on Abasca Resources Inc. (isin : CA00258D1006)
Abasca Resources Confirms Initial Resource Estimate for Loki Flake Graphite Deposit
Abasca Resources Inc. has filed a technical report supporting the initial mineral resource estimate for the Loki Flake Graphite Deposit at the Key Lake South Project in Saskatchewan, Canada. The report confirms the potential with a total inferred resource of 11.31 million tonnes at an average grade of 7.65% graphite.
The estimate, dated April 10, 2025, follows thorough drilling programs and complies with the CIM Definition Standards. The demand for graphite is growing due to its essential role in electric vehicles and energy storage, marking it as a critical mineral in Canada and the US.
Dawn Zhou, President and CEO, expressed optimism about the deposit's potential to enhance shareholder value. Vice-President of Exploration Brian McEwan highlighted the further opportunities for Project expansion.
R. E.
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