Locksley Resources’ Subsurface Mapping Reveals a Major New Target for Expanding High-Quality Antimony Potential at the Mojave Desert Antimony Mine Project

Locksley Resources Limited (ASX: LKY; OTCQX: LKYRFADR: LKYLY) announced a major new target zone revealed by underground mapping at the Desert Antimony Mine (DAM), part of the company’s Mojave project.

This remarkable discovery, the Beefeater Shear, is a shear zone corridor mapped with a width of up to 10-15 meters and the result of an extensive Phase III engineering assessment focused on the Northern Block. This included high-resolution subsurface mapping at the DAM and regional structural analysis. More information can be found here: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-03054294-6A1311088&v=undefined.

“The Locksley geology team believes that Beefeater shares the same structural timing and kinematic history as the DAM mineralized vein system in the West,” said Kerrie Matthews, Managing Director and CEO of Locksley. She added that these insights, together with the validation of project-wide radiometric targets, pave the way for targeted sampling and drilling to confirm mineralization and economic potential. “This allows us to focus on expansions with greater certainty,” she said, noting that by mapping the underground operations at DAM, the company has essentially “unlocked” the geometry of the system.

“We are now seeing exactly how high-grade, mineralized blocks were created by subsequent structural events,” she confirmed. The identification of the 10-15 meter Beefeater Shear provides Locksley with a new exploration target that could increase the exploration pipeline of key mineral projects based on the Mojave claims. “We look forward to receiving testing from the various surface and subsurface samples,” she said.

Locksley Resources (https://www.locksleyresourcescom.au) focuses on critical minerals in the US. The company is actively advancing the Mojave Project in California, focusing on rare earth elements (REEs) and antimony. Locksley is executing a mine-to-market strategy for antimony focused on restoring domestic supply chains for critical materials, supported by strategic downstream technology partnerships with leading U.S. research institutions and industry partners. This targeted approach, combined with resource development with innovative processing and separation technologies, positions Locksley to play a role in advancing U.S. critical materials independence.

Contact: Beverly Jedynak, beverly.jedynak@viriathus.com, 312-943-1123; 773-350-5793

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SOURCE Locksley Resources