Q2 Metals (TSX-V:QTWO) has delivered a maiden mineral resource estimate (MRE) for the Cisco Lithium Project located in Québec, Canada.
The resource defines a pit constrained 270 million tonnes @ 1.36% lithium oxide in the inferred resource for a total of 9.1 million tonnes of contained lithium carbonate equivalent (LCE).
An additional underground constrained resource has also been established, totalling 24 million tonnes @ 1.34% lithium oxide for 800,000 tonnes of contained LCE.
In late March 2026, the Canadian mineral explorer extended the timeline for completing the resource estimate, while conducting the drilling program. The program focused on infill drilling spanning 1.5km along the northeast-southwest trending strike length at Cisco.
CEO Alicia Milne says Cisco has potential to be a “key contributor” to the global battery metals supply chain.
“The team that we have assembled at Q2, including the core contractors Dahrouge Geological, Youdin Rouillier Drilling and Helicarrier, has demonstrated consistent execution and a clear commitment to advancing Cisco towards development,” Milne says.
“Today’s MRE validates that strategy, and we believe Cisco has the scale, quality, and infrastructure advantages to support long-term value creation.
“We remain focused on advancing the project through key development milestones as we continue to de-risk and unlock its full potential.”
Cisco’s continued growth
Vice President of Exploration Neil McCallum adds that there is additional exploration upside and clear potential for continued growth across Cisco.
“The resource remains open in all directions and multiple known spodumene pegmatite outcrops at Cisco have yet to be drill tested, underscoring the opportunity for further resource expansion,” McCallum says.
Q2 Metals intends to initiate baseline environmental studies and advance metallurgical testwork to support Cisco’s ongoing development.
In addition to the resource, an updated exploration target has been prepared for Cisco. The exploration target estimates a range of potential mineralisation from 44 to 67 million tonnes at a grade ranging from 0.88-1.35% lithium oxide.
The company’s 2026 exploration program is ongoing, primarily focused on infill drilling toward indicated resource definition for inclusion in the inaugural preliminary economic assessment, targeted for 2027.
Targeted expansion and exploration for new discoveries is planned for high-priority targets around the deposit and elsewhere on Cisco.
Q2 Metals’ Cisco Project comprises 801 contiguous mineral claims over 41,253 hectares within the greater Nemaska Community lands of the Eeyou Istchee James Bay region of Québec, Canada.
The broader James Bay region hosts numerous deposits and discoveries, including Rio Tinto’s (ASX:RIO) Galaxy Project.
Q2 Metals is a Canadian mineral explorer focused on its flagship Cisco Project.
Write to Aaliyah Rogan at Mining.com.au
Images: Q2 Metals
