Comprehensive Update and Future Plans for Alkali Flat Lithium Brine Project
Lancaster
Resources
CEO
Provides
Comprehensive
Update
and
Future
Plans
for
Alkali
Flat
Lithium
Brine
Project
October
26,
2023
Vancouver,
British
Columbia
–
Lancaster
Resources
Inc.
(CSE:LCR
|
OTCQB:LANRF
|
FRA:6UF0)
(“
Lancaster
”)
CEO
provides
an
update
on
Lancaster’s
recent
exploration
activities
and
upcoming
milestones
related
to
the
Alkali
Flat
Lithium
Brine
Project
near
Lordsburg,
New
Mexico,
USA.
“We
are
thrilled
to
share
the
significant
progress
we
have
made
over
the
last
few
months
and
outline
our
strategic
plans
for
the
upcoming
quarters,”
says
Penny
White,
Lancaster’s
CEO
and
President.
“Our
team
has
worked
diligently
to
ensure
that
each
phase
of
our
project
has
made
valuable
use
of
resources,
and
we
are
confident
that
our
efforts
will
result
in
substantial
value
creation
for
our
stakeholders.”
Key
Highlights
and
Upcoming
Milestones:
Geophysics
+
Geology
Study
(July
2023):
Following
a
comprehensive
internal
evaluation,
our
team
successfully
built
upon
our
existing
internal
geological
data
geological
data
sets.
This
included
initial
findings
from
an
aerial
drone
geophysics
program
and
geochemical
studies
over
the
playa,
laying
the
groundwork
for
our
completed
MT
geophysics
program
and
impending
drilling
operations.
Magnetotelluric
(MT
Survey)
(Aug
2023):
After
reviewing
several
qualified
companies,
we
selected
KLM
Geophysics,
a
leading
geophysics
firm
with
significant
experience
in
lithium
brine
exploration,
to
conduct
our
MT
Survey
so
Lancaster
would
have
the
best
dataset
to
supplement
our
geology
and
inform
our
drilling
locations.
We
received
the
results
from
our
MT
program
in
September
2023.
MT
Interpretation
and
Drilling
Locations
(Sept
2023):
Our
experts
interpreted
magnetotelluric
data
to
pinpoint
optimal
drilling
locations,
maximizing
our
chances
of
successfully
finding
subsurface
concentrated
lithium
brines.
Preliminary
locations
have
been
selected
based
on
two
highly
conductive
subsurface
features
found
in
the
MT
survey.
Proposed
locations
have
been
used
in
support
of
both
the
BLM
Plan
of
Operations
application
and
the
EMNRD
Drilling
application.
Drilling
and
Access
Regulatory
Applications
Submitted
(Sept
2023):
We
have
formally
submitted
our
drilling
application
to
the
New
Mexico
EMNRD,
adhering
to
all
regulatory
requirements
and
best
practices.
An
additional
Plan
of
Operations
application
to
the
BLM
was
made
in
support
of
both
the
proposed
drilling
and
the
entire
claim
area
MT
program.
Lancaster
remains
committed
to
minimal
impact
exploration.
BHP
Xplor
(Oct
2023):
Recognizing
New
Mexico
as
a
new
frontier
for
lithium
exploration
and
with
the
anticipation
of
a
significant
lithium
discovery,
we
applied
to
the
BHP
Xplor
program.
This
program
offers
a
six-month
accelerator
and
up
to
USD
$500,000
in
non-dilutive
funding
from
BHP,
aiming
to
unlock
critical
minerals.
Drilling
Bids
(
Sept-Oct
2023):
We
invited
estimates
from
reputable
drilling
companies,
emphasizing
safety,
efficiency,
and
environmental
stewardship.
We
are
currently
in
the
final
process
of
selecting
which
drilling
company
to
engage
for
our
upcoming
drilling
program.
Detailed
G+G
Review
(Oct-Nov
2023):
Our
geophysics
and
geology
teams
are
continuously
conducting
thorough
reviews
to
ensure
all
data
aligns
and
informs
our
drilling
strategy.
Drilling
Approvals
(Nov-Dec
2023):
We
are
in
communication
with
the
New
Mexico
EMNRD,
and
we
anticipate
receiving
all
necessary
drilling
approvals
in
early
2024,
clearing
the
way
for
us
to
commence
drilling
operations
in
February
2024.
Drilling
Completed
(Feb
2024):
We
aim
to
complete
our
maiden
drilling
program
efficiently
and
safely,
adhering
to
the
highest
industry
standards
with
minimal/zero
impact
on
all
stakeholders.
Samples
Collected
and
Analysis
Underway
(Feb
2024):
During
the
drilling
process,
we
will
collect
samples
and
submit
them
for
mineral
and
fluid
analysis
to
confirm
the
concentration
of
lithium
within
reservoir
brine
and
drill
cuttings.
DLE
Technology
Bidding
and
Sample
Dispatch
(March
2024):
Engagements
with
leading
Direct
Lithium
Extraction
(DLE)
technology
providers
are
underway
to
ensure
our
lithium
extraction
process
is
both
efficient,
cost-effective,
and
environmentally
responsible.
Discussions
are
in
progress
with
various
DLE
companies
to
secure
sufficient
brine
samples
for
testing,
aimed
at
determining
the
compatibility
of
DLE
technologies
with
successfully
extracted
lithium
brine
from
Alkali
Flats.
Sample
Results
and
NI
43-101
(Q2
2024):
Upon
receiving
the
sample
analysis
results,
we
will
promptly
refresh
our
NI
43-101
report,
ensuring
stakeholders
have
access
to
the
most
current
and
precise
information.
Anticipated
DLE
Results
(Q2
2024):
We
look
forward
to
receiving
the
outcomes
of
our
DLE
technology
trials,
which
will
inform
our
extraction
strategy
and
affirm
our
commitment
to
employing
the
most
economical,
effective,
and
sustainable
lithium
extraction
practices.
Collaborations:
We
are
proud
to
be
building
collaborations
with
a
diverse
range
of
advisors
and
companies,
spanning
from
Solar
and
Geothermal
Tech/Dev
Advisors
to
LiDAR/Hyperspectral
imaging
specialists,
underscoring
our
unwavering
dedication
to
innovation,
excellence,
and
environmental
stewardship
Looking
Ahead:
“As
we
forge
ahead,
our
team
remains
dedicated
to
progressing
the
Alkali
Flat
Lithium
Brine
Project,
championing
innovation,
and
upholding
the
highest
standards
of
environmental
stewardship
and
community
engagement,”
concluded
Penny
White,
CEO
of
Lancaster.
“We
are
on
a
steadfast
path
towards
achieving
our
objectives
and
cultivating
enduring
value
for
both
our
shareholders
and
the
communities
we
serve.”
About
Lancaster
Resources
Inc.
Lancaster
Resources
(CSE:LCR
|
OTCQB:LANRF
|
FRA:6UF0)
is
engaged
in
exploring
battery
and
critical
metals
to
take
advantage
of
the
global
shift
towards
decarbonization
and
electrification.
Lancaster
has
rights
to
acquire
100%
of
the
Alkali
Flat
Lithium
Project,
near
Lordsburg,
New
Mexico,
USA,
a
set
of
claims
approximately
5,200
acres
(8.1
square
miles)
in
size
that
Lancaster
is
exploring
for
concentrated
sub-surface
lithium
brine
deposits.
Lancaster’s
vision
is
to
produce
Carbon-Neutral
Lithium
using
direct
lithium
extraction
technology
powered
by
solar
and
geothermal
energy.
Lancaster
also
holds
the
rights
to
a
100%
interest
in
the
Trans-Taiga
Lithium
Property
located
within
the
James
Bay
lithium
district
of
Quebec
and
lying
on
the
same
geological
trend
as
significant
lithium
discoveries,
including
Patriot
Metals’
Corvette
Property.
Lancaster
plans
to
conduct
exploration
activities
with
a
holistic
view
of
stakeholder
interests.
Guiding
Lancaster
Resources'
journey
is
a
skilled
management
and
technical
team
with
collective
involvement
in
over
15
commercial
mineral
discoveries,
and
endowed
with
extensive
experience
in
the
creation
of
lithium
brine
targets
and
the
exploration
and
development
of
Lithium
projects
across
Canada,
the
American
West,
Mexico,
and
South
America.
Penny
White,
President
&
Chief
Executive
Officer
Lancaster
Resources
Inc.
Email:
Tel:
604
923
6100
Website:
www.lancaster-resources.com
Cautionary
Statement
Regarding
Forward-Looking
Statements
Certain
statements
contained
in
this
press
release
constitute
forward-looking
information.
These
statements
relate
to
future
events
or
Lancaster’s
future
performance.
The
use
of
any
of
the
words
“could,”
“expect,”
“believe,”
“will,”
“projected,”
“estimated,”
and
similar
expressions
and
statements
relating
to
matters
that
are
not
historical
facts
are
intended
to
identify
forward-looking
information
and
are
based
on
Lancaster’s
current
belief
or
assumptions
as
to
the
outcome
and
timing
of
such
future
events.
Actual
future
results
may
differ
materially.
In
particular,
the
ability
of
Lancaster
to
execute
its
exploration
plans,
obtain
exploration
and
drilling
permits,
retain
key
personnel,
identify,
acquire,
explore,
and
develop
high-quality
mineral-rich
properties,
and
integrate
sustainable
energy
sources
and
innovative
technologies
for
climate-positive
resource
production
constitute
forward-looking
information.
Actual
results
and
developments
may
differ
materially
from
those
contemplated
by
forward-looking
information.
Readers
are
cautioned
not
to
place
undue
reliance
on
forward-looking
information.
The
statements
made
in
this
press
release
are
made
as
of
the
date
hereof.
Lancaster
disclaims
any
intention
or
obligation
to
publicly
update
or
revise
any
forward-looking
information,
whether
as
a
result
of
new
information,
future
events,
or
otherwise,
except
as
may
be
expressly
required
by
applicable
securities
laws.
The
Canadian
Securities
Exchange
has
not
reviewed,
approved
or
disapproved
the
contents
of
this
news
release.