# Cartier tables updated PEA for Quebec gold project, shares rise Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/cartier-tables-updated-pea-for-quebec-gold-project-shares-rise--d7b5b537-b24a-4126-a860-648d57f8dd9b Original source: https://resourceworld.com/cartier-tables-updated-pea-for-quebec-gold-project-shares-rise/ Publisher: resourceworld Original announcement: 2026-09-17T13:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-17T16:17:34.476Z Atlas analysis updated: 2026-09-17T16:17:34.476Z - Company: Cartier Resources Inc. - Ticker: ECR - Exchange: Unavailable - Region: Quebec - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Resource update, Other - Extracted: 2026-09-17 16:17:35 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Cartier Resources Inc. has released an updated Preliminary Economic Assessment \(PEA\) for its Cadillac Project in Quebec, designed as an underground operation. The PEA estimates a 16.2-year mine life extracting 1.7 million ounces of gold from 23.1 million tonnes of material. Reasoning: The updated PEA for the Cadillac Project outlines a large-scale underground gold operation with significant contained metal, though it relies on a previously announced resource estimate. - Positive factor: Updated PEA provides clear economic framework - Positive factor: Significant resource scale with 1.7 Moz gold - Positive factor: Underground mining design minimizes footprint - Positive factor: Substantial exploration upside mentioned - Negative factor: High capital intensity \($1.65B total\) - Negative factor: Resource is based on Dec 2025 estimate \(not new assays in this specific text\) Facts used in scoring: 2 ## Classification and evidence **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The document presents an updated PEA incorporating a previous resource estimate. Evidence · text > announced the results of an updated preliminary economic assessment \(PEA\) **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The PEA was prepared in accordance with NI 43-101 standards. Evidence · text > prepared in accordance with National Instrument 43-101 standards ## Extracted facts Stored fact records: 2. Some facts used in scoring do not have a stored record. ## Resource Estimates (2) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/cartier-tables-updated-pea-for-quebec-gold-project-shares-rise--d7b5b537-b24a-4126-a860-648d57f8dd9b#fact-resource-facts-0) Cadillac Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Cadillac Project - Commodity: gold - Region: canada\_qc - Reported Region: Quebec - Ticker: ECR #### Resource scope - Estimate type: resource - Resource group id: resource:773be431e9047838dd8c - Deposit or zone: Cadillac Project - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 9950000 - Grade: 2.4 - Grade Unit: g/t - Contained Metal: 767800 - Contained Unit: oz #### Prior Estimate - Resource Date: 2025-12-18 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-12-18T00:00:00.000Z #### Dates - Event date: 2026-09-17T00:00:00.000Z Reasoning: Indicated resource component of the updated PEA. - Positive factor: Solid grade for underground operation - Negative factor: Is a restatement of Dec 2025 estimate Evidence · text > measured and indicated resources standing at 9.95 million tonnes of grade 2.40 g/t gold or 767,800 ounces #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/cartier-tables-updated-pea-for-quebec-gold-project-shares-rise--d7b5b537-b24a-4126-a860-648d57f8dd9b#fact-resource-facts-1) Cadillac Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Cadillac Project - Commodity: gold - Region: canada\_qc - Reported Region: Quebec - Ticker: ECR #### Resource scope - Estimate type: resource - Resource group id: resource:5ba056155da3ce0345dc - Deposit or zone: Cadillac Project - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 35200000 - Grade: 2.14 - Grade Unit: g/t - Contained Metal: 2.4 - Contained Unit: moz #### Prior Estimate - Resource Date: 2025-12-18 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-12-18T00:00:00.000Z #### Dates - Event date: 2026-09-17T00:00:00.000Z Reasoning: Inferred resource component of the updated PEA. - Positive factor: Large scale inferred resource - Negative factor: Inferred category carries higher geological risk Evidence · text > inferred resource of 35.2 million tonnes of grade 2.14 g/t gold or 2.4 million ounces #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. 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.