What's Happening?
Locksley Resources is conducting a second round of detailed mapping and structural interpretation to expand geological understanding of the Mojave Project's rare earths and antimony project in California. The company has deployed its structural geology team to focus on four priority areas, aiming to improve geological understanding and uncover additional drill targets. The work program includes detailed mapping, rock chip sampling, and an enlarged 3D geology model for the Desert Antimony Mine prospect area. This initiative aligns with US policy settings favoring projects like Mojave, supported by Department of Energy funding and engagement opportunities with US agencies.
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Why It's Important?
The expansion of geological understanding at the Mojave Project is crucial for Locksley Resources as it seeks to enhance its rare earths and antimony exploration efforts. This development is significant in the context of US policy shifts that support critical mineral projects, potentially leading to increased funding and strategic partnerships. The focus on rare earths is particularly important given their role in technology and defense industries, positioning Locksley Resources to contribute to the US's critical mineral supply chain.
What's Next?
Upon completion of the work program, Locksley Resources plans to progress its Critical Minerals Institute membership and engage further with US agencies. The company will continue technical evaluations of processing options that align with Department of Energy funding pathways. These steps are expected to advance the Mojave Project and potentially attract more investment and support from government initiatives.
