# Graphano Energy Ltd. Announces Initial Mineral Resource Estimate for Its Lac Saguay Graphite Project - LAB and Standard Properties Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/graphano-energy-ltd-announces-initial-mineral-resource-estimate-for-its-lac-sagu--1341f667-63c6-4619-b405-391f663f6ab9 Original source: https://money.tmx.com/en/quote/GEL/news/5325804272544027/graphano-energy-ltd-announces-initial-mineral-resource-estimate-for-its-lac-sagu Publisher: tmx Original announcement: 2025-07-17T07:01:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Graphano Energy Ltd. - Ticker: GEL - Exchange: TSX - Region: Québec, Canada - Primary commodity: Graphite - Secondary commodities: None reported - Document categories: Resource update - Extracted: 2026-09-12 05:37:18 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Graphano Energy Ltd. has announced its initial Mineral Resource Estimate for the Lac Saguay Graphite Project in Québec, totaling 1.64 Mt Indicated and 1.58 Mt Inferred at 7.00% Cg. The resource covers the LAB and Standard properties and was prepared in accordance with NI 43-101 standards. Reasoning: Initial Mineral Resource Estimate for the Lac Saguay Graphite Project establishes a significant graphite resource with high-grade intercepts and clear next steps for infill drilling. - Positive factor: Maiden resource establishment - Positive factor: High-grade graphite \(up to 8.96% Cg\) - Positive factor: Strategic location near processing facility - Positive factor: NI 43-101 compliant disclosure - Negative factor: 100% Inferred component in some zones - Negative factor: Resource is not yet a Reserve Facts used in scoring: 10 ## Classification and evidence **Maiden Resource** Polarity: neutral Definition: First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. No prior estimate exists, so every change band is not applicable. Why it applies: The company announces an 'initial Mineral Resource estimate'. Evidence · text > Announces Initial Mineral Resource Estimate **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The resource was prepared in accordance with NI 43-101 standards. Evidence · text > as defined under National Instrument 43-101 Standards of Disclosure **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: The cut-off grade of 3.00% Cg is clearly stated. Evidence · text > Mineral Resource is reported at 3.00% Cg cut-off ## Extracted facts Stored fact records: 10. Some facts used in scoring do not have a stored record. ## Resource Estimates (10) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/graphano-energy-ltd-announces-initial-mineral-resource-estimate-for-its-lac-sagu--1341f667-63c6-4619-b405-391f663f6ab9#fact-resource-facts-0) Lac Saguay Graphite Project · graphite #### Identity - Project: Lac Saguay Graphite Project - Commodity: graphite - Region: canada\_qc - Reported Region: Québec, Canada - Ticker: GEL #### Resource scope - Estimate type: resource - Effective date: 2025-07-15T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:7a85bbab82a26d9c74f1 - Deposit or zone: LAB Pit Zone - Mining method: open\_pit - Material type: unknown - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 250000 - Grade: 8.96 - Grade Unit: % - Cutoff Grade: 3 - Cutoff Unit: % Cg #### Prior Estimate - Resource Date: 2025-07-15 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-07-17T00:00:00.000Z Reasoning: High-grade indicated resource in the Pit Zone. - Positive factor: High grade intercept Evidence · table > 8.96 Context: 250,000 #### 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 **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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/graphano-energy-ltd-announces-initial-mineral-resource-estimate-for-its-lac-sagu--1341f667-63c6-4619-b405-391f663f6ab9#fact-resource-facts-1) Lac Saguay Graphite Project · graphite #### Identity - Project: Lac Saguay Graphite Project - Commodity: graphite - Region: canada\_qc - Reported Region: Québec, Canada - Ticker: GEL #### Resource scope - Estimate type: resource - Effective date: 2025-07-15T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:15f3cf86313a308a96d9 - Deposit or zone: LAB Pit Zone - Mining method: open\_pit - Material type: unknown - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 100000 - Grade: 7.28 - Grade Unit: % - Cutoff Grade: 3 - Cutoff Unit: % Cg #### Prior Estimate - Resource Date: 2025-07-15 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-07-17T00:00:00.000Z Reasoning: Inferred resource in the Pit Zone. - Positive factor: Strong grade - Negative factor: Inferred category Evidence · table > 7.28 Context: 100,000 #### 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 **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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/graphano-energy-ltd-announces-initial-mineral-resource-estimate-for-its-lac-sagu--1341f667-63c6-4619-b405-391f663f6ab9#fact-resource-facts-2) Lac Saguay Graphite Project · graphite #### Identity - Project: Lac Saguay Graphite Project - Commodity: graphite - Region: canada\_qc - Reported Region: Québec, Canada - Ticker: GEL #### Resource scope - Estimate type: resource - Effective date: 2025-07-15T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:75b3d413101588cf8de1 - Deposit or zone: LAB Zone 1 - Mining method: open\_pit - Material type: unknown - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 70000 - Grade: 5.92 - Grade Unit: % - Cutoff Grade: 3 - Cutoff Unit: % Cg #### Prior Estimate - Resource Date: 2025-07-15 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-07-17T00:00:00.000Z Reasoning: Indicated resource in Zone 1. Evidence · table > 5.92 Context: 70,000 #### 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 **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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/graphano-energy-ltd-announces-initial-mineral-resource-estimate-for-its-lac-sagu--1341f667-63c6-4619-b405-391f663f6ab9#fact-resource-facts-3) Lac Saguay Graphite Project · graphite #### Identity - Project: Lac Saguay Graphite Project - Commodity: graphite - Region: canada\_qc - Reported Region: Québec, Canada - Ticker: GEL #### Resource scope - Estimate type: resource - Effective date: 2025-07-15T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:938a43b4d5d247dc1bef - Deposit or zone: LAB Zone 1 - Mining method: open\_pit - Material type: unknown - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 120000 - Grade: 5.81 - Grade Unit: % - Cutoff Grade: 3 - Cutoff Unit: % Cg #### Prior Estimate - Resource Date: 2025-07-15 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-07-17T00:00:00.000Z Reasoning: Inferred resource in Zone 1. - Negative factor: Inferred category Evidence · table > 5.81 Context: 120,000 #### 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 **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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/graphano-energy-ltd-announces-initial-mineral-resource-estimate-for-its-lac-sagu--1341f667-63c6-4619-b405-391f663f6ab9#fact-resource-facts-4) Lac Saguay Graphite Project · graphite #### Identity - Project: Lac Saguay Graphite Project - Commodity: graphite - Region: canada\_qc - Reported Region: Québec, Canada - Ticker: GEL #### Resource scope - Estimate type: resource - Effective date: 2025-07-15T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:0ce8aa81c49b373c1933 - Deposit or zone: LAB Zone 3 - Mining method: open\_pit - Material type: unknown - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 370000 - Grade: 7.76 - Grade Unit: % - Cutoff Grade: 3 - Cutoff Unit: % Cg #### Prior Estimate - Resource Date: 2025-07-15 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-07-17T00:00:00.000Z Reasoning: Indicated resource in Zone 3. - Positive factor: Strong grade Evidence · table > 7.76 Context: 370,000 #### 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 **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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/graphano-energy-ltd-announces-initial-mineral-resource-estimate-for-its-lac-sagu--1341f667-63c6-4619-b405-391f663f6ab9#fact-resource-facts-5) Lac Saguay Graphite Project · graphite #### Identity - Project: Lac Saguay Graphite Project - Commodity: graphite - Region: canada\_qc - Reported Region: Québec, Canada - Ticker: GEL #### Resource scope - Estimate type: resource - Effective date: 2025-07-15T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:8ee1f07490c8467907fe - Deposit or zone: LAB Zone 3 - Mining method: open\_pit - Material type: unknown - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 380000 - Grade: 6.89 - Grade Unit: % - Cutoff Grade: 3 - Cutoff Unit: % Cg #### Prior Estimate - Resource Date: 2025-07-15 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-07-17T00:00:00.000Z Reasoning: Inferred resource in Zone 3. - Negative factor: Inferred category Evidence · table > 6.89 Context: 380,000 #### 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 **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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/graphano-energy-ltd-announces-initial-mineral-resource-estimate-for-its-lac-sagu--1341f667-63c6-4619-b405-391f663f6ab9#fact-resource-facts-6) Lac Saguay Graphite Project · graphite #### Identity - Project: Lac Saguay Graphite Project - Commodity: graphite - Region: canada\_qc - Reported Region: Québec, Canada - Ticker: GEL #### Resource scope - Estimate type: resource - Effective date: 2025-07-15T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:24cbcf850b149472e889 - Deposit or zone: Standard - Mining method: open\_pit - Material type: unknown - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 950000 - Grade: 6.27 - Grade Unit: % - Cutoff Grade: 3 - Cutoff Unit: % Cg #### Prior Estimate - Resource Date: 2025-07-15 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-07-17T00:00:00.000Z Reasoning: Indicated resource at Standard property. Evidence · table > 6.27 Context: 950,000 #### 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 **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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/graphano-energy-ltd-announces-initial-mineral-resource-estimate-for-its-lac-sagu--1341f667-63c6-4619-b405-391f663f6ab9#fact-resource-facts-7) Lac Saguay Graphite Project · graphite #### Identity - Project: Lac Saguay Graphite Project - Commodity: graphite - Region: canada\_qc - Reported Region: Québec, Canada - Ticker: GEL #### Resource scope - Estimate type: resource - Effective date: 2025-07-15T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:6bc883509648e3337843 - Deposit or zone: Standard - Mining method: open\_pit - Material type: unknown - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 980000 - Grade: 7.16 - Grade Unit: % - Cutoff Grade: 3 - Cutoff Unit: % Cg #### Prior Estimate - Resource Date: 2025-07-15 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-07-17T00:00:00.000Z Reasoning: Inferred resource at Standard property. - Negative factor: Inferred category Evidence · table > 7.16 Context: 980,000 #### 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 **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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/graphano-energy-ltd-announces-initial-mineral-resource-estimate-for-its-lac-sagu--1341f667-63c6-4619-b405-391f663f6ab9#fact-resource-facts-8) Lac Saguay Graphite Project · graphite #### Identity - Project: Lac Saguay Graphite Project - Commodity: graphite - Region: canada\_qc - Reported Region: Québec, Canada - Ticker: GEL #### Resource scope - Estimate type: resource - Effective date: 2025-07-15T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:76605d2f68409cab5311 - Deposit or zone: Total - Mining method: open\_pit - Material type: unknown - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 1640000 - Grade: 7 - Grade Unit: % - Cutoff Grade: 3 - Cutoff Unit: % Cg #### Prior Estimate - Resource Date: 2025-07-15 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-07-17T00:00:00.000Z Reasoning: Total Indicated resource for the project. - Positive factor: Significant total tonnage Evidence · table > 7.00 Context: 1,640,000 #### 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 **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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/graphano-energy-ltd-announces-initial-mineral-resource-estimate-for-its-lac-sagu--1341f667-63c6-4619-b405-391f663f6ab9#fact-resource-facts-9) Lac Saguay Graphite Project · graphite #### Identity - Project: Lac Saguay Graphite Project - Commodity: graphite - Region: canada\_qc - Reported Region: Québec, Canada - Ticker: GEL #### Resource scope - Estimate type: resource - Effective date: 2025-07-15T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:7ddc0f3e91ef60884a5f - Deposit or zone: Total - Mining method: open\_pit - Material type: unknown - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 1580000 - Grade: 7 - Grade Unit: % - Cutoff Grade: 3 - Cutoff Unit: % Cg #### Prior Estimate - Resource Date: 2025-07-15 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-07-17T00:00:00.000Z Reasoning: Total Inferred resource for the project. - Negative factor: Inferred category Evidence · table > 7.00 Context: 1,580,000 #### 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 **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 ## 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.