Abasca Resources Completes Summer Drill Program and Appoints New CFO

Abasca Resources Inc. has completed its summer drilling program at the Loki Flake Graphite Deposit, part of the Key Lake South Project. The program resulted in collecting approximately 10 tonnes of core. This material will be processed into flake graphite concentrate for further downstream purification and testing at SGS Canada's laboratory in Ontario.

The summer drill program covered 1,956 meters across 16 drill holes. The core samples obtained are crucial for the upcoming pilot plant program aiming to produce high-grade concentrate. The company reports flotation concentrate grades reaching up to 97.0% total carbon, with purified grades at 99.76%.

In personnel news, Lawrence Cheung has been appointed as the new Chief Financial Officer, succeeding Erik H. Martin. Cheung brings experience from Malaspina Consultants and a background in the mining sector.