Locksley Resources Limited has announced significant advances in its Mojave Project in California following a detailed structural mapping program. The latest work has confirmed multiple mineralised trends at both the antimony and rare earth element (REE) prospects, providing stronger geological constraints and refining drill target areas for upcoming exploration activities. At the Desert Antimony Mine (DAM), mapping has delineated up to three discrete antimony-rich vein positions within a NNE–SSW corridor. The work identified massive stibnite around historical underground workings and revealed quartz–carbonate veins, some reaching widths of up to 1 meter, that host additional stringer veins. Moreover, an E–W trending structure has been mapped, introducing a new geological model for testing interconnected vein sets. Complementing these findings is the completion of a 3D geological model that enhances drill planning and supports the preparation of JORC exploration targets. Plans are underway to submit a new Plan of Operations to the Bureau of Land Management in late July, with approval expected by early September, paving the way for an expanded reverse circulation drilling program in the September quarter of 2025. In parallel, the El Campo prospect, targeting REEs, has yielded promising results. Structural mapping confirmed a steep 70–80° SW-dipping REE-hosting shear zone—an encouraging indicator for potential underground mining. Additionally, the identification of an E–W trending South Fault has opened a new exploration target, hinting at high-grade REE zones that may have been overlooked in previous sampling rounds. A dedicated 3D geological model has similarly been developed for this prospect, facilitating refined drill target identification and JORC exploration target delineation. The strategic value of these projects is further underscored by developments in the broader critical minerals market. The recent US$500 million investment by Apple into MP Materials highlights the growing emphasis on domestic rare earth supplies. Given that the Mojave Project adjoins MP Materials’ Mountain Pass operation, Locksley Resources Limited is well-positioned to benefit from the increasing focus on securing and developing domestic critical minerals supply chains. There are factors that support a bullish outlook on the company’s exploration prospects. The detailed structural mapping and the resulting 3D models have significantly refined the geological understanding at both the DAM and El Campo prospects, offering multiple high-potential drill targets. The forthcoming expanded drilling program and favorable positioning within the U.S. supply chain for critical minerals add further strategic value. On the downside, uncertainties remain typical of early-stage exploration. Regulatory approvals, successful drill results, and potential environmental or operational challenges may temper expectations in the near term. Investors should remain mindful of these risks as the company advances its exploration program in a competitive and rapidly evolving market.