Lancaster Resources Inc · CSE:LCR
Lancaster Resources — Investor Presentation (April 2024)
37 slides from Lancaster Resources's investor presentation, April 2024
Slide 1: Supplying the Transition to a Low Carbon Economy
SUPPLYING THE TRANSITION TO A LOW CARBON ECONOMY CORPORATE PRESENTATION APRIL 2024 CSE: LCR | OTCQB: LANRF | FRA: 6UF0
Slide 2: Highlights
HIGHLIGHTS The two properties, named Catley Lake Net and Centennial East, covering 3,036 Uranium Zero We are developing carbon Through the and 5,081 hectares respectively, offer Energy carbon-free lithium supply chain. significant exploration upside and close Lithium development proximity to Centenn
Slide 3: Energy Transition Opportunity
ENERGY TRANSITION OPPORTUNITY “The energy transition is the greatest economic opportunity of our time. The world is shifting towards a low-carbon future, and those who invest in the transition today will reap the rewards tomorrow.” - Adnan Z. Amin, Former Director-General of the International Renewa
Slide 4: Why Lithium?
WHY LITHIUM? EV MARKET FUELS LITHIUM DEMAND Lithium is essential for producing the lithium-ion batteries used in EV’s, laptops, etc. By 2040, lithium demand could grow by more than 12x. Currently ~87% of all lithium is sourced from Australia, Chile and China. The U.S.A is currently home to only one
Slide 5: Why Now – USA IRA Inflation Reduction Act
WHY NOW – USA IRA Inflation Reduction Act • The single largest investment in climate and energy in American history • Enabling America to tackle the climate crisis and advancing environmental justice • Securing America’s position as a world leader in domestic clean energy manufacturing and putting t
Slide 6: Why New Mexico & Quebec
WHY NEW MEXICO & QUEBEC NORTH AMERICAN GIGAFACTORIES Analysis by CIC energiGUNE OPERATIONAL PLANT PROJECT IN PROGRESS Location, Location, Location OPERATIONAL PILOT LINE OR IN PROGRESS • Both jurisdictions are top-tier mining jurisdictions, with Quebec Pegmatite being the most sought- after globally
Slide 7: New Mexico & Quebec Renewable Leaders
NEW MEXICO & QUEBEC RENEWABLE LEADERS New Mexico is a Hub for Renewable Energy Production • Second in the USA for Solar potential and tenth in Wind potential • Operating Geothermal power only 8mi to the south of Alkali Flats • In discussions to initiate a Solar PV project in New Mexico alongside our
Slide 8: Net Zero Lithium
Net Zero Lithium Clean Energy Sources used for Carbon Free Electric Vehicles • Using the abundance of clean energy sources in New Mexico, Lancaster aims to develop a world-class lithium brine project at its Aklali Flats Project • Lancaster’s management team is proud to work towards reducing the curr
Slide 9: Alkali Flats Lithium Brine Property Overview
ALKALI FLATS LITHIUM BRINE PROPERTY OVERVIEW Geochemical Data Geophysics Data Up to 149 ppm Li Drone Survey in May & in samples Magneto Telluric in August ALKALI FLATS ASSET Drill Program Drilling Permits for 3-hole drill Excellent Access program approved by New Interstate Highway and Railway Mexico
Slide 10: Alkali Flat Lithium Brine Property Geophysics
ALKALI FLAT LITHIUM BRINE PROPERTY GEOPHYSICS • Geophysics results from Q3 2023 successful magneto-telluric program. Built on May 2023 Drone program and AZL MT 2022 program • Well-defined highly conductive subsurface targets • Regulatory applications submitted for the Summer 2024 drilling program 20
Slide 11: Alkali Flat Lithium Brine Property Overview
ALKALI FLAT LITHIUM BRINE PROPERTY OVERVIEW Geochemical Data Nearby Exploration Large Closed Basin Sampling Program AZL, ACDC, and Excellent completed in Lighting Dock Geology Q1 2023 Exploration • Identified 143 surface samples, • Arizona Lithium completed an MT • 3 sources of Li identified averagi
Slide 12: Alkali Flat: The Next Clayton Valley?
ALKALI FLAT LITHIUM BRINE PROPERTY GEOLOGY Alkali Flat: The Next Clayton Valley Clayton Valley? • Host to the only commercially producing lithium project in • The Alkali Flat playa is understood to be a fault-bounded, large closed North America, started in 1966 basin, ~315km2 • This basin has not ye
Slide 13: Alkali Flat Lithium Brine Property Geology
ALKALI FLAT LITHIUM BRINE PROPERTY GEOLOGY • Geochem Results from Q1 2023 sampling program (also showing Q3 geophysics program) • Area Geology, showing the extent of playa infill along with Q3 2023 MT program • Surface concentrations are relatively analogous to the surface concentrations for the dep
Slide 14: Alkali Flats Lithium Brine Property Infrastructure
ALKALI FLATS LITHIUM BRINE PROPERTY INFASTRUCTURE New Frontiers in Renewable Energy Infrastructure Lithium Exploration Opportunities Access Placer Mineral Claims & Abundant Clean Adjacent to Significant Significant Growth Potential Energy Sources Transportation • 260 BLM Placer Mineral Claims, • Inv
Slide 15: Alkali Flat Lithium Brine Property Development Plan
ALKALI FLAT LITHIUM BRINE PROPERTY DEVELOPMENT PLAN 2024 2025 2026 Drilling, Testing, & Geophy Raise Brine DLE Pilot Raise Commercial Raise $600K USD $8-10MM CAD $275-300MM CAD 2027 & 2024 2025 2026 2028 Q1-2 Q3-4 Q1-2 Q3-4 Q1-2 Q3-4 Drilling Step out Drilling DLE Pilot Pilot Drilling Commercial Ful
Slide 16: Trans-Taiga Lithium Pegmatite Property Overview
TRANS-TAIGA LITHIUM PEGMATITE PROPERTY OVERVIEW Claim For 100% Exclusive acquisition rights on 3,520 acres Excellent Access Gravel Road & Hydro ROW transects property LCR-Trans Taiga Nearby Exploration Located between Patriot Corvette and Winsome Cancet deposits lg-3 Hydro Row Geochemical & Geology
Slide 17: Trans-Taiga Lithium Pegmatite Property Geology
TRANS-TAIGA LITHIUM PEGMATITE PROPERTY GEOLOGY Claim for 100% Nearby Exploration Under Explored Property Acquired Significant Discoveries Geology in June 2023 on nearby properties • 100% Option agreement • Patriot Battery Metals Corvette • Pegmatites confirmed on lease • 3,520 acres in most is ~120k
Slide 18: Trans-Taiga Property Geology: Confirmed Pegmatites
TRANS-TAIGA LITHIUM PEGMATITE PROPERTY GEOLOGY Confirmed Pegmatites Public Databases Shown: • Pathfinder Minerals • Known pegmatite outcroppings • Faulting and Geology Targeting Spring 2024 surface exploration and geophysics program • Geophysics • Field Geochemical / Grab Samples 2024 • LANCASTER RE
Slide 19: Trans-Taiga Lithium Pegmatite Property Area Map
TRANS-TAIGA LITHIUM PEGMATITE PROPERTY AREA MAP Significant Discoveries on Nearby Properties Reviewing options for adding high-quality claims • Adjacent to Trans-Taiga • Stand-alone Utilizing existing public databases • Pathfinder Minerals • Known pegmatite outcroppings • Faulting and Geology 2024 •
Slide 20: Why Uranium Now? Market Data
WHY URANIUM NOW? MARKET DATA Uranium Price The monthly price of uranium worldwide (In U.S. dollars per pound) Market Opportunity Uranium’s price has historically experienced long bear markets and periods of exponential growth surrounding catalysts The uranium market has begun a trend of price apprec
Slide 21: Uranium in Canada
URANIUM IN CANADA With known uranium resources of 694,000 tonnes of U3O8 (588,500 tU), as well as much continuing exploration, Canada has a significant role in meeting future world demand. JURISDICTION GLOBAL SUPPLIER Stable, supportive government and Canada is the world’s second-largest communities
Slide 22: Athabasca Basin Property Region
ATHABASCA BASIN PROPERTY REGION • The two properties, named Catley Lake and Centennial East, cover 3,036 and 5,081 hectares respectively, offering significant exploration opportunities. • Located in the world-class Athabasca Basin, Lancaster’s two claims target high-grade Catley Lake uranium deposit
Slide 23: Athabasca Basin Property Assets
ATHABASCA BASIN PROPERTY ASSETS Properties: • Catley Lake: 3,036 hectares • Centennial East: 5,081 hectares Catley Lake Mineralization: • The Centennial deposit has shown assays up to 8.78% U308 over 33.9m below the Athabasca sandstone and Virgin River unconformity. • Concentrations of U308 up to 25
Slide 24: Nelson Lake Copper Property Overview
NELSON LAKE COPPER PROPERTY OVERVIEW Excellent Access Room to Expand Geochemical & Geology Why Nelson Lake Nelson Lake Claim Tier 1 Mining Jurisdiction Area? Block • Existing 43-101 on adjacent assets • ~5746ha (14,199ac) of contiguous claims • Saskatchewan Ranked #3 Globally behind Nevada and Weste
Slide 25: Nelson Lake Copper Property Location and Geology
NELSON LAKE COPPER PROPERTY LOCATION AND GEOLOGY Athabasca Basin Janice Lake All Season Trail Key Lake Uranium Operation New area Copper Expl. & 43-101’s Historical Flin. Nelson Lake Copper Asset Flon area Copper Production Hydropower Row Nelson Lake Copper Property 2024 • LANCASTER RESOURCES • CSE:
Slide 26: Nelson Lake Copper Property Previous Work
NELSON LAKE COPPER PROPERTY PREVIOUS WORK • Rio Tinto optioned into the property in 2019 for $30mm in exploration. Forum bought back in March 2023 • 3 distinct properties, combined • Rio built a 110km Janice Lake ~11,122ha, optioned in winter road for 50 person camp to explore 39,943ha • 43-101 repo
Slide 27: Global Gold Demand Market Data
GLOBAL GOLD DEMAND MARKET DATA Gold’s diverse uses – in jewelry, technology and by central banks and investors – mean different sectors of the gold market rise to prominence at different points in the global economic cycle. This diversity of gold demand and the self-balancing nature of the gold mark
Slide 28: Piney Lake Gold Property Overview
PINEY LAKE GOLD PROPERTY OVERVIEW Geology Geochemical Past Exploration • Historical datasets • Nearby historical geochemical sampling • The general area was explored for indicates past gold showings to the gold in the 1990’s by Placer Dome • The property sits within the Glennie north on a north-sout
Slide 29: Piney Lake Gold Property Location
PINEY LAKE GOLD PROPERTY LOCATION Geography • Located ~65km east of the La Ronge Provincial Park • 2267.8ha • Only 2.5km west of North Arrow Minerals diamond property, Pikoo • Surrounded by SGO / SSR Mining gold claims • Access to Pelican Narrows is available by provincial highway with claims being
Slide 30: Our Technology & Technical Services
Our Technology & Technical Services EXPERTISE: KLM Geophysical Exploration specializes in geophysical DATA INTERPRETATION & mapping such as MT/AMT/IP and INTEGRATION has strong experience in lithium brine exploration. 3D MODELLING, TARGET ID Earthex Geophysical Solutions Inc. GEOPHYSICAL PROGRAM, is
Slide 31: Management Team
MANAGEMENT TEAM Penny White, BA, LLB Andrew Watson, P. ENG. Rick Huang, BA, CGA, MBA President and CEO VP, Engineering and Operations & QP Chief Financial Officer & Corporate Secretary Penny White is an accomplished business leader with Andrew Watson has 21 years of rich technical Rick Huang has bee
Slide 32: Technical Team
TECHNICAL TEAM Rodney Blakestad, J.D., C.P.G. Bill Feyerabend, CPG Gary Lohman, B.Sc., Geo, Daniel Card, P.Geo RPGeo, Exploration Consultant QP & Advisory Board QP & Advisory Board QP & Advisory Board Rodney Blakestad is a highly experienced Mr. Feyerabend is experienced with the Gary Lohman is one
Slide 33: Board of Directors
BOARD OF DIRECTORS Penny White, BA, LLB Danny Kang Heather Williamson President and CEO, Director Director Director Penny White is an accomplished business leader with over 20 years of experience Mr. Kang has a decade-long established career in banking and compliance. His Ms. Heather Williamson stan
Slide 34: Advisory Board
ADVISORY BOARD Greg Foofat, BA Patrick Laperrière Jay Swartzentruber Paola Rojas Advisor Advisor Advisor Advisor Brings over 20 years of robust experience in Brings more than 25 years of extensive With over 30 years in commercial building and As a principal at Synergy Resource Capital, she has Inves
Slide 35: Investment Highlights / Capitalization Table
INVESTMENT HIGHLIGHTS CAPITALIZATION TABLE Top Tier Resource Growing Demand Total Outstanding Shares 55,703,872 Jurisdiction For Critical Minerals Reserved for Issuance 29,761,749 Renewable Early Stage Power Potential Valuation 2024 • LANCASTER RESOURCES • CSE: LCR • OTCQB: LANRF • FRA: 6UF0 36
Slide 36: Legal Disclaimer
LEGAL DISCLAIMER WARNING FORWARD LOOKING INFORMATION This management presentation was prepared as a summary overview only of the Certain statements in this presentation constitute “forward-looking statements” within current affairs of Lancaster Resources Inc. (the “Company” and “Lancaster the meanin
Slide 37: Supplying the Transition to a Low Carbon Economy
SUPPLYING THE TRANSITION TO A LOW CARBON ECONOMY PENNY WHITE . PRESIDENT & CEO +1 (604) 923 6100 penny@lancasterlithium.com Lancaster-Resources.com CSE: LCR | OTCQB: LANRF | FRA: 6UF0
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