• Option to acquire 100% of the Iron Duke Copper & Gold Project in New South Wales
• Located near the Tottenham Project, supporting a district scale exploration strategy
• High grade copper & gold, quartz-sulphide system with strong drilling results

Locksley Resources Limited has entered into a binding option agreement to acquire a 100% interest in the Iron Duke Copper & Gold Project, located in New South Wales. The Iron Duke Project is located close to the Company's Tottenham Project within the Cobar District, strengthening Locksley's position in the region and supporting a coordinated district scale exploration opportunity. The project hosts a high-grade copper and gold quartz-sulphide system that remains open along strike and at depth, with multiple untested targets providing clear pathways for resource growth. Historical drilling has returned multiple high-grade intercepts, including 31 m @ 1.13% Cu and 0.96g/t Au, 24 m @ 1.07% Cu and 0.24g/t Au, 24 m @ 1.53% Cu and 1.55g/t Au, and 13 m @ 1.56% Cu and 4.48g/t Au. The acquisition is structured with a modest upfront cost and milestone-based consideration aligned to asset value creation, limiting financial risk while preserving exposure to exploration upside.

Locksley plans to complete due diligence and exercise the option, undertake an initial 2,000m drilling programme, validate historical data and progress toward a JORC resource, and assess development pathways within a broader regional strategy.