SAN BERNARDINO, Calif., Feb. 23, 2026 - Locksley Resources Limited (ASX: LKY, OTCQX: LKYRF and LKYLY-ADR) has begun diamond drilling at the high-grade Desert Antimony Mine (DAM), part of its Mojave Project in California.
The drilling follows the successful completion of site establishment activities, including essential earthworks and the construction of drill pads. During these preparations, the company conducted detailed surface mapping that yielded critical geological data and confirmed the orientation and continuity of the primary stibnite veins at surface. More information can be found here.
Kerrie Matthews, Managing Director and CEO of Locksley, stated, "The start of drilling at DAM is a key milestone for us. We have strong momentum as we move decisively to unlock a potential asset that can play an important role in reshaping the future of critical minerals supply." She emphasized that the commencement of drilling showcases a robust technical foundation and a focus on high-confidence target areas.
"In parallel to our drilling program, we are also conducting our downstream metallurgical testwork, with representative materials to be supplied to Rice University and the Department of Energy. This collaboration will support pilot-scale processing evaluations and strengthen our strategic positioning within critical mineral supply chains," Matthews added.
Designated as a critical mineral by the U.S. government, antimony has limited current domestic production. The Desert Antimony Mine represents a unique opportunity to establish a primary, high-grade antimony source within the U.S., aligned with national security, defense, and advanced materials supply chains.
Locksley Resources is dedicated to advancing critical minerals in the U.S., particularly through its Mojave Project, which targets rare earth elements (REEs) and antimony. The company's mine-to-market strategy aims to reestablish domestic supply chains for critical materials, supported by strategic partnerships with leading U.S. research institutions and industry partners. This targeted approach, combined with innovative processing and separation technologies, positions Locksley to contribute significantly to U.S. critical materials independence.
For further details, visit Locksley Resources. For inquiries, contact Beverly Jedynak at beverly.jedynak@viriathus.com, phone: 312-943-1123 or cell: 773-350-5793.
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