on Abasca Resources Inc. (CVE:ABA)
Abasca Reports Positive Economic Assessment for Loki Flake Graphite Deposit
Abasca Resources Inc. has announced encouraging results from a Preliminary Economic Assessment (PEA) for its Loki Flake Graphite Deposit. The PEA estimates an after-tax net present value (NPV) of USD 130 million and an internal rate of return (IRR) of 16.7%. The project, located 15 km south of the Key Lake mill, promises long-life development potential with plans to advance to a feasibility study.
The 19-year mining project projects an annual production of 66,500 tonnes of graphite concentrate at a 95% grade. It is forecast to generate USD 662 million in cumulative after-tax free cash flow under the base case graphite price of USD 1,450 per tonne.
Despite its positive outlook, Abasca acknowledges the elements of uncertainty inherent to converting mineral resources to reserves. Moving forward, the focus will be on technical data acquisition and obtaining the necessary permits to progress.
R. H.
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