#Australia #New South Wales #Locksley Resources #Iron Duke Project #Tottenham District

Locksley Resources Acquires Iron Duke Copper Gold Project

Locksley Resources Limited, listed on the ASX under the ticker LKY and OTCQX as LKYRF, has recently made headlines by announcing its acquisition of a 100% interest in the Iron Duke Copper Gold Project. This pivotal project is located in New South Wales, Australia, and represents a significant addition to Locksley's strategic portfolio within the region.

The acquisition agreement with Balmain Minerals Pty Ltd., which is a wholly owned subsidiary of Sky Metals Limited (ASX: SKY), encompasses Exploration Licenses that cover 65 units in the vicinity. This new addition not only enhances Locksley’s portfolio but also strengthens its existing operations in the Tottenham District, where the company already manages the Tottenham Project.

Ian Stockton, the technical director of Locksley Resources, emphasized the strategic advantages of this acquisition. He noted that Iron Duke is situated a mere 15 kilometers from the Tottenham Project, offering significant synergies in terms of operational and geological aspects. This proximity opens up opportunities for shared targeting strategies and coordinated development pathways.

Stockton also pointed out that the Iron Duke Project features a high-grade copper and gold system, which remains open along strike and at depth. The exploration potential is vast, with multiple untested targets expected to facilitate substantial resource growth. As the company continues its exploration efforts, it aims to unlock the full potential of this promising project.

While the Iron Duke Project is now a key focus, Locksley Resources has not sidelined its primary endeavors. The Mojave Project in California remains at the forefront of the company’s strategic operations, concentrating on critical materials, including rare earth elements (REEs) and antimony. Locksley is committed to re-establishing domestic supply chains for these essential materials and is actively working on a mine-to-market strategy for antimony. This ambitious plan is bolstered by strategic partnerships with leading research institutions and industry experts in the United States.

In summary, the acquisition of the Iron Duke Copper Gold Project complements Locksley Resources' efforts in the Tottenham District, enhancing its position in an area rich in mineral potential. With its innovative strategies and focused exploration efforts, Locksley is poised to make substantial contributions toward critical mineral independence in the U.S. and expand its footprint in the Australian mining sector.

For further information, visit Locksley Resources or contact Beverly Jedynak at 312-943-1123 or via mobile at 773-350-5793.