# 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-staging.minestarters.com/news/abasca-announces-filing-of-technical-report-regarding-positive-preliminary-econo--1d8f71b7-bbc6-4914-bfa9-57500e050f93 Original source: https://www.accessnewswire.com/newsroom/en/metals-and-mining/abasca-announces-filing-of-technical-report-regarding-positive-preliminary-econom-1225688 Publisher: accesswire Original announcement: 2026-09-23T11:16:10.746Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-23T11:17:49.097Z Atlas analysis updated: 2026-09-23T11:17:49.097Z - Company: Abasca Resources Inc. - Ticker: ABA - Exchange: Unavailable - Region: Saskatchewan, Canada - Primary commodity: Graphite - Secondary commodities: Uranium - Document categories: Resource update, Capital raise - Extracted: 2026-09-23 11:17:49 UTC Narrative sentiment: 0.70 · Bullish ## Minestarters Atlas summary Abasca Resources has filed a technical report for the Loki Flake Graphite Deposit in Saskatchewan, featuring a positive Preliminary Economic Assessment \(PEA\) with an after-tax NPV of US$130M. The report also includes an updated Mineral Resource Estimate showing 6.99 Mt of Indicated graphite at 8.27% Cg. Additionally, the company announced a $2.25 million private placement to fund ongoing exploration. Reasoning: The announcement combines a significant mineral resource upgrade \(conversion of Inferred to Indicated\) with a positive Preliminary Economic Assessment and a successful capital raise. - Positive factor: Significant resource upgrade with 67% conversion from Inferred to Indicated - Positive factor: Positive PEA economics with US$130M after-tax NPV - Positive factor: Successful private placement of $2.25M to fund exploration - Negative factor: PEA is preliminary and includes speculative Inferred resources Facts used in scoring: 3 ## 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: Conversion of 67% of the prior Inferred Resource to Indicated Resource based on contained graphite Evidence · text > Conversion of 67% of the prior Inferred Resource to Indicated Resource **Maiden Resource** Polarity: neutral Definition: First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. Why it applies: The PEA is the first formal economic assessment for the project Evidence · text > containing the Preliminary Economic Assessment \(the "PEA"\) on SEDAR+ ## 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-staging.minestarters.com/news/abasca-announces-filing-of-technical-report-regarding-positive-preliminary-econo--1d8f71b7-bbc6-4914-bfa9-57500e050f93#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 - Reporting standards: ni\_43\_101 - Resource group id: resource:84e74ff3415ff92c33c5 - Deposit or zone: Loki Flake Graphite Deposit - Mining method: open\_pit - Resource basis: gross #### 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: High-grade indicated resource reported as part of an update. - Positive factor: Strong grade and significant tonnage 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-staging.minestarters.com/news/abasca-announces-filing-of-technical-report-regarding-positive-preliminary-econo--1d8f71b7-bbc6-4914-bfa9-57500e050f93#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 - Reporting standards: ni\_43\_101 - Resource group id: resource:74dcfbeea020adde88a6 - Deposit or zone: Loki Flake Graphite Deposit - Mining method: open\_pit - Resource basis: gross #### 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: Significant inferred resource component supporting the PEA. - Positive factor: Large tonnage of inferred resource - Negative factor: Speculative 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.