Lomiko Metals Inc. Files a Positive Preliminary Feasibility Study For La Loutre Graphite Project on SEDAR
Original announcement by tmx on
- Company
- Lomiko Metals Inc.
- Ticker
- LMR
- Exchange
- TSX
- Region
- Quebec, Canada
- Primary commodity
- Graphite
- Secondary commodities
- None reported
- Document categories
- Resource update, Other
- Extracted
- 2026-09-12 10:44:15 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Lomiko Metals has filed its Preliminary Feasibility Study (PFS) for the La Loutre Graphite Project in Quebec. The study reports probable reserves of 46.8 Mt at 4.79% Cg and demonstrates strong economics with an after-tax NPV of CA$617.4 M.
Reasoning: The filing of the PFS technical report formalizes previously announced results, including the declaration of probable reserves and strong economic indicators for the La Loutre project.
Positive factors
- Declaration of probable reserves
- Strong economic metrics (NPV CA$797.5M, 30.3% IRR)
- High recovery (93.0%)
- Long mine life (28 years)
Negative factors
- Results were previously reported in March 2026
Facts used in scoring: 4
Classification and evidence
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The report was prepared in accordance with NI 43-101 standards.
Evidence · text
“prepared in accordance with National Instrument 43-101”
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: The PFS includes the declaration of probable mineral reserves.
Evidence · text
“The Project has probable mineral reserves prepared in accordance with NI 43-101”
Extracted facts
Stored fact records: 4. Some facts used in scoring do not have a stored record.
Resource Estimates (4)
probableLa Loutre Graphite Project · graphiteTonnes: 46800000Grade: 4.79Grade Unit: % CgContained Metal: 2.24Contained Unit: mtHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- La Loutre Graphite Project
- Commodity
- graphite
- Region
- canada_qc
- Reported Region
- Quebec, Canada
- Ticker
- LMR
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Colin Fyfe, Danielle Demers, David Sims, Denys Vermette, Georgi Doundarov, Jessica Breault, Jordan Zampini, Kerrine Azougarh, Marina Iund, Oliver Peters
- Resource group id
- resource:4fed5657640868f1ca8d
- Deposit or zone
- La Loutre
Resource Data
- Category
- probable
- Tonnes
- 46800000
- Grade
- 4.79
- Grade Unit
- % Cg
- Contained Metal
- 2.24
- Contained Unit
- mt
- Cutoff Grade
- 1.5
- Cutoff Unit
- % Cg
Prior Estimate
- Resource Date
- 2026-03-24
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-03-24T00:00:00.000Z
Dates
- Event date
- 2026-05-08T00:00:00.000Z
Reasoning: Declaration of probable reserves at a high grade of 4.79% Cg.
Positive factors
- Probable reserve status
Negative factors
- Previously reported
Evidence · text
“The Project has probable mineral reserves... 46.8 Mt at an average grade of 4.79% Cg”
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
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: % CgContained Metal: 9700Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- La Loutre Graphite Project
- Commodity
- graphite
- Region
- canada_qc
- Reported Region
- Quebec, Canada
- Ticker
- LMR
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Colin Fyfe, Danielle Demers, David Sims, Denys Vermette, Georgi Doundarov, Jessica Breault, Jordan Zampini, Kerrine Azougarh, Marina Iund, Oliver Peters
- Resource group id
- resource:0bc4875bb0fa8986b5de
- Deposit or zone
- La Loutre
Resource Data
- Category
- measured
- Tonnes
- 215000
- Grade
- 4.47
- Grade Unit
- % Cg
- Contained Metal
- 9700
- Contained Unit
- kt
- Cutoff Grade
- 0.95
- Cutoff Unit
- % Cg
Prior Estimate
- Resource Date
- 2026-03-24
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-03-24T00:00:00.000Z
Dates
- Event date
- 2026-05-08T00:00:00.000Z
Reasoning: Measured resource component of the PFS.
Positive factors
- Measured category
Negative factors
- Previously reported
Evidence · text
“a measured resource of 215 kt at a 4.47 % Cg grade for 9,7 kt of graphite”
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
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: % CgContained Metal: 3075Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- La Loutre Graphite Project
- Commodity
- graphite
- Region
- canada_qc
- Reported Region
- Quebec, Canada
- Ticker
- LMR
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Colin Fyfe, Danielle Demers, David Sims, Denys Vermette, Georgi Doundarov, Jessica Breault, Jordan Zampini, Kerrine Azougarh, Marina Iund, Oliver Peters
- Resource group id
- resource:a5b1f80b7f6335e073cf
- Deposit or zone
- La Loutre
Resource Data
- Category
- indicated
- Tonnes
- 69741000
- Grade
- 4.41
- Grade Unit
- % Cg
- Contained Metal
- 3075
- Contained Unit
- kt
- Cutoff Grade
- 0.95
- Cutoff Unit
- % Cg
Prior Estimate
- Resource Date
- 2026-03-24
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-03-24T00:00:00.000Z
Dates
- Event date
- 2026-05-08T00:00:00.000Z
Reasoning: Indicated resource component of the PFS.
Positive factors
- Indicated category
Negative factors
- Previously reported
Evidence · text
“an indicated resource of 69,741 kt at a 4.41 % Cg grade for 3,075 kt of graphite”
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
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: % CgContained Metal: 716Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- La Loutre Graphite Project
- Commodity
- graphite
- Region
- canada_qc
- Reported Region
- Quebec, Canada
- Ticker
- LMR
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Colin Fyfe, Danielle Demers, David Sims, Denys Vermette, Georgi Doundarov, Jessica Breault, Jordan Zampini, Kerrine Azougarh, Marina Iund, Oliver Peters
- Resource group id
- resource:225ee9c5071ac929d41c
- Deposit or zone
- La Loutre
Resource Data
- Category
- inferred
- Tonnes
- 20279000
- Grade
- 3.53
- Grade Unit
- % Cg
- Contained Metal
- 716
- Contained Unit
- kt
- Cutoff Grade
- 0.95
- Cutoff Unit
- % Cg
Prior Estimate
- Resource Date
- 2026-03-24
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-03-24T00:00:00.000Z
Dates
- Event date
- 2026-05-08T00:00:00.000Z
Reasoning: Inferred resource component of the PFS.
Negative factors
- Inferred category
Evidence · text
“an inferred resource of 20,279 kt at a 3.53 % Cg grade for 716 kt of graphite”
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
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
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.