Underground Mapping Reveals Major New Target at Mojave

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Stock Locksley Resources Ltd (LKY.ASX)
Release Time 9 Feb 2026, 9:36 a.m.
Price Sensitive Yes
 Underground Mapping Reveals Major New Target at Mojave
Key Points
  • Identification of the Beefeater Shear, a major 10-15m wide North-South corridor with potential for new antimony discoveries
  • Detailed underground mapping at the Desert Antimony Mine confirmed the geometry of the stibnite veins and offsetting structures
  • Mapping identified new DAM-type shear zones immediately south of Hendricks, associated with intense alteration and quartz-calcite veins
Full Summary

Locksley Resources Limited has announced exciting new exploration targets identified at the Desert Antimony Mine (DAM) within its Mojave Project in California, USA. A notable finding is the Beefeater Shear, a shear zone corridor mapped at widths of up to 10-15 metres, which the company's geology team considers to share the same structural timing and kinematic history as the DAM mineralised vein system to the West. This new target increases the exploration pipeline of critical mineral projects on the Mojave claims. The company also conducted detailed structural mapping of the historic underground workings at the DAM deposit, which has provided a more robust understanding of the geological complexity regarding the continuity of high-grade antimony veins. The mapping identified a series of younger, discrete East-West striking shears that crosscut and displace the primary North-South mineralised veins, explaining why high-grade zones appear to terminate abruptly in certain areas. These structural insights will be a primary driver for drill planning and expected rapid resource growth as the extent of the mineralised system is defined. Additionally, mapping south of Hendricks has delineated previously unrecognised shear zones and quartz-dominated shear-breccia veins sharing the same geological 'fingerprint' as those at the high-grade DAM, suggesting the mineral system in the Northern Block may be far more extensive than previously recognised.

Outlook

The company plans to optimise drill hole planning for the current drill program at DAM following the identification of newly mapped East-West faults and shears, receive assays for surface and underground sampling, commence systematic rock chip and soil sampling along the Beefeater Shear, and evaluate a future diamond drilling program.