Oct. 22 at 8:28 PM
$LKYRF Locksley Resources Limited has secured a diamond drill rig for its upcoming program at the El Campo Prospect, part of the Mojave Rare Earth Element (REE) Project in San Bernardino County, California. The U.S. Bureau of Land Management (BLM) has already approved the program, clearing the way for drilling. Drilling to commence December 2025. Target: High‑grade REE mineralisation, with surface rock chips up to 12.1% TREO including 3.19% NdPr, the “magnet metals” used in EV motors, wind turbines, robotics, and defense tech. 3.19% NdPr means out of the total rare earth content, a significant portion is the most valuable subset.
NdPr is the premium fraction of the rare earth basket — it’s what investors and strategists care about most. These are surface rock chips. They show potential, but they don’t prove continuity at depth or across a deposit. Drilling is needed to confirm whether those grades extend underground in mineable volumes. https://investingnews.com/locksley-resources-limited-diamond-drill-rig-secured-for-ree-drilling-at-el-campo/