LKY Confirms El Campo High-Grade Rare Earth Mineralisation
| Stock | Locksley Resources Ltd (LKY.ASX) |
|---|---|
| Release Time | 4 Jun 2026, 9:10 a.m. |
| Price Sensitive | Yes |
Locksley Confirms High-Grade Rare Earth Mineralisation
- Maiden diamond drilling at El Campo confirms high, NdPr-enriched light rare earth element (LREE) mineralisation
- Nd and Pr magnet rare earth oxides represent approximately 25% of TREO in key drill intercepts
- Assay results from Desert Antimony Mine confirm continuity of high-grade stibnite mineralisation
- Results support the interpretation of a possible larger primary carbonatite system at depth
- Ongoing exploration activities focus on refining structural controls and integrating results into targeting plans
Locksley Resources Ltd has reported assay results from its maiden diamond drilling program at the El Campo Rare Earth Element (REE) prospect, confirming high-grade NdPr-enriched light rare earth mineralisation within the Company's Mojave Project in California, USA. The drilling program at El Campo successfully intersected significant REE mineralisation, including a peak value of 6.03% TREO over 0.7m in drill hole ECDD0002. Additionally, assay results from the Desert Antimony Mine confirm continuity of high-grade stibnite mineralisation along strike and below historical underground workings. These results support the interpretation of a possible larger primary carbonatite system at depth and reinforce the exploration potential for Mountain Pass-style LREE-enriched mineralisation at El Campo and across the broader permits. The Company plans to integrate these results into updated 3D geological models to support ongoing targeting and assessment of follow-up drilling opportunities.
Locksley plans to integrate the drilling results into updated 3D geological models to support ongoing targeting and assessment of follow-up drilling opportunities.