Lancaster Resources Inc. announce KLM Geophysics is commencing the Magneto-Telluric (MT) geophysics program at Lancaster's Alkali Flat Lithium Project located in Lordsburg, New Mexico, USA. The MT program is targeting highly conductive stratigraphic units (layers) to further delineate drill targets in a highly prospective area on the NE part of the property. Within the next few weeks, Lancaster anticipates receiving survey results, which management expects will guide them in identifying clear drilling targets.

Lancaster's recent exploratory and geochemical results have highlighted a location believed to host a lithium-rich aquifer. The Alkali Flats Lithium Project and the MT survey target area lie about 8 miles north of the renowned Lightning Dock Known Geothermal Resource Area (KGRA). Additionally, the target area is immediately adjacent to Arizona Lithium's Lordsburg Brine Project.

Both provide significant insight into the geology and have been pivotal for Lancaster's strategic planning. The MT study leverages natural electromagnetic occurrences, such as solar flares and lightning, to gauge magnetic and electric field variations. This approach capitalizes on the unique characteristics of lithium brine reservoirs.

Once collected, the data will be supplemented with previous geochemical findings that showcased up to 149.5 ppm Li in surface sediments to target initial drilling locations. The MT survey will consist of three east-west alignments with ~500m spacing, having 15 receiver stations in total. Each site will be active overnight, capturing data for a period of 14-16 hours.

Once data acquisition is done, all instruments will be retrieved, ensuring the location remains largely undisturbed and fully reclaimed. The company anticipates the results to provide a comprehensive subsurface conductivity model to refine drilling targets for late 2023. Reflecting Lancaster's environmental commitment, the non-invasive nature of this MT survey ensures a negligible carbon footprint, manifesting the company's green ethos in its exploratory endeavors.

KLM Geophysics was chosen for this pivotal role due to its competitive rates, structured approach, and its seasoned team. Their established reputation in lithium brine exploration enriches project's expertise.