Lac Iris Polymetallic Project - Lancaster Resources Inc.

LAC IRIS POLYMETALLIC PROPERTY

overview

The Property is located approximately 43 km east of the airport and village of Nemiscau, QC and spans ~1,443 hectares across three packages. The properties are all immediately adjacent to Li-FT claims and is complemented by year-round access by road via Route du Nord Road, which transects the Lac Iris 1 Property.

regional geology

Lac Iris is situated along the sub-province boundary between La Grande and Opatica Subprovinces. Subprovince boundaries are often delineated by deep-rooted crustal features filled by late stage intrusives, including pegmatites and polymetallic mineralization.
Located along the same geological trend as the Whabouchi Lithium pegmatite deposit and the NISK polymetallic high-grade nickel-copper sulphide deposit, the properties are highly prospective for lithium and polymetallic exploration.

Strategic Acquisition & Planned Work Program

Lancaster plans to embark on an exploration campaign on the Property with a goal to identify polymetallic and lithium-rich areas, construct detailed geological maps, and evaluate the high-value metals content through sampling.
The Lac Iris acquisition builds on Lancaster’s existing Trans-Taiga Project in James Bay, as well as its uranium and gold exploration in Saskatchewan’s Athabasca region, and the recently announced gold acquisition at Lake Cargelligo in New South Wales, Australia.

QUALIFIED PERSON

The disclosure of technical information in this presentation has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) and reviewed and approved by Andrew Watson, P. Eng, VP, President and CEO who acts as the Company’s Qualified Person, and is not independent of the Company.

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overview

regional geology

Strategic Acquisition & Planned Work Program

QUALIFIED PERSON

OUR PROPERTIES

ALKALI FLAT

Catley Lake & Centennial East