Locksley Uncovers 46% Antimony at Mojave as US Permitting Speeds Up
Locksley Resources reports exceptional antimony and silver assays at its Mojave Project, while new mineralised zones emerge at Tottenham. Regulatory shifts in the US could accelerate Mojave’s permitting timeline.
- High-grade rock chip assays at Mojave: up to 46% antimony and 1,022 g/t silver
- US Executive Order may fast-track Mojave Project permitting and reduce costs
- New DHEM survey identifies potential third mineralised copper zone at Tottenham
- Tottenham’s inferred resource stands at 9.86Mt grading 0.72% copper
- Cash position stable at approximately AUD 1.47 million with $121k exploration spend
Mojave Project: Exceptional Assays and Regulatory Momentum
Locksley Resources Limited (ASX: LKY) has delivered a compelling update for the March 2025 quarter, highlighted by outstanding rock chip assay results from its Mojave Project in California. Samples returned antimony grades as high as 46% and silver concentrations reaching 1,022 grams per tonne, underscoring the project's potential as a significant source of critical minerals.
These results come at a pivotal time, as a recent U.S. Executive Order aims to expedite permitting for critical mineral projects. Locksley is actively engaging with the Bureau of Land Management (BLM) to leverage this policy shift, which could shorten the traditionally 12-month Environmental Assessment process and unlock federal funding avenues under the Defence Production Act. The involvement of the National Energy Dominance Council (NEDC) further signals strong governmental support for advancing Mojave.
Tottenham Project: New Exploration Targets and Resource Optimisation
Meanwhile, in New South Wales, Australia, Locksley’s Tottenham Copper-Gold Project continues to show promise. A recent Downhole Electromagnetic (DHEM) survey has identified strong off-hole conductors in drillholes TORC024 and TORC029, suggesting a potential third mineralised copper ribbon beyond the existing Mount Royal – Orange Plains resource.
This new target aligns with a magnetic anomaly, offering significant upside for resource expansion. The current JORC-compliant inferred resource at Tottenham stands at 9.86 million tonnes grading 0.72% copper, 0.22 grams per tonne gold, and 2 grams per tonne silver. The company is progressing studies to optimise the copper oxide resource model and exploring metallurgical test work to assess heap leaching potential, setting the stage for future drilling campaigns targeting additional prospects such as Carolina and Jimmy Woodser.
Financial Position and Next Steps
Financially, Locksley ended the quarter with approximately AUD 1.47 million in cash, following exploration expenditure of $121,000 focused on Mojave fieldwork and Tottenham optimisation studies. Related party payments, including directors’ fees, totalled $86,311. The company did not report any mining production or development activities during the quarter, reflecting its current focus on exploration and permitting.
Looking ahead, Locksley plans to submit its Plan of Operations for drilling at Mojave to the BLM, engage further with the NEDC to accelerate permitting, and evaluate funding opportunities under the Defence Production Act. At Tottenham, the company aims to refine resource models and metallurgical processes while preparing for targeted drilling at promising prospects.
With regulatory tailwinds in the US and promising exploration results in both hemispheres, Locksley Resources is positioning itself as a noteworthy player in critical minerals and base metals markets.
Bottom Line?
As regulatory reforms and exploration breakthroughs converge, Locksley’s next moves could reshape its growth trajectory.
Questions in the middle?
- How quickly will the U.S. Executive Order translate into accelerated permitting for Mojave?
- What are the implications of the new mineralised zone at Tottenham for the project’s overall resource potential?
- Will Locksley pursue additional funding to support upcoming drilling and development activities?
