Lahontan Gold Santa Fe plan cleared for NEPA review

Executive Summary

• The Bureau of Land Management has declared Lahontan Gold’s Santa Fe exploration Plan of Operations (POO) complete, allowing the project to enter the NEPA environmental assessment phase.
• Completion of baseline studies covers biological, cultural and historical resources across more than 12 km² and over 700 planned drill sites.
• The company expects to finish the NEPA process and obtain final POO approval in Q4 2025, positioning a large‑scale drilling campaign for 2026.

Key Details

• BLM Determination: All environmental baseline studies required for the Santa Fe POO are finished; they can be reused in any future EA under NEPA.
• Scope of POO: Authorizes exploration over >12 square kilometres and includes >700 drill sites.
• Timeline: Anticipated NEPA completion and final POO approval by Q4 2025; robust drilling campaign planned for 2026.
• CEO Quote: Kimberly Ann emphasized the milestone enables “unlocking the tremendous untapped potential” and advancing plans to bring Santa Fe back into production.
• Project Background: Santa Fe mine previously produced 359,200 oz Au and 702,100 oz Ag (1988‑1995). Current NI 43‑101 resources:
• Indicated – 1.539 M oz AuEq (48.4 Mt @ 0.92 g/t Au, 7.18 g/t Ag)
• Inferred – 411,000 oz AuEq (16.8 Mt @ 0.74 g/t Au, 3.25 g/t Ag)
• Future Plans: Update the Santa Fe Preliminary Economic Assessment and drill‑test the West Santa Fe satellite project during 2025.

Notable Quotes

“Lahontan is pleased to receive notice from the BLM that our Santa Fe exploration project POO has been determined to be complete, and we can now head towards the completion of an EA under NEPA… We look forward to working hand in hand with the BLM and our permitting consultants and completing the NEPA process in a timely manner.” – Kimberly Ann, CEO & Executive Chair.