LOCKSLEY RESOURCES LIMITED — Regulatory Filings 2021

Sep 15, 2021

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Attn: Barbara Lim ASX Compliance Pty Limited Level 40 Central Park 152-158 St George’s Tce Perth WA 6000

Dear Barbara,

Locksley Resources Limited (the Company) – Response to ASX Price Query

We refer to your letter dated 16 September 2021 with respect to the ASX price query and respond as follows:

1. The Company is not aware of any information concerning it that has not been announced to the market which, if known by some in the market, could be an explanation for recent trading in the securities of the Company.

2. Not applicable given our response to Question 1.

3. The Company is not aware of any other explanation for the recent trading in its securities.

4. The Company confirms that it is in compliance with the listing rules and, in particular, listing rule 3.1.

5. The Company confirms that the responses above have been approved by the Board.

Yours faithfully,

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________ Alan Armstrong Company Secretary

Locksley Resources Limited Level 11, 216 St Georges Terrace, PERTH, WESTERN AUSTRALIA 6000 Telephone +61 8 9481 0389, Facsimile +61 8 9463 6103

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16 September 2021

Reference: 39748

Mr Alan Armstrong Company Secretary Locksley Resources Limited

By email

Dear Mr Armstrong

Locksley Resources Limited (‘LKY’): Price - Query

ASX refers to the following:

• A. The change in the price of LKY’s securities from a close of $0.165 on 13 September 2021 to an intra-day high of $0.295 today.

• B. The significant increase in the volume of LKY’s securities traded from 15 September 2021 to 16 September 2021.

Request for information

In light of this, ASX asks LKY to respond separately to each of the following questions and requests for information:

1. Is LKY aware of any information concerning it that has not been announced to the market which, if known by some in the market, could explain the recent trading in its securities?

2. If the answer to question 1 is “yes”.

3. (a) Is LKY relying on Listing Rule 3.1A not to announce that information under Listing Rule 3.1? Please note that the recent trading in LKY’s securities would suggest to ASX that such information may have ceased to be confidential and therefore LKY may no longer be able to rely on Listing Rule 3.1A. Accordingly, if the answer to this question is “yes”, you need to contact us immediately to discuss the situation.

4. (b) Can an announcement be made immediately? Please note, if the answer to this question is “no”, you need to contact us immediately to discuss requesting a trading halt (see below).

5. (c) If an announcement cannot be made immediately, why not and when is it expected that an announcement will be made?

6. If the answer to question 1 is “no”, is there any other explanation that LKY may have for the recent trading in its securities?

7. Please confirm that LKY is complying with the Listing Rules and, in particular, Listing Rule 3.1.

8. Please confirm that LKY’s responses to the questions above have been authorised and approved under its published continuous disclosure policy or otherwise by its board or an officer of LKY with delegated authority from the board to respond to ASX on disclosure matters.

When and where to send your response

ASX Customer Service Centre 131 279 | asx.com.au

ASX Limited [[Listings]]

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This request is made under Listing Rule 18.7. Your response is required as soon as reasonably possible and, in any event, by no later than 10:45 AM AWST Thursday, 16 September 2021 . You should note that if the information requested by this letter is information required to be given to ASX under Listing Rule 3.1 and it does not fall within the exceptions mentioned in Listing Rule 3.1A, LKY’s obligation is to disclose the information ‘immediately’. This may require the information to be disclosed before the deadline set out in the previous paragraph and may require LKY to request a trading halt immediately.

Your response should be sent to me by e-mail at ListingsCompliancePerth@asx.com.au . It should not be sent directly to the ASX Market Announcements Office. This is to allow me to review your response to confirm that it is in a form appropriate for release to the market, before it is published on the ASX Market Announcements Platform.

Trading halt

If you are unable to respond to this letter by the time specified above, or if the answer to question 1 is “yes” and an announcement cannot be made immediately, you should discuss with us whether it is appropriate to request a trading halt in LKY’s securities under Listing Rule 17.1. If you wish a trading halt, you must tell us:

• the reasons for the trading halt;

• how long you want the trading halt to last;

• the event you expect to happen that will end the trading halt;

• that you are not aware of any reason why the trading halt should not be granted; and

• any other information necessary to inform the market about the trading halt, or that we ask for.

We require the request for a trading halt to be in writing. The trading halt cannot extend past the commencement of normal trading on the second day after the day on which it is granted. You can find further information about trading halts in Guidance Note 16 Trading Halts & Voluntary Suspensions .

Suspension

If you are unable to respond to this letter by the time specified above, ASX will likely suspend trading in LKY’s securities under Listing Rule 17.3.

Listing Rules 3.1 and 3.1A

In responding to this letter, you should have regard to LKY’s obligations under Listing Rules 3.1 and 3.1A and also to Guidance Note 8 Continuous Disclosure : Listing Rules 3.1 – 3.1B. It should be noted that LKY’s obligation to disclose information under Listing Rule 3.1 is not confined to, nor is it necessarily satisfied by, answering the questions set out in this letter.

Release of correspondence between ASX and entity

We reserve the right to release a copy of this letter, your reply and any other related correspondence between us to the market under Listing Rule 18.7A.

Questions

If you have any questions in relation to the above, please do not hesitate to contact me.

Yours sincerely

2/3 ASX Customer Service Centre 131 279 | asx.com.au

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Barbara Lim

Adviser, Listings Compliance (Perth)

3/3 ASX Customer Service Centre 131 279 | asx.com.au