Exploration Update
- Successfully completed the acquisition of the Mojave REE Project, enabling prime investment opportunities in the REE sector.
- Mojave Project is adjacent to the high-grade Mountain Pass Mine and Processing Facility owned by MP Materials, the only scaled site of its kind in the Western Hemisphere, delivering approximately 15% of the global rare earth supply1
- Mojave Project has already returned high grade rock-chip results of up to 9.49% TREO2
Locksley Resources Limited successfully acquired 100% of the issued capital of Enigma Strategic Minerals Pty Ltd (“ESM”) which, through its wholly owned subsidiaries, owns 201 mineral claims making up the North Block and South Block of the Mojave Project located in the Mojave Desert, California, USA, along with an additional five (5) mineral claims making up the El Campo Prospect area.
The Mojave Project has potential to host numerous REE deposits, which are indispensable for the functioning of modern society, powering technological innovations and enabling advancements in renewable energy, electronics, and defence systems.
Locksley Resources Limited Managing Director, Steve Woodham commented:
“The successful acquisition of the Mojave Project in the Rare Earth Elements sector is a step forward for the Company, particularly when considering the surging global demand for renewables. The Board looks forward to providing further updates in the coming weeks when assay results have been received.”View the full ASX announcement here.
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