Lancaster Completes Title Transfer for 100% of the Lake Cargelligo Gold Project
Globenewswire·2025-11-27 12:00

Core Viewpoint - Lancaster Resources Inc. has completed the title transfer for 100% of the Lake Cargelligo Gold Project, enhancing its exploration portfolio in the Cobar mining district of New South Wales, Australia [1]. Group 1: Project Details - The Lake Cargelligo project spans approximately 62,300 hectares, with Exploration License 9775 covering 28,768 hectares and featuring multiple historical high-grade gold and silver occurrences identified through sampling and drilling [3]. - Lancaster Gold Australia Pty Ltd., a wholly owned subsidiary, now holds the mineral claim title for Exploration License 9775 as of November 17, 2025 [2]. - The company has also submitted an application for an additional 33,400 hectares under ELA6970, pending final state approval [3]. Group 2: Company Overview - Lancaster Resources Inc. is a Canadian exploration company focused on critical mineral and gold projects in established mining jurisdictions, holding a 100% interest in the Lake Cargelligo Gold Project [7]. - The company's portfolio includes other projects in Canada, such as the Lac Iris Polymetallic Project and uranium projects in Saskatchewan [8].