Cartier Resources files Cadillac MRE technical report

Executive Summary

• Cartier Resources Inc. has filed an updated National Instrument 43-101-compliant mineral resource estimate (MRE) technical report for its 100%-owned Cadillac Project in Val d'Or, Quebec.
• The updated resource reflects a significant increase in gold ounces compared to the 2023 Preliminary Economic Assessment (PEA), driven by the consolidation of all gold sectors and new drilling data.
• The report highlights a large underground resource base supported by existing infrastructure, offering flexible development pathways and significant exploration upside.

Key Details

• Total Gold Resource:
  • Measured & Indicated (M&I): 9,953,000 tonnes at 2.40 g/t Au for 767,800 ounces (a 7% increase vs. 2023 PEA).
  • Inferred: 35,185,000 tonnes at 2.14 g/t Au for 2,416,900 ounces (a 48% increase vs. 2023 PEA).
• Drilling Data: The estimate incorporates approximately 110,000 metres of drilling completed by Cartier from 2016 to 2024, plus 420,000 metres from previous mining companies.
• Measured Resource Specifics: 5,988,000 tonnes at 2.61 g/t Au for 502,600 ounces, representing 25% of total resources.
• Pit-Constrained Resources: 12% of total gold resources are pit-constrained, offering near-term optionality:
  • M&I: 3.5 million tonnes at 1.84 g/t Au for 207,800 ounces.
  • Inferred: 4.74 million tonnes at 1.13 g/t Au for 172,600 ounces.
• Underground Resources: Over 88% of total gold resources are underground-constrained:
  • M&I: 6.45 million tonnes at 2.70 g/t Au for 559,900 ounces.
  • Inferred: 30.45 million tonnes at 2.29 g/t Au for 2,244,200 ounces.
• Infrastructure: The project benefits from historical infrastructure including a 920-metre shaft, 500-metre ramp, and seven kilometres of drifts, which could reduce future capital requirements.
• Exploration Upside: Gold sectors extend over nine kilometres along the Cadillac and Heva fault zones, covering 66% of a 15-kilometre prospective corridor, leaving six kilometres of strike open for expansion.
• High-Quality Core Sector: The Chimo, East Chimo, and West Nordeau deposits host 87% of total resources within a three-kilometre trend and remain open at depth and along strike.
• Exploration Target: A conceptual target of 8–12 million tonnes grading 2.2–2.8 g/t Au, representing 600,000–1.1 million ounces of gold.
• Qualified Persons:
  • Internal: Ronan Deroff, PGeo, MSc, Vice-President, Exploration.
  • Independent: Pierre-Luc Richard, PGeo (PLR Resources Inc.) and Stephen Coates, PEng (Evomine Consulting).
• Report Details: Effective date of November 11, 2025. Report titled "NI 43-101 Technical Report and Mineral Resource Estimate on the Cadillac Project, Val-d'Or, Abitibi, Quebec, Canada."

Notable Quotes

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