To the south, its El Campo rare earths prospect lies in a geological sweet spot and is completely surrounded by MP Minerals’ grounds. Early sampling at site has already thrown up some head-turning rock chips, delivering rare earth riches of up to 12.1 per cent total rare earth oxides (TREO) and 3.19 per cent neodymium-praseodymium.
With drilling approvals already secured and the rigs expected to roll at the end of the month, Locksley’s real estate is primed to slot straight into Washington’s plan to rebuild its sovereign supply chains.
And the timing couldn’t be better.
The US government has ramped up its funding to reduce reliance on foreign supplies, with antimony now squarely in the spotlight due to its critical role in defence systems, semiconductors and battery tech.
With the ink still drying on its latest institutional raise – which attracted several Australian funds and professional investors – Locksley is ready to hit the ground hard with an expanded drill program, metallurgical test work and maiden JORC exploration target.
The company expects US Bureau of Land Management (BLM) approvals for its expanded plan of operations by September, unlocking a drilling campaign that’s expected to start shortly thereafter.
With its foot on high-grade ground, a full war chest and Tribeca now in the tent, Locksley is gearing up to potentially become a cornerstone of America’s next-generation metals supply chain.
Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au
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