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, Metallurgy
- Extracted
- 2026-08-20 23:14:19 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 formalizes previously reported results, confirming strong economic viability with a 24.7% after-tax IRR and significant graphite reserves.
Positive factors
- Declaration of probable reserves
- Strong economic metrics (NPV/IRR)
- High metallurgical recovery (93%)
- Long mine life (28 years)
Negative factors
- Results are a restatement of March 2026 news release
Facts used in scoring: 5
Classification and evidence
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: The PFS declares 46.8 Mt of probable reserves at 4.79% Cg.
Evidence · text
“The Project has probable mineral reserves... of 46.8 Mt at an average grade of 4.79% Cg”
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: LOM average mill recovery is 93.0% for graphite.
Evidence · text
“Average LOM mill recovery of 93.0% Cg.”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The PFS was prepared in accordance with NI 43-101 standards.
Evidence · text
“prepared in accordance with National Instrument 43-101”
Extracted facts
Stored fact records: 5. Some facts used in scoring do not have a stored record.
Resource Estimates (5)
probablegraphiteTonnes: 46800000Grade: 4.79Grade Unit: % CgContained Metal: 2240000Contained Unit: tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Commodity
- graphite
- Ticker
- LMR
Resource Data
- Category
- probable
- Tonnes
- 46800000
- Grade
- 4.79
- Grade Unit
- % Cg
- Contained Metal
- 2240000
- Contained Unit
- t
- Cutoff Grade
- 1.5
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: Probable reserves established at a 1.5% cut-off.
Positive factors
- Significant tonnage and grade
Negative factors
- Restatement of prior results
Evidence · text
“The Project has probable mineral reserves... of 46.8 Mt at an average grade of 4.79% Cg”
measuredgraphiteTonnes: 215000Grade: 4.47Grade Unit: % CgContained Metal: 9700Contained Unit: ktView all detailsHide details
Identity
- Commodity
- graphite
- Ticker
- LMR
Resource Data
- Category
- measured
- Tonnes
- 215000
- Grade
- 4.47
- Grade Unit
- % Cg
- Contained Metal
- 9700
- Contained Unit
- kt
- Cutoff Grade
- 0.95
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-08T00:00:00.000Z
Reasoning: Measured resource component of the PFS.
Positive factors
- High grade for measured category
Evidence · text
“a measured resource of 215 kt at a 4.47 % Cg grade for 9,7 kt of graphite”
indicatedgraphiteTonnes: 69741000Grade: 4.41Grade Unit: % CgContained Metal: 3075000Contained Unit: ktView all detailsHide details
Identity
- Commodity
- graphite
- Ticker
- LMR
Resource Data
- Category
- indicated
- Tonnes
- 69741000
- Grade
- 4.41
- Grade Unit
- % Cg
- Contained Metal
- 3075000
- Contained Unit
- kt
- Cutoff Grade
- 0.95
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-08T00:00:00.000Z
Reasoning: Indicated resource component of the PFS.
Positive factors
- Large tonnage indicated resource
Evidence · text
“an indicated resource of 69,741 kt at a 4.41 % Cg grade for 3,075 kt of graphite”
inferredgraphiteTonnes: 20279000Grade: 3.53Grade Unit: % CgContained Metal: 716000Contained Unit: ktView all detailsHide details
Identity
- Commodity
- graphite
- Ticker
- LMR
Resource Data
- Category
- inferred
- Tonnes
- 20279000
- Grade
- 3.53
- Grade Unit
- % Cg
- Contained Metal
- 716000
- Contained Unit
- kt
- Cutoff Grade
- 0.95
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-08T00:00:00.000Z
Reasoning: Inferred resource component of the PFS.
Negative factors
- Inferred category limits confidence
Evidence · text
“an inferred resource of 20,279 kt at a 3.53 % Cg grade for 716 kt of graphite”
Fact 5graphiteView all detailsHide details
Identity
- Commodity
- graphite
- Ticker
- LMR
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-08T00:00:00.000Z
Reasoning: Strong LOM average recovery reported in PFS.
Positive factors
- High recovery (93%)
Evidence · text
“Average LOM mill recovery of 93.0% Cg.”
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.