Lomiko Metals Inc. Delivers Positive Preliminary Feasibility Study For La Loutre Graphite Project
Original announcement by tmx on
- Company
- Lomiko Metals Inc.
- Ticker
- LMR
- Exchange
- TSX
- Region
- Quebec
- Primary commodity
- Graphite
- Secondary commodities
- None reported
- Document categories
- Resource update, Metallurgy, Other
- Extracted
- 2026-09-12 11:03:12 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Lomiko Metals Inc. announced positive results from a Preliminary Feasibility Study (PFS) for its La Loutre Graphite Project in Quebec. The PFS outlines a 28-year mine life with robust economics, including an after-tax NPV of CAD$617.4 million and an IRR of 24.7% at a graphite price of US$1,524/t. The study includes updated mineral resource and reserve estimates, with probable reserves of 46.8 Mt at 4.79% Cg, and projects a high mill recovery rate of 93.0% producing a 97.0% Cg concentrate.
Reasoning: The Preliminary Feasibility Study for the La Loutre Graphite Project demonstrates strong economic viability with a significant after-tax NPV and IRR, supported by updated NI 43-101 compliant mineral resources and maiden probable reserves, and high metallurgical recovery rates.
Positive factors
- Strong economic metrics (NPV, IRR)
- Significant probable reserves declared
- High Measured and Indicated resource confidence
- High metallurgical recovery
- NI 43-101 compliant study
Negative factors
- Metallurgical test work based on a master composite, suggesting limited domain coverage
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 12
Classification and evidence
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: The document is a Preliminary Feasibility Study (PFS) which provides economic and technical parameters for the project.
Evidence · text
“Lomiko Metals Inc. Delivers Positive Preliminary Feasibility Study For La Loutre Graphite Project”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The PFS, mineral resource, and mineral reserve estimates were prepared in accordance with National Instrument 43-101.
Evidence · text
“The PFS was completed by DRA Global (“DRA”) in accordance with National Instrument 43-101 (“NI 43-101”).”
QP/CP Signedpositive
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: Multiple Qualified Persons (QPs) are named as responsible for the mineral resource and reserve estimates.
Evidence · text
“The independent and qualified persons for the mineral resource estimate, as defined by NI 43-101, are Marina Iund, P.Geo. (Norda Stelo), Kerrine Azougarh, P.Eng. (Norda Stelo) and Oliver Peters, P.Eng. (DRA).”
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: The mineral resource estimate includes a Measured category for the EV deposit and total.
Evidence · table
“Measured resource”
Context: EV
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: The mineral resource estimate includes a significant Indicated category for both EV and Battery deposits.
Evidence · table
“Indicated resource”
Context: EV
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The mineral resource estimate includes an Inferred category for both EV and Battery deposits.
Evidence · table
“Inferred resource”
Context: EV
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: The document declares maiden Probable Mineral Reserves for the project.
Evidence · text
“The probable mineral reserves were prepared in accordance with NI43-101 using a 1.50% Cg cut-off grade of 46.8 Mt at an average grade of 4.79% Cg for a contained in-situ graphite quantity of 2.24 Mt.”
Maiden Resourceneutral
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 document announces the declaration of maiden Probable Mineral Reserves.
Evidence · text
“declaration of reserves”
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The PFS includes updated mineral resource estimates, building upon previous studies.
Evidence · text
“updated resources”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: The cut-off grades for both mineral resources (0.95% Cg) and reserves (1.50% Cg) are clearly stated.
Evidence · text
“At the base case cut-off grade of 0.95% Cg”
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: The average LOM mill recovery rate is projected at 93.0% Cg, which is exceptional for graphite flotation.
Evidence · text
“Average LOM mill recovery of 93.0% Cg.”
Locked-Cycle Testpositive · Story-specific tag
No canonical definition is currently available.
Why it applies: Metallurgical test work included locked cycle testing (LCT) on the master composite, indicating a strong test scale.
Evidence · text
“The size distribution was derived from the lock cycle testing (LCT) on the master composite by SGS Canada Inc.”
Single Domain Onlynegative
Testing limited to one composite or domain — representativeness not established.
Why it applies: Metallurgical test work was conducted on a 'master composite', suggesting limited variability testing across different ore domains.
Evidence · text
“The size distribution was derived from the lock cycle testing (LCT) on the master composite by SGS Canada Inc.”
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: the document describes a flotation route ("flotation")
Gravity Routeneutral
Gravity separation forms a material part of the flowsheet.
Why it applies: the document describes a gravity route ("gravity")
Extracted facts
Stored fact records: 12. Some facts used in scoring do not have a stored record.
Resource Estimates (11)
measuredLa Loutre Graphite Project · graphiteTonnes: 215000Grade: 4.47Grade Unit: %Contained Metal: 9.6Contained Unit: ktView all detailsHide details
Identity
- Project
- La Loutre Graphite Project
- Commodity
- graphite
- Region
- canada_qc
- Reported Region
- Quebec
- Ticker
- LMR
Resource scope
- Estimate type
- resource
- Effective date
- 2026-02-19T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marina Iund, Kerrine Azougarh, Oliver Peters
- Resource group id
- resource:3ad3cd4bc0eb74b63d59
- Deposit or zone
- EV
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 215000
- Grade
- 4.47
- Grade Unit
- %
- Contained Metal
- 9.6
- Contained Unit
- kt
- Cutoff Grade
- 0.95
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2026-02-19
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The Measured resource for the EV deposit provides high confidence in a portion of the resource base, contributing positively to the overall project de-risking.
Positive factors
- High confidence Measured category
- NI 43-101 compliant
Evidence · table
“215”
Context: EV
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedLa Loutre Graphite Project · graphiteTonnes: 27114000Grade: 5.43Grade Unit: %Contained Metal: 1473Contained Unit: ktView all detailsHide details
Identity
- Project
- La Loutre Graphite Project
- Commodity
- graphite
- Region
- canada_qc
- Reported Region
- Quebec
- Ticker
- LMR
Resource scope
- Estimate type
- resource
- Effective date
- 2026-02-19T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marina Iund, Kerrine Azougarh, Oliver Peters
- Resource group id
- resource:24c71c2dc49b81b4f4b3
- Deposit or zone
- EV
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 27114000
- Grade
- 5.43
- Grade Unit
- %
- Contained Metal
- 1473
- Contained Unit
- kt
- Cutoff Grade
- 0.95
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2026-02-19
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The Indicated resource for the EV deposit represents a substantial portion of the project's resource base with a good grade, supporting the PFS.
Positive factors
- High confidence Indicated category
- Good grade for graphite
- NI 43-101 compliant
Evidence · table
“27,114”
Context: EV
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredLa Loutre Graphite Project · graphiteTonnes: 4021000Grade: 3.93Grade Unit: %Contained Metal: 158Contained Unit: ktView all detailsHide details
Identity
- Project
- La Loutre Graphite Project
- Commodity
- graphite
- Region
- canada_qc
- Reported Region
- Quebec
- Ticker
- LMR
Resource scope
- Estimate type
- resource
- Effective date
- 2026-02-19T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marina Iund, Kerrine Azougarh, Oliver Peters
- Resource group id
- resource:434760a6b648c4117a10
- Deposit or zone
- EV
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 4021000
- Grade
- 3.93
- Grade Unit
- %
- Contained Metal
- 158
- Contained Unit
- kt
- Cutoff Grade
- 0.95
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2026-02-19
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The Inferred resource for the EV deposit adds to the project's overall potential but carries lower geological confidence compared to Measured and Indicated categories.
Positive factors
- Adds to overall resource potential
- NI 43-101 compliant
Negative factors
- Lower confidence Inferred category
Evidence · table
“4,021”
Context: EV
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedLa Loutre Graphite Project · graphiteTonnes: 42627000Grade: 3.76Grade Unit: %Contained Metal: 1602Contained Unit: ktView all detailsHide details
Identity
- Project
- La Loutre Graphite Project
- Commodity
- graphite
- Region
- canada_qc
- Reported Region
- Quebec
- Ticker
- LMR
Resource scope
- Estimate type
- resource
- Effective date
- 2026-02-19T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marina Iund, Kerrine Azougarh, Oliver Peters
- Resource group id
- resource:a77a3a563dda67c3b088
- Deposit or zone
- Battery
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 42627000
- Grade
- 3.76
- Grade Unit
- %
- Contained Metal
- 1602
- Contained Unit
- kt
- Cutoff Grade
- 0.95
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2026-02-19
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The Indicated resource for the Battery deposit is a large component of the project's resource base, providing strong support for the PFS.
Positive factors
- High confidence Indicated category
- Significant tonnage
- NI 43-101 compliant
Evidence · table
“42,627”
Context: Battery
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredLa Loutre Graphite Project · graphiteTonnes: 16258000Grade: 3.43Grade Unit: %Contained Metal: 558Contained Unit: ktView all detailsHide details
Identity
- Project
- La Loutre Graphite Project
- Commodity
- graphite
- Region
- canada_qc
- Reported Region
- Quebec
- Ticker
- LMR
Resource scope
- Estimate type
- resource
- Effective date
- 2026-02-19T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marina Iund, Kerrine Azougarh, Oliver Peters
- Resource group id
- resource:de080436c11d8088eaab
- Deposit or zone
- Battery
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 16258000
- Grade
- 3.43
- Grade Unit
- %
- Contained Metal
- 558
- Contained Unit
- kt
- Cutoff Grade
- 0.95
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2026-02-19
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The Inferred resource for the Battery deposit contributes to the project's overall scale but requires further drilling to upgrade confidence.
Positive factors
- Adds to overall resource potential
- NI 43-101 compliant
Negative factors
- Lower confidence Inferred category
Evidence · table
“16,258”
Context: Battery
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measuredLa Loutre Graphite Project · graphiteTonnes: 215000Grade: 4.47Grade Unit: %Contained Metal: 9.6Contained Unit: ktView all detailsHide details
Identity
- Project
- La Loutre Graphite Project
- Commodity
- graphite
- Region
- canada_qc
- Reported Region
- Quebec
- Ticker
- LMR
Resource scope
- Estimate type
- resource
- Effective date
- 2026-02-19T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marina Iund, Kerrine Azougarh, Oliver Peters
- Resource group id
- resource:f74948928b32ce7ce05e
- Deposit or zone
- TOTAL
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 215000
- Grade
- 4.47
- Grade Unit
- %
- Contained Metal
- 9.6
- Contained Unit
- kt
- Cutoff Grade
- 0.95
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2026-02-19
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The total Measured resource provides a high-confidence base for the project, supporting the PFS.
Positive factors
- High confidence Measured category
- NI 43-101 compliant
Evidence · table
“215”
Context: TOTAL
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedLa Loutre Graphite Project · graphiteTonnes: 69741000Grade: 4.41Grade Unit: %Contained Metal: 3075Contained Unit: ktView all detailsHide details
Identity
- Project
- La Loutre Graphite Project
- Commodity
- graphite
- Region
- canada_qc
- Reported Region
- Quebec
- Ticker
- LMR
Resource scope
- Estimate type
- resource
- Effective date
- 2026-02-19T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marina Iund, Kerrine Azougarh, Oliver Peters
- Resource group id
- resource:0ed4ae009ed0c7b29a1f
- Deposit or zone
- TOTAL
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 69741000
- Grade
- 4.41
- Grade Unit
- %
- Contained Metal
- 3075
- Contained Unit
- kt
- Cutoff Grade
- 0.95
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2026-02-19
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The total Indicated resource forms a significant and high-confidence portion of the project's mineral inventory, underpinning the PFS.
Positive factors
- Large Indicated resource base
- Good grade for graphite
- NI 43-101 compliant
Evidence · table
“69,741”
Context: TOTAL
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredLa Loutre Graphite Project · graphiteTonnes: 20279000Grade: 3.53Grade Unit: %Contained Metal: 716Contained Unit: ktView all detailsHide details
Identity
- Project
- La Loutre Graphite Project
- Commodity
- graphite
- Region
- canada_qc
- Reported Region
- Quebec
- Ticker
- LMR
Resource scope
- Estimate type
- resource
- Effective date
- 2026-02-19T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marina Iund, Kerrine Azougarh, Oliver Peters
- Resource group id
- resource:3f298407942adf1f8ed1
- Deposit or zone
- TOTAL
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 20279000
- Grade
- 3.53
- Grade Unit
- %
- Contained Metal
- 716
- Contained Unit
- kt
- Cutoff Grade
- 0.95
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2026-02-19
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The total Inferred resource provides additional exploration upside but requires further work to achieve higher confidence categories.
Positive factors
- Adds to overall resource potential
- NI 43-101 compliant
Negative factors
- Lower confidence Inferred category
Evidence · table
“20,279”
Context: TOTAL
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableLa Loutre Graphite Project · graphiteTonnes: 18894000Grade: 5.66Grade Unit: %Contained Metal: 1070Contained Unit: ktView all detailsHide details
Identity
- Project
- La Loutre Graphite Project
- Commodity
- graphite
- Region
- canada_qc
- Reported Region
- Quebec
- Ticker
- LMR
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-02-19T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Kerrine Azougarh
- Resource group id
- resource:bdc51e4140d1c69587d5
- Deposit or zone
- EV
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 18894000
- Grade
- 5.66
- Grade Unit
- %
- Contained Metal
- 1070
- Contained Unit
- kt
- Cutoff Grade
- 1.5
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2026-02-19
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The declaration of Probable Reserves for the EV deposit is a significant de-risking event, demonstrating economic viability for a substantial portion of the resource.
Positive factors
- Maiden Probable Reserve declaration
- Good grade for graphite
- NI 43-101 compliant
Evidence · table
“18,894”
Context: EV
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableLa Loutre Graphite Project · graphiteTonnes: 27906000Grade: 4.2Grade Unit: %Contained Metal: 1171Contained Unit: ktView all detailsHide details
Identity
- Project
- La Loutre Graphite Project
- Commodity
- graphite
- Region
- canada_qc
- Reported Region
- Quebec
- Ticker
- LMR
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-02-19T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Kerrine Azougarh
- Resource group id
- resource:d4c35674dbc09f532595
- Deposit or zone
- Battery
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 27906000
- Grade
- 4.2
- Grade Unit
- %
- Contained Metal
- 1171
- Contained Unit
- kt
- Cutoff Grade
- 1.5
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2026-02-19
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The Probable Reserves for the Battery deposit add substantial economically viable tonnage to the project, further de-risking its development.
Positive factors
- Maiden Probable Reserve declaration
- Significant tonnage
- NI 43-101 compliant
Evidence · table
“27,906”
Context: Battery
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableLa Loutre Graphite Project · graphiteTonnes: 46804000Grade: 4.79Grade Unit: %Contained Metal: 2241Contained Unit: ktView all detailsHide details
Identity
- Project
- La Loutre Graphite Project
- Commodity
- graphite
- Region
- canada_qc
- Reported Region
- Quebec
- Ticker
- LMR
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-02-19T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Kerrine Azougarh
- Resource group id
- resource:e989859f085b2e617d2d
- Deposit or zone
- Total
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 46804000
- Grade
- 4.79
- Grade Unit
- %
- Contained Metal
- 2241
- Contained Unit
- kt
- Cutoff Grade
- 1.5
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2026-02-19
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The total Probable Reserves provide a robust and economically viable foundation for the La Loutre project, confirming its potential for development.
Positive factors
- Overall maiden Probable Reserve declaration
- Significant contained graphite
- Good average grade
- NI 43-101 compliant
Evidence · table
“46,804”
Context: Total
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Metallurgical Results (1)
flotationLa Loutre Graphite Project · graphiteRecovery: 93 %View all detailsHide details
Identity
- Project
- La Loutre Graphite Project
- Commodity
- graphite
- Region
- canada_qc
- Reported Region
- Quebec
- Ticker
- LMR
Test Work
- Program Status
- detailed
- Test Type
- flotation
- Processing Route
- standard flotation technology
- Sample
- master composite
Recovery
- Recovery
- 93 %
- Recovery Basis
- actual_test
- Conc. Grade
- 97
- Conc. Grade Unit
- %
Lab
- Laboratory
- SGS Canada Inc.
- Consultant
- Metpro Management Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The high recovery rate of 93.0% and concentrate grade of 97.0% Cg from flotation test work are very positive, indicating efficient processing, though the use of a master composite suggests further variability testing may be beneficial.
Positive factors
- High recovery rate for graphite flotation
- Good concentrate grade
- Locked-cycle test (LCT) provides strong confidence
Negative factors
- Test work based on a master composite, suggesting limited domain coverage
Evidence · text
“The plant has been designed to realize an average recovery of 93.0% of the graphite at a concentrate grade of 97% Cg over the life of the project based on metallurgical test work completed by SGS Canada Inc. and the process design work as part of the PFS.”
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
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.