# Abasca Resources Announces Exploration Update at its Loki Flake Graphite Deposit and Non-Brokered Private Placement of up to $2.5 Million Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/abasca-resources-announces-exploration-update-at-its-loki-flake-graphite-deposit--86ca6dd0-f298-4a59-94c9-2daca02b1468 Original source: https://money.tmx.com/en/quote/ABA/news/8453161144088182/abasca-resources-announces-exploration-update-at-its-loki-flake-graphite-deposit Publisher: tmx Original announcement: 2025-09-08T12:30:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Abasca Resources Inc. - Ticker: ABA - Exchange: TSX - Region: Saskatchewan - Primary commodity: Graphite - Secondary commodities: Uranium - Document categories: Capital raise, Resource update - Extracted: 2026-09-19 09:24:37 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary Abasca Resources has completed geotechnical and geohydrological drilling at its Loki Flake Graphite Deposit and announced a non-brokered private placement of up to $2.5 million. The company intends to use the proceeds for exploration and in-fill drilling to upgrade the existing 11.31 Mt inferred graphite resource. Reasoning: The company successfully completed a technical drilling program and simultaneously secured funding via a private placement to continue its exploration and resource upgrade program. - Positive factor: Successful completion of geotechnical and geohydrological drilling - Positive factor: Capital raise of up to $2.5 million to fund exploration - Positive factor: Confirmation of graphite mineralization model - Positive factor: Planned in-fill drilling to upgrade resource confidence Facts used in scoring: 2 ## Classification and evidence **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The Loki Flake Graphite Deposit is reported as an inferred resource. Evidence · text > comprising a total inferred resource of 11.31 Mt at 7.65 % Cg **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, is named as the Qualified Person. Evidence · text > reviewed and approved by Brian McEwan, P.Geo, a Qualified Person **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: Technical information is reviewed and approved as per NI 43-101 standards. Evidence · text > approved by Brian McEwan, P.Geo, a Qualified Person as set out in National Instrument 43-101 ## Extracted facts Stored fact records: 1. Some facts used in scoring do not have a stored record. ## Resource Estimates (1) ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/abasca-resources-announces-exploration-update-at-its-loki-flake-graphite-deposit--86ca6dd0-f298-4a59-94c9-2daca02b1468#fact-resource-facts-0) Key Lake South Project · graphite #### Identity - Project: Key Lake South Project - Commodity: graphite - Region: canada\_sk - Reported Region: Saskatchewan - Ticker: ABA #### Resource scope - Estimate type: resource - Effective date: 2025-04-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:bc5fb0d56f21e970b263 - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 11310000 - Grade: 7.65 - Grade Unit: % Cg #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-09-08T00:00:00.000Z Reasoning: The resource is reported as an inferred resource, which is a lower confidence category. Evidence · text > comprising a total inferred resource of 11.31 Mt at 7.65 % 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 ## 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.