Cartier Resources’ new PEA for Cadillac cuts initial capex to ~$276M while extending mine life to 16.2 years (100,000 oz/year, 1.61M oz total), with a 27% after-tax IRR and $1B NPV at US$3,600 gold. It replaces the 2023 Chimo study, trading higher upfront cost savings for a bigger, fully underground, phased-build project (toll milling first, then an on-site plant). Shares hit an all-time high of 35¢ on the news; recent drilling and new discoveries aren’t even factored in yet, per management.
TSXV: ECR | FSE: 6CA | OTCQB: ECRFF
$ECR.v
#Gold #Mining #Exploration #Abitibi
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About Cartier Resources
Cartier Resources Inc., founded in 2006 and headquartered in Val-d’Or (Quebec) is a gold exploration company focused on building shareholder value through discovery and development in one of Canada’s most prolific mining camps. The Company combines strong technical expertise, a track record of successful exploration, and a fully funded program to advance its flagship Cadillac Project. Cartier’s strategy is clear: unlock the full potential of one of the largest undeveloped gold landholdings in Quebec.
HEAD OFFICE
1740, chemin Sullivan, bureau 1000
Val d’Or (Québec) J9P 7H1
T: 819-874-1331
TF: 1-877-874-1331
E: philippe.cloutier@ressourcescartier.com
W: ressourcescartier.com
For more information, contact:
Philippe Cloutier, President and CEO