Latest news with #KLS
Yahoo
14-05-2025
- Business
- Yahoo
Attorneys meeting with former Aspen Place residents
GARDNER, Kan. — Attorneys will meet with former tenants Tuesday night of a now condemned apartment complex in Gardner, Kansas. Last week, the City of Gardner condemned Aspen Place Apartments, saying they were unfit for living. The 180 families in the complex had 48 hours to vacate, and take all of their belongings. Community steps up to help after Gardner apartment condemned A Tuesday night meeting at the Hampton Inn Conference Center in Gardner is (KLS), a nonprofit law firm based in Topeka that currently represents 45 people at the apartments. 'In the space of landlord-tenant, there is not a level playing field,' Matthew Keenan, KLS's executive director, said. Keenan and his team of attorneys frequently represents low-income client in civil cases at no cost. KLS's Tuesday night meeting is meant to help tenants learn their rights, and to help many of them recover security deposits and last month's rent paid to Aspen Place. Keenan said, under these circumstances, Aspen Place is legally required to give those refunds. 'I've been in direct negotiations with the attorney for the landlord in an effort to make certain the tenants are treated fairly, and to make sure there isn't a waiver of rights or a release that they need to sign in order to get their rents or deposits back,' Keenan told FOX4. Some former Aspen Place residents are , where Lt. Nate Woodard can house 250 people per night. Woodard said he hasn't reached capacity yet, but he's concerned that's possible, since some hotel and short-term housing vouchers will expire soon. 'What I know is, the amount of affordable housing in Johnson County is few and far between. What I know is that some people are scraping their last pennies together. Their last dimes together,' Woodard said. Keenan added some displaced renters are being asked to pay large application fees as they search for new homes. Download the FOX4 News app on iPhone and Android A spokesperson for the City of Gardner said the city wants to help ensure these displaced residents' needs are met as they search for their next homes. Keenan clarifies — Aspen Place was not a Section Eight housing complex, but if it had been, he believes there would have been more oversight to prevent the bad conditions reported. He said someone should answer for this. He's trying to determine who. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
The Hindu
07-05-2025
- Business
- The Hindu
Workshop on intellectual property rights law in Belagavi
A workshop on Intellectual Property Rights law was organised at KLS institute of Management Education and Research in Belagavi on Tuesday. Resource persons spoke on 'Empowering Innovations: One Day Workshop on Intellectual Property Right (IPR)'. IP Attorney, Advocates and Solicitors, Bengaluru, Vivek Ananad Sagar was the chief guest. He emphasised on the relevance of IPR procedures and their significance. HOD, Jain Institute of Technology, Santosh M. Nejakar explained various issues like filing procedures for patents and trademarks. Faculty member at RL Law College Belagavi Satish Anikhindi conducted a session on Trade Marks and geographical recognitions for products and services. Chairman, College Governing Council, R.S. Mutalik presided over the function. He stressed on the vital role of innovations and providing their commercial value. Director KLS IMER Arif Shaikh welcomed the gathering. Praveen Kulkarni and Ameet V. Kulkarni coordinated the event. Faculty members, staff and students participated.
Yahoo
31-03-2025
- Business
- Yahoo
When Should You Buy Kelsian Group Limited (ASX:KLS)?
While Kelsian Group Limited (ASX:KLS) might not have the largest market cap around , it saw significant share price movement during recent months on the ASX, rising to highs of AU$3.82 and falling to the lows of AU$2.68. Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price. A question to answer is whether Kelsian Group's current trading price of AU$2.70 reflective of the actual value of the small-cap? Or is it currently undervalued, providing us with the opportunity to buy? Let's take a look at Kelsian Group's outlook and value based on the most recent financial data to see if there are any catalysts for a price change. The stock is currently trading at AU$2.70 on the share market, which means it is overvalued by 23% compared to our intrinsic value of A$2.20. This means that the opportunity to buy Kelsian Group at a good price has disappeared! If you like the stock, you may want to keep an eye out for a potential price decline in the future. Since Kelsian Group's share price is quite volatile, this could mean it can sink lower (or rise even further) in the future, giving us another chance to invest. This is based on its high beta, which is a good indicator for how much the stock moves relative to the rest of the market. View our latest analysis for Kelsian Group Investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares. Buying a great company with a robust outlook at a cheap price is always a good investment, so let's also take a look at the company's future expectations. With profit expected to grow by 52% over the next couple of years, the future seems bright for Kelsian Group. It looks like higher cash flow is on the cards for the stock, which should feed into a higher share valuation. Are you a shareholder? KLS's optimistic future growth appears to have been factored into the current share price, with shares trading above its fair value. At this current price, shareholders may be asking a different question – should I sell? If you believe KLS should trade below its current price, selling high and buying it back up again when its price falls towards its real value can be profitable. But before you make this decision, take a look at whether its fundamentals have changed. Are you a potential investor? If you've been keeping an eye on KLS for a while, now may not be the best time to enter into the stock. The price has surpassed its true value, which means there's no upside from mispricing. However, the optimistic prospect is encouraging for KLS, which means it's worth diving deeper into other factors in order to take advantage of the next price drop. So if you'd like to dive deeper into this stock, it's crucial to consider any risks it's facing. For example - Kelsian Group has 2 warning signs we think you should be aware of. If you are no longer interested in Kelsian Group, you can use our free platform to see our list of over 50 other stocks with a high growth potential. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Globe and Mail
03-03-2025
- Business
- Globe and Mail
Abasca Resources Releases Graphite Intersection Assays at its Loki Flake Graphite Zone Including 60 m at 9.09 % Cg.
SASKATOON, SK / ACCESS Newswire / March 3, 2025 / Abasca Resources Inc. ("Abasca" or the "Company") (TSX V:ABA) is pleased to release assay results of the remaining fourteen drillholes at its Loki Flake Graphite Zone (Loki Zone) from its 2024 summer exploration program at its 100%-owned Key Lake South (KLS) Project (Figure 1; For the assay results of the first six drillholes, see the Company's news release dated November 27, 2024). The twenty drillholes totaling 5,499 m were designed at a 100 m x 100 m grid spacing to delineate a 600 m section of the Loki Zone. The Loki Zone remains open along strike and at depth. The 2025 winter drill program is underway to continue the delineation of this emerging 2 km graphite zone (Figure 2). 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 "The assay data, consistent with on-site drill core logs, confirm our geological interpretation of the Loki Zone. Abasca has provided these data to Understood Mineral Resources Ltd. (UMR), the independent mineral resource consulting firm engaged to complete an initial flake graphite resource estimate for the Loki Zone. Abasca is encouraged by the progress of the KLS project and remains dedicated to creating shareholder value and supporting Saskatchewan's strategy to double the production of critical minerals in the province," stated Dawn Zhou, President and CEO. Loki Flake Graphite Zone - 2024 Summer Assays The 2024 summer drill program included 20 holes, totaling 5,499 m, that were drilled at the Loki Zone as part of an initial delineation program. All drillholes intersected graphite mineralization which was encountered at the overburden-basement contact and dips toward the southwest (Figures 3 - 7). The graphite mineralization is hosted in metapelitic rocks of the Wollaston Domain along a northwest-trending fault zone. Pegmatite and local calc-silicate rocks are observed in the hanging wall interlayered with the metapelitic gneiss and also contain local graphite mineralization. Brian McEwan, Vice-President of Exploration commented "We continue to be excited about this new emerging graphite zone. The results are consistent with our observations, and we are looking forward to extending the zone by further delineation of the Loki Flake Graphite Zone this year." Results from the remaining 2024 exploration and resampling program are pending, as well as metallurgical testing of samples from KLS-24-052. 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 Zone and an overview of the Key Lake South Project, please visit the Company's website at Figure 1: Map of the Key Lake South Project area showing the location of the Loki Flake Graphite Zone and other exploration target areas. Figure 2: Map of the area around the Loki Flake Graphite Zone area showing the 2016 and 2024 drilling and 2025 winter drilling areas. Drillholes KLS-24-042 and KLS-046 intersected a new prospective graphite zone northeast of the Loki Flake Graphite Zone. Yellow outline: Cross-sections A through E, included in this release. Figure 3: Cross-Section "A" through the Loki Flake Graphite Zone showing the continuity and extent of the graphite mineralization. Lithologies are shown along the center of the drillhole trace and graphite assay results (Cg %) are shown overtop in the larger diameter traces. Refer to Figure 2 for location reference. *Assays pending and not included in this release. Assays shown from KLS-24-026, KLS-24-027, and KLS-24-028 were previously released on November 27, 2024. Figure 4: Cross-Section "B" through the Loki Flake Graphite Zone showing the continuity and extent of the graphite mineralization. Lithologies are shown along the center of the drillhole trace and graphite assay results (Cg %) are shown overtop in the larger diameter traces. Refer to Figure 2 for location reference. Figure 5: Cross-Section "C" through the Loki Flake Graphite Zone showing the continuity and extent of the graphite mineralization. Lithologies are shown along the center of the drillhole trace and graphite assay results (Cg %) are shown overtop in the larger diameter traces. Refer to Figure 2 for location reference. Figure 6: Cross-Section "D" through the Loki Flake Graphite Zone showing the continuity and extent of the graphite mineralization. Lithologies are shown along the center of the drillhole trace and graphite assay results (Cg %) are shown overtop in the larger diameter traces. Refer to Figure 2 for location reference. Figure 7: Cross-Section "E" through the Loki Flake Graphite Zone showing the continuity and extent of the graphite mineralization. Lithologies are shown along the center of the drillhole trace and graphite assay results (Cg %) are shown overtop in the larger diameter traces. *No assays available. Refer to Figure 2 for location reference. Table 1: Locations and orientations of drillholes included in this release. Drillhole ID Easting Northing Elevation Azimuth Inclination Total Length KLS-24-032 445266 6330455 553 35 -60 210 KLS-24-033 445211 6330371 552 35 -60 300 KLS-24-035 445152 6330290 552 35 -60 381 KLS-24-037 445570 6330360 558 35 -60 204 KLS-24-039 445513 6330281 554 35 -60 270 KLS-24-041 445460 6330201 557 35 -60 312 KLS-24-043 445649 6330307 555 35 -60 171 KLS-24-044 445593 6330224 557 35 -60 276 KLS-24-045 445538 6330142 558 35 -60 339 KLS-24-047 445478 6330061 562 35 -60 398 KLS-24-049 445729 6330245 555 35 -60 168 KLS-24-050 445673 6330164 557 35 -60 240 KLS-24-051 445619 6330083 557 35 -60 312 KLS-24-052 445434 6330338 554 35 -60 222 Table 2: Drillholes and their composited graphite intersections through the Loki Flake Graphite Zone. 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-24-032 111.50 149.20 37.70 7.27 0.91 112.00 118.00 6.00 14.48 Including 126.00 127.00 1.00 12.35 130.50 131.00 0.50 12.40 131.50 133.00 1.50 11.07 143.50 144.50 1.00 10.65 145.00 145.50 0.50 11.60 KLS-24-033 169.20 171.70 2.50 2.38 0.55 195.50 213.50 18.00 7.06 1.27 Including 203.50 204.00 0.50 11.30 206.00 207.00 1.00 10.80 208.00 210.50 2.50 12.42 216.00 235.50 19.50 7.65 1.10 Including 216.00 218.00 2.00 12.35 220.00 220.50 0.50 10.30 225.00 225.50 0.50 11.60 226.00 226.50 0.50 11.00 227.00 228.50 1.50 12.50 KLS-24-035 245.00 256.00 11.00 2.78 0.76 287.65 290.00 2.35 8.15 2.62 322.50 323.00 0.50 12.00 1.02 326.00 340.00 14.00 5.09 0.76 KLS-24-037 83.50 121.50 38.00 8.48 1.07 Including 84.00 91.50 7.50 14.55 103.50 106.50 3.00 17.07 108.00 108.50 0.50 11.30 118.50 119.00 0.50 10.50 KLS-24-039 162.50 199.50 37.00 7.60 1.26 Including 163.00 164.00 1.00 13.65 165.00 166.00 1.00 11.15 166.50 169.00 2.50 12.60 171.00 172.50 1.50 12.90 173.00 174.50 1.50 13.63 179.00 180.00 1.00 13.95 195.00 196.50 1.50 12.33 KLS-24-041 207.00 210.00 3.00 4.25 1.66 255.50 284.00 28.50 7.54 1.43 Including 255.50 256.50 1.00 12.55 257.00 261.00 4.00 15.60 262.00 263.50 1.50 15.07 274.50 275.00 0.50 11.00 279.00 279.50 0.50 11.40 KLS-24-043 60.00 120.00 60.00 9.09 1.27 Including 64.00 71.50 7.50 12.91 72.00 73.00 1.00 13.20 74.00 75.00 1.00 14.00 75.50 76.50 1.00 12.35 79.00 80.50 1.50 12.40 81.50 82.50 1.00 12.40 84.50 85.00 0.50 13.10 85.50 86.50 1.00 14.40 87.50 89.00 1.50 10.83 90.00 90.50 0.50 13.00 91.00 93.50 2.50 11.34 94.00 97.50 3.50 13.06 98.50 100.00 1.50 12.93 100.50 101.50 1.00 21.05 108.00 109.00 1.00 14.60 129.00 130.00 1.00 4.54 0.02 KLS-24-044 141.50 142.00 0.50 3.57 0.61 163.00 206.50 43.50 8.65 1.47 Including 163.00 164.00 1.00 12.65 164.50 170.00 5.50 12.73 170.50 173.50 3.00 13.10 174.00 179.50 5.50 14.38 182.00 182.50 0.50 11.60 184.00 185.00 1.00 14.20 191.00 192.00 1.00 12.80 KLS-24-045 234.50 283.50 49.00 8.81 1.62 Including 234.50 235.50 1.00 13.30 236.50 237.00 0.50 10.10 237.50 239.00 1.50 14.57 241.00 241.50 0.50 12.40 243.00 247.50 4.50 14.37 249.50 250.00 0.50 13.90 251.00 252.50 1.50 17.27 254.50 255.00 0.50 11.80 256.00 257.00 1.00 10.30 261.50 264.50 3.00 16.03 265.50 266.00 0.50 11.30 266.50 267.00 0.50 16.10 270.00 271.50 1.50 11.80 286.50 287.00 0.50 7.69 0.04 KLS-24-047 330.50 367.00 36.50 5.94 1.06 Including 331.00 334.00 3.00 13.67 336.00 336.50 0.50 10.20 353.50 355.50 2.00 12.80 KLS-24-049 82.00 126.00 44.00 9.34 1.41 Including 82.50 84.50 2.00 13.35 85.00 85.50 0.50 10.80 86.50 87.00 0.50 10.20 89.00 90.00 1.00 11.65 91.00 93.00 2.00 11.75 93.50 97.50 4.00 13.76 98.00 107.00 9.00 13.57 108.00 109.50 1.50 14.20 110.00 111.00 1.00 13.50 125.00 125.50 0.50 10.50 KLS-24-050 146.00 179.50 33.50 10.10 1.73 Including 146.50 147.00 0.50 11.60 154.00 159.50 5.50 14.62 160.00 162.50 2.50 12.42 163.00 164.00 1.00 11.80 164.50 168.00 3.50 12.83 168.50 174.50 6.00 12.78 193.00 195.00 2.00 5.42 0.01 KLS-24-051 220.00 242.00 22.00 8.28 1.53 Including 224.00 226.00 2.00 13.60 226.50 228.00 1.50 11.78 228.50 230.00 1.50 13.93 231.00 233.00 2.00 12.20 233.50 234.00 0.50 10.50 236.00 236.50 0.50 10.40 237.00 237.50 0.50 10.50 KLS-24-052 114.50 115.50 1.00 3.38 0.85 146.00 178.00 32.00 7.31 1.89 Including 149.00 149.50 0.50 10.60 150.00 153.00 3.00 14.20 153.50 154.00 0.50 11.88 154.50 155.00 0.50 13.47 156.00 157.00 1.00 12.90 158.50 159.00 0.50 10.38 161.50 162.00 0.50 10.50 171.50 173.50 2.00 11.38 177.50 178.00 0.50 11.57 Qualified Person The technical information in this news release has been reviewed and approved by Brian McEwan, 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 hosts the Loki Flake Graphite Zone. On behalf of Abasca Resources Inc. Dawn Zhou, CPA, CGA President, CEO and Director For more information visit the Company's website at or contact: Abasca Resources Inc. Email: info@ Telephone: +1 (306) 933 4261 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 statements 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 a follow up exploration program at the Loki Flake Graphite Zone and the prospect of extending the 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, including 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 contractors 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 intention 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. View the original press release on ACCESS Newswire
Associated Press
03-03-2025
- Business
- Associated Press
Abasca Resources Releases Graphite Intersection Assays at its Loki Flake Graphite Zone Including 60 m at 9.09 % Cg.
SASKATOON, SK / ACCESS Newswire / March 3, 2025 / Abasca Resources Inc. ('Abasca' or the 'Company') (TSX V:ABA) is pleased to release assay results of the remaining fourteen drillholes at its Loki Flake Graphite Zone (Loki Zone) from its 2024 summer exploration program at its 100%-owned Key Lake South (KLS) Project (Figure 1; For the assay results of the first six drillholes, see the Company's news release dated November 27, 2024). The twenty drillholes totaling 5,499 m were designed at a 100 m x 100 m grid spacing to delineate a 600 m section of the Loki Zone. The Loki Zone remains open along strike and at depth. The 2025 winter drill program is underway to continue the delineation of this emerging 2 km graphite zone (Figure 2). 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 'The assay data, consistent with on-site drill core logs, confirm our geological interpretation of the Loki Zone. Abasca has provided these data to Understood Mineral Resources Ltd. (UMR), the independent mineral resource consulting firm engaged to complete an initial flake graphite resource estimate for the Loki Zone. Abasca is encouraged by the progress of the KLS project and remains dedicated to creating shareholder value and supporting Saskatchewan's strategy to double the production of critical minerals in the province,' stated Dawn Zhou, President and CEO. Loki Flake Graphite Zone - 2024 Summer Assays The 2024 summer drill program included 20 holes, totaling 5,499 m, that were drilled at the Loki Zone as part of an initial delineation program. All drillholes intersected graphite mineralization which was encountered at the overburden-basement contact and dips toward the southwest (Figures 3 - 7). The graphite mineralization is hosted in metapelitic rocks of the Wollaston Domain along a northwest-trending fault zone. Pegmatite and local calc-silicate rocks are observed in the hanging wall interlayered with the metapelitic gneiss and also contain local graphite mineralization. Brian McEwan, Vice-President of Exploration commented 'We continue to be excited about this new emerging graphite zone. The results are consistent with our observations, and we are looking forward to extending the zone by further delineation of the Loki Flake Graphite Zone this year.' Results from the remaining 2024 exploration and resampling program are pending, as well as metallurgical testing of samples from KLS-24-052. 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 Zone and an overview of the Key Lake South Project, please visit the Company's website at Figure 1: Map of the Key Lake South Project area showing the location of the Loki Flake Graphite Zone and other exploration target areas. Figure 2: Map of the area around the Loki Flake Graphite Zone area showing the 2016 and 2024 drilling and 2025 winter drilling areas. Drillholes KLS-24-042 and KLS-046 intersected a new prospective graphite zone northeast of the Loki Flake Graphite Zone. Yellow outline: Cross-sections A through E, included in this release. Figure 3: Cross-Section 'A' through the Loki Flake Graphite Zone showing the continuity and extent of the graphite mineralization. Lithologies are shown along the center of the drillhole trace and graphite assay results (Cg %) are shown overtop in the larger diameter traces. Refer to Figure 2 for location reference. *Assays pending and not included in this release. Assays shown from KLS-24-026, KLS-24-027, and KLS-24-028 were previously released on November 27, 2024. Figure 4: Cross-Section 'B' through the Loki Flake Graphite Zone showing the continuity and extent of the graphite mineralization. Lithologies are shown along the center of the drillhole trace and graphite assay results (Cg %) are shown overtop in the larger diameter traces. Refer to Figure 2 for location reference. Figure 5: Cross-Section 'C' through the Loki Flake Graphite Zone showing the continuity and extent of the graphite mineralization. Lithologies are shown along the center of the drillhole trace and graphite assay results (Cg %) are shown overtop in the larger diameter traces. Refer to Figure 2 for location reference. Figure 6: Cross-Section 'D' through the Loki Flake Graphite Zone showing the continuity and extent of the graphite mineralization. Lithologies are shown along the center of the drillhole trace and graphite assay results (Cg %) are shown overtop in the larger diameter traces. Refer to Figure 2 for location reference. Figure 7: Cross-Section 'E' through the Loki Flake Graphite Zone showing the continuity and extent of the graphite mineralization. Lithologies are shown along the center of the drillhole trace and graphite assay results (Cg %) are shown overtop in the larger diameter traces. *No assays available. Refer to Figure 2 for location reference. Table 1: Locations and orientations of drillholes included in this release. Table 2: Drillholes and their composited graphite intersections through the Loki Flake Graphite Zone. 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-24-032 111.50 149.20 37.70 7.27 0.91 112.00 118.00 6.00 14.48 Including 126.00 127.00 1.00 12.35 130.50 131.00 0.50 12.40 131.50 133.00 1.50 11.07 143.50 144.50 1.00 10.65 145.00 145.50 0.50 11.60 KLS-24-033 169.20 171.70 2.50 2.38 0.55 195.50 213.50 18.00 7.06 1.27 Including 203.50 204.00 0.50 11.30 206.00 207.00 1.00 10.80 208.00 210.50 2.50 12.42 216.00 235.50 19.50 7.65 1.10 Including 216.00 218.00 2.00 12.35 220.00 220.50 0.50 10.30 225.00 225.50 0.50 11.60 226.00 226.50 0.50 11.00 227.00 228.50 1.50 12.50 KLS-24-035 245.00 256.00 11.00 2.78 0.76 287.65 290.00 2.35 8.15 2.62 322.50 323.00 0.50 12.00 1.02 326.00 340.00 14.00 5.09 0.76 KLS-24-037 83.50 121.50 38.00 8.48 1.07 Including 84.00 91.50 7.50 14.55 103.50 106.50 3.00 17.07 108.00 108.50 0.50 11.30 118.50 119.00 0.50 10.50 KLS-24-039 162.50 199.50 37.00 7.60 1.26 Including 163.00 164.00 1.00 13.65 165.00 166.00 1.00 11.15 166.50 169.00 2.50 12.60 171.00 172.50 1.50 12.90 173.00 174.50 1.50 13.63 179.00 180.00 1.00 13.95 195.00 196.50 1.50 12.33 KLS-24-041 207.00 210.00 3.00 4.25 1.66 255.50 284.00 28.50 7.54 1.43 Including 255.50 256.50 1.00 12.55 257.00 261.00 4.00 15.60 262.00 263.50 1.50 15.07 274.50 275.00 0.50 11.00 279.00 279.50 0.50 11.40 KLS-24-043 60.00 120.00 60.00 9.09 1.27 Including 64.00 71.50 7.50 12.91 72.00 73.00 1.00 13.20 74.00 75.00 1.00 14.00 75.50 76.50 1.00 12.35 79.00 80.50 1.50 12.40 81.50 82.50 1.00 12.40 84.50 85.00 0.50 13.10 85.50 86.50 1.00 14.40 87.50 89.00 1.50 10.83 90.00 90.50 0.50 13.00 91.00 93.50 2.50 11.34 94.00 97.50 3.50 13.06 98.50 100.00 1.50 12.93 100.50 101.50 1.00 21.05 108.00 109.00 1.00 14.60 129.00 130.00 1.00 4.54 0.02 KLS-24-044 141.50 142.00 0.50 3.57 0.61 163.00 206.50 43.50 8.65 1.47 Including 163.00 164.00 1.00 12.65 164.50 170.00 5.50 12.73 170.50 173.50 3.00 13.10 174.00 179.50 5.50 14.38 182.00 182.50 0.50 11.60 184.00 185.00 1.00 14.20 191.00 192.00 1.00 12.80 KLS-24-045 234.50 283.50 49.00 8.81 1.62 Including 234.50 235.50 1.00 13.30 236.50 237.00 0.50 10.10 237.50 239.00 1.50 14.57 241.00 241.50 0.50 12.40 243.00 247.50 4.50 14.37 249.50 250.00 0.50 13.90 251.00 252.50 1.50 17.27 254.50 255.00 0.50 11.80 256.00 257.00 1.00 10.30 261.50 264.50 3.00 16.03 265.50 266.00 0.50 11.30 266.50 267.00 0.50 16.10 270.00 271.50 1.50 11.80 286.50 287.00 0.50 7.69 0.04 KLS-24-047 330.50 367.00 36.50 5.94 1.06 Including 331.00 334.00 3.00 13.67 336.00 336.50 0.50 10.20 353.50 355.50 2.00 12.80 KLS-24-049 82.00 126.00 44.00 9.34 1.41 Including 82.50 84.50 2.00 13.35 85.00 85.50 0.50 10.80 86.50 87.00 0.50 10.20 89.00 90.00 1.00 11.65 91.00 93.00 2.00 11.75 93.50 97.50 4.00 13.76 98.00 107.00 9.00 13.57 108.00 109.50 1.50 14.20 110.00 111.00 1.00 13.50 125.00 125.50 0.50 10.50 KLS-24-050 146.00 179.50 33.50 10.10 1.73 Including 146.50 147.00 0.50 11.60 154.00 159.50 5.50 14.62 160.00 162.50 2.50 12.42 163.00 164.00 1.00 11.80 164.50 168.00 3.50 12.83 168.50 174.50 6.00 12.78 193.00 195.00 2.00 5.42 0.01 KLS-24-051 220.00 242.00 22.00 8.28 1.53 Including 224.00 226.00 2.00 13.60 226.50 228.00 1.50 11.78 228.50 230.00 1.50 13.93 231.00 233.00 2.00 12.20 233.50 234.00 0.50 10.50 236.00 236.50 0.50 10.40 237.00 237.50 0.50 10.50 KLS-24-052 114.50 115.50 1.00 3.38 0.85 146.00 178.00 32.00 7.31 1.89 Including 149.00 149.50 0.50 10.60 150.00 153.00 3.00 14.20 153.50 154.00 0.50 11.88 154.50 155.00 0.50 13.47 156.00 157.00 1.00 12.90 158.50 159.00 0.50 10.38 161.50 162.00 0.50 10.50 171.50 173.50 2.00 11.38 177.50 178.00 0.50 11.57 Qualified Person The technical information in this news release has been reviewed and approved by Brian McEwan, 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 hosts the Loki Flake Graphite Zone. On behalf of Abasca Resources Inc. Dawn Zhou, CPA, CGA President, CEO and Director For more information visit the Company's website at or contact: Abasca Resources Inc. Telephone: +1 (306) 933 4261 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 statements 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 a follow up exploration program at the Loki Flake Graphite Zone and the prospect of extending the 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, including 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 contractors 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 intention 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.
