Q2 Metals Unveils Inferred Mineral Resource Estimate for Cisco Lithium Project in Quebec
Q2 Metals Corp. has announced a landmark inaugural inferred mineral resource estimate for its Cisco Lithium Project, located in the Eeyou Istchee James Bay region of Quebec, Canada. The estimate reveals a substantial resource of 295 million tonnes grading 1.36% Li₂O, based on combined cut-off grades for open-pit and underground mining. This development marks a significant milestone for the company, positioning the Cisco Project among the world's leading hard rock lithium assets.
Geological Details and Exploration Potential
The inferred mineral resource estimate is underpinned by a geological model that interprets a single continuous, principal spodumene pegmatite body. This body ranges in true thickness from approximately 2 meters to over 450 meters and extends over a strike length of 1.8 kilometers, with multiple associated proximate structures. Notably, the deposit area remains open in all directions, representing only a small fraction of the overall 41,253-hectare project area, which is highly prospective for additional discoveries.
In addition to the resource estimate, an exploration target has been prepared for areas beyond the current mineral resource estimate. This target estimates 44 to 67 million tonnes of mineralized material with a grade range between 0.88% to 1.35% Li₂O. However, it is important to note that the potential quantity and grade of this exploration target are conceptual in nature. There has been insufficient exploration to define a mineral resource under National Instrument 43-101 standards, and it is uncertain if further exploration will delineate it as such. The exploration target is exclusive of the inferred mineral resource estimate and focuses on the immediate proximal area around the Cisco deposit, indicating significant opportunities for continued growth.
Strategic Location and Infrastructure Advantages
The Cisco Lithium Project benefits from a strategic location in Quebec, a top global mining jurisdiction. It is situated just 6.5 kilometers from the paved, all-season Billy Diamond Highway, which leads to the railhead in the Town of Matagami, approximately 150 kilometers to the south. This proximity to transportation infrastructure enhances the project's potential as a key contributor to the global battery metals supply chain, offering strong logistics advantages for future development.
Leadership and Future Outlook
Alicia Milne, President and CEO of Q2 Metals, emphasized the significance of this announcement, stating that it validates the company's strategy and highlights the project's scale, quality, and infrastructure advantages. She credited the team, including core contractors Dahrouge Geological, Youdin Rouillier Drilling, and Helicarrier, for their consistent execution and commitment to advancing the project. Since acquiring the Cisco Project in February 2024, Q2 Metals has focused on establishing it as a cornerstone asset, with this resource estimate confirming its potential for long-term value creation.
Neil McCallum, Vice President of Exploration, added that the inferred mineral resource estimate firmly confirms Cisco as a leading spodumene pegmatite asset with significant exploration upside. He noted that multiple known spodumene pegmatite outcrops at Cisco have yet to be drill-tested, underscoring the opportunity for further resource expansion. The company remains focused on advancing the project through key development milestones to de-risk and unlock its full potential.
The inferred mineral resource estimate and exploration target were completed by independent consultant BBA, based on all available drillhole data, including results from the winter 2026 drill program. This comprehensive assessment provides a solid foundation for future exploration and development efforts at the Cisco Lithium Project.
