# Q2 logs 1.2% lithium at Cisco as PEA nears Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/q2-logs-1-2-lithium-at-cisco-as-pea-nears--f032e559-b41d-4174-8d3d-ede3b93aff1a Original source: https://www.northernminer.com/news/q2-logs-1-2-lithium-at-cisco-as-pea-nears/1003895525/ Publisher: northernminer Original announcement: 2026-10-07T15:38:07.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-07T16:49:16.221Z Atlas analysis updated: 2026-10-07T16:49:16.221Z - Company: Q2 Metals - Ticker: QTWO - Exchange: Unavailable - Region: Quebec - Primary commodity: Lithium - Secondary commodities: None reported - Document categories: Drill results, Resource update - Extracted: 2026-10-07 16:49:16 UTC Narrative sentiment: 0.70 · Bullish ## Minestarters Atlas summary Q2 Metals reported strong lithium drill results at the Cisco project in Quebec, including a 134.5m intercept at 1.2% Li2O that extends mineralization beyond the previous pit shell. The company is currently advancing toward a Preliminary Economic Assessment \(PEA\) expected this fall. Reasoning: High-grade lithium intercepts reported that extend known mineralization by 100m outside the previous conceptual pit shell, supporting an upcoming PEA. - Positive factor: Step-Out Extension - Positive factor: Strong lithium grades - Positive factor: Mineralization extended 100m Facts used in scoring: 8 ## Classification and evidence **Step-Out Extension** Polarity: positive Definition: Mineralization extended beyond the previously known limit. Why it applies: Drilling extended known mineralization by 100 metres outside the conceptual pit shell. Evidence · text > extended known mineralization by 100 metres ahead of a preliminary economic assessment \(PEA\) **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The reported resource is entirely in the inferred category. Evidence · text > Cisco hosts 295 million inferred tonnes ## Extracted facts Stored fact records: 8. Some facts used in scoring do not have a stored record. ## Drill Results (7) ### CS26-096 [Link to this fact](https://atlas-staging.minestarters.com/news/q2-logs-1-2-lithium-at-cisco-as-pea-nears--f032e559-b41d-4174-8d3d-ede3b93aff1a#fact-drill-facts-0) Cisco · lithium #### Identity - Hole ID: CS26-096 - Project: Cisco - Commodity: lithium - Region: canada\_qc - Reported Region: canada\_qc - Ticker: QTWO #### Geometry - Grade: 1.2 - Grade Unit: % - Intercept: 134.5 m - From: 11.8 m - To: 146.3 m - Intercept Depth: 11.8 m #### Classification - Program: mixed - Sample Type: drill - Group ID: CS26-096:11.8-146.3 #### Location - Location: Main Zone - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - QA/QC Methods: standards, blanks #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-07T00:00:00.000Z Reasoning: Significant intercept extending mineralization 100m beyond the previous pit shell. - Positive factor: Step-Out Extension Evidence · text > CS26-096 cut 134.5 metres grading 1.2% lithium oxide \(Li 2 O\) from 11.8 metres depth #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **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 **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### CS26-096 [Link to this fact](https://atlas-staging.minestarters.com/news/q2-logs-1-2-lithium-at-cisco-as-pea-nears--f032e559-b41d-4174-8d3d-ede3b93aff1a#fact-drill-facts-1) Cisco · lithium #### Identity - Hole ID: CS26-096 - Project: Cisco - Commodity: lithium - Region: canada\_qc - Reported Region: canada\_qc - Ticker: QTWO #### Geometry - Grade: 1.02 - Grade Unit: % - Intercept: 101.6 m - From: 11.8 m - To: 113.4 m - Intercept Depth: 11.8 m #### Classification - Program: mixed - Sample Type: drill - Group ID: CS26-096:11.8-113.4 #### Location - Location: Main Zone - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - QA/QC Methods: standards, blanks #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-07T00:00:00.000Z Reasoning: High-grade sub-interval within the main intercept. Evidence · text > including 101.6 metres at 1.02% Li 2 O #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **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 **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### CS26-095 [Link to this fact](https://atlas-staging.minestarters.com/news/q2-logs-1-2-lithium-at-cisco-as-pea-nears--f032e559-b41d-4174-8d3d-ede3b93aff1a#fact-drill-facts-2) Cisco · lithium #### Identity - Hole ID: CS26-095 - Project: Cisco - Commodity: lithium - Region: canada\_qc - Reported Region: canada\_qc - Ticker: QTWO #### Geometry - Grade: 1.28 - Grade Unit: % - Intercept: 70 m - From: 162.8 m - To: 232.8 m - Intercept Depth: 162.8 m #### Classification - Program: mixed - Sample Type: drill - Group ID: CS26-095:162.8-232.8 #### Location - Location: Main Zone - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - QA/QC Methods: standards, blanks #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-07T00:00:00.000Z Reasoning: Strong intercept confirming the main zone at the western margin. Evidence · text > CS26-095 that returned 70 metres at 1.28 % Li 2 O from 162.8 metres depth #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **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 **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### CS26-095 [Link to this fact](https://atlas-staging.minestarters.com/news/q2-logs-1-2-lithium-at-cisco-as-pea-nears--f032e559-b41d-4174-8d3d-ede3b93aff1a#fact-drill-facts-3) Cisco · lithium #### Identity - Hole ID: CS26-095 - Project: Cisco - Commodity: lithium - Region: canada\_qc - Reported Region: canada\_qc - Ticker: QTWO #### Geometry - Grade: 1 - Grade Unit: % - Intercept: 31.3 m - From: 162.8 m - To: 194.1 m - Intercept Depth: 162.8 m #### Classification - Program: mixed - Sample Type: drill - Group ID: CS26-095:162.8-194.1 #### Location - Location: Main Zone - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - QA/QC Methods: standards, blanks #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-07T00:00:00.000Z Reasoning: High-grade sub-interval. Evidence · text > including 31.3 metres grading 1% Li 2 O #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **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 **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### CS26-095 [Link to this fact](https://atlas-staging.minestarters.com/news/q2-logs-1-2-lithium-at-cisco-as-pea-nears--f032e559-b41d-4174-8d3d-ede3b93aff1a#fact-drill-facts-4) Cisco · lithium #### Identity - Hole ID: CS26-095 - Project: Cisco - Commodity: lithium - Region: canada\_qc - Reported Region: canada\_qc - Ticker: QTWO #### Geometry - Grade: 1.33 - Grade Unit: % - Intercept: 25.7 m - From: 162.8 m - To: 188.5 m - Intercept Depth: 162.8 m #### Classification - Program: mixed - Sample Type: drill - Group ID: CS26-095:162.8-188.5 #### Location - Location: Main Zone - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - QA/QC Methods: standards, blanks #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-07T00:00:00.000Z Reasoning: High-grade sub-interval. Evidence · text > and 25.7 metres at 1.33% Li 2 O #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **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 **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### CS26-094 [Link to this fact](https://atlas-staging.minestarters.com/news/q2-logs-1-2-lithium-at-cisco-as-pea-nears--f032e559-b41d-4174-8d3d-ede3b93aff1a#fact-drill-facts-5) Cisco · lithium #### Identity - Hole ID: CS26-094 - Project: Cisco - Commodity: lithium - Region: canada\_qc - Reported Region: canada\_qc - Ticker: QTWO #### Geometry - Grade: 1.53 - Grade Unit: % - Intercept: 29.2 m - From: 180.6 m - To: 209.8 m - Intercept Depth: 180.6 m #### Classification - Program: mixed - Sample Type: drill - Group ID: CS26-094:180.6-209.8 #### Location - Location: Main Zone - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - QA/QC Methods: standards, blanks #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-07T00:00:00.000Z Reasoning: Strong grade intercept. Evidence · text > CS26-094 cut 29.2 metres grading 1.53% Li 2 O from 180.6 metres depth #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **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 **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### CS26-094 [Link to this fact](https://atlas-staging.minestarters.com/news/q2-logs-1-2-lithium-at-cisco-as-pea-nears--f032e559-b41d-4174-8d3d-ede3b93aff1a#fact-drill-facts-6) Cisco · lithium #### Identity - Hole ID: CS26-094 - Project: Cisco - Commodity: lithium - Region: canada\_qc - Reported Region: canada\_qc - Ticker: QTWO #### Geometry - Grade: 1.84 - Grade Unit: % - Intercept: 19.3 m - From: 180.6 m - To: 199.9 m - Intercept Depth: 180.6 m #### Classification - Program: mixed - Sample Type: drill - Group ID: CS26-094:180.6-199.9 #### Location - Location: Main Zone - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - QA/QC Methods: standards, blanks #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-07T00:00:00.000Z Reasoning: High-grade sub-interval. Evidence · text > and 19.3 metres at 1.84% Li 2 O #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **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 **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ## Resource Estimates (1) ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/q2-logs-1-2-lithium-at-cisco-as-pea-nears--f032e559-b41d-4174-8d3d-ede3b93aff1a#fact-resource-facts-7) Cisco · lithium #### Identity - Project: Cisco - Commodity: lithium - Region: canada\_qc - Reported Region: Quebec - Ticker: QTWO #### Resource scope - Estimate type: resource - Resource group id: resource:f3c5ccc7775250cfc288 #### Resource Data - Category: inferred - Tonnes: 295000000 - Grade: 1.36 - Grade Unit: % Li2O - Contained Metal: 9900000 - Contained Unit: t lce #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-07T00:00:00.000Z Reasoning: Large inferred resource reported in April. - Positive factor: Large scale - Negative factor: All Inferred Evidence · text > Cisco hosts 295 million inferred tonnes grading 1.36% Li 2 O for 9.9 million tonnes of lithium carbonate equivalent. #### 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 **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.