Aben Resources Announces Initial Field Work Commencement at the Slocan Graphite Project, Southeastern British Columbia
Suite 1610 – 777 Dunsmuir Street, Vancouver, BC, V7Y 1K4, CANADA
www.abenresources.com
TSX-V Trading Symbol: ABN
Email: [email protected]
Telephone: (604) 687-3376
Facsimile: (604) 687-3119
NEWS RELEASE
July 7th, 2022
Aben Resources Announces Initial Field Work Commencement at the Slocan Graphite
Project, Southeastern British Columbia
Vancouver, BC -- Aben Resources Ltd. (TSX-V: ABN) (OTCQB: ABNAF) (Frankfurt: E2L2)
(“Aben” or “the Company”) is pleased to announce initial field work has begun on the 2,826
hectare Slocan Graphite Project located 34km northwest of Castlegar, British Columbia.
Field reconnaissance, mapping, rock sampling, and evaluation of prospective drill sites for a
potential fall drill program are the focus of this phase of exploration. Aben has sourced a drill
contractor and the requisite personnel to facilitate drill -testing of the Slocan Graphite Property
pending successful receipt of their Multi Year Area Based exploration permit currently under
review by the provincial government. The Project benefits from excellent infrastructure including
forestry road access to the property, high-voltage transmission line within 1.2 km of the property
boundaries and an existing graphite processing plant and facilities within 1.5 km west of the
property (owned by Eagle Graphite Corporation, one of only two natural flake graphite production
facilities in North America).
Aben holds the exclusive right to earn a 100% interest, less 2% Net Production Royalty (“NPR”)
in the road-accessible Slocan Graphite Project located 34km northwest of Castlegar,
British Columbia. The 2, 826 hectare Slocan Graphite Property hosts several flake graphite -
bearing outcrops (high values of 3.36 and 4.43 % organic Carbon) at the Tedesco Zone, which is
coincident with a strong conductive anomaly identified in 2010 that is interpreted to extend up to
2.0km from the known surficial occurrences.
https://abenresources.com/projects/slocan/
The Company has just added to the Slocan Graphite land package by staking a new 439.4 hectare
claim along the northeastern boundary of the property . This action was taken after initial
evaluation of the Property by Aben geologists revealed excellent potential for an extension of the
mineralized trend in that direction. Aben will cont inue to systematically explore the Slocan
Graphite Property with the aim to unlock the full mineralized potential contained within the current
tenure.
About Graphite:
Natural flake graphite is the fastest-growing product type and will continue to lead with a healthy
growth rate of 9.5% in terms of value between 2021 and 2025.
In value and volume, batteries to exhibit the fastest-growth of 17.9% between 2021 and 2025. An
average HEV contains up to 10 kgs of graphite, where in EVs it is up to 70 kgs.
Currently, synthetic graphite is the preferred material for battery anode materials. However, in the
past few years, a significant shift towards natural flake graphite has been observed due to its cost-
competitiveness and performance.
Graphite is the most preferred battery anode material for rechargeable batteries and the battery
segment is anticipated to create an incremental opportunity worth US$4.6 Bn between 2020 and
2025.
In 2019, Asia Pacific was the largest consumer of graphite and is expected to grow 9.1% in terms
of value between 2021 and 2025.
China graphite production is anticipated to consolidate owing to environmental issues. New
companies are entering into the graphite space, especially in the processing of natural flake
graphite. Graphite is considered as a material of green energy and technology.
https://abenresources.com/projects/slocan/about-graphite/
About Aben Resources:
Aben Resources is a diversified Canadian gold and graphite exploration company with exploration
projects in British Columbia, Ontario, and the Yukon Territory.
For further information on Aben Resources Ltd. (TSX-V: ABN), visit our Company’s website at
www.abenresources.com.
ABEN RESOURCES LTD.
“Jim Pettit”
______________________
JAMES G. PETTIT
President & CEO
For further information contact:
Aben Resources Ltd.
Riley Trimble, Corporate Communications
Telephone: 604-416-2978
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: [email protected]
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
This release includes certain statements that may be deemed to be "forward -looking statements". All
statements in this release, other than statements of historical facts, that address events or developments
that management of the Company expects, are forward -looking statements. Although management
believes the expectations expressed in such forward -looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance, and actual results or
developments may differ materially from those in the forward -looking statements. The Company
undertakes no obligation to update these forward -looking statements if management's beliefs, estimates
or opinions, or other factors, should change. Factors that could ca use actual results to differ materially
from those in forward-looking statements, include market prices, exploration and development successes,
continued availability of capital and financing, and general economic, market or business conditions.
Please see the public filings of the Company at www.sedar.com for further information.