Abasca Resources Initiates Summer Exploration and Files Technical Report

Abasca Resources Inc. has filed a NI 43-101 technical report on SEDAR+ for its Loki Flake Graphite Deposit, highlighting significant updates to its mineral resource estimate. The Indicated Resource now stands at 6.99 million tonnes at 8.27% graphitic carbon, a 67% conversion from previously Inferred Resources, while Inferred Resources have increased to 15.83 million tonnes at 6.93% graphitic carbon.

The report supports the Preliminary Economic Assessment announced earlier in August, providing a solid foundation for further development of the Loki Deposit. Concurrently, Abasca has commenced its summer exploration program aimed at gathering additional data for environmental and feasibility assessments, with in-fill drilling to facilitate pilot plant sample collection.

Moreover, Abasca has elected to join a pilot program for semi-annual financial reporting, exempting the company from filing interim financial statements for the first and third quarters, starting immediately.