Abasca nearly doubles resource, upgrades category at Loki Graphite Project in Saskatchewan

Abasca Resources has significantly expanded and upgraded the resource estimate at its Loki flake graphite deposit in northern Saskatchewan, marking a major milestone as the company advances toward a preliminary economic assessment (PEA).

In an update released Tuesday, the company outlined 6.99 million indicated tonnes grading 8.Asian Metal Copyright83 million inferred tonnes grading 6.Asian Metal Copyright27% graphitic carbon, containing 580,000 tonnes of the battery metal, alongside 15.Asian Metal Copyright65% graphitic carbon for 860,000 tonnes.Asian Metal Copyright83 million inferred tonnes grading 6.Asian Metal Copyright83 million inferred tonnes grading 6.Asian Metal Copyright93% graphitic carbon for 1.Asian Metal CopyrightAbasca Resources has significantly expanded and upgraded the resource estimate at its Loki flake graphite deposit in northern Saskatchewan, marking a major milestone as the company advances toward a preliminary economic assessment PEA.Asian Metal Copyright1 million tonnes of graphite.Asian Metal Copyright Loki's relatively high grade, strategic proximity to existing infrastructure, and growing indicated resource base could help distinguish the project as Abasca aims to complete its PEA within the coming months.Asian Metal Copyright This compares to the initial resource reported in April last year, which stood at 11.Asian Metal Copyright93% graphitic carbon for 1.Asian Metal Copyright3 million inferred tonnes grading 7.Asian Metal Copyright27% graphitic carbon, containing 580,000 tonnes of the battery metal, alongside 15.Asian Metal Copyright65% graphitic carbon for 860,000 tonnes.

Loki's relatively high grade, strategic proximity to existing infrastructure, and growing indicated resource base could help distinguish the project as Abasca aims to complete its PEA within the coming months. The company is pursuing an aggressive development timeline, with a prefeasibility study targeted for late 2026, while environmental baseline work and other technical studies continue in parallel.

.Asian Metal Copyright99 million indicated tonnes grading 8Asian Metal Copyright