Abasca Resources Engages Tetra Tech to Complete Preliminary Economic Assessment for the Loki Flake Graphite Deposit
Original announcement by tmx on
- Company
- Abasca Resources Inc.
- Ticker
- ABA
- Exchange
- TSX
- Region
- Saskatchewan
- Primary commodity
- Graphite
- Secondary commodities
- Uranium
- Document categories
- Economic study, Resource update
- Extracted
- 2026-09-19 07:16:51 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Abasca Resources has engaged Tetra Tech to conduct a Preliminary Economic Assessment (PEA) for the Loki Flake Graphite Deposit in Saskatchewan. The study will incorporate an updated Mineral Resource Estimate that reflects a significant strike length extension to 1,400 metres achieved through recent drilling.
Reasoning: The announcement marks a significant transition from exploration to economic evaluation (PEA) for the Loki graphite deposit, supported by substantial strike length extension.
Positive factors
- Engagement of Tetra Tech to advance project to PEA stage
- Significant strike length extension from 500m to 1,400m
- Proximity to existing Key Lake mill infrastructure
- Inclusion of recent 2025/2026 drilling in upcoming MRE
Facts used in scoring: 2
Classification and evidence
PEA Onlyneutral
Only Class 4 / Initial Assessment economics available. Not bankable.
Why it applies: The company has engaged Tetra Tech specifically to complete a Preliminary Economic Assessment.
Evidence · text
“engaged Tetra Tech Canada Inc. ("Tetra Tech") to complete a Preliminary Economic Assessment (" PEA ")”
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The current resource for the Loki deposit is stated as entirely inferred.
Evidence · text
“comprising a total inferred resource of 11.31 Mt at 7.65 % Cg”
Step-Out Extensionpositive · Story-specific tag
Mineralization extended beyond the previously known limit.
Why it applies: Drilling has extended the delineated strike length from 500m to 1,400m.
Evidence · text
“extended the delineated strike length of the Loki Deposit from 500 metres to approximately 1,400 metres”
Extracted facts
Stored fact records: 1. Some facts used in scoring do not have a stored record.
Resource Estimates (1)
inferredLoki Flake Graphite Deposit · graphiteTonnes: 11310000Grade: 7.65Grade Unit: % CgHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Loki Flake Graphite Deposit
- Commodity
- graphite
- Region
- canada_sk
- Reported Region
- Saskatchewan
- Ticker
- ABA
Resource scope
- Estimate type
- resource
- Resource group id
- resource:7b77fdad58368992f8ab
- Deposit or zone
- Loki Flake Graphite
Resource Data
- Category
- inferred
- Tonnes
- 11310000
- Grade
- 7.65
- Grade Unit
- % Cg
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-05-29T00:00:00.000Z
Dates
- Event date
- 2026-05-26T00:00:00.000Z
Reasoning: This is a restatement of the maiden resource from the May 2025 technical report.
Negative factors
- Entirely inferred category
Evidence · text
“comprising a total inferred resource of 11.31 Mt at 7.65 % Cg”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
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.