Locksley Resources Limited (ASX: LKY, OTCQX: LKYRF, FSE: X5L) (“Locksley” or “the Company”) is pleased to announce the commencement of diamond drilling at the El Campo Rare Earth Element (REE) Prospect, part of its Mojave Project in California.
The drilling program represents Locksley’s first systematic drill testing of El Campo and is designed to evaluate the scale, continuity and geological characteristics of REE mineralisation identified through historical work and recent surface sampling.
Locksley Resources Technical Director Ian Stockton commented: “Commencing drilling at El Campo marks an important step in advancing the broader rare earth potential of the Mojave Project. The grade of surface mineralisation identified to date provides a strong foundation, and this program will deliver the first subsurface data to assess continuity and inform the project’s development potential.”
📌 Key Highlights:
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Diamond drilling has commenced at the El Campo Rare Earth Element (REE) Prospect,
part of Locksley Resources’ Mojave Project in California -
Maiden program comprises four initial diamond drill holes targeting sheared
carbonatite-hosted REE mineralisation -
Drilling will test the depth and lateral continuity of mineralisation along 900m of strike,
where previous surface sampling returned results of up to 12.1% TREO1 -
El Campo is strategically located ~4 miles southeast of MP Materials’ Mountain Pass REE
Mine, a globally significant REE producer -
Drilling is fully funded and forms part of Locksley’s strategy to advance domestic U.S.
supply of critical minerals, supporting national security and supply chain priorities -
Drilling at El Campo is expected to take 3 weeks with initial assays delivered thereafter
