Locksley Resources receives drilling approvals for El Campo 'lode'

Locksley Resources Limited (ASX: $LKY) has received approvals to proceed with drilling at El Campo to follow-up the high-grade rare earth mineralization discovered on the El Campo Block. The Company also completed the follow-up stream sediment sampling program within the North Claim Block - Mojave Project, CA. The Mojave Project is immediately adjacent to the Mountain Pass REE Mine, the only operating REE mine in the US.

Executive Commentary on Exploration Update

With the receipt of the drill program approvals from the BLM for the El Campo Prospect, the Company is pleased to be able to follow-up on the sampling program which previously identified a prospective zone that continues for over 800 metres, including a rock chip assay of over 12% TREO. The Company intends to mobilise a field team and drill rig to the El Campo Prospect as soon as practicable to execute the drilling program. Furthermore, the previous stream sediment and rock chip sampling in the North Block Claim are indicative of the REE potential of the Mojave Project as a whole, such that the Company has now increased its land holdings in this area by 5.7 km2. Additional surface sampling and mapping activities are being planned to explore this newly acquired area, as well as the yet to be explored South Block Claim. The Company remains well funded to commence further work and the Board look forward to informing the market closer to the commencement of drilling.

Summary of Locksley Resources' Exploration Update

Locksley Resources Limited (ASX: $LKY) has received drilling approvals for the El Campo 'lode' and completed the follow-up stream sediment sampling program within the North Claim Block - Mojave Project, CA. The Company intends to mobilise a field team and drill rig to the El Campo Prospect as soon as practicable to execute the drilling program. Additionally, the Company has increased its land holdings in the area by 5.7 km2, indicating confidence in the REE potential of the Mojave Project. Locksley Resources aims to build shareholder wealth through the discovery and development of mineral deposits across various Australian and USA projects, including the Tottenham Project and Mojave Project. The Mojave Project is positioned next to one of the highest-grade REE mines in the world and has returned high-grade TREO rock-chip results of up to 9.49%. The Company remains well funded to commence further work and is looking forward to informing the market closer to the commencement of drilling.