Aben Resources Provides a Year End Update on Corporate Actions and Planning for 2023
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
December 15, 2022
Aben Resources Provides a Year End Update on Corporate Actions and Planning for
2023
Vancouver, BC -- Aben Resources Ltd. (TSX-V: ABN) (OTCQB: ABNAF) (Frankfurt: E2L2)
(“Aben” or “the Company”) would like to provide a corporate update as the current calendar year
draws to a close. The management and directors of Aben have been busy finalizing a corporate
and fiscal plan in terms of resource allocation on their diversified mineral assets going forward.
Exploration at the Slocan graphite property in Southeastern Br itish Columbia will be the main
focus in 2023 as Aben has recently received a 5 -year Area-Based Exploration Permit from the
BC Ministry of Energy, Mines , and Low Carbon Innovation . The Canadian Federal government
has recently announced their Critical Minerals Strategy, which promises to address and lessen
the current challenges in developing mineral exploration projects in Canada . Natural Resources
Minister Jonathan Wilkinson stated that “[The government of Canada] recognizes that to meet our
ambitious climate and economic objectives to transition to a net -zero economy, additional
mechanisms must be in place to expedite and facilitate strategic critical mineral projects from
investment funding opportunities, through regulatory approvals and development, to production.”
Aben Resources is excited to follow-up on their first comprehensive field exploration of the Slocan
Property this past summer with additional field work and a plan to drill-test the previously undrilled
Tedesco Conductor , located in the central part of the 2,826 hectare road -accessible Slocan
property.
Aben has recently optioned their Hit Project in the Yukon Territory to Rackla Metals. Aben also
holds a basket of gold-focused projects in BC (Forrest Kerr), Yukon (Justin) and Ontario (Pringle
North).
Further, the Company announces a correction to its news release dated August 4, 2022 whereby
the Company announced the closing of a non-brokered private placement. The Company raised
$180,000 and not $211,500 as stated. The Company allotted and issued 5,142,857 Units (not
6,042,857, as stated) at a price of CAD $0.035 per Unit. Each Unit is comprised of one common
share and one transferable warrant (the “Warrants”). Each Warrant will entit le the holder to
purchase one additional common share for a period of two (2) years at a price of CAD $0.05 per
share.
Slocan Project Location
https://map.juniormininghub.com/?gid=3257&modal=project_summary
The Tedesco Conductor is a strong conductive anomaly identified by a 2010 airbo rne
electromagnetic geophysical survey which is coincident with widespread graphite-bearing surface
rock samples that range from trace to 4.43% graphitic flake Carbon.
Slocan Tedesco Conductor
https://abenresources.com/site/assets/files/4229/slocan_tedesco_conductor.jpg
About Slocan Graphite Project:
The Slocan Graphite Project benefits from excellent infrastructure including forestry road access
to and throughout the property, a high-voltage transmission line within 1. 0 km of the property
boundary and an existing graphite processing facility within 1.5 km of the property. The facility is
owned by Eagle Graphite Corporation , and is one of only two natural flake graphite production
facilities in North America.
Slocan Infrastructure
https://abenresources.com/site/assets/files/4229/slocan_infrastructure.jpg
Aben holds the exclusive right to earn a 100% interest, l ess 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 % graphitic 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.
Slocan Presentation
https://abenresources.com/site/assets/files/4229/slocan_graphite_2022.pdf
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’s 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/
Qualified Person:
Cornell McDowell, P.Geo. and Vice President of Exploration for Abe n Resources, has reviewed
and approved the technical aspects of this news release and is the Qualified Person (QP), as
defined by National Instrument 43-101.
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 futu re 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 cause 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 econom ic, market or business conditions.
Please see the public filings of the Company at www.sedar.com for further information.