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Locksley Resources Limited (ASX: LKY) has secured AU$1.47 million through a well-supported capital raise to fund exploration at its Mojave Project in California, USA. The campaign, now fully financed, targets critical minerals including Rare Earth Elements (REEs) and antimony. Drilling is set to commence in the September 2025 quarter, contingent on regulatory approvals, with six reverse circulation (RC) drill holes planned at the El Campo Prospect (TREO up to 12.1%) and three RC holes at the Desert Antimony Mine (Sb up to 46%). The initiative also includes detailed mapping, rock chip sampling, and petrological studies to support future metallurgical work. Positioned near one of the world’s highest-grade REE mines, the Mojave Project spans 20.94 km² and is a cornerstone of Locksley's dual focus across Australia and the U.S. This strategic move aims to unlock significant critical minerals potential and enhance shareholder value
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
