Abasca drills 32 m of 9.78% Cg, 1.59% S at KLS

Executive Summary

• Assay results from drill hole KLS‑25‑072 intersected three graphite zones, including a primary zone of 40 m at an average grade of 8.57 % Cg and a secondary zone of 32 m at 6.43 % Cg.
• The company announced the commencement of a ~5,000 m summer infill drilling program at the Loki Flake Graphite Deposit to support an indicated resource estimate.
• These results enhance the outlook for the Thor graphite zone and underpin future exploration plans.

Key Details

• Drill Hole KLS‑25‑072: intersected three zones of graphite mineralization; primary zone – 40 m length, 8.57 % Cg average grade, starting at 145 m depth; secondary zone – 32 m length, 6.43 % Cg average grade, starting at 347 m depth.
• Historical Drill Hole KLS‑24‑046 (summer 2024): tested up‑dip mineralization; results referenced but not detailed in release.
• Summer Infill Drilling Program: ~5,000 m total length targeting the main section of the Loki deposit; spacing designed to support an indicated resource estimate.
• Laboratory Analysis: samples processed by SRC Geoanalytical Laboratories (ISO/IEC 17025:2017 accredited) using ICP‑MS, boron fusion, graphite content (% Cg), and LECO total sulphur analyses; QA/QC procedures included blanks, standards, repeats, and density measurements.
• Qualified Person: Brian McEwan, PGeo, Vice‑President of Exploration, reviewed and approved technical information per NI 43‑101.

Notable Quotes

“The results from KLS‑25‑072 are very exciting! The presence of three zones in one hole that was drilled into a relatively unexplored conductor gives us a lot of hope for continued exploration at the Thor zone.” – Brian McEwan, Vice‑President of Exploration.