Abasca’s expanded Loki graphite resource: project and pit design notes for engineers
Reviewed by Tom Sullivan

First reported on MINING.com
30 Second Briefing
Abasca Resources has nearly doubled and upgraded the Loki flake graphite resource in northern Saskatchewan to 6.99 million indicated tonnes at 8.27% graphitic carbon (580,000 tonnes contained) plus 15.83 million inferred tonnes at 6.93% (1.1 million tonnes), ahead of a PEA for an open-pit operation near Highway 914, 15 km south of Cameco’s Key Lake mill. An aggressive schedule targets a prefeasibility study in late 2026, while parallel drilling at the nearby Thor zone returned broad intervals including 101.8 m at 4.31% Cg from 66.7 m, signalling additional along-strike potential.
Technical Brief
- Thor lies parallel to Loki and is interpreted as a second mineralised trend with up-dip and along-strike continuity.
- Environmental baseline and technical studies are being advanced in parallel with economic work, compressing the typical pre-development timeline.
Prepared by collating external sources, AI-assisted tools, and Geomechanics.io’s proprietary mining database, then reviewed for technical accuracy & edited by our geotechnical team.
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