Highlights
– Locksley aims to strengthen the commercial paths for the DEEPSolv (TM) processing method, by entering into a non-binding heads of agreement with EV Resources Limited (EVR) to buy EVR’s antimony material through an ERT Sales Agreement
– Availability of third -party material is an important element for the development of DeepSolv (TM) and access to the USD $ 1 billion+ domestic American antimony market
– Senes and diversifies ore feed material that is available for processing development and electricity validation carried out by Rice University on the DeepSolv (TM) product
– enables Locksley to integrate both domestic ore ore from Mojave and extra North -American stock into US Refining, which accelerates the availability of critical materials
– Access to multiple ore supplies is a supplement to the development of the desert antimoon mine at Mojave and promotes Locksley’s strategy to offer domestic safety of the US Antimony Supply required for Defense Security
-will offer priority access to antimone stitch samples from EV Resources’ Los Lirios activities for Rice University Deepsolv (TM) testing work, which promotes a diversified and resilient North American supply chain
– Consider successfully on Locksley and EVR about a binding sales agreement for Antimoonts and subjected to EVR shareholder approval, Lockksley will make a strategic investment of a $ 0.75 million in EV Resources Limited (ASX: EVR)
Strategic Reason: Deepsolv (TM) Processing path
Securing EVR population OWTS will support the power of Locksley to speed up the use of DEEPSolV (TM), its own solvometallurgical process developed with Rice University, by providing extra stable and various raw material stock. This reinforces the position of the company:
– Give immediately favored ore facility as a supplement to Mojave -erts and bridges the American requirements until the domestic mining starts
– Validate the DEPSolv (TM) process over multiple ore types, thereby guaranteeing resilience and efficiency in power -reducing refining
– Secure material from third parties as an important element for determining the DEPSolv scale (TM) and access to the USD $ 1 billion+ domestic American antimony market
-Production of the antimony products from Defense and Energetic Quality for American applications
-Tone the US stakeholders of the US government the practical delivery of non-Chinese raw material by advanced processing in the US
– position Locksley as a leading partner in reforming North – American supply chains for critical minerals
Strategic Locksley Investment and Ori Sales Agreement
Lky and EVR have entered into a non-binding heads of agreement. Contingent on LKY and EVR who enter into a binding ore sales agreement, and subject to EVR shareholders approval,
Lky will make a strategic investment of a $ 0.75 million. This agreement offers a framework for EVR to deliver antimone concentrate from its Los Lirios operations to Locksley, with the following important points:
– Purpose: the agreement describes the non-binding commercial framework, including EVR and LKY, to work together to set up a strategic relationship for material testing and production and value creation.
– Testing and validation: EVR sends representative samples from ore to Locksley’s refining facility to test and confirm ore properties and the viability of the processing.
– Path to binding agreement: The parties will try to enter into a binding ore sale agreement that will explain the commercial framework for a long -term supply partner, with an initial focus on purchasing electricity -reduction studies.
– Mutual strategic advantage: the collaboration protects a potential long-term customer for EVR concentrate, while the access of Locksley to a safe supply of antimony is strengthened for its own refining technology.
Pat Burke, chairman of Locksley Resources, said:
“This agreement may reinforce our mine-to-market strategy by supplementing our Mojave development with additional concentrate offering from EVR. By protecting the Nearshore raw material in addition to our rapidly followed mining plans in California, Locksley will be well positioned to accelerate the American returns to the Binnenlande Antimony-Occupation. Antimoon facility for the United States.
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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