Locksley Resources is advancing the Mojave project in California, which hosts both a historic Desert antimony mine and the El Campo rare earths prospect. The project spans 250 claims and lies adjacent to MP Minerals’ Mountain Pass rare earths mine. Early sampling returned high-grade results, including rock chips up to 46% antimony and more than 1 kg/t silver at the Desert antimony mine, and up to 12.1% TREO and 3.19% NdPr at El Campo. The company has secured drilling approvals and expects rigs to mobilise at the end of the month, with expanded Bureau of Land Management approvals expected by September to unlock a broader drilling campaign. With a heavily oversubscribed $5.3 million institutional capital raise that attracted several Australian funds and professional investors, Locksley plans an expanded drill program, metallurgical test work and a maiden JORC exploration target. Tribeca Capital has been appointed as a strategic advisor to support commercialisation and introduce strategic collaborators, government bodies and downstream technology groups.

Total raised

$5M

Funding rounds

1

Latest round

Equity

Latest activity

Aug 2025