Rio Silver arranges $ 1.3 million private placement

Rio Silver arranges $ 1.3 million private placement

Perth, Australia (ABN NewsWire) – Locksley Resources Limited (ASX: LKY, OTC: LKYRF) (FRA: X5L) (OTCMKTS: LKYRF) is pleased to advise that it is its strategic footprint within the Mojave Critical Caleralses Corridor Claims has expanded.

Highlights

– 249 additional claims, which increases locksley’s strategic footprint to more than 40 square kilometers from very prospective critical mineral land in the Mojave region in California

-New Ground borders the existing term of office of Locksley and borders the MP materials that includes the Mountain Pass Rare Earth Mine, the only producing rare earthy and processing facility in North America

– individual Clault Package is located 3 km north and along the Dateline Resources strike (ASX: DTR) Colosseum Mine, which includes an area with polymetallic and precious metal prospectivity identified from proximal events in USGS geological data sets include

– Extends Locksley’s exploration pipeline about antimony, rees and polymetallic prospects, which strengthens the positioning of the company within the US Critical Minerals Thematic

– Claims were prioritized after geological assessment of historical data sets and the development of insight into regional geology and mineralization potential from continuous geological and structural mapping

-Improved optionality for Locksley’s Mine-to-Market strategy, which includes both power-generating project development and electricity critical mineral processing

These new claims borders to Locksley’s existing home position and boundaries to MP -Materials Landholding, including the Mountain Pass Rare Earth Mine. In addition, the new claims protect extra area that is affected by the recently identified antimony, rare earth elements (Rees) and polymetallic mineralization.

Strategic reasons

The additional claims considerably reinforce the competitive positioning of Locksley within one of the most potential critical minerals regions in the United States. With the demand for antimony and rees that is supported by American security initiatives for Supply Chain, the extensive land ownership Locksley offers a broader platform to promote multiple exploration and development opportunities.

The southeastern claims include the favorable Gneissian geology that houses the Mountain Pass of my and carbonatites. There are considerable regional northern to northwestern striking structures that are clear in the datasets with magnetic geophysics. These violations about the areas that have been used that conceptually have the potential to host routes for roe deer wearing carbonatites and are related to other styles of mineralization.

The northern claims are 3 km directly next to the Dateline Resources Colosseum Gold Project strike. In addition, the USGS -geochemical database indicates that polymetallic and precious metals in the area immediately adjacent those who border the new northern claims. As such, there are several raw material options that are clear within this claim area.

It is important that several of the new claims directly limit the larger cliffpack of the mountain pass, which underlines the strategic significance of Locksley’s footprint within the corridor. This positioning improves the potential for both exploration discovery and long-term commercialization routes, including Downstream processing partnerships in accordance with the priorities of the US government for the resilience of the Supply Chain.

Locksley’s technical director Julian Woodcock, noted:

“This expansion improves our strategic footprint considerably in the Mojave Corridor, a region that is central to the American critical mineral security. With extra land adopts to our existing claims and adjacent to the MP Materials Mountain Pass a larger climbing package, we are exceptionally well positioned about a diversified anti -diversified, we are a diversioned pipeline, Rare earths, other critical minerals and precision metal potential. ”

Claim

Locksley has completed the claim collection activities and the submission process has started. No competing claims have been identified in the burglary areas and Locksley is convinced that the fundamental rights will be confirmed in the assessment process, but the process must be completed until the mineral rights are granted.

Subsequent steps

Locksley will give priority:

– completing registration activities of the new claims with the required federal and government agencies;

– compilation and integration of new geological data from the extensive term of office;

– design of current sediment and rock chip – seminry programs in the area with the intention of being carried out in Q4 2025;

– Systematic exploration aimed at antimony of high priority, deer and polymetallic abnormalities; And

– Promote progress activities in the consolidated claim block to accelerate drill approvals.

*To view tables and numbers, visit:
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About Locksley Resources Limited:

Locksley Resources Limited (ASX: LKY, OTC: LKYRF) (OTCMKTS: LKYRF) (FRA: X5L) is an ASX-Gente Discovery Traveler aimed at critical minerals in the United States of America. The company actively promotes exploration in the Mojave project in California, aimed at Rare Earth Elements (Rees) and Antimoon. Locksley Resources is intended to generate shareholder value through strategic exploration, discovery and development of critical minerals for us

Mojave -Project

The Mojave project is located in the desert of Mojave, California and consists of more than 240 claims in two contiguous prospect areas, namely the North Block-Northeast Block and the EL Campo prospect. The North Block arrives directly on claims from MP materials, while El Campo is one and is covered with the claims of MP materials along the Mountain Pass strike, which emphasizes the strong geological continuity and the exploration potential of the project area.

In addition to rare earths, the Mojave project organizes the historic “desert antimone mine”, which last operated in 1937. Although the United States currently does not have domestic antimony production, the demand for the metal remains high because of its essential role in defense systems, semiconductors and metal alloys. With surface monsters who assess a maximum of 46% SB and silver up to 1,022 g/t AG, the desert mine perspective represents one of the highest known antimony in the US

The North -American position of Locksley is further enhanced by rising geopolitical urgency to diversify supply chains from China, the world leader in both the deer and antimony production. With its first drilling program planned, the Mojave project is uniquely positioned to adapt to the American strategic objectives on critical mineral independence and economic security.


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