Locksley Resources announces high-grade antimony results at Mojave Project

Locksley Resources Limited (ASX:LKY) has announced the discovery of high-grade antimony results at the Mojave Project, California. The company's exploration team has been mobilised to follow-up on the high-grade Desert Antimony Mine results in the North Block at the Mojave Project. The rock chip samples returned as high as 11.2% and 8.33% antimony (Sb), with additional significant copper mineralisation also identified. Locksley Resources completed three surface sampling programs at the Mojave Project over the last 12 months, focusing on rare-earth elements (REE), and the recent review revealed substantial antimony and copper mineralisation.

Executive Commentary on High-Grade Antimony Results

A holistic review of Locksley's Mojave Project highlighted reconnaissance rock-chip sampling at the North Block returned four significant antimony results greater than half a percent including 8.33% & 11.2% Sb, the samples came from a historic antimony mine developed on high-grade quartz-stibnite veining. Given the critical importance of Antimony as a critical mineral and recent tightening of supply with export restrictions from the world's biggest producer (China 32% of world supply) Locksley has mobilised the exploration team to conduct a follow-up sampling program to evaluate the potential of the known antimony mineralisation. The Board look forward to reporting the results of the upcoming Antimony program as soon as practicable.

Summary of High-Grade Antimony Discovery

Locksley Resources' discovery of high-grade antimony at the Mojave Project presents a significant opportunity for the company, especially in light of the global supply restrictions announced by China, the world's biggest producer of antimony. The company's proactive approach in mobilising the exploration team to conduct a follow-up sampling program demonstrates its commitment to evaluating the potential of the known antimony mineralisation. With antimony listed as a critical mineral by the U.S. Department of Interior and its diverse applications in military, energy, industrial, and consumer sectors, Locksley Resources' focus on this mineral presents a strategic move. The outlook for Locksley Resources appears promising as it continues to explore and evaluate the high-grade antimony and copper mineralisation at the Mojave Project, positioning itself in a potentially advantageous position within the global antimony market.