Locksley Resources Limited
Locksley Resources Limited (ASX: LKY) explores for copper and gold in New South Wales and critical minerals in the United States. Its focus for the 2027 financial year is the 100%-owned Tottenham copper-gold project in the Cobar-Girilambone District of central New South Wales, which hosts a JORC (2012) Inferred Mineral Resource of 9.86 Mt at 0.72% Cu and 0.22 g/t Au across the Carolina and Mount Royal-Orange Plains deposits, together with the nearby Iron Duke copper-gold project, which it holds under an option signed in May 2026. In August 2026 a portfolio review stopped field exploration at its Mojave antimony and rare-earth project in California, mainly because of the fall in the antimony price; the claims are kept on a low-cost basis and the company is reviewing its antimony-recovery work with Rice University.
Notable vs. Peers
- Financials score of 8.3/10 is stronger than the peer average of 5.5/10.
- Trading within 5% of its 52-week low — weak recent price momentum.
Lifecycle Milestones
Combined view across 2 projects. Figures below are only combined where the underlying basis genuinely matches -- see the notes under each.
Jurisdiction (40%)9/10
New South Wales: Fraser PPI 2025 is 73.26 of 100 (rank 37 of 68), which maps to 9 on this site's scale. Locksley's focus, the Tottenham copper-gold project, is in central New South Wales; its Mojave project in California, where field exploration has stopped, is named as context and not blended into the score.
Infrastructure (40%)No verified figure
Researched with nothing found: no source we could cite confirms or rules out an existing mill, road access, grid power, or tailings facility at Tottenham Copper-Gold Project, Cobar-Girilambone District, New South Wales, Australia (checked Oct 7, 2026; recheck due Apr 5, 2027). Counts at a neutral 5/10 until one does.
Nearby producing mine (20%)Not yet researched
No producing mine within 50 km in our reference list (nearest listed: Mineral Hill (Kingston Resources Limited), 55 km). That list doesn't cover every mining district yet, so a longer distance isn't scored as remote.
Acquisition Susceptibility
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal in the research, a producer that already owns part of the company, is scored from its disclosed strategic shareholders. A producer that is a joint-venture or earn-in partner on the project, rather than a shareholder, isn't captured yet.
How this score is built
- Disclosed pending dealSub-score: Not scored
No pending acquisition or merger disclosed (checked)
Not scored: having no deal in flight isn't held against a company.
Weight 26.25% - Producer's strategic stakeSub-score: Not scored
No producer holds a disclosed stake on file (holder register researched) See holders
Not scored: most juniors that do get bought had no prior toehold, so a missing stake says little either way.
Weight 25% - Distance to a producing mineSub-score:4.8/10
Nearest producing mine: Mineral Hill (Kingston Resources Limited), 55 km
10 next to a producing mine, 8 at 20 km, 5 at 50 km, 0 beyond 200 km.
Weight 22.5% · 46% here - Lifecycle stageSub-score:3.5/10
Stage: Resource Definition
Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.
Weight 15% · 31% here - JurisdictionSub-score:9/10
Australia: jurisdiction score 9/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 14% here - CommoditySub-score:8/10
Primary commodity: Copper
Gold 10, copper 8, silver 5, nickel and uranium 4, others 2: most majors' deals are for gold.
Weight 4.5% · 9% here
Weight is each input's share of the full score. “Here” is its share of this company's score: inputs that aren't scored are left out and the rest re-weighted, never counted as zero.
Your Rankings
Management Team
Executive leader with 20+ years delivering nationally significant, capital-intensive resources/infrastructure projects, including senior leadership roles on BHP's US$3.8 billion South Flank Project and Iluka's A$1.8 billion Eneabba Rare Earths Refinery (Australia's first fully integrated rare earths refinery). Appointed CEO of Locksley Resources September 2025, then Managing Director & CEO effective 29 October 2025.
Non-Executive Chairman of Locksley Resources, with broad experience across Asset Management, Mining and the Energy Industry.
Non-Executive Director of Locksley Resources, appointed 10 December 2024.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
Goehring & Rozencwajg, a highly regarded natural-resources investment research and fund house, holds a small stake. The company had significant board turnover in 2026, with a director resignation and a new appointment.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Locksley Resources explores for copper and gold in New South Wales and critical minerals in the United States. Its focus for the 2027 financial year is the 100%-owned Tottenham copper-gold project in the Cobar-Girilambone District of central New South Wales, which hosts an inferred resource of 9.86 Mt at 0.72% copper and 0.22 g/t gold across the Carolina and Mount Royal-Orange Plains deposits, together with the nearby Iron Duke copper-gold project, held under an option signed in May 2026. In August 2026 a portfolio review stopped field exploration at its Mojave antimony and rare-earth project in California, mainly because of the fall in the antimony price, and the claims are being kept on a low-cost basis.