# Abasca Resources Announces Maiden Graphite Resource at its Loki Flake Graphite Deposit

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/abasca-resources-announces-maiden-graphite-resource-at-its-loki-flake-graphite-d--88c21e2e-df2b-482b-a169-93248f37af57

Original source: https://money.tmx.com/en/quote/ABA/news/6548159667643045/abasca-resources-announces-maiden-graphite-resource-at-its-loki-flake-graphite-d

Publisher: tmx

Original announcement: 2025-04-15T12:30:00.000Z

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: None reported

- Document categories: Resource update

- Extracted: 2026-08-21 08:28:18 UTC

Narrative sentiment: 0.60 · Bullish

## Minestarters Atlas summary

Abasca Resources has announced a maiden mineral resource estimate for its Loki Flake Graphite Deposit in Saskatchewan. The resource consists of 11.31 Mt of Inferred graphite at an average grade of 7.65% Cg.

Reasoning: The announcement of a maiden graphite resource of 11.31 Mt at 7.65% Cg is a major milestone, though it remains entirely in the Inferred category.

- Positive factor: Maiden resource establishment

- Positive factor: High grade \(7.65% Cg\)

- Positive factor: Significant tonnage \(11.31 Mt\)

- Positive factor: QA/QC disclosed

- Positive factor: QP/CP signed

- Negative factor: 100% Inferred category

Facts used in scoring: 1

## Classification and evidence

**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 announcement is for the maiden mineral resource estimate of the Loki Flake Graphite Deposit.

Evidence · text

> announces maiden mineral resource estimate

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The entire resource is classified as Inferred.

Evidence · table

> Inferred

Context: 11.31

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: The MRE was completed in accordance with NI-43-101 guidelines.

Evidence · text

> in accordance with NI-43-101 guidelines

**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 who reviewed and approved the technical information.

Evidence · text

> reviewed and approved by Brian McEwan, P.Geo, a Qualified Person

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: The cut-off grade of 2.78% Cg is clearly stated.

Evidence · table

> 2.78

Context: Inferred

## 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-staging.minestarters.com/news/abasca-resources-announces-maiden-graphite-resource-at-its-loki-flake-graphite-d--88c21e2e-df2b-482b-a169-93248f37af57#fact-resource-facts-0)

Loki Flake Graphite Deposit · graphite

#### Identity

- Project: Loki Flake Graphite Deposit
- Commodity: graphite
- Region: canada\_sk
- Reported Region: Saskatchewan
- Ticker: ABA

#### Resource Data

- Category: inferred
- Tonnes: 11310000
- Grade: 7.65
- Grade Unit: % Cg
- Contained Metal: 0.86
- Contained Unit: Mt
- Cutoff Grade: 2.78

#### Lab

- Laboratory: SRC Geoanalytical Laboratories

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-04-15T00:00:00.000Z

Reasoning: Maiden resource of significant scale and grade, but limited to Inferred confidence.

- Positive factor: Maiden resource

- Positive factor: Strong grade

- Negative factor: Inferred category only

Evidence · table

> 11.31

Context: Inferred

## 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.