Abasca Resources Releases Assays Confirming Multiple Intersections from its Thor Graphite Zone and Announces Resumption of In-Fill Drilling at its Loki Flake Graphite Deposit

Abasca Resources Inc. has announced positive assay results from its winter 2025 drilling program at the Loki Flake Graphite Deposit, located within the company's wholly-owned Key Lake South Project in Saskatchewan. The assays from drill hole KLS-25-072, which targeted the Thor Graphite Zone, confirmed multiple graphite intersections, demonstrating the continuity and potential of this mineralized zone within the broader deposit.

The release of these assay results represents a significant milestone in the company's systematic approach to defining and expanding the resource base at Loki. The Thor Graphite Zone appears to be delivering consistent results that support the company's exploration model and validate the geological understanding of the deposit. The confirmation of multiple intersections suggests robust mineralization that could contribute meaningfully to the overall resource inventory.

Abasca's announcement that it will resume in-fill drilling at the Loki deposit signals the company's confidence in the project and its commitment to advancing the resource definition phase. In-fill drilling is typically undertaken to increase the confidence level of mineral resources and to provide the detailed geological understanding necessary for eventual feasibility studies and mine planning.

For the graphite sector, this development is particularly noteworthy given the growing demand for natural flake graphite in battery applications and the strategic importance of developing North American graphite resources. Saskatchewan's mining-friendly jurisdiction and established infrastructure make the Key Lake South Project well-positioned to potentially contribute to the critical minerals supply chain. The continued positive results from Loki could position Abasca as a significant player in the North American graphite space as the company advances toward resource estimation and development milestones.