Lomiko Metals engages DRA Americas to lead the pre-feasibility level engineering studies for the La Loutre Natural Flake Graphite Project in Quebec, Canada
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Website: www.lomiko.com
Lomiko Metals engages DRA Americas to lead the pre-feasibility
level engineering studies for the La Loutre Natural Flake Graphite
Project in Quebec, Canada
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April 23rd, 2025 – Montreal, Québec: Lomiko Metals Inc. (TSX.V: LMR) (“Lomiko Metals” or
the “Company”) is pleased to announce it is continuing with the pre-feasibility level engineering
studies for its wholly owned La Loutre natural flake graphite project in Quebec with the
engagement of study leader, DRA Americas as of April 23rd, 2025. This international engineering
firm with offices in Quebec will lead the study and prepare a technical report in accordance with
NI 43-101 rules, with Norda Stelo as the mining engineering lead, also Quebec based, and Knight-
Piesold as the geotechnical, hydrogeological and geomechanical lead.
Lomiko has chosen to partner with DRA Americas, Norda Stelo and Knight-Piesold due to their
position as the industry leaders. These independent expert consultants have extensive expertise in
engineering, process design, and mine planning, with numerous projects completed in the critical
minerals and graphite and experience in the application of international best practice and
innovative practices in mine sustainability.
Gordana Slepcev, CEO, President, and Director, stated: “With the recently closed first tranche of
the private placement, we are happy to continue with the pre-feasibility level of the engineering
studies for the La Loutre natural flake graphite deposit. The Company completed approximately
50% of the pre-requisite work i n t h e la s t t w o y e a r s , a n d w e a r e n o w pleased to continue this
process. With the Mineral Resource Estimate prepared by InnovExplo (a member of Norda Stelo),
we have built a strong base to start with the mine plan evaluation options, and positive
metallurgical testing and battery trials programs will be used to continue with engineering studies,
including site infrastructure and the processing plant layout and equipment selection. We are very
pleased to be advancing the completion of the pre-feasibility level studies with a wide range of
independent expert consultants lead by DRA Americas, namely Knight-Piesold and Norda Stelo,
principally based in Quebec, to assess the geology and production model and design the project in
a way to mitigate and manage with best practices all environmental and social risk factors and
which best satisfies the vision and objectives of Lomiko as a responsible developer of natural
flake graphite in Quebec, Canada for a North American energy supply chain.”
The Company will continue to provide transparent, factual and ongoing information on the studies
to investors and community members as they progress.
About DRA Global: DRA Global (“DRA”) is a global engineering, project delivery, and
operations management group specializing in the mining, minerals, and metals sector. The Group
has an extensive track record spanning four decades across a wide range of commodities ,
including battery elements. DRA provides comprehensive services across the project lifecycle—
from concept development and feasibility studies to engineering, procurement, construction
management (EPCM), and ongoing operations and maintenance. With offices across key mining
regions including North and South America, Africa, the Middle East, and Asia- Pacific, DRA
delivers tailored solutions to meet the unique needs of its clients. In the Americas, DRA has been
instrumental in delivering numerous successful m ining projects, offering a blend of innovative
design and a commitment to environmental sustainability.
About Norda Stelo: Established in 1963 and headquartered in Quebec, Canada, Norda Stelo
offers comprehensive solutions across all facets of the mining industry, catering to a diverse range
of clients, from emerging miners to established producers and operators. The team of e xperts
provides tailored services spanning the entire project lifecycle, from initial exploration and
feasibility studies to asset durability and operational optimization, as well as mine closure and
rehabilitation. With extensive experi ence worldwide, Norda Stelo draws upon industry best
practices and in-house expertise in various fields namely geology and resource estimation, mining
engineering, infrastructure, civil work, asset integrity and environment to deliver innovative and
sustainable solutions at every stage of a mining project.
For more information about Norda Stelo and its services, visit www.norda.com.
About Knight Piésold: Knight Piésold (KP) is an employee -owned, global consulting firm
providing specialist services to the mining industry. KP has extensive experience in providing pre-
feasibility level geotechnical and environmental support for mine development projects. Our
Canadian practice mining experience has been utilised on over 400 projects and has encompassed
a wide range of geographic, geological, geotechnical, regulatory, climatic, and seismic conditions.
About Lomiko Metals Inc.
The Company holds mineral interests in its La Loutre graphite development in southern Quebec.
The La Loutre project site is within the Kitigan Zibi Anishinabeg (KZA) First Nation’s territory.
The KZA First Nation is part of the Algonquin Nation, and the KZA traditional territory is situated
within the Outaouais and Laurentides regions. Located 180 kilometers northwest of Montreal, the
property consists of one large, continuous block with 76 mineral claims totaling 4,528 hectares
(45.3 km2).
The Property is underlain by rocks from the Grenville Province of the Precambrian Canadian
Shield. The Grenville was formed under conditions that were very favorable for the development
of coarse -grained, flake -type graphite mineralization from organic -rich material during high-
temperature metamorphism.
Lomiko Metals published an updated Mineral Resource Estimate (MRE) in a NI 43-101 Technical
Report and Mineral Resource Estimate Update for the La Loutre Project, Quebec, Canada,
prepared by InnovExplo on May 11th, 2023, which estimated 6 4.7 million tonnes of Indicated
Mineral Resources averaging 4.59% Cg per tonne for 3.0 million tonnes of graphite, a tonnage
increase of 184%. Indicated Mineral Resources increased by 41.5 million tonnes as a result of the
2022 drilling campaign, from 17.5 million tonnes in 2021 MRE with additional Mineral resources
reported down- dip and within marble units resulted in the addition of 17.5 million tonnes of
Inferred Mineral Resources averaging 3.51% Cg per tonne for 0.65 million tonnes of contained
graphite; and the additional 13,107 metres of infill drilling in 79 holes completed in 2022 combined
with the refinement of the deposit and structural models contributed to the addition of most of the
Inferred Mineral Resources to the Indicated Mineral Resource category, relative to the 2021
Mineral Resource Estimate. The MRE assumes a US$1,098.07 per tonne graphite price and a cut-
off grade of 1.50% Cg (graphitic carbon).
The Company also holds interest in seven early -stage projects in southern Quebec, including
Ruisseau, Tremblant, Meloche, Boyd, Dieppe, North Low and Carmin, covering 328 claims in
total on 7 early- stage projects covering 18,622 hectares in the Laurentian region of Quebec and
within KZA territory.
The stage graphite portfolio consists of 328 claims in total on 7 early- stage projects covering
18,622 hectares in southern Quebec.
• Ruisseau –grades up to 27.9 percent carbon graphite (“% Cg”) from four distinct high grade
mineralized zones that are over 3km long;
• Meloche –grades up to 13.3% Cg from two distinct mineralized clusters;
• Tremblant –grades up to 11.6% Cg from numerous, widespread spot anomalies; and
• Dieppe –grades up to 6.82% Cg from numerous, widespread spot anomalies and a distinct
mineralized cluster.
• Boyd–8 samples grades range from 5.61% Cg to 17.10 %Cg with all samples above 5.00% Cg
In addition to La Loutre, Lomiko has earned a 49% stake in the Bourier Project from Critical
Elements Lithium Corporation as per the option agreement announced on April 27 th, 2021. The
Bourier project site is located near Nemaska Lithium and Critical Elements south-east of the Eeyou
Istchee James Bay territory in Quebec, which consists of 203 claims for a total ground position of
10,252.20 hectares (102.52 km2), in Canada’s lithium triangle near the James Bay region of
Quebec that has historically housed lithium deposits and mineralization trends.
The Yellow Fox Property is located approximately 10 km southwest of the Town of Glenwood
NL, and south of the Trans-Canada Highway. The Property occurs within NTS map sheets 02D/14
and 15 with excellent access along several logging and skidder roads origi nating from
Glenwood. The main Yellow Fox showing is located in the central part of License 027536M, 5km
from the western end of Gander Lake.
This property is on the same trend as the past -producing antimony mine Beaver Brook, which is
located 25km southwest of the property. Yellow Fox is an early- stage exploration property
prospective in antimony, gold, and silver where historic works returned samples anomalous in gold
(Au), antimony (Sb), lead (Pb), zinc (Zn), and silver (Ag). The trenching exposed the rocks,
resulting in grab samples to 59.43g/t Au, 11.10% Sb, 7.00% Zn, 72.90g/t Ag, and 5.50% Pb in
arsenopyrite-stibnite veins within altered monzogranite. (See Metals Creek assessment report at
https://gis.geosurv.gov.nl.ca/geofilePDFS/Batch2016/002D_0779.pdf)
On behalf of the Board,
Gordana Slepcev
CEO & President and Director, Lomiko Metals Inc.
For more information on Lomiko Metals, review the website at www.lomiko.com.
Contact us at 1-833-4-LOMIKO or e-mail: [email protected].
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