Latest news with #LocksleyResources
The Age
17-07-2025
- Business
- The Age
Locksley launches dual drilling campaign near US rare earths giant
Locksley Resources has officially broken ground in the Mojave Desert with its first drill rig now turning on United States soil, and the timing couldn't be sharper. The company today confirmed it has kicked off drilling at its rare earths and antimony-rich Mojave project in California, just as momentum continues to build around the White House's critical minerals agenda. With claims abutting MP Materials' rare earth powerhouse at Mountain Pass and early sample grades up to 46 per cent antimony and 12.1 per cent total rare earth oxides (TREO), Locksley might have fired the starter's pistol on one of the most strategic drilling campaigns in America this year. The program is targeting two separate systems in a single swing, one for rare earths and one for antimony - and both have the potential to plug directly into federally backed initiatives for sovereign supply chain development. The first holes will test the company's El Campo prospect for rare earths over a defined 860-metre strike, while follow-up holes will hone in on the historic Desert antimony mine that's returning up to 1022 grams per tonne (g/t) silver and monster antimony grades at surface. Importantly, all approvals are already in place and drilling is fully funded, following a $1.47 million placement to institutional and sophisticated investors. Locksley is advancing a twin assault on two of the US's most strategically important but under-developed metals, rare earths and antimony. It's a fair bet that not many Australians have heard of the dusty El Campo prospect in the far reaches of California's Mojave Desert, but it's a name that might just be about to find its way onto a very high-powered radar in Washington DC. That's because ASX-listed Locksley Resources is sitting on ground that could position it smack bang in the middle of America's race to rewire its critical mineral supply chain away from China. Locksley is advancing a twin assault on two of the US's most strategically important but under-developed metals, rare earths and antimony. Both are now recognised as critical to US defence and industrial applications, both have zero current domestic mine production and both are found in high grades at Locksley's wholly owned Mojave project in California.
Sydney Morning Herald
17-07-2025
- Business
- Sydney Morning Herald
Locksley launches dual drilling campaign near US rare earths giant
Locksley Resources has officially broken ground in the Mojave Desert with its first drill rig now turning on United States soil, and the timing couldn't be sharper. The company today confirmed it has kicked off drilling at its rare earths and antimony-rich Mojave project in California, just as momentum continues to build around the White House's critical minerals agenda. With claims abutting MP Materials' rare earth powerhouse at Mountain Pass and early sample grades up to 46 per cent antimony and 12.1 per cent total rare earth oxides (TREO), Locksley might have fired the starter's pistol on one of the most strategic drilling campaigns in America this year. The program is targeting two separate systems in a single swing, one for rare earths and one for antimony - and both have the potential to plug directly into federally backed initiatives for sovereign supply chain development. The first holes will test the company's El Campo prospect for rare earths over a defined 860-metre strike, while follow-up holes will hone in on the historic Desert antimony mine that's returning up to 1022 grams per tonne (g/t) silver and monster antimony grades at surface. Importantly, all approvals are already in place and drilling is fully funded, following a $1.47 million placement to institutional and sophisticated investors. Locksley is advancing a twin assault on two of the US's most strategically important but under-developed metals, rare earths and antimony. It's a fair bet that not many Australians have heard of the dusty El Campo prospect in the far reaches of California's Mojave Desert, but it's a name that might just be about to find its way onto a very high-powered radar in Washington DC. That's because ASX-listed Locksley Resources is sitting on ground that could position it smack bang in the middle of America's race to rewire its critical mineral supply chain away from China. Locksley is advancing a twin assault on two of the US's most strategically important but under-developed metals, rare earths and antimony. Both are now recognised as critical to US defence and industrial applications, both have zero current domestic mine production and both are found in high grades at Locksley's wholly owned Mojave project in California.
The Australian
14-07-2025
- Business
- The Australian
LKY receives drilling permit for historic antimony mine
Tylah Tully chats with Locksley Resources (ASX:LKY) technical director Julian Woodcock, after the company received a key permit to drill at the historic Desert Antimony Mine. These permits are a significant milestone for Locksley as it progresses the project. Woodcock also touches on recent high-grade rock chip results and the company's exploration plans including at its nearby rare earth asset. This video was developed in collaboration with Locksley Resources, a Stockhead client at the time of publishing. The interviews and discussions in this video are opinions only and not financial or investment advice. Viewers should obtain independent advice based on their own circumstances before making any financial decisions.
The Age
14-07-2025
- Business
- The Age
Aussie rare earth juniors shine as US dollars flood Mountain Pass
There are moments when policy collides with geology, and when it does, fortunes can shift overnight. Last week, the United States Department of Defence (DoD) took a blowtorch to global critical minerals strategy, inking a transformative agreement with MP Materials to accelerate rare earth magnet independence. And just like that, a cluster of ASX-listed explorers, not just in and around MP's Mountain Pass mine in California, but also those with the potential for critical low-cost rare earth production in other favourable locations, find themselves thrust into the geopolitical spotlight. Locksley Resources, Dateline Resources, Bayan Mining and Minerals, Viridis Mining and Minerals, Eclipse Metals and Red Metal might not be household names. But each holds a piece of ground that now looks an awful lot more valuable, simply because of where it is and what it could become. Welcome to the new world of critical mineral real estate, where the Pentagon is your neighbour and proximity might be among the best commodities of all. The MP deal is a monster. It will see the DoD become MP Materials' biggest shareholder, underwrite a 10-year offtake agreement for rare earth magnets and bankroll building a second US processing facility. It's not just about shovels and ore - this is industrial policy at full throttle. The goal? Break China's grip on the global magnet supply chain and resurrect a wholly American capability from mine to magnet. And at the centre of it all is MP's Mountain Pass - the only operational rare earths mine in the US. 'This is the most assertive US industrial policy move since the global financial crisis...' Locksley Resources managing director Nathan Lude Zoom out just a few kilometres and you'll find ASX-listed Locksley Resources with its El Campo project sitting neatly along strike from Mountain Pass. Its tenements are surrounded on all sides by MP's holdings. It has rock chip samples grading up to 12.1 per cent total rare earth oxides and 3.19 per cent neodymium-praseodymium (NdPr). MP Materials even tried to muscle in - unsuccessfully challenging Locksley's title with the Bureau of Land Management. The bureau sided with the junior, and now drilling permits are in hand with rigs set to roll in September. According to Locksley managing director Nathan Lude, the significance of the MP deal could not be greater: ' This is the most assertive US industrial policy move since the global financial crisis, and it places Locksley in a unique position to benefit from this strategic realignment. With two fully permitted projects in California, including our El Campo rare earths and Desert antimony assets, we are focused on advancing our multi-commodity, critical minerals drilling programs in the next eight weeks and truly look forward to the opportunity ahead for our investors.' Notably, as well as its El Campo project, Locksley holds the Desert antimony mine, historically mined in the 1930s. With surface samples returning up to 46 per cent antimony and approvals now locked in, the project adds a critical minerals angle the US government might just find hard to ignore. After all, antimony imports currently account for more than 80 per cent of US demand with most of it coming from China. Another neighbour is Dateline Resources, the owner of the Colosseum project, just 10km from Mountain Pass. Historically explored for gold, Colosseum holds a 27.1 million tonne JORC-compliant gold resource at 1.26 grams per tonne (g/t) - a glittering prize in its own right.
Sydney Morning Herald
14-07-2025
- Business
- Sydney Morning Herald
Aussie rare earth juniors shine as US dollars flood Mountain Pass
There are moments when policy collides with geology, and when it does, fortunes can shift overnight. Last week, the United States Department of Defence (DoD) took a blowtorch to global critical minerals strategy, inking a transformative agreement with MP Materials to accelerate rare earth magnet independence. And just like that, a cluster of ASX-listed explorers, not just in and around MP's Mountain Pass mine in California, but also those with the potential for critical low-cost rare earth production in other favourable locations, find themselves thrust into the geopolitical spotlight. Locksley Resources, Dateline Resources, Bayan Mining and Minerals, Viridis Mining and Minerals, Eclipse Metals and Red Metal might not be household names. But each holds a piece of ground that now looks an awful lot more valuable, simply because of where it is and what it could become. Welcome to the new world of critical mineral real estate, where the Pentagon is your neighbour and proximity might be among the best commodities of all. The MP deal is a monster. It will see the DoD become MP Materials' biggest shareholder, underwrite a 10-year offtake agreement for rare earth magnets and bankroll building a second US processing facility. It's not just about shovels and ore - this is industrial policy at full throttle. The goal? Break China's grip on the global magnet supply chain and resurrect a wholly American capability from mine to magnet. And at the centre of it all is MP's Mountain Pass - the only operational rare earths mine in the US. 'This is the most assertive US industrial policy move since the global financial crisis...' Locksley Resources managing director Nathan Lude Zoom out just a few kilometres and you'll find ASX-listed Locksley Resources with its El Campo project sitting neatly along strike from Mountain Pass. Its tenements are surrounded on all sides by MP's holdings. It has rock chip samples grading up to 12.1 per cent total rare earth oxides and 3.19 per cent neodymium-praseodymium (NdPr). MP Materials even tried to muscle in - unsuccessfully challenging Locksley's title with the Bureau of Land Management. The bureau sided with the junior, and now drilling permits are in hand with rigs set to roll in September. According to Locksley managing director Nathan Lude, the significance of the MP deal could not be greater: ' This is the most assertive US industrial policy move since the global financial crisis, and it places Locksley in a unique position to benefit from this strategic realignment. With two fully permitted projects in California, including our El Campo rare earths and Desert antimony assets, we are focused on advancing our multi-commodity, critical minerals drilling programs in the next eight weeks and truly look forward to the opportunity ahead for our investors.' Notably, as well as its El Campo project, Locksley holds the Desert antimony mine, historically mined in the 1930s. With surface samples returning up to 46 per cent antimony and approvals now locked in, the project adds a critical minerals angle the US government might just find hard to ignore. After all, antimony imports currently account for more than 80 per cent of US demand with most of it coming from China. Another neighbour is Dateline Resources, the owner of the Colosseum project, just 10km from Mountain Pass. Historically explored for gold, Colosseum holds a 27.1 million tonne JORC-compliant gold resource at 1.26 grams per tonne (g/t) - a glittering prize in its own right.
