Q2 Metals Clarifies Technical Disclosure on Initial Exploration Target at the Cisco Lithium Project in James Bay, Quebec, Canada

Executive Summary
- Q2 Metals restates and clarifies its July 21, 2025 announcement of an inaugural lithium Exploration Target on the Cisco Project after a BC Securities Commission review.
- The conceptual Exploration Target estimates 215–329 Mt of material at 1.00–1.38 % Li₂O, based on 40 drill holes (16,168 m) and extensive surface work.
- The target is purely conceptual; no mineral resource has been defined yet, but the zone remains open at depth and along strike, supporting continued drilling toward an inferred resource.
Key Details
- Exploration Target Estimate:
- Tonnes: 215 Mt (minimum) – 329 Mt (maximum)
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Grade: 1.00 % – 1.38 % Li₂O (rounded to nearest 0.01 %)
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Drilling Basis:
- 40 diamond‑core holes, total 16,167.8 m drilled.
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7,358 assay results and 156 surface rock chip samples incorporated.
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Methodology (BBA Inc.):
- Full data review and 3D modelling of pegmatite domains within the Mineralized Zone.
- Domain-specific gravity (average from 407 measurements) applied to estimate tonnage.
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Grades assigned per domain from assay results; both tonnage and grade reduced by confidence factors and reported as ranges.
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Scope Limitations:
- Target confined to the defined Mineralized Zone; does not include prospective geology outside this zone.
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Does not incorporate pending assays for drill holes 36 (lower half), 38, and 39.
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Qualified Persons:
- Todd McCracken, P.Geo., Director – Mining & Geology – Central Canada, BBA Inc. (independent).
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Neil McCallum, B.Sc., P.Geol., Vice President Exploration, Q2 Metals (company insider).
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Forward‑Looking Statements:
- Company plans to continue drilling to define an inferred mineral resource; results are pending and subject to typical exploration risks.
Notable Quotes
“We are restating our disclosure regarding the Exploration Target on the Mineralized Zone at the Cisco Project at the request of the BC Securities Commission.” – Alicia Milne, President & CEO, Q2 Metals
“The Exploration Target is a conceptual estimate… and it is uncertain if further exploration will result in the Exploration Target being delineated as a Mineral Resource.” – Alicia Milne
All boilerplate, forward‑looking disclaimer text, and company background sections have been omitted for brevity.