Abasca Resources Releases Results from the Winter 2025 Drill Program at its Loki Flake Graphite Deposit
NEWS RELEASE
Abasca Resources Releases Results from the Winter 2025 Drill Program at its Loki Flake Graphite
Deposit
Abasca Resources Inc. – News Release 2025-10 November 12, 2025
#208 – 311 4th Avenue North, Saskatoon, SK S7K 2L8 Page 1 of 10
Abasca Resources Releases Assay Results from the Winter
2025 Drill Program at its Loki Flake Graphite Deposit
November 1 2, 202 5 – Saskatoon, S askatchewan: Abasca Resources Inc. (“Abasca” or the “Company”)
(TSXV: ABA) is pleased to release assay results from the winter 2025 drill program at its Loki Flake Graphite
Deposit (Loki Deposit) at its 100%-owned Key Lake South (KLS) Project (Figure 1, Figure 2). The drill program
focused on expanding on the initial 11.31 Mt inferred flake graphite resource at 7.65 % Cg 1. A total of 5,925
m over 23 holes were completed. This included one hole (KLS-24-072) at the Thor Zone, which successfully
intersected three intervals of graphite mineralization. The primary interval measured a total length of 40 m
with an average grade of 8.57%. (Assay results for the hole were previously released on August 25, 2025) .
Drilling completed at the Loki Deposit extended the inferred-spaced drilling along strike by 300 m toward the
northwest and 400 m toward the southeast (Figure 3). Locations and orientations of drillholes included in
this release are listed in Table 1 and their assay results are shown in Table 2.
Assay Highlights
• KLS-25-058: 30.00 m at 10.64 % Cg, including 10.0 m at 13.77 % Cg
• KLS-25-060: 34.00 m at 9.02 % Cg, including 9.0 m at 12.18 % Cg
• KLS-25-066: 26.00 m at 8.53 % Cg, including 7.0 m at 12.33 % Cg
• KLS-25-057: 24.85 m at 8.49 % Cg, including 5.85 m at 12.49 % Cg
• KLS-25-053: 20.35 m at 8.12 % Cg, including 8.0 m at 11.71 % Cg
• KLS-25-055: 20.10 m at 9.37 % Cg, including 7.0 m at 13.03 % Cg
• KLS-25-055: 19.70 m at 10.44 % Cg, including 6.0 m at 15.52 % Cg
Brian McEwan, Vice-President of Exploration commented “The Loki Deposit continues to provide consistent
graphite intercepts along strike toward the southeast. We are very pleased with these high-grade zones from
our winter program which will add to our initial mineral resource released earlier this year. With each
expansion program, we continue to add to our geologic understanding of the Loki Deposit. We look forward
to advancing the Loki Deposit toward the next stages of development.”
Collected samples were sent to SRC Geoanalytical Laboratories in Saskatoon, Saskatchewan, an
independent laboratory accredited under ISO/IEC 17025:2017 for preparation and ICP -MS multi-element
analysis, boron by fusion as well as graphite content (% Cg) and total sulphur by LECO . Samples were
collected in accordance with industry-standard quality assurance / quality control practices and included
the insertion of blanks, standard reference materials, and repeats into the sample stream at regular
intervals. Samples were also collected for in -field and lab density measurements at regular intervals and
through the mineralized zones.
For more information on the Loki Flake Graphite Deposit and an overview of the Key Lake South Project,
please visit the Company’s website at https://www.abasca.ca.
NEWS RELEASE
Abasca Resources Releases Results from the Winter 2025 Drill Program at its Loki Flake Graphite
Deposit
Abasca Resources Inc. – News Release 2025-10 November 12, 2025
#208 – 311 4th Avenue North, Saskatoon, SK S7K 2L8 Page 2 of 10
Figure 1: Map of the Key Lake South Project area showing the location of the Loki Flake Graphite Deposit and
other exploration target areas.
NEWS RELEASE
Abasca Resources Releases Results from the Winter 2025 Drill Program at its Loki Flake Graphite
Deposit
Abasca Resources Inc. – News Release 2025-10 November 12, 2025
#208 – 311 4th Avenue North, Saskatoon, SK S7K 2L8 Page 3 of 10
Figure 2: Map of the area around the Loki Flake Graphite Deposit area showing the 2016, 2024, and winter
2025 drilling.
NEWS RELEASE
Abasca Resources Releases Results from the Winter 2025 Drill Program at its Loki Flake Graphite
Deposit
Abasca Resources Inc. – News Release 2025-10 November 12, 2025
#208 – 311 4th Avenue North, Saskatoon, SK S7K 2L8 Page 4 of 10
Figure 3: Oblique view of the Loki Flake Graphite Deposit , showing the location of the mineralized flake
graphite zones from the winter 2025 drill program in relation to the pit-constrained inferred resource and the
2016 and 2024 drill results.
NEWS RELEASE
Abasca Resources Releases Results from the Winter 2025 Drill Program at its Loki Flake Graphite
Deposit
Abasca Resources Inc. – News Release 2025-10 November 12, 2025
#208 – 311 4th Avenue North, Saskatoon, SK S7K 2L8 Page 5 of 10
Table 1: Locations and orientations of drillholes included in this release. Coordinates are in UTM NAD 83
Zone 13N and all lengths are measured in metres.
Drillhole ID Easting Northing Elevation Azimuth Inclination Length
KLS-25-053 445815 6330186 558 35 -60 197
KLS-25-054 445757 6330108 556 35 -60 247
KLS-25-055 445701 6330028 551 35 -60 284
KLS-25-056 445897 6330133 550 35 -60 233
KLS-25-057 445844 6330061 550 35 -60 230
KLS-25-058 445782 6329968 548 35 -60 296
KLS-25-059 445981 6330077 551 35 -60 165
KLS-25-060 445868 6329920 544 35 -60 315
KLS-25-061 445920 6329995 544 35 -60 222
KLS-25-062 445940 6329859 543 35 -60 261
KLS-25-063 445185 6330509 547 35 -60 171
KLS-25-064 445126 6330427 548 35 -60 289
KLS-25-065 445068 6330343 549 35 -60 403
KLS-25-066 445106 6330570 542 35 -60 187
KLS-25-067 445048 6330485 545 35 -60 272
KLS-25-068 444990 6330404 545 35 -60 394
KLS-25-069 444966 6330542 552 35 -60 291
KLS-25-070 445018 6330624 549 35 -60 227
KLS-25-071 445078 6330710 552 35 -60 171
KLS-25-073 445749 6330602 553 215 -60 248
KLS-25-074 446060 6330015 546 35 -60 172
KLS-25-075 446000 6329937 542 35 -60 221
Table 2: Drillholes and their composited graphite intersections. All lengths are as measured downhole and
do not represent true thickness. Composite intervals are calculated using a 3.0 % Cg cut-off and may include
a maximum of 2.0 m internal dilution.
Drillhole ID From To Length Cg % S %
KLS-25-053
116.05 136.40 20.35 8.12 0.88
Including
117.00 125.00 8.00 11.71
KLS-25-054 155.00 156.50 1.50 3.13 0.59
171.20 191.30 20.10 9.37 1.37
Including
172.00 174.00 2.00 11.00
176.00 183.00 7.00 13.03
188.00 189.00 1.00 10.80
NEWS RELEASE
Abasca Resources Releases Results from the Winter 2025 Drill Program at its Loki Flake Graphite
Deposit
Abasca Resources Inc. – News Release 2025-10 November 12, 2025
#208 – 311 4th Avenue North, Saskatoon, SK S7K 2L8 Page 6 of 10
Drillhole ID From To Length Cg % S %
KLS-25-055 42.00 43.00 1.00 3.88 0.66
214.80 234.50 19.70 10.44 1.73
Including
214.80 216.00 1.20 10.63
219.00 225.00 6.00 15.52
227.00 229.00 2.00 12.35
230.00 231.00 1.00 13.10
KLS-25-056 92.35 115.00 22.65 6.43 0.76
Including
107.00 109.00 2.00 11.80
KLS-25-057 143.15 168.00 24.85 8.49 1.70
Including
143.15 149.00 5.85 12.49
161.00 162.00 1.00 10.60
165.00 166.00 1.00 12.80
KLS-25-058 213.00 243.00 30.00 10.64 2.11
Including
213.00 215.00 2.00 12.00
220.00 222.00 2.00 12.05
225.00 235.00 10.00 13.77
236.00 237.00 1.00 10.60
238.00 239.00 1.00 13.50
KLS-25-059 83.85 103.00 19.15 7.06 0.76
Including
83.85 84.00 0.15 11.00
93.00 94.00 1.00 10.40
98.00 100.00 2.00 11.10
KLS-25-060 165.00 170.00 5.00 10.16 1.59
181.00 215.00 34.00 9.02 1.77
Including
184.00 185.00 1.00 12.10
198.00 200.00 2.00 10.80
201.00 205.00 4.00 12.33
206.00 215.00 9.00 12.18
NEWS RELEASE
Abasca Resources Releases Results from the Winter 2025 Drill Program at its Loki Flake Graphite
Deposit
Abasca Resources Inc. – News Release 2025-10 November 12, 2025
#208 – 311 4th Avenue North, Saskatoon, SK S7K 2L8 Page 7 of 10
Drillhole ID From To Length Cg % S %
KLS-25-061 149.65 177.00 27.35 9.69 1.67
Including
150.50 151.00 0.50 10.00
159.00 165.00 6.00 12.12
166.00 174.00 8.00 13.01
KLS-25-062 189.50 190.50 1.00 10.20 1.22
199.00 207.00 8.00 5.50 1.03
210.00 222.00 12.00 9.05 1.83
Including
211.00 216.00 5.00 13.18
KLS-25-063 83.00 111.00 28.00 7.72 1.07
Including
83.00 85.00 2.00 12.36
94.00 99.00 5.00 15.35
109.00 110.00 1.00 12.17
114.00 130.00 16.00 9.17 1.37
Including
116.00 117.00 1.00 11.19
118.00 119.00 1.00 12.05
122.00 125.00 3.00 12.12
126.00 129.00 3.00 12.04
KLS-25-064 143.00 149.00 6.00 3.06 0.48
210.00 211.00 1.00 6.80 1.17
227.00 234.00 7.00 10.31 1.59
Including
227.00 232.00 5.00 12.13
237.00 239.00 2.00 12.48 1.40
KLS-25-065 334.00 335.00 1.00 5.91 1.39
KLS-25-066 107.00 133.00 26.00 8.53 0.91
Including
111.00 112.00 1.00 12.04
113.00 120.00 7.00 12.33
122.00 124.00 2.00 12.06
132.00 133.00 1.00 10.75
KLS-25-067 207.50 215.00 7.50 3.45 1.14
NEWS RELEASE
Abasca Resources Releases Results from the Winter 2025 Drill Program at its Loki Flake Graphite
Deposit
Abasca Resources Inc. – News Release 2025-10 November 12, 2025
#208 – 311 4th Avenue North, Saskatoon, SK S7K 2L8 Page 8 of 10
Drillhole ID From To Length Cg % S %
230.00 234.60 4.60 8.58 1.55
Including
231.00 232.00 1.00 11.00
233.00 234.00 1.00 10.90
KLS-25-068 307.00 308.00 1.00 3.02 < 0.01
317.40 320.00 2.60 4.10 1.35
345.00 348.70 3.70 8.16 1.45
Including
346.00 347.00 1.00 10.60
KLS-25-069 No significant intersections
KLS-25-070 149.00 157.50 8.50 9.71 1.47
Including
149.00 150.00 1.00 12.10
152.00 154.00 2.00 11.25
KLS-25-071 No significant intersections
KLS-25-073 No significant intersections
KLS-25-074 59.00 66.00 7.00 5.57 0.19
Including
61.00 62.00 1.00 12.05
69.00 71.00 2.00 4.73 0.08
77.00 83.00 6.00 7.92 0.18
78.00 80.00 2.00 12.50
KLS-25-075 121.00 151.00 30.00 7.04 0.92
Including
124.00 125.50 1.50 12.03
131.00 132.00 1.00 12.40
140.00 147.00 7.00 12.64
____________________________
1 Please refer to the technical report dated May 29, 2025, with an effective date of April 10, 2025 and titled “Technical Report on the
Key Lake South Project with Initial Mineral Resource Estimate for the Loki Flake Graphite Deposit, Saskatchewan, Canada” filed
under the Company’s profile on the SEDAR+ website for further information about the resource estimate.