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Locksley Resources Limited (ASX:LKY)

ALERT: Price-sensitive ASX Announcement for LKY
Current share price for LKY : $0.055 -0.355 (-86.59%)+
Announcement
Release
28 Oct 2025 9:39AM
Price at Release
$0.410
Full Release
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Summary
Locksley Resources Limited provided a Quarterly Activities Report for the period ending 30 September 2025, highlighting significant advancements in their Mojave Project in California, USA. The company focused on the development of their antimony and rare earth elements (REE) targets, with key milestones achieved such as acquiring a BLM drilling permit and expanding operational and regulatory footprints. The company secured strategic partnerships with various institutions including Rice University and GreenMet for technology advancements and funding. Financially, they completed an oversubscribed placement raising A$5.3 million, bolstering their cash position to over A$7.2 million. Locksley also highlighted the successful casting of the first American-made antimony ingot in decades, underpinning their efforts to restore domestic antimony production in the U.S.
Key Points
  • Locksley Resources advanced the Mojave Project, focusing on antimony and REE targets.
  • Secured BLM drilling permit and expanded strategic footprint in California.
  • Partnerships formed with Rice University, GreenMet, Tribeca, and other entities.
  • Raised A$5.3 million through an oversubscribed placement.
  • Cash position at the end of September quarter was over A$7.2 million.
  • Successfully cast the first American-made antimony ingot in decades.
  • Engaged with U.S. Department of War and EXIM Bank for non-dilutive funding.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.