Cartier's Cadillac Project Achieves 96.3% Gold Recovery, Exceeding Prior Estimates — Cartier Resources Inc.

Event summary

Cartier Resources achieved 96.3% gold recovery at its Cadillac Project, surpassing 2023 PEA estimates by 3.2% and historical Chimo Mine averages by 5.7%.
Metallurgical testing on Chimo, East Chimo, and West Nordeau deposits showed consistent high recovery rates (95.4% to 97.1%).
Low cyanide consumption (0.25 kg/t) and moderate ore hardness (13.1–14.3 kWh/t) reduce processing costs.
Gravity recovery tests indicate 30–60% of gold can be recovered prior to cyanidation.
Cartier plans maiden metallurgical testing on the North Contact gold zone following recent drilling.

The big picture

Cartier's metallurgical results position the Cadillac Project as a high-recovery, low-cost gold development in Quebec's prolific Val-d’Or mining camp. The consistency across multiple deposits and the potential for gravity recovery enhancement could make the project more attractive to mid-tier producers seeking scalable assets. The results also highlight Cartier's ability to optimize historical data with modern metallurgical techniques, a key differentiator in an industry where processing efficiency directly impacts margins.

What we're watching

Project Economics: Whether the improved recovery rates will enhance the Cadillac Project's NPV and IRR in future feasibility studies.
Operational Efficiency: How the low cyanide consumption and moderate ore hardness will impact processing costs and operational timelines.
Exploration Potential: The pace at which metallurgical testing on the North Contact zone could unlock additional high-grade resources.