Abasca Files NI 43-101 Technical Report, Commences Summer Exploration Program at Loki and Elects to File Semi-annual Interim Financial Statements and Related MD&A
Abasca files an NI 43-101 report and begins summer drilling at its Loki graphite deposit.
Abasca Resources Inc. filed an independent NI 43-101 technical report supporting an updated pit-constrained Mineral Resource Estimate (MRE) for its 100%-owned Loki Flake Graphite Deposit. The updated MRE, effective April 23, 2026, shows Indicated Resources of 6.99 million tonnes at 8.27% graphitic carbon (Cg) and Inferred Resources of 15.83 million tonnes at 6.93% Cg.
- Indicated Resources: 6.99 million tonnes at 8.27% graphitic carbon (Cg)
- Inferred Resources: 15.83 million tonnes at 6.93% Cg
Sixty-seven percent of the prior Inferred Resource was converted to Indicated status based on contained graphite. The company has commenced its summer exploration program, focusing on in-fill drilling for pilot plant samples and environmental data collection. Abasca elected to participate in the semi-annual interim financial statements and MD&A pilot program, exempting it from filing 1st and 3rd quarter interim reports.
Abasca Resources Inc. (ABA) filed a document that formally validates the geological foundation for the Preliminary Economic Assessment (PEA) announced on August 19, 2026. That assessment projected a US$130 million after-tax net present value (NPV) and a 16.7% internal rate of return (IRR).
The filing serves as a routine follow-up to the July 14 mineral resource estimate (MRE) update and the subsequent PEA release. It confirms the technical data required to advance toward a Feasibility Study (FS).
Summer drilling has commenced, aligning with the company's "Fast-Track Roadmap to Production" and providing necessary metallurgical and environmental data. The news is incremental and confirms project progression, with no new market-moving surprises or deviations from prior guidance.
Abasca Resources Inc. (ABA) is an exploration and early-stage development company focused on the Key Lake South Project in northern Saskatchewan, Canada. The company’s flagship asset is the Loki Flake Graphite Deposit, located 15 km south of existing Key Lake mill infrastructure, with access to highway 914 and grid power.
The project is in the exploration and early development stage, with a fast-track roadmap targeting a preliminary economic assessment (PEA), followed by a pre-feasibility study (PFS) or feasibility study (FS), and ultimately production. Abasca Resources holds 23,977 hectares in the Athabasca Basin, leveraging geological similarities to the former Key Lake uranium mine.