# Cartier tables updated PEA for Quebec gold project, shares rise Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/cartier-tables-updated-pea-for-quebec-gold-project-shares-rise--79f87166-3e24-4833-a30d-4bd4d4b221a7 Original source: https://resourceworld.com/cartier-tables-updated-pea-for-quebec-gold-project-shares-rise/ Publisher: resourceworld Original announcement: 2026-09-17T13:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Cartier Resources Inc. - Ticker: ECR - Exchange: Unavailable - Region: Quebec - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Resource update, Economic study - Extracted: 2026-09-17 16:24:23 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Cartier Resources Inc. has released an updated Preliminary Economic Assessment \(PEA\) for its 100%-owned Cadillac Project in Quebec. The study outlines an underground mining operation with a 16.2-year mine life, targeting 1.7 million ounces of gold from 23.1 million tonnes of material. Reasoning: The updated PEA for the Cadillac Project provides a robust economic framework for an underground operation with significant gold resources and clear capital requirements. - Positive factor: Updated PEA provides clear underground mining parameters - Positive factor: Significant gold resource scale \(1.7 Moz\) - Positive factor: Substantial exploration upside mentioned along Cadillac Fault - Positive factor: Strong M&I component in resource estimate - Negative factor: High sustaining capital requirement \($1.1 billion\) Facts used in scoring: 3 ## Classification and evidence **PFS Complete** Polarity: positive Definition: AACE Class 3 study complete. Why it applies: The document reports an updated Preliminary Economic Assessment \(PEA\). Evidence · text > announced the results of an updated preliminary economic assessment \(PEA\) **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The PEA was prepared in accordance with NI 43-101 standards. Evidence · text > prepared in accordance with National Instrument 43-101 standards **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The PEA incorporates an updated mineral resource estimate. Evidence · text > incorporates an updated mineral resource estimate announced on December 18, 2025 ## Extracted facts Stored fact records: 2. Some facts used in scoring do not have a stored record. ## Resource Estimates (2) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/cartier-tables-updated-pea-for-quebec-gold-project-shares-rise--79f87166-3e24-4833-a30d-4bd4d4b221a7#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 - Reporting standards: ni\_43\_101 - Resource group id: resource:f57567dbd4c424ca6e92 - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 9950000 - Grade: 2.4 - Grade Unit: g/t - Contained Metal: 767800 - Contained Unit: oz #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-17T00:00:00.000Z Reasoning: Measured and Indicated resource provides a solid foundation for the PEA. - Positive factor: Strong M&I grade and scale Evidence · text > measured and indicated resources standing at 9.95 million tonnes of grade 2.40 g/t gold or 767,800 ounces #### 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 **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 QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **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-tables-updated-pea-for-quebec-gold-project-shares-rise--79f87166-3e24-4833-a30d-4bd4d4b221a7#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 - Reporting standards: ni\_43\_101 - Resource group id: resource:c15c77c16097c62871a2 - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 35200000 - Grade: 2.14 - Grade Unit: g/t - Contained Metal: 2.4 - Contained Unit: moz #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-17T00:00:00.000Z Reasoning: Significant inferred resource provides substantial upside potential. - Positive factor: Large inferred resource scale - Negative factor: Inferred category limits economic certainty Evidence · text > inferred resource of 35.2 million tonnes of grade 2.14 g/t gold or 2.4 million ounces #### 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 **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 QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **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.