# Graphano Engages Mercator for NI 43-101 Resource Estimate and Launches Exploration at Black Pearl Project Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/graphano-engages-mercator-for-ni-43-101-resource-estimate-and-launches-explorati--57e9e64b-1025-40f0-aa5b-ed116c1dc1a3 Original source: https://money.tmx.com/en/quote/GEL/news/5293533063610509/graphano-engages-mercator-for-ni-43-101-resource-estimate-and-launches-explorati Publisher: tmx Original announcement: 2025-05-06T04:15:00.000Z 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, Other - Extracted: 2026-09-12 05:45:51 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary Graphano Energy has engaged Mercator Geological Services to prepare a NI 43-101 compliant mineral resource estimate for the Lac Aux Bouleaux and Standard Mine projects. Simultaneously, the company has launched a new exploration program at the Black Pearl graphite property in Québec. Reasoning: The company is advancing towards a formal resource estimate and initiating new exploration, which are key de-risking milestones. - Positive factor: Engagement of Mercator for NI 43-101 resource estimate - Positive factor: Commencement of exploration program at Black Pearl - Positive factor: High-grade historical channel samples \(17.9% Cg\) Facts used in scoring: 4 ## Classification and evidence **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: Company has engaged Mercator to prepare a NI 43-101 compliant mineral resource estimate. Evidence · text > engaged Mercator... to prepare a National Instrument 43-101 \(" NI 43-101 "\) compliant mineral resource estimate ## Extracted facts Stored fact records: 4. Some facts used in scoring do not have a stored record. ## Resource Estimates (4) ### Fact 1 [Link to this fact](https://atlas-extractions.minestarters.com/news/graphano-engages-mercator-for-ni-43-101-resource-estimate-and-launches-explorati--57e9e64b-1025-40f0-aa5b-ed116c1dc1a3#fact-resource-facts-0) Black Pearl · graphite Historical result Needs review: historical\_restatement #### Identity - Project: Black Pearl - Commodity: graphite - Region: canada\_qc - Reported Region: Québec, Canada - Ticker: GEL #### Resource scope - Resource group id: resource:141085e0c6144833eb4f #### Resource Data - Grade: 15.1 - Grade Unit: % Cg #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-07-16T00:00:00.000Z #### Dates - Event date: 2025-05-06T00:00:00.000Z Reasoning: High-grade channel sample reported as part of historical discovery highlights. - Positive factor: High grade and significant width - Negative factor: Historical data re-release Evidence · text > 15.1% Cg over 14 m #### Tags used in scoring **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 **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 **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 ### Fact 2 [Link to this fact](https://atlas-extractions.minestarters.com/news/graphano-engages-mercator-for-ni-43-101-resource-estimate-and-launches-explorati--57e9e64b-1025-40f0-aa5b-ed116c1dc1a3#fact-resource-facts-1) Black Pearl · graphite Historical result Needs review: historical\_restatement #### Identity - Project: Black Pearl - Commodity: graphite - Region: canada\_qc - Reported Region: Québec, Canada - Ticker: GEL #### Resource scope - Resource group id: resource:141085e0c6144833eb4f #### Resource Data - Grade: 17.9 - Grade Unit: % Cg #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-07-16T00:00:00.000Z #### Dates - Event date: 2025-05-06T00:00:00.000Z Reasoning: High-grade channel sample reported as part of historical discovery highlights. - Positive factor: Very high grade - Negative factor: Historical data re-release Evidence · text > 17.9% Cg over 9 m #### Tags used in scoring **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 **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 **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 ### Fact 3 [Link to this fact](https://atlas-extractions.minestarters.com/news/graphano-engages-mercator-for-ni-43-101-resource-estimate-and-launches-explorati--57e9e64b-1025-40f0-aa5b-ed116c1dc1a3#fact-resource-facts-2) Black Pearl · graphite Historical result Needs review: historical\_restatement #### Identity - Project: Black Pearl - Commodity: graphite - Region: canada\_qc - Reported Region: Québec, Canada - Ticker: GEL #### Resource scope - Resource group id: resource:141085e0c6144833eb4f #### Resource Data - Grade: 20.1 - Grade Unit: % Cg #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-07-16T00:00:00.000Z #### Dates - Event date: 2025-05-06T00:00:00.000Z Reasoning: High-grade grab sample from historical prospecting. - Positive factor: Exceptional grade - Negative factor: Historical data re-release Evidence · text > returned grades of 20.1% Cg #### Tags used in scoring **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 **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 **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 ### Fact 4 [Link to this fact](https://atlas-extractions.minestarters.com/news/graphano-engages-mercator-for-ni-43-101-resource-estimate-and-launches-explorati--57e9e64b-1025-40f0-aa5b-ed116c1dc1a3#fact-resource-facts-3) Black Pearl · graphite Historical result Needs review: historical\_restatement #### Identity - Project: Black Pearl - Commodity: graphite - Region: canada\_qc - Reported Region: Québec, Canada - Ticker: GEL #### Resource scope - Resource group id: resource:141085e0c6144833eb4f #### Resource Data - Grade: 15.6 - Grade Unit: % Cg #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-07-16T00:00:00.000Z #### Dates - Event date: 2025-05-06T00:00:00.000Z Reasoning: High-grade grab sample from historical prospecting. - Positive factor: High grade - Negative factor: Historical data re-release Evidence · text > and 15.6% Cg #### Tags used in scoring **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 **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 **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 ## 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.