resources Shareholders Back Ratification of Placement Shares at General Meeting
Jan 22, 2026
Locksley Resources Limited has announced that all resolutions put to shareholders at its 22 January 2026 general meeting were passed on a poll, with strong levels of support recorded. The key items approved were the ratification of a prior issue o...
Locksley Resources Issues New Shares on Option Conversion and Performance Milestones
Jan 9, 2026
Locksley Resources has issued 760,000 fully paid ordinary shares at $0.10 each following the conversion of unlisted options, along with a further 3.5 million fully paid ordinary shares upon the satisfaction of performance hurdles attached to exist...
Locksley Resources Seeks Quotation of 4.26 Million New Shares on ASX
Jan 9, 2026
Locksley Resources Limited has applied to the ASX for quotation of 4,260,000 new fully paid ordinary shares under the ticker LKY, with an issue date of 9 January 2026. The additional securities, arising from the exercise or conversion of existing ...
Locksley Extends High-Grade Silver and Base Metal Corridor at Mojave Project
Jan 5, 2026
Locksley Resources has identified a high-grade mineralised silver corridor within the North Block of its Mojave Project in the United States, delineating a northwest–southeast striking zone that now extends for roughly 3km from the Silver Pr...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.