# Abasca Announces Filing of Technical Report Regarding Positive Preliminary Economic Assessment for the Loki Flake Graphite Deposit and Private Placement of $2.25 Million Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/abasca-announces-filing-of-technical-report-regarding-positive-preliminary-econo--58e89fd3-9f12-4f9c-a1c8-6de978e13869 Original source: https://orestocks.com/company/ABA.V/press-releases/7453604797986731 Publisher: orestocks Original announcement: 2026-09-23T11:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Abasca Resources Inc. - Ticker: ABA.V - Exchange: Unavailable - Region: Saskatchewan, Canada - Primary commodity: Graphite - Secondary commodities: None reported - Document categories: Resource update, Economic study, Capital raise - Extracted: 2026-09-23 12:09:11 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Abasca Resources has filed a NI 43-101 technical report containing a Preliminary Economic Assessment \(PEA\) for the Loki Flake Graphite Deposit in Saskatchewan, showing an NPV of US$161M at 8%. The report also includes a mineral resource update with 6.99 Mt of Indicated and 15.83 Mt of Inferred graphite resources, alongside a $2.25 million private placement to fund ongoing exploration. Reasoning: The announcement delivers a formal PEA with positive economics and a concurrent resource update showing significant conversion, alongside successful capital raising. - Positive factor: Positive PEA economics with US$161M NPV @ 8% - Positive factor: Significant resource conversion \(67% of Inferred to Indicated\) - Positive factor: Successful private placement of $2.25M to fund exploration - Positive factor: Long mine life of 19 years - Negative factor: PEA is preliminary and includes speculative Inferred resources - Negative factor: IRR of 16.6% is moderate for a greenfield graphite project Facts used in scoring: 4 ## Classification and evidence **PEA Only** Polarity: neutral Definition: Only Class 4 / Initial Assessment economics available. Not bankable. Why it applies: The economic results are based on a Preliminary Economic Assessment, which is a conceptual study. Evidence · text > The PEA is preliminary in nature. **Category Upgrade** Polarity: positive Definition: Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal. Why it applies: 67% of the prior Inferred Resource was converted to Indicated Resource. Evidence · text > Conversion of 67% of the prior Inferred Resource to Indicated Resource **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The technical report was prepared in accordance with NI 43-101 standards. Evidence · text > prepared by Tetra Tech Canada Inc. \("Tetra Tech"\) ... in accordance with National Instrument 43-101 **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The resource estimate includes a significant Inferred component. Evidence · text > Inferred Resources: 15.83 Million tonnes at 6.93% Cg ## Extracted facts Stored fact records: 2. Some facts used in scoring do not have a stored record. ## Resource Estimates (2) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/abasca-announces-filing-of-technical-report-regarding-positive-preliminary-econo--58e89fd3-9f12-4f9c-a1c8-6de978e13869#fact-resource-facts-1) Loki Flake Graphite Deposit · graphite #### Identity - Project: Loki Flake Graphite Deposit - Commodity: graphite - Region: canada\_sk - Reported Region: Saskatchewan, Canada - Ticker: ABA.V #### Resource scope - Estimate type: resource - Effective date: 2026-04-23T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:d5345a4d2e1c524452d5 - Deposit or zone: Loki Flake Graphite - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 6990000 - Grade: 8.27 - Grade Unit: % Cg #### Prior Estimate - Resource Date: 2026-04-23 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-23T00:00:00.000Z Reasoning: Indicated resource component of the update. - Positive factor: High grade indicated resource Evidence · text > Indicated Resources: 6.99 Million tonnes at 8.27% Cg #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/abasca-announces-filing-of-technical-report-regarding-positive-preliminary-econo--58e89fd3-9f12-4f9c-a1c8-6de978e13869#fact-resource-facts-2) Loki Flake Graphite Deposit · graphite #### Identity - Project: Loki Flake Graphite Deposit - Commodity: graphite - Region: canada\_sk - Reported Region: Saskatchewan, Canada - Ticker: ABA.V #### Resource scope - Estimate type: resource - Effective date: 2026-04-23T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:a756c38b3892843fa360 - Deposit or zone: Loki Flake Graphite - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 15830000 - Grade: 6.93 - Grade Unit: % Cg #### Prior Estimate - Resource Date: 2026-04-23 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-23T00:00:00.000Z Reasoning: Inferred resource component of the update. - Positive factor: Large tonnage - Negative factor: Speculative nature of inferred category Evidence · text > Inferred Resources: 15.83 Million tonnes at 6.93% Cg #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.