From GlobeNewswire: 2025-05-15 14:19:00

Lancaster Resources Inc. has received final approval for an Exploration License at the Lake Cargelligo Gold Project in New South Wales, Australia. The license covers 28,768 hectares and requires a minimum exploration commitment of AUD $82,500 over 4 years. Lancaster plans to acquire the project in June 2025 and launch exploration work in Q3 2025, focusing on identifying gold mineralization. The Project offers a district-scale opportunity with high-grade results and is strategically located near the producing Mineral Hill Mine. The company aims to unlock shareholder value and advance its mineral projects.

The State of New South Wales approved an Exploration License for Lancaster Resources Inc. at the Lake Cargelligo Gold Project, covering 28,768 hectares with a minimum exploration commitment of AUD $82,500 over 4 years. Lancaster plans to acquire the project in June 2025 and initiate exploration work in Q3 2025, focusing on identifying gold mineralization. The Project offers high-grade results and is strategically located near the Mineral Hill Mine. Lancaster aims to unlock shareholder value and advance its mineral projects, with a focus on critical minerals and precious metals.



Read more at GlobeNewswire: Lancaster Granted Exploration License at Lake Cargelligo