Key facts
| Company | Abasca Resources (TSXV: ABA) |
|---|---|
| Commodity | Graphite |
| Location | Saskatchewan, Canada |
| Stage | Early exploration |
News releases19 on file
Abasca Resources Completes Summer Drill Program at Loki Flake Graphite Deposit, Collects 10 Tonnes of Core for Pilot Plant Testing, and Appoints New Chief Financial Officer
Abasca Resources has completed its summer drill program at its 100%-owned Loki Flake Graphite Deposit in Saskatchewan, drilling 1,956 metres over 16 drillholes and collecting approximately 10 tonnes of core for a pilot plant program at SGS Canada's Lakefield laboratory. The company also appointed Lawrence Cheung as Chief Financial Officer, effective October 27, 2026.
Drill resultsAbasca Announces Filing of Technical Report Regarding Positive Preliminary Economic Assessment for the Loki Flake Graphite Deposit and Private Placement of $2.25 Million
A NI 43-101 technical report for the Loki Flake Graphite Deposit PEA at the Key Lake South Project, Saskatchewan, has been filed on SEDAR+, prepared by Tetra Tech with an effective date of August 19, 2026. The PEA outlines a 2,750 tonne-per-day open-pit operation over a 19-year mine life averaging 66,500 tonnes of 95% graphite concentrate annually, with an after-tax NPV(8%) of US$130M and 16.7% IR
Study resultsAbasca’s Loki Flake Graphite Deposit Selected for Inclusion in the Canada Investment Summit Prospectus, Recognized as a Strategic Critical Minerals Opportunity
Abasca Resources' 100%-owned Loki Flake Graphite Deposit, on its Key Lake South Project in Saskatchewan, has been selected for inclusion in the Canada Investment Summit Prospectus, which has been distributed to delegates at the Summit held in Toronto on September 14 and 15, 2026. CEO Dawn Zhou was invited to the Summit Welcome Reception on September 13, 2026. Abasca was also named to the Invest in
CorporateAbasca Announces Positive Preliminary Economic Assessment for the Loki Flake Graphite Deposit: After-Tax NPV of US$130 Million and 16.7% IRR
A Preliminary Economic Assessment for the 100%-owned Loki Flake Graphite Deposit at the Key Lake South Project in Saskatchewan shows an after-tax NPV (8%) of US$130 million and 16.7% IRR at a US$1,450/tonne graphite price, with initial capex of US$216 million, total capital of US$307 million, operating costs of US$46.34/t processed and a 4.7-year after-tax payback. The 2,750 tpd open-pit operation
Study resultsAbasca Increases Loki Flake Graphite Resource and Confirms Second Mineralized Trend at Thor Zone
An updated pit-constrained mineral resource estimate for the Loki Flake Graphite Deposit at the 100%-owned Key Lake South Project in northern Saskatchewan reports Indicated resources of 6.99 Mt at 8.27% Cg and Inferred resources of 15.83 Mt at 6.93% Cg, at a 2.30% Cg cut-off and an effective date of April 23, 2026, converting 67% of prior Inferred contained graphite to Indicated. The estimate will
Resource updateAbasca Resources Engages Tetra Tech to Complete Preliminary Economic Assessment for the Loki Flake Graphite Deposit
Tetra Tech Canada Inc. has been engaged to complete a Preliminary Economic Assessment for the 100%-owned Loki Flake Graphite Deposit at the Key Lake South Project in northern Saskatchewan. The PEA will incorporate an updated Mineral Resource Estimate by Understood Mineral Resources Ltd. using more than 50 infill and extension drillholes from 2025 and 2026, which extended the delineated strike leng
Study resultsAbasca Resources Announces Completion of Winter Exploration Program and Arrangement of Non-Brokered Private Placement of up to $2.5 Million
Abasca Resources completed its Winter 2026 exploration program at the 100%-owned Loki Flake Graphite Deposit in northern Saskatchewan, drilling 4,922 m — 4,517 m in 18 diamond drillholes and 405 m in 12 sonic drillholes. Eight holes over two fences extended the deposit by 200 m of strike length, bringing delineated strike to 1.4 km versus 600 m in the 2025 resource estimate; results included 23.10
Drill resultsAbasca Resources Announces Engagement of High Grade Mining Consulting Ltd. and Non-Brokered Private Placement of up to $3.0 Million
High Grade Mining Consulting Ltd., led by mining engineer Gary Haywood, P.Eng., has been engaged to provide technical consulting for Abasca's 100%-owned Loki Flake Graphite Deposit in northern Saskatchewan, including assisting with preparation of an upcoming Preliminary Economic Assessment. The company also launched a non-brokered private placement of up to $3.0 million, comprising up to 12,000,00
FinancingAbasca Resources Announces Assay Results from the Summer 2025 Drill Program and Start of Winter Drilling at its Loki Flake Graphite Deposit
In-fill drilling assays from the summer 2025 program at the Loki Flake Graphite Deposit, part of the 100%-owned Key Lake South Project in northern Saskatchewan, totalled 6,210 m over 27 holes and returned intersections including 62.10 m at 9.43 % Cg in KLS-25-095, 56.00 m at 9.49 % Cg in KLS-25-097 and 49.70 m at 10.11 % Cg in KLS-25-101. The drilling aimed to upgrade the classification of the 11.
Drill resultsAbasca Resources Provides Exploration Update at its Loki Flake Graphite Deposit and Granting Stock Option
Two 2025 drill programs were completed at the 100%-owned Loki Flake Graphite Deposit on the Key Lake South Project in Saskatchewan, with the summer in-fill program totalling 6,691 m over 35 holes, including 1,103 m from 10 geotechnical holes; assays are pending. The winter program extended the strike length of graphite mineralization by 700 m. Abasca plans an updated resource in the first half of
Drill resultsAbasca Resources Releases Assay Results from the Winter 2025 Drill Program at its Loki Flake Graphite Deposit
Assay results from the winter 2025 drill program at the Loki Flake Graphite Deposit on the Key Lake South Project in northern Saskatchewan included 30.00 m at 10.64 % Cg (including 10.0 m at 13.77 % Cg) in KLS-25-058, 34.00 m at 9.02 % Cg in KLS-25-060 and 26.00 m at 8.53 % Cg in KLS-25-066. The program totalled 5,925 m in 23 holes and extended inferred-spaced drilling 300 m northwest and 400 m so
Drill resultsAbasca Resources Announces Exploration Update at its Loki Flake Graphite Deposit and Non-Brokered Private Placement of up to $2.5 Million
Geohydrological and geotechnical drilling has been completed at the Loki Flake Graphite Deposit on the 100%-owned Key Lake South Project in northern Saskatchewan, comprising six sonic drillholes totaling 235 m and four diamond drillholes totaling 868 m, supporting environmental baseline work, open-pit and tailings design, an EIA, resource estimates and metallurgical testing. The remaining 2025 sum
Drill resultsAbasca Resources Releases Assays Confirming Multiple Intersections from its Thor Graphite Zone and Announces Resumption of In-Fill Drilling at its Loki Flake Graphite Deposit
Drillhole KLS-25-072 at the Thor Graphite Zone, part of the 100%-owned Key Lake South Project in northern Saskatchewan, intersected three zones of graphite mineralization, including a primary zone totalling 40 m averaging 8.57 % Cg from 145 m and a 32 m interval at 6.43 % Cg from 347 m. A summer in-fill drill program of approximately 5,000 m has begun at the Loki Flake Graphite Deposit, targeting
Drill resultsAbasca Resources Announces Newly Discovered Thor Graphite Zone Parallel to its Loki Flake Graphite Deposit and Closing of the Final Tranche of Its Private Placement
Drilling northeast of the Loki Flake Graphite Deposit at the 100%-owned Key Lake South Project in northern Saskatchewan confirmed graphite mineralization along a parallel trend now called the Thor Graphite Zone, with KLS-24-046 returning 27.0 m at 8.91 % Cg, including 8.0 m at 13.38 % Cg, and KLS-24-042 returning 10.0 m at 6.42 % Cg. The zone remains open in all directions. The final tranche of th
Drill resultsAbasca Resources Files NI 43-101 Technical Report on its Loki Flake Graphite Deposit Confirming Initial Resource Estimate
An NI 43-101 technical report dated May 29, 2025 has been filed on SEDAR+ supporting the initial mineral resource estimate for the Loki Flake Graphite Deposit at the 100%-owned Key Lake South Project in northern Saskatchewan. The pit-constrained inferred resource totals 11.31 Mt at 7.65 % Cg, containing 0.86 Mt of graphite at a 2.78 % Cg cut-off, with an effective date of April 10, 2025. The secon
Resource updateAbasca Resources Announces Maiden Graphite Resource at its Loki Flake Graphite Deposit
A maiden inferred mineral resource estimate for the Loki Flake Graphite Deposit at the 100%-owned Key Lake South Project in northern Saskatchewan totals 11.31 Mt at 7.65 % Cg, containing 0.86 Mt of graphite at a 2.78 % Cg cut-off, pit-constrained and effective April 10, 2025. The estimate, completed by Understood Mineral Resources under NI 43-101, is based mainly on 20 holes totaling 5,499 m drill
Resource updateAbasca Resources Releases Graphite Intersection Assays at its Loki Flake Graphite Zone Including 60 m at 9.09 % Cg
Assay results from the remaining fourteen drillholes of the 2024 summer program at the Loki Flake Graphite Zone, Key Lake South Project in northern Saskatchewan, included 60.0 m at 9.09 % Cg in KLS-24-043 (including 1.0 m at 21.05 % Cg), 44.0 m at 9.34 % Cg in KLS-24-049 and 33.5 m at 10.10 % Cg in KLS-24-050. The 20-hole, 5,499 m program delineated a 600 m section on 100 m x 100 m spacing. Data h
Drill resultsAbasca Resources Engages Understood Mineral Resources Ltd. to Complete Flake Graphite Resource Estimate of its Loki Flake Graphite Zone and Grants Stock Options
Understood Mineral Resources Ltd. has been engaged to complete a flake graphite resource estimate for the Loki Flake Graphite Zone on Abasca's 100%-owned, 23,977-hectare Key Lake South Project in the Athabasca Basin region of northern Saskatchewan, about 15 km south of the former Key Lake mine. First lab results from the summer 2024 drill program have been received, with a winter 2025 drill progra
Resource updateAbasca Resources Announces Multiple Graphite Intersections at its Loki Flake Graphite Zone Including 52 m at 7.18 % Cg
Drilling at the Loki Flake Graphite Zone on the Key Lake South Project in northern Saskatchewan returned 52.0 m at 7.18 % Cg, including 8.5 m at 14.98 % Cg, in hole KLS-24-031, plus 42.5 m at 7.36 % Cg (KLS-24-026), 33.0 m at 7.28 % Cg (KLS-24-027) and 30.3 m at 8.72 % Cg (KLS-24-028). The summer program drilled 20 holes totalling 5,499 m on a 100 m x 100 m grid, with two further holes totalling 9
Drill results