About Abasca Resources Inc.
Abasca is a mineral exploration company that is primarily engaged in the acquisition and evaluation of mineral exploration properties. The Company owns the Key Lake South Project (KLS), a 23,974-hectare exploration project located in the Athabasca Basin Region in northern Saskatchewan, approximately 15 km south of the former Key Lake Mine and current Key Lake mill. The Project hosts the Loki Flake Graphite Deposit; it also possesses geological similarities with and is along-strike of the past-producing Key Lake Mine and hosts over 50 km of prospective conductors for potential uranium mineralization.
The Loki Flake Graphite Deposit (“Loki Deposit”) is situated in the northern part of the project area and has an updated Mineral Resource Estimate (MRE) that includes an Indicated Resource of 6.99 Mt at 8.27 % Cg and an Inferred Resource of 15.83 Mt at 6.93 % Cg. A Preliminary Economic Assessment (PEA), effective as of August 19, 2026, shows the Loki Deposit as a long-life graphite project, processing 2,750 tonnes-per-day over a 19-year mine life. Further work is on-going to support a Feasibility Study and advancement of the project.
For further details, please refer to the technical report entitled ” Preliminary Economic Assessment, NI 43-101 Technical Report, for the Loki Flake Graphite Deposit, Key Lake South Project, Saskatchewan, Canada ” with an effective date of August 19, 2026, and filed on SEDAR+ and the Company’s website.
Loki Flake Graphite Deposit Highlights
- Long-Life Graphite Project: 2,750 tonnes-per-day open-pit mining and processing operation with a 19-year mine life, averaging 66,500 tonnes of graphite concentrate (with an average 95% grade) produced annually and 1.2 million tonnes of payable graphite over the life of mine. The Project’s scale and longevity provide exposure to multiple graphite price cycles.
- Positive Project Economics: Positive economics under the base case graphite price assumptions, generating approximately US$662 million in cumulative after-tax free cash flow under the base case.
- Net Present Value (NPV) @ 8%:
- Pre-tax: US$161M
- Post-tax: US$130M
- Internal Rate of Return (IRR):
- Pre-tax: 16.6 %
- Post-tax: 16.7 %
- Mineral Resource Update (effective date: April 23, 2026; Figure 2):
- Indicated Resources: 99 Million tonnes at 8.27% Cg
- Inferred Resources: 83 Million tonnes at 6.93% Cg
- Conversion of 67% of the prior Inferred Resource to Indicated Resource based on contained graphite
- Nearby infrastructure: 15 km south of Key Lake Operation
To learn more about Abasca Resources, please visit www.abasca.ca.
To learn more about the activity in the Athabasca Basin area and to view the digital map, go to https://digigeodata.com/area/athabasca-basin/-basin/