# 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--73b2faaf-4686-4d91-9d91-e08bcaf195f3 Original source: https://www.abasca.ca/abasca-announces-filing-of-technical-report-regarding-positive-preliminary-economic-assessment-for-the-loki-flake-graphite-deposit-and-private-placement-of-2-25-million/ Publisher: prospectors\_exchange Original announcement: 2026-09-23T00:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-23T11:56:45.702Z Atlas analysis updated: 2026-09-23T11:56:45.702Z - Company: Abasca Resources Inc. - Ticker: ABA - Exchange: Unavailable - Region: Saskatchewan, Canada - Primary commodity: Graphite - Secondary commodities: None reported - Document categories: Resource update, Other - Extracted: 2026-09-23 11:56:46 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Abasca Resources has filed a NI 43-101 technical report containing a positive Preliminary Economic Assessment \(PEA\) for the Loki Flake Graphite Deposit, showing an after-tax NPV of US$130M. The report also includes a mineral resource update that converted 67% of prior Inferred resources into the Indicated category. Additionally, the company announced a $2.25 million private placement to fund ongoing exploration. Reasoning: The announcement combines a significant resource update \(conversion of Inferred to Indicated\) with a positive Preliminary Economic Assessment \(PEA\) and successful capital raising. - Positive factor: Positive PEA economics with US$130M after-tax NPV - Positive factor: Significant resource conversion \(67% of Inferred to Indicated\) - Positive factor: Successful private placement of $2.25M to fund exploration - Positive factor: Long mine life of 19 years - Negative factor: PEA is preliminary in nature and includes speculative Inferred resources 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: 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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: Report prepared in accordance with NI 43-101 standards Evidence · text > prepared by Tetra Tech Canada Inc. ... in accordance with National Instrument 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: Multiple Qualified Persons named and responsible for different aspects of the report Evidence · text > The scientific and technical information contained in this news release has been reviewed and approved by Brian McEwan, P.Geo., who is a Qualified Person ## 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--73b2faaf-4686-4d91-9d91-e08bcaf195f3#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 - QP Signed: Yes - Qualified person names: Brian McEwan, Matt Batty, Hasssan Ghaffari, Sabry Hafez, Jianhui Huang, Chris Johns - Resource group id: resource:61d5da6382ae47f91191 - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 6990000 - Grade: 8.27 - Grade Unit: % Cg #### Prior Estimate - Resource Date: 2026-04-23 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-23T00:00:00.000Z Reasoning: Indicated resource provides a solid base for economic studies. - Positive factor: Indicated category provides higher geological confidence 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/abasca-announces-filing-of-technical-report-regarding-positive-preliminary-econo--73b2faaf-4686-4d91-9d91-e08bcaf195f3#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 - QP Signed: Yes - Qualified person names: Brian McEwan, Matt Batty, Hasssan Ghaffari, Sabry Hafez, Jianhui Huang, Chris Johns - Resource group id: resource:af77ec0f9f4a16d946e1 - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 15830000 - Grade: 6.93 - Grade Unit: % Cg #### Prior Estimate - Resource Date: 2026-04-23 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-23T00:00:00.000Z Reasoning: Inferred resources represent higher geological risk. - Positive factor: Large tonnage component - Negative factor: Inferred category is speculative 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 **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.