Lomiko has mineral rights to the La Loutre Project, located in the Laurentides administrative region (also known as the Laurentians) in the province of Québec, Canada. It is approximately 30 km west-southwest of the city of Mont-Tremblant (about 45 km by road). The nearest community is Duhamel, 5 km to the west.
In May 2023, Lomiko filed an NI 43-101 Technical Report and Mineral Resource Estimate (MRE) Update for the La Loutre Project, which was prepared for Lomiko by the firm InnovExplo of Val-d’Or. The 2023 MRE update shows total Indicated resources at La Loutre to be 64.7 Mt at 4.59% Cg for a total of 2.97 Mt of graphite in-situ, and an Inferred resource of 17.45 Mt at 3.72% Cg for a total of 0.65 Mt of graphite in-situ. The update reflects an increase of 184% in tonnage for the Indicated Mineral Resource Category from the 2021 MRE. The independent technical report is available on SEDAR (www.sedar.com) and at the link below.