Exploration Update

• Exploration team mobilised to the Mojave project in the USA.
• First pass field mapping and sampling program completed.
• 178 rockchip and 76 stream sediment samples collected and sent to American Analytical Services (AAS) for rare-earth-elements (REE) as well as a full suite of all other elements.
• Mapped 860m long interpreted prospective horizon associated with the previously sampled high-grade outcropping samples up to 49% TREO.
• Six (6) drill holes have been designed to test the interpreted prospective horizon.

Historic Prospecting Pit Developed on mapped gossan in the south-east of El Campo Claims – US based team member Jim Baughman using a scintillometer to test the radiometric response.

Locksley Resources Limited (ASX:LKY) (“Locksley” or “the Company”) is pleased to announce that the first pass geochemical surface sampling and field mapping program has been successfully completed over the highly prospective rare-earth-elements (REE) project in the Mojave Desert, USA.

The combined Australian and Local US Based field team completed first pass field mapping and surface sampling program on the REE Mojave Project. Initial mapping and surface sampling was conducted within the El Campo claims, previous reconnaissance sampling of the project returned high grade rockchip samples up to 9.49%. Mapping has defined a prospective horizon associated with the elevated REE mineralisation that runs close to parallel and within the claim boundaries.

Locksley Resources Limited Managing Director, Steve Woodham commented:

“The fieldwork confirmed our belief that the project is highly prospective for REEs. I am pleased to report the previous surface disturbance within the EL Campo Prospect, enabled the team to identify an 860m long prospective horizon associated with previous high-grade REE outcropping samples. The outcropping mineralized horizon has been extensively sampled by the Locksley team and submitted for analysis.”

View the full ASX announcement here.