Lancaster Resources Inc. (CSE:LCR) (OTCQB:LANRF) (FRA:6UF0) has announced that the United States Bureau of Land Management (BLM) has approved the Plan of Operations for its Alkali Flat Lithium Brine Phase 1 drill program. This approval follows the permit granted by the New Mexico Mining and Minerals Division (MMD) on April 30, 2024.

BLM Approval Advances Alkali Flat Lithium Brine Project

Andrew Watson, VP Engineering & Operations at Lancaster, said, “The BLM approval of our Plan of Operations is a testament to Lancaster’s vision of providing sustainable and low-impact critical minerals for the energy transition. We are rapidly progressing to drilling our first exploration well at Alkali Flat and aim to showcase the significant lithium brine deposit identified by our 2023 geophysics program.”

Details of the Plan of Operations

Pursuant to BLM regulations 43 CFR 3715, the Plan of Operations submitted in September 2023 has been formally approved. This includes the potential to drill up to three wells on the playa, enabling an expedited regulatory process pending results of the first well in Q2 2024. The approval also includes conditions for access, safety, and environmental protection, which Lancaster intends to meet or exceed.

Financial Assurance and Next Steps

Lancaster must submit a financial assurance instrument of USD $63,783, jointly held by the BLM and MMD. Upon financial assurance and approval from the New Mexico Office of the State Engineer, Lancaster will commence drilling on the playa.

Project Location and Significance

The Alkali Flat Lithium Project targets a closed-basin brine deposit in a playa lake setting. Located next to a major rail line and interstate highway, the project benefits from excellent access. The Drill Permit area is approximately 8 miles north of the 15MW Lightning Dock Known Geothermal Resource Area (KGRA). Closed basin brine deposits contain about 58% of the world’s lithium resources, with the only U.S. production site currently in Clayton Valley, Nevada.

About Lancaster Resources Inc.

Lancaster Resources Inc. (CSE:LCR | OTCQB:LANRF | FRA:6UF0) explores lithium and other critical minerals. The Alkali Flat Lithium Project spans ~5,200 acres in Lordsburg, New Mexico, featuring 260 mineral placer claims. Lancaster’s goal is to produce Net-Zero Lithium using direct lithium extraction (DLE) technology and solar power.

Lancaster’s portfolio includes the Piney Lake Gold Property in Saskatchewan, the Trans-Taiga Lithium Property in Quebec, and 100% interest in the Catley Lake and Centennial East Uranium projects in Saskatchewan. Lancaster also holds a minority interest in Nelson Lake Copper Corp., with the Nelson Lake Copper Project in Saskatchewan. The company’s management and technical team have extensive experience in over 40 mineral discoveries across various regions.

Penny White, President & Chief Executive Officer, can be contacted at penny@lancasterlithium.com or via phone at 604 923 6100.

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