• Activities have commenced for Locksley's maiden drilling campaign at the El Campo Rare Earths Prospect
• The required reclamation bond for the Desert Antimony Mine (DAM) has been accepted, triggering full approval for the expanded drilling program
• Back-to-back drilling programs ensure a continuous flow of exploration news and data through Q1 and Q2, 2026

Locksley Resources Ltd (ASX: LKY, OTCQX: LKYRF, FSE: X5L) has provided a significant operational update for its Mojave Project in California, confirming that the project has now transitioned into the drilling program phase. Earthworks contractors have mobilized to the El Campo Rare Earths Prospect to begin drill site preparations, marking the formal commencement of the Company's maiden five drillhole diamond drilling program. This campaign is designed to test the down-dip continuity of the high-grade REE-bearing breccia zones and shear structures mapped and sampled at surface. Locksley is also pleased to announce the acceptance of the required reclamation bond by the U.S. Bureau of Land Management (BLM) for the Desert Antimony Mine (DAM), which was the final condition precedent for the expanded Plan of Operations (POO). With the bond now in place, the DAM diamond drilling program is now fully permitted and ready for execution for up to 16 drill holes. To maximize efficiency and reduce mobilization costs, the Company has structured a sequential drilling campaign where the diamond drill rig at El Campo will mobilize directly to the DAM prospect upon completion of the REE program. This ensures a continuous flow of exploration news and data through Q1 and Q2, 2026, testing the high-grade potential of both strategic commodities.

The back-to-back drilling programs at El Campo and the Desert Antimony Mine will ensure a continuous flow of exploration news and data through Q1 and Q2, 2026, testing the high-grade potential of both rare earth elements and antimony.