Locksley Confirms Continuous High Grade Mineralized Silver Corridor at its Mojave Project in California

Rhea-AI Summary

Locksley Resources (OTCQX:LKYRF / OTC:LKYLY / ASX:LKY) reported confirmation of a continuous, high-grade silver corridor at its Mojave Project in California after surface reconnaissance and rock-chip sampling across the North Block. The company said the mineralized trend now measures 3 km and returned surface assays up to 409 g/t silver and 1.5% copper, extending known high-grade mineralization beyond the initial discovery. Management described the result as an advancement of its exploration strategy and complementary to its antimony and critical-minerals focus, with a staged exploration program planned to further evaluate the opportunity.

Positive

• 3 km continuous mineralized trend identified
• Surface assays up to 409 g/t Ag
• Surface assays up to 1.5% Cu
• Discovery strengthens geological model for Mojave Project

Negative

• None.

News Market Reaction – LKYLY

+25.82%

1 alert

+25.82% News Effect

On the day this news was published, LKYLY gained 25.82%, reflecting a significant positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Mineralized trend length: 3km Silver grade: 409 g/t Copper grade: 1.5%

3 metrics

Mineralized trend length 3km Defined surface mineralized trend at Mojave North Block

Silver grade 409 g/t Maximum reported surface rock chip result for silver

Copper grade 1.5% Maximum reported surface rock chip result for copper

Market Reality Check

Price: $2.37 Vol: Volume 100 is below the 2...

low vol

$2.37 Last Close

Volume Volume 100 is below the 20-day average of 515, indicating relatively light trading ahead of this update. low

Technical Price at 2.75 is trading below the 200-day MA of 2.89, suggesting a weaker longer-term trend pre-announcement.

Peers on Argus

No peer stocks in the provided universe showed momentum flags or same-day headli...

No peer stocks in the provided universe showed momentum flags or same-day headlines, indicating this update appears company-specific rather than a sector-wide move.

Market Pulse Summary

The stock surged +25.8% in the session following this news. A strong positive reaction aligns with t...

Analysis

The stock surged +25.8% in the session following this news. A strong positive reaction aligns with the confirmation of a continuous high-grade silver corridor and surface results up to 409 g/t silver and 1.5% copper. With the stock trading below its 200-day MA of 2.89 before the news and light pre-news volume of 100 shares, any sharp upside move could reflect reassessment of exploration potential, though sustainability would depend on follow-up drilling and future project de-risking.

Key Terms

g/t, rare earth elements, antimony, critical minerals, +1 more

5 terms

g/t technical

"surface results of up to 409 g/t silver and 1.5% copper"

g/t stands for grams per tonne, a measure of how many grams of a metal—most often gold or other precious metals—are contained in one metric tonne of rock or ore. Investors use it to judge how “rich” a mineral deposit is: higher g/t means more metal per amount of material to process, which can make mining cheaper and projects more likely to be profitable—like measuring teaspoons of sugar per cake to gauge sweetness value.

rare earth elements medical

"targeting rare earth elements (REEs) and antimony"

Rare earth elements are a set of 17 chemical metals used to make powerful magnets, batteries, catalysts and many tiny components inside electronics, renewable energy equipment and defense systems. They matter to investors because they are essential inputs for fast‑growing industries, and limited or concentrated supply can drive prices, create production bottlenecks or shift competitive advantage — like a factory running short of a specialized ingredient that halts output and affects profits.

antimony medical

"core antimony development strategy and gives us exposure as a diversified U.S."

Antimony is a metallic element used as an ingredient in alloys, flame retardants, batteries and some electronic components; think of it as a small but critical hardware part that improves strength, safety and performance in manufactured goods. Investors care because changes in supply, mining output or industrial demand can shift its price and affect companies that mine, process or rely on it—similar to how a shortage of a car part can slow auto production and raise costs.

critical minerals technical

"focused on critical minerals in the U.S."

Materials needed to build modern technologies—like batteries, electronics, renewable energy systems and defense equipment—that have few easy substitutes and often come from a small number of countries or mines. Investors care because their supply can be disrupted, expensive or slow to increase, which affects the cost, availability and growth prospects of companies and industries that rely on them; think of them as critical spare parts for the global economy.

mine-to-market technical

"Locksley is executing a mine-to-market strategy for antimony"

Mine-to-market describes a company’s control over the entire path a mineral or metal takes from extraction to final sale, including mining, processing, logistics and sometimes marketing. For investors this signals how much of the value chain the company owns: tighter control can boost profit margins and pricing power like a farm that also runs its own grocery store, but it also means higher upfront costs, operational complexity and greater exposure to swings in demand and commodity prices.

AI-generated analysis. Not financial advice.

SAN BERNARDINO, Calif., Jan. 6, 2026 /PRNewswire/ -- Locksley Resources (ASX: LKY; OTCQX: LKYRF and LKYLY) announced it has confirmed a continuous, high grade mineralized silver corridor at its Mojave Project in California following extensive surface reconnaissance and rock chip sampling across the North Block. The results materially extend known mineralization beyond the initial high grade silver discovery and strengthen the geological understanding of the project area. Specifics can be found here: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-03043548-6A1306070&v=undefined. The discovery represents an important advancement in the Company's exploration strategy and identifies a new, potentially high-value component of the Mojave Project.

Kerrie Matthews, Managing Director and CEO said, "Defining a 3km mineralized trend with surface results of up to 409 g/t silver and 1.5% copper is a highly encouraging outcome. This discovery complements our core antimony development strategy and gives us exposure as a diversified U.S. critical minerals company." She added that the company is expected to advance this opportunity with a staged exploration program.

Locksley Resources (https://www.locksleyresources.com.au) is focused on critical minerals in the U.S. The company is actively advancing the Mojave Project in California, targeting rare earth elements (REEs) and antimony. Locksley is executing a mine-to-market strategy for antimony, aimed at reestablishing domestic supply chains for critical materials, underpinned by strategic downstream technology partnerships with leading U.S. research institutions and industry partners. This targeted approach, combined with resource development with innovative processing and separation technologies, positions Locksley to play a role in advancing U.S. critical materials independence.

Contact: Beverly Jedynak, beverly.jedynak@viriathus.com, 312-943-1123; 773-350-5793 (cell)

View original content:https://www.prnewswire.com/news-releases/locksley-confirms-continuous-high-grade-mineralized-silver-corridor-at-its-mojave-project-in-california-302653895.html

SOURCE Locksley Resources

FAQ

What did Locksley (LKYLY) announce about the Mojave Project on January 6, 2026?

Locksley confirmed a continuous 3 km high-grade silver corridor at Mojave after surface reconnaissance and rock-chip sampling.

How high were the assay results reported by Locksley at Mojave (LKYLY)?

The company reported surface results up to 409 g/t silver and 1.5% copper.

Does the Locksley (LKYLY) announcement say it will follow up the Mojave discovery with more work?

Yes; management said the company expects to advance the target with a staged exploration program.

How does the Mojave silver corridor discovery affect Locksley's (LKYLY) strategy?

The discovery was described as complementing Locksley's antimony development and critical minerals focus in the U.S.

Which company symbols correspond to Locksley Resources mentioned in the announcement?

Locksley trades as ASX: LKY, OTCQX: LKYRF, and OTC: LKYLY.