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LKY - Locksley Resources

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Locksley Resources Limited is a minerals exploration company that was incorporated in 2018 for the purpose of identifying, exploring and developing copper and gold deposits in the world class Lachlan Fold Belt of New South Wales, Australia.

Locksley has recently entered into a tenement sale agreement to acquire a 100% legal and beneficial interest in the Tottenham Project. The Tottenham Project comprises three granted exploration licences (EL 6592, EL 6656 and EL 8384) located in the Cobar-Girilambone district in Central New South Wales, which are considered prospective for gold and copper.

Locksley has also applied for three exploration licences (ELA 6213, ELA 6262 and ELA 6265) in the surrounding area of the Tottenham Project which, upon grant, will also form part of the Tottenham Project.

The Tottenham Project contains an impressive group of gold and copper assets, including an Exploration Target at the Carolina and Mount Royal prospects that Locksley intends to drill test with the intent of defining and reporting Mineral Resources. Intermediate and greenfield stage prospects include those which have been identified and copper mineralization has been intersected, but further exploration is required to prove continuity.

It is anticipated that LKY will list on the ASX during July 2021.

 
Listing date8 July 2021 #
Company contact details Ph: +61 8 94810389
Principal ActivitiesMineral exploration with a primary focus on identifying, exploring and developing copper and gold deposits in New South Wales, Australia.
GICS industry groupTBA
Issue Price$0.20
Issue TypeOrdinary Fully Paid Shares
Security codeLKY
Capital to be Raised$5,000,000
Expected offer close date23 June 2021
UnderwriterNot underwritten. Barclay Pearce Capital Pty Ltd (Lead Manager)
 
LKY up and trading... opened at 22c, just above IPO price, and holding 21-22c
 
Lockley has switched to exploring for Antimony in USA and borders the Dateline Resource
Datelines share price has boomed in the past month
 
Lockley has switched to exploring for Antimony in USA and borders the Dateline Resource
Datelines share price has boomed in the past month
The market's liking the nearology.

Antimony? Is it one of those things that the USA lacks local production of?
The main uses are flame retardants and lead acid batteries according to Wikipaedia.
Based on the market reaction to DTR it may have legs. Maybe one for the day traders.
 
Also they do not seem to have any executive directors on the board. All non execs. That is strange, and a red flag.

 
Alright, antimony has definitely got good fundamentals as a play in US supply of critical minerals.
I am not sure about Locksley though. Their management seem lightweight. And the 'robin hood' reference is just weird.
Dateline board has more experience, but hype puts me off.
I prefer Trigg, they have some serious industrial experience on board, and they have a better resource.
 
Any thoughts? Too good to last??

Sunday is a wonderful day, but I prefer Saturdays. Won't last, it's Monday tomorrow.

If you're talking about this stock, it looks like they've jumped on the critical minerals bandwagon after starting as a gold and copper explorer, which must have failed.

Looks like they've assayed some rock chips they picked up that happen to have antimony in them.

Have they drilled a hole yet?
 
Extracted from BBand and WETT

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This is one of my newly formed portfolio mainly evolves around specky stock and fully based on WETT and Bband. Anyway, likewise this is not a stock tip to buy and sell. this is my own hobby. Do you even WETT and Bband (2) , bro?
 
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