RESOURCE AND RESERVES

Mineral Resource Statement – June 2022

Locksley Resources is pleased to provide an initial, independent Mineral Resource Estimate, (MRE) for the Tottenham Project in central New South Wales.

The MRE supports the Company’s strategy of creating a strong resource base at the Tottenham Project. Both the Carolina and Orange Plains deposits remain open for expansion.

Competent Person

The Competent Person for the 2022 Resource is Mr Jeremy Peters FAusIMM CP(Geo, Min), a Director of Burnt Shirt Pty Ltd. The Mineral Resource estimate is stated in accordance with the provisions of the JORC Code (2012). Mr Peters has more than five years’ experience in the estimation and reporting of Mineral Resources for base metals mineralisation in Australia and overseas, to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Peters consents to the inclusion in the presentation of the matters based on his information in the form and context in which it appears.