# Cartier Announces Filing of Updated Mineral Resource Estimate Technical Report for the Cadillac Project Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/cartier-announces-filing-of-updated-mineral-resource-estimate-technical-report-f--418f61bf-e88f-4922-9338-ebeb70a1db95 Original source: https://money.tmx.com/en/quote/ECR/news/4912366021111984/cartier-announces-filing-of-updated-mineral-resource-estimate-technical-report-f Publisher: tmx Original announcement: 2026-01-28T14:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Cartier Resources Inc. - Ticker: ECR - Exchange: TSX - Region: Quebec - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Resource update - Extracted: 2026-09-19 20:15:02 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Cartier Resources has filed an updated NI 43-101 compliant Mineral Resource Estimate for the Cadillac Project in Quebec. The update highlights a 48% increase in Inferred gold resources and a 7% increase in Measured & Indicated resources compared to the 2023 PEA. Reasoning: The update shows substantial growth in the Inferred resource base and maintains a strong M&I core, though the high Inferred percentage remains a characteristic of the project stage. - Positive factor: Significant tonnage and grade growth in Inferred category \(48% increase\) - Positive factor: M&I resources represent a solid 25% of total resource - Positive factor: Large underground component \(88%\) supported by existing infrastructure - Positive factor: High-quality QP/CP sign-off from independent specialists - Negative factor: High proportion of Inferred resources \(approx 75%\) limits immediate economic conversion Facts used in scoring: 5 ## Classification and evidence **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: A significant portion of the resource \(35.185 Mt\) is classified as Inferred. Evidence · text > 35,185,000 tonnes at a grade of 2.14 g/t Au for 2,416,900 ounces Inferred **Tonnage Growth** Polarity: positive Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: Inferred tonnage increased by 48% compared to the 2023 PEA. Evidence · text > 35,185,000 tonnes at a grade of 2.14 g/t Au for 2,416,900 ounces Inferred \(a 48% increase \) **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: Independent QPs Pierre-Luc Richard and Stephen Coates are named for the MRE. Evidence · text > The independent qualified persons for the MRE... is Pierre-Luc Richard, P.Geo., of PLR Resources Inc., with contributions from Stephen Coates, P.Eng. **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The report is explicitly stated to be NI 43-101 compliant. Evidence · text > announced that it has filed the National Instrument 43-101-compliant \(" NI 43-101 "\) **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The source explicitly discloses a revised resource estimate Evidence · text > Updated Mineral Resource Estimate ## Extracted facts Stored fact records: 5. Some facts used in scoring do not have a stored record. ## Resource Estimates (5) ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/cartier-announces-filing-of-updated-mineral-resource-estimate-technical-report-f--418f61bf-e88f-4922-9338-ebeb70a1db95#fact-resource-facts-0) Cadillac Project · gold #### Identity - Project: Cadillac Project - Commodity: gold - Region: canada\_qc - Reported Region: Quebec - Ticker: ECR #### Resource scope - Estimate type: resource - Effective date: 2025-11-11T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Pierre-Luc Richard, Stephen Coates - Resource group id: resource:9923ab9ac02403aed61c - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: measured - Tonnes: 5988000 - Grade: 2.61 - Grade Unit: g/t - Contained Metal: 502600 - Contained Unit: oz #### Prior Estimate - Resource Date: 2025-11-11 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: High-confidence measured resource component. Evidence · table > 2.61 Context: 5,988,000 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/cartier-announces-filing-of-updated-mineral-resource-estimate-technical-report-f--418f61bf-e88f-4922-9338-ebeb70a1db95#fact-resource-facts-1) Cadillac Project · gold #### Identity - Project: Cadillac Project - Commodity: gold - Region: canada\_qc - Reported Region: Quebec - Ticker: ECR #### Resource scope - Estimate type: resource - Effective date: 2025-11-11T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Pierre-Luc Richard, Stephen Coates - Resource group id: resource:683417df0ed83e652be7 - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 3965000 - Grade: 2.08 - Grade Unit: g/t - Contained Metal: 265200 - Contained Unit: oz #### Prior Estimate - Resource Date: 2025-11-11 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: Standard indicated resource component. Evidence · table > 2.08 Context: 3,965,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/cartier-announces-filing-of-updated-mineral-resource-estimate-technical-report-f--418f61bf-e88f-4922-9338-ebeb70a1db95#fact-resource-facts-2) Cadillac Project · gold #### Identity - Project: Cadillac Project - Commodity: gold - Region: canada\_qc - Reported Region: Quebec - Ticker: ECR #### Resource scope - Estimate type: resource - Effective date: 2025-11-11T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Pierre-Luc Richard, Stephen Coates - Resource group id: resource:ca340c70da6de638a82a - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 35185000 - Grade: 2.14 - Grade Unit: g/t - Contained Metal: 2416900 - Contained Unit: oz #### Prior Estimate - Resource Date: 2025-11-11 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: Large scale growth in the speculative category. - Positive factor: Significant tonnage and grade growth in Inferred category - Negative factor: High proportion of Inferred resources Evidence · table > 2.14 Context: 35,185,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/cartier-announces-filing-of-updated-mineral-resource-estimate-technical-report-f--418f61bf-e88f-4922-9338-ebeb70a1db95#fact-resource-facts-3) Cadillac Project · gold #### Identity - Project: Cadillac Project - Commodity: gold - Region: canada\_qc - Reported Region: Quebec - Ticker: ECR #### Resource scope - Estimate type: resource - Effective date: 2025-11-11T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Pierre-Luc Richard, Stephen Coates - Resource group id: resource:e8e308a40cc5bcbf9507 - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 1730000 - Grade: 1.52 - Grade Unit: g/t #### Prior Estimate - Resource Date: 2025-11-11 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: Open pit indicated resource. Evidence · table > 1.52 Context: 1,730,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/cartier-announces-filing-of-updated-mineral-resource-estimate-technical-report-f--418f61bf-e88f-4922-9338-ebeb70a1db95#fact-resource-facts-4) Cadillac Project · gold #### Identity - Project: Cadillac Project - Commodity: gold - Region: canada\_qc - Reported Region: Quebec - Ticker: ECR #### Resource scope - Estimate type: resource - Effective date: 2025-11-11T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Pierre-Luc Richard, Stephen Coates - Resource group id: resource:a674350b49938fc611d8 - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 4740000 - Grade: 1.13 - Grade Unit: g/t #### Prior Estimate - Resource Date: 2025-11-11 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-28T00:00:00.000Z Reasoning: Open pit inferred resource. Evidence · table > 1.13 Context: 4,740,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.