Mojave Project located ~1.4 km from MP Materials’ Mountain P
MOJAVE ANTIMONY & RARE EARTHS PROJECT KEY APPOINTMENT TO LEAD CRITICAL MINERALS INITIATIVES
Highlights:
- Strategic U.S. focused Critical Minerals initiatives launched for the Mojave Antimony and Rare Earths Project in California
- Project targets Antimony (Sb) and Rare Earth Elements (REEs) including NdPr and Cerium, designated as critical by the U.S. Government
- Mojave located 1.4 km from MP Materials’ Mountain Pass Mine, the only active REE processor in the U.S
- Locksley proceeding formal engagement with U.S. federal initiatives
- Allister Caird appointed to lead downstream strategy
- Locksley’s strategic goal is to develop an integrated, secure U.S. supply chain for REEs and antimony from mine to advanced materials
Extremely high-grade rock chip assays up to 46% antimony rec
Highlights
- Extremely high-grade rock chip assays up to 46% antimony received
- 8 rock chip assays returned values over 17% antimony with over 18 of the returned assays over 1.4% antimony
- High-grade antimony is represented by historic workings developed on the quartz-calcite-stibnite veins Drill targeting and drilling approval application being prepared for submission to the Bureau of Land Management, alongside the Plan of Operations & Environmental Assessment Plan
- Antimony is listed as a critical mineral by the U.S. Department of Interior as it is used in a wide variety of military, energy, industrial and consumer applications
- U.S. has very limited domestic mined sources of Antimony and China has restricted export of antimony
- Funding opportunities for exploration through the Department of Défense (DoD) is being investigated with the next solicitation for funding through the Défense Industrial Base Consortium (DIBC) being considered
High grade TREO rock-chip results of up to 9.49%
The Mojave Project
Consists within two distinctive contiguous claim bocks. The North Block is comprised of 184 claims totalling 14.9km², the North-East Block is comprised of 71 claims totalling 5.7km² and the El Campo Prospect is comprised of 5 claims totalling 0.3km². This brings the Mojave Project to a total of 260 claims or 20.9km².
More Highlights
- Mojave Project is adjacent to the high-grade Mountain Pass Mine and Processing Facility owned by MP Materials, the only scaled site of its kind in the Western Hemisphere, delivering approximately 15% of the global rare earth supply
- Five (5) of the 25 rock-chip samples collected at the El Campo Prospect returned high grade TREO results of 3.74% to 9.49% within a 6-metre-wide mineralized zone
- The Mojave North Block lies 1.4 km to the north-east of the Mountain Pass Open Pit Mine, the largest rare-earth element (REE) mine in the U.S
- The Mojave Project has potential to host numerous REE deposits. Rare earth elements (REE) are indispensable for the functioning of modern society, powering technological innovations and enabling advancements in renewable energy, electronics, and defense systems
- The Mojave Project is located on California’s south-eastern border with Nevada, USA
The Mojave Project is positioned next to one of the highest-grade REE mines in the world and multiple significant carbonatite REE veins have been identified. 13 targets, 19 interpreted geophysical features and 4 REE mineral prospects have been identified for field review.
The El Campo Prospect has produced high grade samples with five of the twenty-five rock-chip samples collected, returning TREO results with assays up to 9.49%. These samples were collected from outcrops of syenite, shonkinite and carbonatite comprising a 6-meter-wide mineralised zone.
Occurrences of dykes of mid-Proterozoic intrusive rocks including syenite, shonkinite and carbonatite have been documented in the El Campo claim blocks and are interpreted to also be found in the North and South blocks. The Proterozoic carbonatite terrane at Mountain Pass hosts the largest resource of REE’s in North America.
The close proximity of the El Campo Prospect to the Mountain Pass Mine and high-grade rockchip samples provides strong potential for further significant REE discoveries within the exploration package.