# Abasca Files NI 43-101 Technical Report, Commences Summer Exploration Program at Loki and Elects to File Semi-annual Interim Financial Statements and Related MD&A Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/abasca-files-ni-43-101-technical-report-commences-summer-exploration-program-at--d7e03545-abf2-47cf-ba26-3e148f0da9d5 Original source: https://money.tmx.com/en/quote/ABA/news/8167278222182835/abasca-files-ni-43-101-technical-report-commences-summer-exploration-program-at- Publisher: tmx Original announcement: 2026-08-28T11:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Abasca Resources Inc. - Ticker: ABA - Exchange: TSX - Region: Saskatchewan, Canada - Primary commodity: Graphite - Secondary commodities: Uranium - Document categories: Resource update, Other - Extracted: 2026-09-19 06:19:06 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Abasca Resources Inc. has updated its mineral resource estimate for the Loki Flake Graphite Deposit in Saskatchewan, converting 67% of the prior Inferred resource to Indicated. The update also saw the Inferred resource tonnage grow by 40% to 15.83 Mt. The company has also commenced a summer exploration program including in-fill drilling to support future pilot plant testing. Reasoning: The announcement details a significant resource upgrade at the Loki graphite deposit, converting a large portion of inferred material to indicated, while also growing the remaining inferred resource. This de-risks the project ahead of feasibility studies. - Positive factor: Significant conversion of Inferred to Indicated resource \(67%\) - Positive factor: Substantial growth in Inferred resource tonnage \(40%\) - Positive factor: NI 43-101 compliant technical report filed - Positive factor: In-fill drilling program commenced to support pilot plant Facts used in scoring: 2 ## Classification and evidence **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 **Tonnage Growth** Polarity: positive Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: Inferred resource tonnage grew by 40% from 11.31 Mt to 15.83 Mt. Evidence · text > Inferred Resource grew 40%, from 11.31 Mt at 7.65% Cg to 15.83 Mt at 6.93% Cg **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. Evidence · text > prepared in accordance with NI 43-101 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: Brian McEwan, P.Geo. and Matthew Batty, P.Geo. are named as Qualified Persons. Evidence · text > reviewed and approved by Brian McEwan, P.Geo., a Qualified Person **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The source explicitly discloses a revised resource estimate Evidence · text > Updated Mineral Resource Estimate ## 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-files-ni-43-101-technical-report-commences-summer-exploration-program-at--d7e03545-abf2-47cf-ba26-3e148f0da9d5#fact-resource-facts-0) Loki Flake Graphite Deposit · graphite #### Identity - Project: Loki Flake Graphite Deposit - Commodity: graphite - Region: canada\_sk - Reported Region: Saskatchewan, Canada - Ticker: ABA #### Resource scope - Estimate type: resource - Effective date: 2026-04-23T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian McEwan, Matthew Batty - Resource group id: resource:2952b20e180cf86ab779 - Deposit or zone: Loki Flake Graphite Deposit - Ownership percent: 100 % #### 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: 2026-08-28T00:00:00.000Z Reasoning: Strong conversion of resource category increases geological confidence. - Positive factor: Significant conversion from Inferred to Indicated 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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **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 **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/abasca-files-ni-43-101-technical-report-commences-summer-exploration-program-at--d7e03545-abf2-47cf-ba26-3e148f0da9d5#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 #### Resource scope - Estimate type: resource - Effective date: 2026-04-23T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian McEwan, Matthew Batty - Resource group id: resource:96299e9f0650d4c18148 - Deposit or zone: Loki Flake Graphite Deposit - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 15830000 - Grade: 6.93 - Grade Unit: % Cg #### Prior Estimate - Resource Date: 2026-04-23 - Prior Tonnes: 11310000 - Prior Grade: 7.65 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-28T00:00:00.000Z Reasoning: Tonnage growth is positive, but accompanied by a grade reduction. - Positive factor: 40% growth in tonnage - Negative factor: Grade decline from 7.65% to 6.93% 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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **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 **Tonnage Growth** Polarity: positive Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: 15830000 against 11310000 previously **Grade Decline** Polarity: negative Definition: Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling. Why it applies: 6.93 against 7.65 previously **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 **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. 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.