Locksley Advances Toward US Antimony Production

Core Insights - Locksley Resources is advancing its Desert Antimony Mine (DAM) Prospect in California, aiming to restore the U.S. antimony supply chain and processing capabilities [1][2] Company Progress - The company is implementing a mine-to-metal supply chain strategy within the U.S., focusing on critical minerals [2][5] - Successful technical steps include achieving a 68.1% concentrate grade and assessing underground workings, which have reduced uncertainties in planning [2][4] Exploration and Development Activities - Development planning for mineral extraction, financing, permitting, and pilot plant operations has been initiated [4] - The company has received interest from U.S. engineering contractors for extraction at the DAM mine [4] - An underground access assessment confirmed structural stability for phased mine development [4] Exploration Targets and Sampling - The exploration target at DAM is estimated to contain between 19,400 to 67,000 tons of antimony metal, based on LiDAR surveying [4] - Recent bulk sampling yielded a high head grade of 7.6% to 7.8% Sb, with flotation tests producing a 68.1% Sb premium concentrate [4] - Ongoing underground mapping and sampling are expected to be completed by late 2025 [4] Future Plans - Drilling operations are planned to commence at the El Campo Prospect in late Q4 2025/early Q1 2026, followed by drilling at DAM [4] - A regional magnetic image interpretation is underway to support further exploration at the Mojave Project, with completion expected by Q1 2026 [4]