# Q2 Metals Announces Inferred Mineral Resource Estimate on the Cisco Lithium Project with 295 Million Tonnes Grading 1.36% Li?O Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/q2-metals-announces-inferred-mineral-resource-estimate-on-the-cisco-lithium-proj--d9411fd1-3b31-4a9b-8f56-d264faa851e7 Original source: https://orestocks.com/company/QTWO.V/press-releases/8465009748606132 Publisher: orestocks Original announcement: 2026-04-21T03:28:43.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-01T04:13:19.709Z Atlas analysis updated: 2026-10-01T04:13:19.709Z - Company: Q2 Metals Corp. - Ticker: QTWO.V - Exchange: Unavailable - Region: Quebec, Canada - Primary commodity: Lithium - Secondary commodities: Tantalum - Document categories: Resource update - Extracted: 2026-10-01 04:13:21 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Q2 Metals has announced its inaugural NI 43-101 Inferred Mineral Resource Estimate for the Cisco Lithium Project in Quebec, totaling 295 million tonnes at 1.36% Li2O. The resource includes both open-pit and underground components and is accompanied by a conceptual exploration target of up to 67 Mt. Reasoning: The announcement of an inaugural 295 Mt lithium resource at a strong grade of 1.36% Li2O is a major milestone, though the lack of Indicated/Measured material means it is still early-stage. - Positive factor: Inaugural MRE establishes a significant scale for the project - Positive factor: High grade of 1.36% Li2O for a 295 Mt resource - Positive factor: Large true thickness potential \(up to 450m\) - Positive factor: Exploration target indicates significant upside beyond current MRE - Negative factor: 100% Inferred category limits economic confidence - Negative factor: Conceptual nature of the exploration target Facts used in scoring: 2 ## Classification and evidence **Maiden Resource** Polarity: neutral Definition: First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. Why it applies: The company announced its inaugural NI 43-101 Inferred Mineral Resource Estimate. Evidence · text > Inaugural National Instrument 43-101 Inferred Mineral Resource Estimate **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The entire resource is classified as Inferred. Evidence · text > Inferred Mineral Resource Estimate **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The resource was prepared in accordance with NI 43-101 standards. Evidence · text > prepared in accordance with National Instrument 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: Todd McCracken, P.Geo., is named as the independent Qualified Person who reviewed and approved the technical information. Evidence · text > The independent Qualified Person \(“ QP ”... is Todd McCracken, P.Geo. ## Extracted facts Stored fact records: 2. Some facts used in scoring do not have a stored record. ## Resource Estimates (2) ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/q2-metals-announces-inferred-mineral-resource-estimate-on-the-cisco-lithium-proj--d9411fd1-3b31-4a9b-8f56-d264faa851e7#fact-resource-facts-0) Cisco Lithium Project · lithium #### Identity - Project: Cisco Lithium Project - Commodity: lithium - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: QTWO.V #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Todd McCracken - Resource group id: resource:8bd49828f5867ce5ed6c - Deposit or zone: Cisco Lithium Deposit - Mining method: combined #### Resource Data - Category: inferred - Tonnes: 270455000 - Grade: 1.36 - Grade Unit: % - Contained Metal: 3683000 - Contained Unit: t - Cutoff Grade: 0.4 - Cutoff Unit: % Li 2 O #### Prior Estimate - Resource Date: 2026-04-20 #### Lab - Laboratory: SGS Canada #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-21T00:00:00.000Z Reasoning: High grade and large tonnage for an inaugural inferred resource. - Positive factor: Strong grade for an open pit resource - Negative factor: Inferred category only Evidence · table > 1.36 Context: 270,455,000 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **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: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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/q2-metals-announces-inferred-mineral-resource-estimate-on-the-cisco-lithium-proj--d9411fd1-3b31-4a9b-8f56-d264faa851e7#fact-resource-facts-1) Cisco Lithium Project · lithium #### Identity - Project: Cisco Lithium Project - Commodity: lithium - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: QTWO.V #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Todd McCracken - Resource group id: resource:59267fd1214115c2199b - Deposit or zone: Cisco Lithium Deposit - Mining method: combined #### Resource Data - Category: inferred - Tonnes: 24203000 - Grade: 1.34 - Grade Unit: % - Contained Metal: 326000 - Contained Unit: t - Cutoff Grade: 0.7 - Cutoff Unit: % Li 2 O #### Prior Estimate - Resource Date: 2026-04-20 #### Lab - Laboratory: SGS Canada #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-21T00:00:00.000Z Reasoning: Significant underground component identified in the inaugural MRE. - Positive factor: Provides underground upside to the project - Negative factor: Inferred category only Evidence · table > 1.34 Context: 24,203,000 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **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: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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.