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 – LKYRF

-1.16%

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-1.16% News Effect

On the day this news was published, LKYRF declined 1.16%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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.