Barclay Pearce Capital

Oct 22, 2025
2 min read

Locksley Resources (ASX:LKY): Diamond Drill Rig Secured for REE Drilling at El Campo

🔍 Positioned at the heart of America’s critical minerals strategy

Locksley Resources Limited is pleased to announce that it has executed a drilling services contract for the upcoming diamond core drilling campaign at the El Campo Prospect, part of the Mojave Rare Earth Element (REE) Project, located in San Bernardino County, California.

📌 Why It Matters:

Under the agreement, the drilling contractor will mobilise a Titan HD track-mounted diamond drill rig to El Campo, which is anticipated to arrive in December 2025. Diamond drilling has been selected to allow a better understanding of the geology and association with the targeted REE-bearing breccia horizon identified through structural mapping and surface sampling. In addition, the diamond core can be utilised for future metallurgical testwork programs.

📌 Investor Highlights:

Drilling and earthworks contracts executed for imminent El Campo drilling program
Drilling scheduled to commence in December 2025, with five diamond holes planned to test high-grade REE mineralisation up to 12.1% TREO including 3.19% NdPr identified in outcrop1
The drill rig is currently operating in close proximity to El Campo and will be mobilised directly to site, to ensure a seamless transition and timely commencement of drilling activities
The drilling contractor will supply a Titan HD track-mounted diamond core rig for the El Campo REE drilling program at the Mojave Project, California
Program fully approved by the U.S. Bureau of Land Management (BLM) under the Mojave Drill Project Notice of Intent (NOI)
This critical milestone marks a key advancement of Locksley’s U.S. mine-to-market strategy for rare earths and critical minerals

👉 View the full announcement here.

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Disclaimer

Barclay Pearce Capital Management Pty Ltd is the holder of an Australian Financial Services Licence (Number: 503261). The information provided on this website is general in nature only and does not constitute personal advice. The information has been prepared without taking into account you or your company’s objectives, financial situation or needs. Before acting on any information on this website you should consider the appropriateness of the information having regard to your objectives, financial situation and needs. You should seek independent financial advice and read the relevant disclosure statements or other offer documents prior to making an investment decision about a financial product. The material contained on the website is for information purposes only and should not be construed as an offer or solicitation or recommendation to buy or sell financial products.

Barclay Pearce Capital acknowledges the Traditional Owners of the land where we work and live, the Gadigal of the Eora Nation and pays our respects to Elders past, present and to the children of today who are the Elders of the future. We celebrate the stories, culture and traditions of Aboriginal and Torres Strait Islander Elders of all communities who also work and live on this land.

Barclay Pearce - The right people with the right solutions make for brilliant results.

Privacy Statement
Financial Services Guide
Research Policy
Complaints Management Policy
Scam Alert

Barclay Pearce Capital acknowledges the Traditional Owners of the land where we work and live, the Gadigal of the Eora Nation and pays our respects to Elders past, present and to the children of today who are the Elders of the future. We celebrate the stories, culture and traditions of Aboriginal and Torres Strait Islander Elders of all communities who also work and live on this land.

Barclay Pearce Capital Management Pty Ltd ACN 619 189 847 | AFSL: 503261

Barclay Pearce Capital Investment | ACN: 667 428 480 | CAR: 1303113

Barclay Pearce Capital Asset Management | ACN: 661 805 250 | CAR: 1302665

Barclay Pearce Capital | ACN: 671 103 254

Barclay Pearce Capital Communications | ACN: 659 740 217

Barclay Pearce Capital Events | ACN: 661 642 726

Barclay Pearce Capital UK LTD | CRN: 15953103

© 2025 Barclay Pearce Capital - BPC | All Rights Reserved

Disclaimer:

Barclay Pearce Capital Management Pty Ltd is the holder of an Australian Financial Services Licence (Number: 503261). The information provided on this website is general in nature only and does not constitute personal advice. The information has been prepared without taking into account you or your company’s objectives, financial situation or needs. Before acting on any information on this website you should consider the appropriateness of the information having regard to your objectives, financial situation and needs. You should seek independent financial advice and read the relevant disclosure statements or other offer documents prior to making an investment decision about a financial product. The material contained on the website is for information purposes only and should not be construed as an offer or solicitation or recommendation to buy or sell financial products.

Barclay Pearce Capital acknowledges the Traditional Owners of the land where we work and live, the Gadigal of the Eora Nation and pays our respects to Elders past, present and to the children of today who are the Elders of the future. We celebrate the stories, culture and traditions of Aboriginal and Torres Strait Islander Elders of all communities who also work and live on this land.