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Highlights

  • Locksley formally submits drilling permit for Mojave Antimony and Rare Earths Project to U.S. Bureau of Land Management.

  • Surface assays reveal up to 46% antimony and 1,022 g/t silver, confirming a high-grade mineralised system.

  • LKY shares skyrocket nearly 96% as market reacts positively to strategic permitting milestone and critical minerals potential.

Locksley Resources Limited (ASX:LKY) saw its share price nearly double on Tuesday, jumping almost 96% to 5.3 cents per share, following a major development in its Mojave Antimony and Rare Earths Project in the United States.

The company announced the formal submission of a drilling permit to the U.S. Bureau of Land Management (BLM) for the highly prospective Mojave Project. This key milestone advances Locksley’s strategy to tap into the U.S. domestic supply chain for critical minerals, particularly antimony and rare earths—materials that are essential to defense, energy, and technology industries.

Located just 1.4 kilometres from the Mountain Pass Mine, the only active rare earths mine in the United States, the Mojave Project has attracted attention due to its proximity to key infrastructure and strategic importance. Locksley highlighted that the permitting process is being bolstered by the March 2025 U.S. Executive Order, which aims to accelerate the development of domestic critical mineral resources, giving the project additional tailwinds.

Surface assay results have been particularly encouraging. The company reported antimony grades as high as 46% and silver assays reaching 1,022 grams per tonne (g/t) from samples taken at the Desert Antimony Mine, part of the broader Mojave Project area. Several samples exceeded 17% antimony, underscoring the presence of a high-grade mineralised system. The mineralisation has been traced over 400 metres at surface, with indications that it could extend further under cover.

These results, combined with regulatory momentum and recent federal endorsement of neighbouring projects such as Dateline Resources’ Colosseum Project, underscore the strategic potential of the region and the value of Locksley’s land position.

The company’s next steps include finalising logistics and preparations for drilling operations once permits are granted.