Locksley Resources Acquires Iron Duke Copper-Gold Project in NSW
Locksley Resources has secured a binding option agreement to acquire 100% of the Iron Duke copper-gold project in New South Wales from Sky Metals, enhancing its exploration capabilities in the Cobar district. The acquisition covers 188.3 square kilometers and is strategically located near Locksley's existing Tottenham project, facilitating a coordinated regional exploration effort.
Theia Market Signal Identification - AI AssistedLocksley Resources has entered a binding option agreement to purchase the Iron Duke copper-gold project from Sky Metals, covering 188.3 square kilometers in New South Wales. The project is situated 15 kilometers from Locksley's Tottenham site, allowing for potential efficiencies in exploration.
Historical drilling at Iron Duke has confirmed a JORC 2004 inferred resource of 1.3 million tonnes at 1% copper and 0.6 g/t silver. Significant past results include high-grade intercepts and rock chip samples showing up to 26.1% copper.
A 2000-meter drilling program will commence during the option period to validate historical data and advance towards a modern JORC-compliant resource estimate. The deal's structure allows Locksley to maintain financial flexibility for its Mojave project in California, which targets rare earth elements and antimony.
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