Locksley To Expand Exploration of Rare Earths Potential in Mojave North Block

Company Overview - Locksley Resources Limited is an Australian-based explorer focused on critical minerals and base metals, with assets in both the United States and Australia [5] - The Mojave Project in California targets rare earth elements (REEs) and antimony, comprising more than 250 claims [5] - The North Block area of the Mojave Project is adjacent to claims held by MP Materials, the only operating rare earths mine in the U.S. [5] Recent Developments - The company announced an expanded geological and structural mapping program within the North Block of the Mojave Project, set to commence later this month [2] - The new mapping program aims to build on knowledge from a recent structural mapping program at the Desert Antimony Prospect and will include regional mapping for REE mineralization [2][4] - The program is expected to provide additional field data that may identify new REE targets for follow-up later in the year [4] Strategic Importance - The mapping target areas complement the established prospect at El Campo, which has high-grade rock chip results of up to 12.1% Total Rare Earth Oxides (TREO) and Neodymium/Praseodymium (Nd/Pr) ratios of up to 3.19% [3] - The recent strategic investments by the U.S. Department of Defense and Apple in MP Materials underscore the importance of critical minerals located within the U.S. [3] - The geopolitical urgency to diversify supply chains away from China enhances the strategic positioning of the Mojave Project in alignment with U.S. objectives for critical mineral independence and economic security [5] Future Plans - The company is planning focused magnetic, radiometric, and gravity surveys to provide high-resolution data sets for target refinement and prioritization [6] - Four priority areas will be mapped, with two focusing on REE potential within the North Block and two targeting extensions from mineralization identified at the Desert Antimony Prospect [6] - The North Block offers significant potential for further polymetallic discoveries across its underexplored 20 square kilometers, expanding the critical minerals footprint of the Mojave Project [6]