Lycaon Resources (ASX: $LYN) Receives Ministerial Approval for West Arunta Drilling Program

Lycaon Resources Ltd (ASX: $LYN) has received the Minister for Mines and Petroleum granted consent to mine at Use and Benefit of Aboriginal Inhabitants Reserve 24923, also known as Ngaanyatjarra Central Australia Reserve, at the Stansmore Project in the West Arunta region of Western Australia. The approval paves the way for exploration programs to commence, including heritage surveys, gravity survey, and drilling. The Company's 100% owned West Arunta Stansmore Niobium-REE Project granted tenure extends over 173km2.

Executive Commentary on West Arunta Drilling Program

Thomas Langley, Technical Director, commented, 'Further to the recent approval from the Minister for Aboriginal Affairs, it is pleasing to have received the 'Consent to Mine' from the Minister for Mines and Petroleum which now allows us to carry out exploration work programs and organise the necessary heritage clearances ahead of drilling targeted for mid-year. We are extremely excited to get our maiden drilling program underway as soon as possible. The West Arunta is one of the last frontiers for major critical mineral and copper-gold (IOCG) discoveries in Australia. The identification of Niobium and Rare Earth mineralisation associated with carbonatite intrusions by WAI Resources and Encounter Resources nearby in their first ever drill programs signifies the extremely prospective and underexplored nature of the West Arunta.'

Summary of West Arunta Drilling Program Approval

Lycaon Resources Ltd (ASX: $LYN) has been granted the Minister for Mines and Petroleum consent to mine at the Stansmore Project in the West Arunta region of Western Australia. This approval allows the Company to proceed with exploration programs, including heritage surveys, gravity survey, and drilling. The 100% owned West Arunta Stansmore Niobium-REE Project granted tenure extends over 173km2. The Company's Technical Director, Thomas Langley, expressed excitement about the upcoming maiden drilling program and highlighted the significant potential of the West Arunta region for critical mineral and copper-gold discoveries. The identification of Niobium and Rare Earth mineralisation nearby further underlines the prospectivity of the area. The Company looks forward to commencing the exploration work and anticipates positive outcomes from the drilling targeted for mid-year.