Locksley Resources Limited (LKYRF) Strengthens Leadership to Accelerate Growth Strategy
Locksley Resources Ltd (ASX:LKY) (OTCMKTS:LKYRF) is pleased to announce the appointment of Mr Pat Burke as Non-Executive Chairman. Mr Burke brings proven experience and success in advancing rare earth element (REE) projects and has significant corporate governance expertise, ASX listed leadership experience and a strong track record in the resources sector.
In his role as Executive Chairman of Meteoric Resources NL (ASX:MEI), MC $370m, he oversaw the transformative acquisition and advancement of the Caldeira ionic clay REE project in Brazil, one of the world's largest high grade ionic clay rare earth deposits. Mr Burke was actively involved in all aspects of the project's initial progression, including negotiations with government agencies, local partners and funders.
He is a qualified lawyer, with over 20 years legal and corporate advisory experience. Mr Burke's legal expertise is in corporate, commercial and securities law. His corporate advisory experience includes identification of acquisition targets, deal structuring and financing and project development.
He has held Board roles across numerous ASX companies, as well as AIM and NASDAQ-listed companies, including Mandrake Resources and Vulcan Energy Resources.
Locksley is entering a significant growth phase as it advances its Mine to Market Strategy. In conjunction with Mr Burke's appointment, Mr Nathan Lude will transition from Chairman to the newly created role of Head of Strategy, Capital Markets & Commercialisation. This reflects the Company's focus on advancing its U.S. minerals projects, processing pathways and downstream critical minerals and technology initiatives. In this role Mr Lude will dedicate his time to:
Downstream Technology & Commercialisation
- Coordinating Locksley's collaboration with Rice University to fast-track antimony extraction, processing and energy storage innovation
- Securing commercial licensing opportunities, pilot site identification, and deployments
- Driving the establishment and contributions of Locksley's U.S. subsidiary and Advisory Board
Strategic Partnerships & Government Engagement
- Building strategic partnerships and alliances with U.S. defense, energy, and targeted technology sectors
- Coordinating engagement through GreenMet, including submissions to U.S. federal and state government programs and funding opportunities such as the DOE, DoD, and EXIM Bank
Capital Markets & Investor Growth
- Overseeing marketing, investor relations, and public relations
- Coordinating with ASX funds and investors, while expanding the U.S. investor base via OTCQB
- Assessing growth pathways to OTCQX, NASDAQ, SPAC structures, and Frankfurt listing
Mr Lude commented:
"Locksley has rapidly advanced its growth strategy in recent months, advancing both upstream project development and new downstream opportunities. This change allows me to focus on our Mine to Market initiatives in the U.S., where our projects and partnerships can meaningfully strengthen America's critical minerals supply chain. With Pat leading the Board, drawing on his experience and success in identifying and advancing the Meteoric REE opportunity and his deep industry knowledge on critical minerals, I can dedicate my time to building the business foundations for Locksley's next phase of investor growth."
Mr Burke commented:
"Locksley's integrated approach from resource development through to downstream processing and advanced applications is well aligned with the current U.S. focus on secure, strategic critical minerals supply chains. I look forward to working with the Board and management to advance the Company's portfolio and deliver value for shareholders."
T: +61-8-9481-0389 E: info@locksleyresources.com.au
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