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Locksley Resources chairman Pat Burke said: “This agreement potentially strengthens our mine-to-market strategy by complementing our Mojave development with additional concentrate supply from EVR.”
Another crucial piece of Locksley’s master plan clicked into place just two weeks ago when the company brought heavyweight advisory outfit GreenMet on board to raise the profile of its Mojave project in Washington.
And when it comes to influence, the company says few names carry more weight than GreenMet’s founder and chief executive officer Drew Horn.
Horn is a seasoned Washington insider and former senior US official who has held top posts across the White House, the Pentagon, the energy and defence departments and the Office of National Intelligence. He also played a pivotal role in shaping policy around the Defence Production Act - a key lever used by the Biden administration to onshore supply chains for critical minerals.
The company’s Mojave project sits on the doorstep of the fabled Mountain Pass mine - the US’s only rare earths mine - and includes the historic Desert antimony mine. Apart from its highly significant geological setting, the mine is one of only four antimony deposits in US and is considered to have some of the highest-grade antimony occurrences in America.
Although the Desert mine has not produced since 1937, modern exploration technology is expected to put a new spin on the deposit’s prospectivity. This view was backed up recently after Locksley unearthed rock chip samples on site, grading a whopping 46 per cent stibnite - the host rock for antimony.
The company is currently finishing an exploration campaign. A review of the structural geology is underway involving mapping, sampling and 3D modelling of four hot spots that could potentially extend the project’s antimony footprint. This study is expected to flesh out fresh targets.
Applications for a drilling program are already in the mix with the drill rods due to start turning before the end of the year to test what the company hopes will be a bounty of riches lurking beneath.
Locksley’s tie-up with EV Resources gives it a vital foothold in the geopolitical shake-up of mineral supply chains. With DeepSolv validation and offtake security now in sight, Locksley could soon find itself front and centre in America’s renewed charge for resource independence.
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