Abasca Resources Announces Maiden Graphite Resource at its Loki Flake Graphite Deposit

Abasca Resources Inc. has announced the completion of its maiden mineral resource estimate for the Loki Flake Graphite Deposit, located within the company's 100%-owned Key Lake South Project in Saskatchewan. This milestone represents the first quantified resource for the deposit and establishes the initial foundation for the company's graphite development strategy.

The announcement marks a significant achievement for Abasca as it transitions from exploration to resource definition at its Loki Deposit. The completion of this maiden resource estimate provides investors and stakeholders with the first formal assessment of the deposit's economic potential and sets the stage for future development planning.

The timing of this resource estimate is particularly relevant given the growing global demand for graphite, especially from the battery and electric vehicle sectors. Saskatchewan's established mining jurisdiction and existing infrastructure in the region could provide advantages for future project development.

This maiden resource estimate positions Abasca to advance toward more detailed economic studies and potentially attract development partners or financing for the Loki Deposit. The company now has a defined resource base from which to plan future exploration programs and engineering studies as it works toward bringing the project through the development pipeline.