Abasca Resources Releases Assays Confirming Multiple Intersections from its Thor Graphite Zone and Announces Resumption of In-fill Drilling at its Loki Flake Graphite Deposit
NEWS RELEASE
Abasca Resources Releases Assays Confirming Multiple Intersections from its Thor Graphite Zone and
Announces Resumption of In-fill Drilling at its Loki Flake Graphite Deposit
Abasca Resources Inc. – News Release 2025-07 August 25, 2025
#208 – 311 4th Avenue North, Saskatoon, SK S7K 2L8 Page 1 of 7
Abasca Resources Releases Assays Confirming Multiple
Intersections from its Thor Graphite Zone and Announces
Resumption of In-Fill Drilling at its Loki Flake Graphite Deposit
August 25, 2025 – Saskatoon, Saskatchewan: Abasca Resources Inc. (“Abasca” or the “Company”) (TSXV:
ABA) is pleased to release assay results from KLS-25-072, drilled into the Thor Graphite Zone during 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 drillhole successfully intersected three zones of graphite
mineralization while testing up-dip mineralization in KLS-24-046 drilled in the summer of 2024 (Figure 3).
Two of the three mineralization zones having high grades, the primary zone with a total length of 40 m and
average grade of 8.57 % Cg was intersected at 145 m and a second 32 m zone at 6.43 % Cg was intersected
at 347 m. The location and orientation of the drillhole is listed in Table 1 and its assay results are shown in
Table 2.
The Company also announces that it has started its summer in-fill drill program at the Loki Flake Graphite
Deposit. The approximately 5,000 m program will focus on the main section of the deposit, drilled in the
summer of 2024, at a spacing that can support an indicated resource estimate.
Brian McEwan, Vice -President of Exploration commented: “The results from KLS-25-072 are very exciting!
The presence of three zones in one hole that was drilled into a relatively unexplored conductor gives us a lot
of hope for continued exploration at the Thor Zone. With continued work at the Loki Deposit, we are eager to
follow-up on these exciting results in future programs.”
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 Assays Confirming Multiple Intersections from its Thor Graphite Zone and
Announces Resumption of In-fill Drilling at its Loki Flake Graphite Deposit
Abasca Resources Inc. – News Release 2025-07 August 25, 2025
#208 – 311 4th Avenue North, Saskatoon, SK S7K 2L8 Page 2 of 7
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 Assays Confirming Multiple Intersections from its Thor Graphite Zone and
Announces Resumption of In-fill Drilling at its Loki Flake Graphite Deposit
Abasca Resources Inc. – News Release 2025-07 August 25, 2025
#208 – 311 4th Avenue North, Saskatoon, SK S7K 2L8 Page 3 of 7
Figure 2: Map of the area around the Loki Flake Graphite Deposit area showing the 2016, 2024, and 2025
drilling. Drillholes KLS-25-072 intersected the Thor Zone northeast of the Loki Flake Graphite Deposit.
NEWS RELEASE
Abasca Resources Releases Assays Confirming Multiple Intersections from its Thor Graphite Zone and
Announces Resumption of In-fill Drilling at its Loki Flake Graphite Deposit
Abasca Resources Inc. – News Release 2025-07 August 25, 2025
#208 – 311 4th Avenue North, Saskatoon, SK S7K 2L8 Page 4 of 7
Figure 3: Cross-section A, looking northwest, of the Thor Graphite Zone showing graphite mineralization in
KLS-25-072 (this release), approximately 350 m up-dip of KLS-24-046.
NEWS RELEASE
Abasca Resources Releases Assays Confirming Multiple Intersections from its Thor Graphite Zone and
Announces Resumption of In-fill Drilling at its Loki Flake Graphite Deposit
Abasca Resources Inc. – News Release 2025-07 August 25, 2025
#208 – 311 4th Avenue North, Saskatoon, SK S7K 2L8 Page 5 of 7
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 Total Length
KLS-25-072 446137 6331163 536 35 -60 429
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-25-072 145.00 153.00 8.00 7.36 1.32
156.00 188.00 32.00 9.78 1.59
Including
162.00 170.00 8.00 12.95 171.00 179.00 8.00 15.45
221.00 222.00 1.00 3.10 0.43
225.00 242.00 17.00 3.23 0.75
245.00 254.00 9.00 3.03 0.57
267.00 294.00 27.00 3.79 0.56
328.00 329.00 1.00 3.66 1.49
338.00 340.00 2.00 3.76 0.27
347.00 379.00 32.00 6.43 1.17
NEWS RELEASE
Abasca Resources Releases Assays Confirming Multiple Intersections from its Thor Graphite Zone and
Announces Resumption of In-fill Drilling at its Loki Flake Graphite Deposit
Abasca Resources Inc. – News Release 2025-07 August 25, 2025
#208 – 311 4th Avenue North, Saskatoon, SK S7K 2L8 Page 6 of 7
Qualified Person
The technical information in this news release has been reviewed and approved by Brian McEwan, P.Geo, a
Qualified Person as set out in National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Mr.
McEwan is the Vice-President of Exploration at Abasca.
About Abasca Resources Inc.
Abasca is a mineral exploration company that is primarily engaged in the acquisition and evaluation of
mineral exploration properties. The Company owns the Key Lake South Project (KLS), a 23,977 -hectare
exploration project located in the Athabasca Basin Region in northern Saskatchewan, approximately 15 km
south of the former Key Lake mine and current Key Lake mill. The project possesses geological similarities
and along strike of past Key Lake Mine with prospective conductors of over 50 km for potential ura nium
mineralization. KLS is also host to the Loki Flake Graphite Deposit comprising a total inferred resource of
11.31 Mt at 7.65 % Cg. Please refer to the technical report dated May 29, 2025 (with an effective date of April
10, 2025) titled: “Technical Report on the Key Lake South Project with Initial Mineral Resource Estimate for
the Loki Flake Graphite Deposit , Saskatchewan, Canada” for further information about the resource
estimate.
On behalf of Abasca Resources Inc.
Dawn Zhou, M.Sc, CPA
President, CEO and Director
For more information visit the Company’s website at https://www.abasca.ca or contact:
Abasca Resources Inc.
Email: [email protected]
Telephone: +1 (306) 933 4261
NEWS RELEASE
Abasca Resources Releases Assays Confirming Multiple Intersections from its Thor Graphite Zone and
Announces Resumption of In-fill Drilling at its Loki Flake Graphite Deposit
Abasca Resources Inc. – News Release 2025-07 August 25, 2025
#208 – 311 4th Avenue North, Saskatoon, SK S7K 2L8 Page 7 of 7
Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the
policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press
release.
Forward-Looking Statements
This press release may contain certain forward -looking information and statements (“forward -looking
information”) within the meaning of applicable Canadian securities legislation that are not based on
historical fact, including without limitation statement s containing the words "believes", "anticipates",
"plans", "intends", "will", "should", "expects", "continue", "estimate", "forecasts" and other similar
expressions. Forward -looking information reflects management’s current beliefs with respect to future
events and is based on information currently available to management. Forward -looking information
contained in this press release includes, but is not limited to, statements relating to the mineral resource
estimate for the Loki Deposit , and the Thor Zone . Readers are cautioned to not place undue reliance on
forward-looking information. Actual results and developments may differ materially from those
contemplated by these statements. Abasca undertakes no obligation to comment on analyses,
expectations, or statements made by third -parties in respect of Abasca, its securities, or financial or
operating results (as applicable). Although Abasca believes that the expectations reflected in forward -
looking information in this press release are reasonable, such forward-looking information has been based
on expectations, factors, and assumptions concerning future events which may prove to be inaccurate and
are subject to numerous risks, uncertainties and factors, certain of which are beyond Abasca’s control,
including the impact of general business and economic conditions; risks related the exploration activities to
be conducted on KLS, including risks related to government and environmental regulation; actual results of
exploration activities; industry conditions, incl uding uranium and graphite price fluctuations, interest and
exchange rate fluctuations; the influence of macroeconomic developments; business opportunities that
become available or are pursued; title, permit or license disputes related to KLS; litigation; fluctuations in
interest rates; and other factors. In addition, the forward -looking information is based on several
assumptions which may prove to be incorrect, including, but not limited to, assumptions about the
availability of qualified employees and co ntractors for the Company’s operations and the availability of
equipment. The forward-looking information contained in this press release are expressly qualified by this
cautionary statement and are made as of the date hereof. Abasca disclaims any intentio n and has no
obligation or responsibility, except as required by law, to update or revise any forward -looking information,
whether as a result of new information, future events or otherwise.