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Highlights
- Locksley Resources advances rare earth exploration near key US mining hub
- Regulatory engagement positions Mojave project for government backing
- Strong surface samples highlight antimony and REE potential
Locksley Resources (ASX:LKY) is moving forward with its Mojave project in California, aiming to tap into growing US demand for locally sourced critical minerals. Strategically located just 1.4 kilometres from the country’s sole rare earths producer—Mountain Pass—the Mojave project is gaining attention not only for its geology but also for its potential alignment with evolving US policy on domestic resource development.
The momentum behind Locksley’s exploration has grown following federal endorsement of Dateline Resources’ (ASX:DTR) nearby Colosseum project. This precedent has encouraged Locksley to seek similar regulatory alignment, viewing its location and geology as equally promising. With recent US executive actions encouraging increased domestic mineral production, including orders issued under the Biden administration, the company believes its project could benefit from future federal engagement.
Locksley has initiated formal discussions with US authorities and has submitted an application to the Bureau of Land Management (BLM) for a drilling permit. The BLM has confirmed that environmental assessments will begin, avoiding potential delays of up to 12 months and keeping the project’s timeline intact.
The company is focused on expanding known mineralisation zones, with early surface mapping revealing an 860-metre mineralised horizon. Recent field samples returned antimony concentrations exceeding 17%, indicating a high-grade system. The El Campo prospect within the project area has also demonstrated strong rare earth element potential, with assays showing up to 12.1% total rare earth oxides and 3.19% neodymium-praseodymium—both vital for applications in electronics and renewable technologies.
Mojave’s potential positions Locksley as a noteworthy player among emerging explorers on the ASX. For investors exploring growth-focused explorers alongside ASX dividend stocks, this type of development-stage company offers a different exposure to the broader market.
As interest in critical minerals escalates across global markets, projects like Mojave are gaining relevance within the strategic frameworks of major economies. Its proximity to Mountain Pass and parallels with already-endorsed projects could offer an edge as regulatory pathways continue to evolve.
Locksley’s presence also intersects with the ASX200 narrative, as resource stocks contribute significantly to the index’s dynamics, especially in sectors like critical minerals, where future supply chains are becoming a national priority.
