Graduation Day: Cartier Resources completes its PEA
![ECR.V, Cartier Resources, gold, Quebec, Chimo Mine](https://i0.wp.com/motherlodetv.net/wp-content/uploads/2023/04/mine-chimo06.jpg?fit=300%2C169&ssl=1)
A Preliminary Economic Assessment (“PEA”) is a significant milestone for junior exploration companies, essentially it promotes them into a select group of “valued asset” owners in the mining industry. It is a third-party assessment of the economic viability of the project’s resource estimates which a company has completed to date and it is an outline of the steps to be taken to reach commercial production.