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Locksley Resources' Underground Mapping Reveals Major New Target Boosting High-Grade Antimony Potential at its Mojave Project Desert Antimony Mine

MWN-AI** Summary

Locksley Resources Limited (ASX: LKY; OTCQX: LKYRF/ADR: LKYLY) has made a significant advancement at its Mojave Project's Desert Antimony Mine (DAM) through new underground mapping that has unveiled a promising target zone, referred to as the Beefeater Shear. This shear zone is notable for its width of 10-15 meters and is the result of a detailed Stage III technical review focused on the Northern Block of the project, combining high-resolution underground mapping with regional structural analysis.

Kerrie Matthews, Managing Director and CEO of Locksley, noted that this newly identified Beefeater Shear shares similar structural timing and kinematic characteristics with the mineralized vein systems found to the west of DAM. The insights gained from this mapping exercise are expected to enable targeted sampling and drilling efforts to better assess mineralization and economic viability. Matthews emphasized that understanding the geometry of the mineral system is critical, revealing how high-grade mineralized blocks were formed through subsequent structural events.

The discovery not only unlocks new exploration opportunities but may also enhance the company's broader pipeline of critical mineral projects within the Mojave claims. Locksley is actively pursuing a mine-to-market strategy for antimony, aiming to bolster domestic supply chains for this important material. The company is strategically collaborating with leading U.S. research institutions and industry partners to innovate in processing and separation technologies.

As Locksley Resources moves forward with exploration and sampling, the industry is keenly watching for assay results that could further validate the potential of this newly uncovered target at the Mojave Project and reaffirm the company’s position in the critical minerals sector.

MWN-AI** Analysis

Locksley Resources Limited's recent announcement regarding the discovery of the Beefeater Shear at its Mojave Project positions the company favorably within the critical minerals market, particularly in antimony production. This geological revelation, resulting from thorough underground mapping, presents significant potential for increased high-grade antimony recovery, a metal crucial for various applications, including flame retardants and batteries.

Investors should view this development as a strong signal of potential growth. The Beefeater Shear's dimensions of 10-15 meters, coupled with the geology team's belief in its structural compatibility with existing mineralized zones, indicate promising exploration opportunities. With ongoing advanced underground mapping and validation of radiometric targets, Locksley is effectively enhancing its exploration pipeline.

From a market perspective, the escalating emphasis on critical minerals due to global supply chain vulnerabilities and the transition to green technologies amplifies Locksley’s strategic importance. The U.S. government has been actively encouraging domestic sourcing of these materials, positioning Locksley to potentially benefit from increased demand for antimony in both military and commercial applications.

Moreover, Locksley's mine-to-market strategy reinforces its commitment to building robust domestic supply chains, making it a key player in U.S. critical mineral independence. The partnership with leading U.S. research institutions indicates a forward-thinking approach that combines resource development with innovative processing technologies, enhancing the company's long-term viability.

In summary, investors looking at Locksley Resources should consider the company's recent geological findings, strong strategic direction, and the broader market context surrounding critical minerals. As assay results from further sampling become available, the investment case for Locksley could strengthen significantly. Consequently, monitoring Locksley closely in the coming months may provide considerable upside opportunities in the evolving critical minerals landscape.

**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.

Source: PR Newswire

PR Newswire

SAN BERNARDINO, Calif., Feb. 10, 2026 /PRNewswire/ -- Locksley Resources Limited (ASX: LKY; OTCQX: LKYRF/ADR: LKYLY) announced a major new target zone revealed by underground mapping at its Desert Antimony Mine (DAM), part of the company's Mojave Project.

This notable finding, the Beefeater Shear, is a shear zone corridor mapped at widths of up to 10-15 meters and a result of a comprehensive Stage III technical review focusing on the Northern Block. This included high-resolution underground mapping at the DAM and regional structural analysis. More information can be found here: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-03054294-6A1311088&v=undefined.

"Locksley's geology team considers Beefeater to share the same structural timing and kinematic history as the DAM mineralized vein system to the West," said Kerrie Matthews, Managing Director and CEO of Locksley. She added that these insights along with the validation of project-wide radiometric targets, pave the way for targeted sampling and drilling to confirm mineralization and economic potential. "This allows us to focus on extensions with greater certainty," she said, noting that by mapping the underground workings at DAM the company has essentially "unlocked" the geometry of the system.

"We now see exactly how high-grade, mineralized blocks have been created by later structural events," she affirmed adding the identification of the 10-15 meter Beefeater Shear provides Locksley with a new exploration target that can increase the exploration pipeline of critical mineral projects on the Mojave claims. "We look forward to receiving assays from the various surface and underground sampling," she said.

Locksley Resources (https://www.locksleyresourcescom.au) is focused on critical minerals in the U.S. The company is actively advancing the Mojave Project in California, targeting rare earth elements (REEs) and antimony. Locksley is executing a mine-to-market strategy for antimony, aimed at reestablishing domestic supply chains for critical materials, underpinned by strategic downstream technology partnerships with leading U.S. research institutions and industry partners. This targeted approach, combined with resource development with innovative processing and separation technologies, positions Locksley to play a role in advancing U.S. critical materials independence.

Contact: Beverly Jedynak, beverly.jedynak@viriathus.com, 312-943-1123; 773-350-5793

 

SOURCE Locksley Resources

FAQ**

How does the discovery of the Beefeater Shear at the Mojave Project impact the overall valuation of Locksley Resources Ltd ADR LKYLY and its potential for high-grade antimony production?

The discovery of the Beefeater Shear at the Mojave Project significantly enhances Locksley Resources Ltd ADR (LKYLY) valuation by boosting its potential for high-grade antimony production, attracting investor interest and potentially increasing future revenue and growth prospects.

Considering the identification of the Beefeater Shear, what are the expected next steps for Locksley Resources Ltd ADR LKYLY in terms of targeted sampling and drilling initiatives?

Locksley Resources Ltd ADR LKYLY is expected to conduct targeted sampling to assess mineralization and subsequently initiate drilling initiatives at the Beefeater Shear to delineate and confirm the resource potential identified in preliminary assessments.

What advantages does the “mine-to-market” strategy provide for Locksley Resources Ltd ADR LKYLY in the context of reestablishing domestic supply chains for critical materials?

The "mine-to-market" strategy enables Locksley Resources Ltd ADR LKYLY to enhance control over production processes, reduce dependency on foreign supply chains, improve sustainability, and ensure stable, localized sourcing of critical materials essential for domestic industries.

How will the collaboration with U.S. research institutions and industry partners enhance the exploration and development efforts of Locksley Resources Ltd ADR LKYLY at the Mojave Project?

Collaborating with U.S. research institutions and industry partners will enhance Locksley Resources Ltd ADR LKYLY's Mojave Project by leveraging advanced technologies, expertise, and funding, ultimately accelerating exploration, optimizing resource extraction, and increasing overall project viability.

**MWN-AI FAQ is based on asking OpenAI questions about Locksley Resources Ltd (OTC: LKYRF).

Locksley Resources Ltd

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