Abasca Resources Enhances Loki Graphite Deposit and Confirms Thor Zone Trend

Abasca Resources Inc. has announced an updated Mineral Resource Estimate (MRE) for its Loki Flake Graphite Deposit. This update significantly boosts the inferred resources and upgrades a portion to indicated resources. The latest figures reveal 6.99 Mt of indicated resources at 8.27% Cg and 15.83 Mt of inferred resources at 6.93% Cg.

Situated in a prolific mining area, the Loki Deposit's updated MRE incorporates findings from the 2025 and 2026 exploration programs and will contribute to an ongoing Preliminary Economic Assessment (PEA). This assessment is crucial for advancing the project into the feasibility stage. Improvements at the site demonstrate its growing potential, with high-grade intersections confirmed at the nearby Thor Zone.

The efforts at Thor have yielded promising results with several drillholes intersecting multiple mineralized zones, bolstering Abasca's strategic goals, and supporting Saskatchewan's critical mineral supply chain.