# Cartier Reports Significant Gold Resource Growth At Cadillac With 9,953,000 tonnes at a grade of 2.40g/t Au for 767,800 Ounces Measured and Indicated, a 7% Increase and 35,185,000 tonnes at a grade of 2.14g/t Au for 2,416,900 Ounces Inferred, a 48% Increase Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/cartier-reports-significant-gold-resource-growth-at-cadillac-with-9-953-000-tonn--95a1cd57-9a2d-46a0-93d5-2663cef97493 Original source: https://money.tmx.com/en/quote/ECR/news/5609938408296647/cartier-reports-significant-gold-resource-growth-at-cadillac-with-9-953-000-tonn Publisher: tmx Original announcement: 2025-12-18T12:30:00.000Z 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, Economic study - Extracted: 2026-09-19 20:42:54 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Cartier Resources announced a significant update to its Mineral Resource Estimate for the Cadillac Project, reporting a 7% increase in Measured and Indicated gold resources to 767,800 ounces and a 48% increase in Inferred resources to 2,416,900 ounces. The updated estimate, compliant with NI 43-101, highlights the project's growth potential in a top-tier mining jurisdiction. An updated Preliminary Economic Assessment is planned to further assess the project's strategic value. Reasoning: The document reports a substantial increase in gold resources, particularly in the Inferred category, and a modest increase in M&I resources, indicating significant growth potential for the project. The resource is compliant with NI 43-101 and signed off by qualified persons, adding credibility. The project's location in a favorable jurisdiction with existing infrastructure is also a positive. However, the lack of an updated economic study for the new resource means its economic viability is yet to be formally demonstrated. - Positive factor: Significant growth in both Measured & Indicated and Inferred gold resources. - Positive factor: High confidence in the resource estimate with NI 43-101 compliance and QP sign-off. - Positive factor: Strong M&I percentage \(25%\) for an updated resource, with a substantial Measured component. - Positive factor: Project located in a top-tier, pro-mining jurisdiction with existing infrastructure. - Negative factor: No economic evaluation \(PEA/PFS/DFS\) has been produced for the updated MRE yet, limiting immediate economic assessment. - Negative factor: A significant portion of the resource remains in the Inferred category \(88%\), which cannot be used for economic studies alone. Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 12 ## Classification and evidence **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: A current resource fact retains the disclosed cut-off grade **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: 12. Some facts used in scoring do not have a stored record. ## Resource Estimates (12) ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/cartier-reports-significant-gold-resource-growth-at-cadillac-with-9-953-000-tonn--95a1cd57-9a2d-46a0-93d5-2663cef97493#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: 2025-12-17T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Pierre Luc Richard, Stephen Coates - Resource group id: resource:0fc56e82fb37141a31ec - 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: 2025-12-17 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-18T00:00:00.000Z Reasoning: The Measured resource component is substantial and represents the highest confidence category, contributing significantly to the overall resource. - Positive factor: High confidence Measured resource component. - Positive factor: Significant contained gold ounces in the Measured category. Evidence · table > 5,988,000 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-reports-significant-gold-resource-growth-at-cadillac-with-9-953-000-tonn--95a1cd57-9a2d-46a0-93d5-2663cef97493#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: 2025-12-17T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Pierre Luc Richard, Stephen Coates - Resource group id: resource:d6893cdec9a976628d0e - 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: 2025-12-17 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-18T00:00:00.000Z Reasoning: The Indicated resource provides a reasonable level of confidence for future studies and contributes to the overall scale of the project. - Positive factor: Significant contained gold ounces in the Indicated category. - Positive factor: Adds to the overall confidence of the resource. Evidence · table > 3,965,000 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/cartier-reports-significant-gold-resource-growth-at-cadillac-with-9-953-000-tonn--95a1cd57-9a2d-46a0-93d5-2663cef97493#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: 2025-12-17T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Pierre Luc Richard, Stephen Coates - Resource group id: resource:b334e51642d2468f13d3 - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 9953000 - Grade: 2.4 - Grade Unit: g/t - Contained Metal: 767800 - Contained Unit: oz #### Prior Estimate - Resource Date: 2025-12-17 - Prior Tonnes: 9302000 - Prior Grade: 2.4 - Prior Contained Metal: 718000 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-18T00:00:00.000Z Reasoning: The 7% increase in Measured & Indicated ounces represents a material growth in the higher confidence categories, de-risking the project. - Positive factor: Significant contained metal growth \(7% increase\) in the Measured & Indicated category. - Positive factor: High confidence resource suitable for economic studies. Evidence · table > 9,953,000 Context: 9,953,000 #### 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 **Contained Metal Growth** Polarity: positive Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes. Why it applies: 767800 against 718000 previously **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-reports-significant-gold-resource-growth-at-cadillac-with-9-953-000-tonn--95a1cd57-9a2d-46a0-93d5-2663cef97493#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: 2025-12-17T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Pierre Luc Richard, Stephen Coates - Resource group id: resource:79c85c5365b470d31848 - 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: 2025-12-17 - Prior Tonnes: 23774000 - Prior Grade: 2.14 - Prior Contained Metal: 1637000 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-18T00:00:00.000Z Reasoning: The nearly 50% increase in Inferred resources represents a very strong growth signal and significant future potential for the project, although these resources require further drilling to upgrade confidence. - Positive factor: Exceptional growth \(48% increase\) in Inferred gold resources, indicating significant exploration upside. - Positive factor: Large contained gold ounces in the Inferred category. - Negative factor: Inferred resources have a lower level of confidence and cannot be used for economic studies alone. Evidence · table > 35,185,000 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 **Tonnage Growth** Polarity: positive Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: 35185000 against 23774000 previously **Contained Metal Growth** Polarity: positive Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes. Why it applies: 2416900 against 1637000 previously **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 ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/cartier-reports-significant-gold-resource-growth-at-cadillac-with-9-953-000-tonn--95a1cd57-9a2d-46a0-93d5-2663cef97493#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: 2025-12-17T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Pierre Luc Richard, Stephen Coates - Resource group id: resource:fce44bc7fc67a23f041f - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: measured - Tonnes: 1770000 - Grade: 2.16 - Grade Unit: g/t - Contained Metal: 123300 - Contained Unit: oz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-12-17 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-18T00:00:00.000Z Reasoning: The open-pit Measured resource adds to the project's flexibility and confidence, supporting potential near-term development. - Positive factor: Measured resource component for open pit, indicating high confidence. - Positive factor: Provides near-term optionality for development. Evidence · table > 1,770,000 Context: 1,770,000 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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-reports-significant-gold-resource-growth-at-cadillac-with-9-953-000-tonn--95a1cd57-9a2d-46a0-93d5-2663cef97493#fact-resource-facts-5) Cadillac Project · gold #### Identity - Project: Cadillac Project - Commodity: gold - Region: canada\_qc - Reported Region: Quebec - Ticker: ECR #### Resource scope - Estimate type: resource - Effective date: 2025-12-17T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Pierre Luc Richard, Stephen Coates - Resource group id: resource:d4ecb80a9c9f2521bebf - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 1730000 - Grade: 1.52 - Grade Unit: g/t - Contained Metal: 84500 - Contained Unit: oz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-12-17 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-18T00:00:00.000Z Reasoning: The open-pit Indicated resource contributes to the overall resource base and provides further development optionality. - Positive factor: Indicated resource component for open pit, adding to confidence. Evidence · table > 1,730,000 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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-reports-significant-gold-resource-growth-at-cadillac-with-9-953-000-tonn--95a1cd57-9a2d-46a0-93d5-2663cef97493#fact-resource-facts-6) Cadillac Project · gold #### Identity - Project: Cadillac Project - Commodity: gold - Region: canada\_qc - Reported Region: Quebec - Ticker: ECR #### Resource scope - Estimate type: resource - Effective date: 2025-12-17T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Pierre Luc Richard, Stephen Coates - Resource group id: resource:742269c46c43f1581e58 - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 3500000 - Grade: 1.84 - Grade Unit: g/t - Contained Metal: 207800 - Contained Unit: oz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-12-17 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-18T00:00:00.000Z Reasoning: The pit-constrained M&I resource offers flexibility for project development and contributes to the overall confidence. - Positive factor: Combined Measured & Indicated open-pit resource provides significant near-term optionality. Evidence · table > 3,500,000 Context: 3,500,000 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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-reports-significant-gold-resource-growth-at-cadillac-with-9-953-000-tonn--95a1cd57-9a2d-46a0-93d5-2663cef97493#fact-resource-facts-7) Cadillac Project · gold #### Identity - Project: Cadillac Project - Commodity: gold - Region: canada\_qc - Reported Region: Quebec - Ticker: ECR #### Resource scope - Estimate type: resource - Effective date: 2025-12-17T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Pierre Luc Richard, Stephen Coates - Resource group id: resource:c2a30d30fdd3f3c4592b - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 4740000 - Grade: 1.13 - Grade Unit: g/t - Contained Metal: 172600 - Contained Unit: oz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-12-17 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-18T00:00:00.000Z Reasoning: The pit-constrained Inferred resource provides additional exploration upside and flexibility for future development scenarios. - Positive factor: Significant open-pit Inferred resource, adding to future potential. - Negative factor: Lower confidence category. Evidence · table > 4,740,000 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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 ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/cartier-reports-significant-gold-resource-growth-at-cadillac-with-9-953-000-tonn--95a1cd57-9a2d-46a0-93d5-2663cef97493#fact-resource-facts-8) Cadillac Project · gold #### Identity - Project: Cadillac Project - Commodity: gold - Region: canada\_qc - Reported Region: Quebec - Ticker: ECR #### Resource scope - Estimate type: resource - Effective date: 2025-12-17T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Pierre Luc Richard, Stephen Coates - Resource group id: resource:d4d435bb3f88b0f68c94 - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: measured - Tonnes: 4210000 - Grade: 2.8 - Grade Unit: g/t - Contained Metal: 379300 - Contained Unit: oz - Cutoff Grade: 1 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-12-17 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-18T00:00:00.000Z Reasoning: The underground Measured resource is a high-quality component of the MRE, providing a strong foundation for future development. - Positive factor: High-grade Measured resource for underground mining, indicating strong confidence. - Positive factor: Substantial contained gold ounces. Evidence · table > 4,210,000 Context: 4,210,000 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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-reports-significant-gold-resource-growth-at-cadillac-with-9-953-000-tonn--95a1cd57-9a2d-46a0-93d5-2663cef97493#fact-resource-facts-9) Cadillac Project · gold #### Identity - Project: Cadillac Project - Commodity: gold - Region: canada\_qc - Reported Region: Quebec - Ticker: ECR #### Resource scope - Estimate type: resource - Effective date: 2025-12-17T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Pierre Luc Richard, Stephen Coates - Resource group id: resource:eb84d340e94ed7f0c190 - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 2240000 - Grade: 2.51 - Grade Unit: g/t - Contained Metal: 180600 - Contained Unit: oz - Cutoff Grade: 1 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-12-17 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-18T00:00:00.000Z Reasoning: The underground Indicated resource contributes to the overall resource base and supports future underground development scenarios. - Positive factor: High-grade Indicated resource for underground mining, adding to confidence. Evidence · table > 2,240,000 Context: 2,240,000 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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-reports-significant-gold-resource-growth-at-cadillac-with-9-953-000-tonn--95a1cd57-9a2d-46a0-93d5-2663cef97493#fact-resource-facts-10) Cadillac Project · gold #### Identity - Project: Cadillac Project - Commodity: gold - Region: canada\_qc - Reported Region: Quebec - Ticker: ECR #### Resource scope - Estimate type: resource - Effective date: 2025-12-17T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Pierre Luc Richard, Stephen Coates - Resource group id: resource:6a4fdcb36abbdf8f6537 - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 6450000 - Grade: 2.7 - Grade Unit: g/t - Contained Metal: 559900 - Contained Unit: oz - Cutoff Grade: 1 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-12-17 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-18T00:00:00.000Z Reasoning: The substantial underground M&I resource, combined with existing infrastructure, provides a strong basis for future development and reduces capital requirements. - Positive factor: Large, high-grade Measured & Indicated underground resource, supported by existing infrastructure. - Positive factor: Significant contained gold ounces. Evidence · table > 6,450,000 Context: 6,450,000 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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-reports-significant-gold-resource-growth-at-cadillac-with-9-953-000-tonn--95a1cd57-9a2d-46a0-93d5-2663cef97493#fact-resource-facts-11) Cadillac Project · gold #### Identity - Project: Cadillac Project - Commodity: gold - Region: canada\_qc - Reported Region: Quebec - Ticker: ECR #### Resource scope - Estimate type: resource - Effective date: 2025-12-17T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Pierre Luc Richard, Stephen Coates - Resource group id: resource:66c6426e4228c8754ea0 - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 30450000 - Grade: 2.29 - Grade Unit: g/t - Contained Metal: 2244200 - Contained Unit: oz - Cutoff Grade: 1 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-12-17 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-18T00:00:00.000Z Reasoning: The significant underground Inferred resource provides substantial exploration upside and scale for the project, supported by existing infrastructure. - Positive factor: Very large underground Inferred resource, indicating substantial future potential. - Positive factor: High contained gold ounces. - Negative factor: Lower confidence category, requiring further drilling for upgrade. Evidence · table > 30,450,000 Context: 30,450,000 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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 ## 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.