Core Insights - Lancaster Resources Inc. has acquired additional mineral claims at the Lake Cargelligo Gold Project, more than doubling the size of the property [1][4] - The acquisition enhances Lancaster's exploration prospects in a prolific gold region of Australia [4][5] Acquisition Highlights - **Strategic Location**: The new properties are adjacent to existing claims and located 60 km from the Mineral Hill Mine [4] - **District Scale Land Package**: The acquisition adds approximately 33,400 hectares, bringing the total claims to around 62,300 hectares [4] - **Prospective Geology**: The project is an advanced greenfield Gold-Silver project with high mineralization potential [4] - **Diversified Portfolio Growth**: This acquisition expands Lancaster's exploration footprint in Australia and complements its existing projects in Canada [4] Financial Developments - Lancaster has amended outstanding unsecured convertible debentures, extending the maturity to December 31, 2026, and revising the interest rate to 12% per annum [6] - The company is also financing up to $500,000 in units, each consisting of one share and one two-year warrant [6] Company Overview - Lancaster Resources Inc. is a Canadian exploration company with a focus on critical minerals and gold projects in established mining jurisdictions [7] - The company holds a 100% interest in the Lake Cargelligo Gold Project, covering over 62,300 hectares, and has additional assets in Canada [7]