Quarterly Activities Report and Appendix 5B

Locksley Resources strengthens its US antimony and rare earths portfolio with strategic partnerships, expanded exploration, new leadership, and successful production of American-made antimony metal.

<ul><li>Strategic partnerships advanced with Rice University, GreenMet, Tribeca, Viriathus, and EV Resources to support extraction technology and market positioning.</li><li>Desert Antimony Mine drilling permit secured; expanded geological footprint with 491 contiguous claims near Mountain Pass rare earths district.</li><li>Successful metallurgical testwork produced high-grade antimony concentrate; first 100% American-made antimony ingot cast post-quarter.</li><li>Corporate updates include new CEO, COO, Non-Executive Chairman appointments and oversubscribed A$5.3 million placement, boosting cash reserves to over A$7.2 million.</li><li>Active engagement with US government agencies targets non-dilutive funding under Defense Production Act and Inflation Reduction Act frameworks.</li></ul>

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Quarterly Activities Report and Appendix 5B