Abasca Announces Filing of Technical Report Regarding Positive Preliminary Economic Assessment for the Loki Flake Graphite Deposit and Private Placement of $2.25 Million
Abasca Resources Inc. has filed a NI 43-101 technical report containing a Preliminary Economic Assessment (PEA) for the Loki Flake Graphite Deposit in Saskatchewan, reporting an after-tax NPV of US$130M and an IRR of 16.7%. The filing also includes a mineral resource update showing 6.99 Mt of Indicated and 15.83 Mt of Inferred graphite resources, alongside a $2.25 million private placement to fund ongoing exploration.