Australia's Locksley Resources tanks on decision to cease exploration at key U.S. prospects
17/08/2026 06:49
BUZZ-Australia's Locksley Resources tanks on decision to cease exploration at key U.S. prospects ** Shares of Australia's Locksley Resources LKY.AX slump as much as 46.5% to A$0.38, marking record intraday pct loss
** Shares hit their lowest level since late May 2025
** Minerals explorer says review of critical minerals portfolio in the US has determined that further material exploration at key California Desert Antimony Mine and El Campo prospects does not justify additional expenditure
** Adds field exploration at both prospects has ceased
** Co attributes decision to downturn in global antimony market conditions over the past year
** Nearly 42.2 million shares change hands, about 10.6x the 30-day average
** Stock down 73% YTD, including session's moves
(Reporting by Subhalakshmi Dey in Bengaluru)
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