Live from Deutsche Goldmesse: Cartier Resources CEO Philippe Cloutier on Cadillac’s Metallurgy, S...

Cartier Resources says metallurgical work at its Cadillac gold project in Québec’s Abitibi has lifted expected gold recoveries to nearly 97%, versus lower historical assumptions, improving the economics ahead of a new economic assessment. The company also cites a 3.2Moz resource base and a 100,000m drill program aimed at extending mineralization along the Cadillac trend. CEO Philippe Cloutier framed the metallurgy as a key de-risking step, with the better recovery profile potentially supporting stronger project economics and broader strategic options. He also pointed to new discoveries along the trend, suggesting the district-scale package still has exploration upside beyond the current resource. For the gold market, the update is more company-specific than macro-relevant, but it reinforces continued flow of development news from Canadian junior miners. The main near-term catalyst is the forthcoming economic study and any further drill results; if recoveries hold near 97%, that could materially improve valuation relative to older feasibility assumptions.