# Cartier Announces Filing of Updated Mineral Resource Estimate Technical Report for the Cadillac Project

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/cartier-announces-filing-of-updated-mineral-resource-estimate-technical-report-f--1c89d8bb-d46e-4707-850d-50a1539629f1

Original source: https://money.tmx.com/en/quote/ECR/news/4912366021111984/cartier-announces-filing-of-updated-mineral-resource-estimate-technical-report-f

Publisher: tmx

Original announcement: 2026-01-28T14:00:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Cartier Resources Inc.

- Ticker: ECR

- Exchange: TSX

- Region: Val-d’Or, Quebec

- Primary commodity: Gold

- Secondary commodities: None reported

- Document categories: Resource update

- Extracted: 2026-08-24 07:14:31 UTC

Narrative sentiment: 0.70 · Bullish

## Minestarters Atlas summary

Cartier Resources has filed an updated NI 43-101 compliant Mineral Resource Estimate for the Cadillac Project. The update reports a total gold resource of 35.2 Mt at 2.14 g/t Au, featuring significant growth in Inferred tonnage and a robust underground-constrained resource base.

Reasoning: The update shows significant tonnage growth in both M&I \(7%\) and Inferred \(48%\) categories compared to the 2023 PEA, though the resource remains heavily weighted toward the Inferred category.

- Positive factor: Tonnage growth in M&I and Inferred categories

- Positive factor: High M&I percentage for a large-scale project

- Positive factor: QP/CP sign-off provided

- Positive factor: NI 43-101 compliance

- Negative factor: Large Inferred component \(75% of total resource\)

Facts used in scoring: 10

## Classification and evidence

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: The report is explicitly stated to be NI 43-101 compliant.

Evidence · text

> filed the National Instrument 43-101-compliant \(" NI 43-101 "\)

**QP/CP Signed**

Polarity: positive

Definition: 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 \(P.Geo and P.Eng\) are named and have approved the content.

Evidence · text

> prepared, reviewed and approved by Mr. Ronan Déroff, P.Geo.

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: A significant portion \(75%\) of the total resource is in the Inferred category.

Evidence · text

> 35,185,000 tonnes at a grade of 2.14 g/t Au for 2,416,900 ounces Inferred

**Tonnage Growth**

Polarity: positive

Definition: Significant tonnage increase \(≥15%\) vs prior estimate with grade maintained or improved.

Why it applies: The M&I resource tonnage increased by 7% compared to the 2023 PEA.

Evidence · text

> total gold resources now contains 9,953,000 tonnes... M&I \(a 7% increase \)

**Contained Metal Growth**

Polarity: positive

Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.

Why it applies: The Inferred resource tonnage increased by 48% compared to the 2023 PEA.

Evidence · text

> 35,185,000 tonnes... Inferred \(a 48% increase \)

## Extracted facts

Stored fact records: 10. Some facts used in scoring do not have a stored record.

## Resource Estimates (10)

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/cartier-announces-filing-of-updated-mineral-resource-estimate-technical-report-f--1c89d8bb-d46e-4707-850d-50a1539629f1#fact-resource-facts-0)

gold

#### Identity

- Commodity: gold
- Ticker: ECR

#### Resource Data

- Category: measured
- Tonnes: 1770000
- Grade: 2.16
- Grade Unit: g/t
- Contained Metal: 123300
- Contained Unit: oz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-01-28T00:00:00.000Z

Reasoning: Measured open pit resource component.

Evidence · table

> 2.16

Context: 1,770,000

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/cartier-announces-filing-of-updated-mineral-resource-estimate-technical-report-f--1c89d8bb-d46e-4707-850d-50a1539629f1#fact-resource-facts-1)

gold

#### Identity

- Commodity: gold
- Ticker: ECR

#### Resource Data

- Category: measured
- Tonnes: 4210000
- Grade: 2.8
- Grade Unit: g/t
- Contained Metal: 379300
- Contained Unit: oz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-01-28T00:00:00.000Z

Reasoning: Measured underground resource component.

Evidence · table

> 2.80

Context: 4,210,000

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/cartier-announces-filing-of-updated-mineral-resource-estimate-technical-report-f--1c89d8bb-d46e-4707-850d-50a1539629f1#fact-resource-facts-2)

gold

#### Identity

- Commodity: gold
- Ticker: ECR

#### Resource Data

- Category: indicated
- Tonnes: 1730000
- Grade: 1.52
- Grade Unit: g/t
- Contained Metal: 84500
- Contained Unit: oz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-01-28T00:00:00.000Z

Reasoning: Indicated open pit resource component.

Evidence · table

> 1.52

Context: 1,730,000

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/cartier-announces-filing-of-updated-mineral-resource-estimate-technical-report-f--1c89d8bb-d46e-4707-850d-50a1539629f1#fact-resource-facts-3)

gold

#### Identity

- Commodity: gold
- Ticker: ECR

#### Resource Data

- Category: indicated
- Tonnes: 2240000
- Grade: 2.51
- Grade Unit: g/t
- Contained Metal: 180600
- Contained Unit: oz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-01-28T00:00:00.000Z

Reasoning: Indicated underground resource component.

Evidence · table

> 2.51

Context: 2,240,000

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/cartier-announces-filing-of-updated-mineral-resource-estimate-technical-report-f--1c89d8bb-d46e-4707-850d-50a1539629f1#fact-resource-facts-4)

gold

#### Identity

- Commodity: gold
- Ticker: ECR

#### Resource Data

- Category: measured
- Tonnes: 5988000
- Grade: 2.61
- Grade Unit: g/t
- Contained Metal: 502600
- Contained Unit: oz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-01-28T00:00:00.000Z

Reasoning: Total Measured resource component.

Evidence · table

> 2.61

Context: 5,988,000

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/cartier-announces-filing-of-updated-mineral-resource-estimate-technical-report-f--1c89d8bb-d46e-4707-850d-50a1539629f1#fact-resource-facts-5)

gold

#### Identity

- Commodity: gold
- Ticker: ECR

#### Resource Data

- Category: indicated
- Tonnes: 3965000
- Grade: 2.08
- Grade Unit: g/t
- Contained Metal: 265200
- Contained Unit: oz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-01-28T00:00:00.000Z

Reasoning: Total Indicated resource component.

Evidence · table

> 2.08

Context: 3,965,000

### measured & indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/cartier-announces-filing-of-updated-mineral-resource-estimate-technical-report-f--1c89d8bb-d46e-4707-850d-50a1539629f1#fact-resource-facts-6)

gold

#### Identity

- Commodity: gold
- Ticker: ECR

#### Resource Data

- Category: measured & indicated
- Tonnes: 9953000
- Grade: 2.4
- Grade Unit: g/t
- Contained Metal: 767800
- Contained Unit: oz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-01-28T00:00:00.000Z

Reasoning: Combined M&I resource component.

- Positive factor: 7% increase in M&I tonnes vs 2023 PEA

Evidence · table

> 2.40

Context: 9,953,000

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/cartier-announces-filing-of-updated-mineral-resource-estimate-technical-report-f--1c89d8bb-d46e-4707-850d-50a1539629f1#fact-resource-facts-7)

gold

#### Identity

- Commodity: gold
- Ticker: ECR

#### Resource Data

- Category: inferred
- Tonnes: 35185000
- Grade: 2.14
- Grade Unit: g/t
- Contained Metal: 2416900
- Contained Unit: oz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-01-28T00:00:00.000Z

Reasoning: Total Inferred resource component.

- Positive factor: 48% increase in Inferred tonnes vs 2023 PEA

- Negative factor: High proportion of Inferred resource

Evidence · table

> 2.14

Context: 35,185,000

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/cartier-announces-filing-of-updated-mineral-resource-estimate-technical-report-f--1c89d8bb-d46e-4707-850d-50a1539629f1#fact-resource-facts-8)

gold

#### Identity

- Commodity: gold
- Ticker: ECR

#### Resource Data

- Category: inferred
- Tonnes: 4740000
- Grade: 1.13
- Grade Unit: g/t
- Contained Metal: 172600
- Contained Unit: oz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-01-28T00:00:00.000Z

Reasoning: Inferred open pit resource component.

Evidence · table

> 1.13

Context: 4,740,000

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/cartier-announces-filing-of-updated-mineral-resource-estimate-technical-report-f--1c89d8bb-d46e-4707-850d-50a1539629f1#fact-resource-facts-9)

gold

#### Identity

- Commodity: gold
- Ticker: ECR

#### Resource Data

- Category: inferred
- Tonnes: 30450000
- Grade: 2.29
- Grade Unit: g/t
- Contained Metal: 2244200
- Contained Unit: oz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-01-28T00:00:00.000Z

Reasoning: Inferred underground resource component.

Evidence · table

> 2.29

Context: 30,450,000

## 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.