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| Mojave Antimony and Rare earth elements project |
Locksley Resources Targets Critical Mineral Independence with Mojave Project
Locksley Resources (ASX: LKY) recently partnered with Washington, DC-based advisory firm GreenMet to accelerate its Mojave antimony and rare earth elements project in California. This collaboration aims to integrate the project into major US government initiatives such as the Defense Production Act and the Inflation Reduction Act. Consequently, Locksley seeks to establish the first fully domestic antimony supply chain amid increasing geopolitical supply risks.
Mojave Project’s Strategic Location and High-Grade Resources
Located adjacent to MP Materials’ Mountain Pass rare earth mine, the Mojave project hosts the Desert antimony prospect with historic samples grading up to 46% antimony. Additionally, the El Campo rare earth prospect shows assays of 12.1% total rare earth oxides. This geographic and geological positioning offers significant advantages for securing critical minerals crucial for military, battery, and semiconductor applications within the US.
Funding and Research Alliances to Support Supply Chain Development
Locksley secured $6 million from a heavily oversubscribed placement to fund expanded drilling programs approved by the Bureau of Land Management. Furthermore, the company forged a research partnership with Rice University in Houston to pioneer antimony processing and advanced materials research domestically. Therefore, Locksley is poised to lead US efforts to reduce reliance on foreign antimony, predominantly supplied by China and Russia.
ScrapInsight Commentary
Locksley Resources’ strategic alliances mark a vital step toward reshoring critical antimony supply chains in the US. The company’s progress aligns with increasing policy focus on mineral independence amid global supply disruptions. As exploration advances, antimony pricing may experience upward pressure, highlighting the importance of domestic processing capabilities for long-term supply security.
