Locksley Resources Quarterly Activities Report for Q1 2026
Key points
- Assay results from DAM confirm high-grade antimony mineralisation
- El Campo drilling shows high-grade NdPr-enriched LREE mineralisation
- Research collaboration with Columbia University advances rare earth recovery
- Acquired Iron Duke Copper & Gold Project in New South Wales
- Strong cash position of $14.9M as of 30 June 2026
Full summary
Locksley Resources Limited has reported significant progress in its Mojave Project in California, with encouraging results from maiden diamond drilling programs at the Desert Antimony Mine (DAM) and the El Campo Rare Earth Element (REE) Prospect. The DAM drilling confirmed high-grade antimony mineralisation beneath historical workings, while the El Campo drilling intersected high-grade NdPr-enriched LREE mineralisation. The company also advanced its research collaboration with Columbia University, focusing on rare earth recovery, separation, and metallisation pathways. Additionally, Locksley acquired the Iron Duke Copper & Gold Project in New South Wales, enhancing its position in the Cobar region. The company maintains a strong cash position of $14.9M as of 30 June 2026.
Guidance
Locksley Resources maintains a strong cash position of $14.9M as of 30 June 2026.
Outlook
Locksley Resources is optimistic about the potential of its Mojave Project, with ongoing exploration and research collaborations aimed at advancing its rare earth and antimony projects.
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