Abasca Resources Inc. announced that it initiated a summer drill program in June 2023 planned for approximately 5,000 metres at the KLS project, continuing initial follow-up on historic drilling at Hart, Campbell, and Twin target areas. The KLS uranium project is situated along the Mudjatik-Wollaston geologic domain boundary which hosts many of the top tier uranium deposits, such as McArthur River, Cigar Lake, and Eagle Point. It is located 15 km southwest along-strike of the past-producing Key Lake uranium deposits known as Key Lake uranium mine.

The Key Lake uranium mill continues being in operation and currently processes uranium ores from the McArthur River uranium mine. The KLS project contains over 40 km of highly prospective EM conductors within three major lithostructural corridors. Located at close to the current Athabasca Basin sandstone cover, the KLS project is an excellent candidate to hold a basement-hosted uranium deposit similar to Arrow and Eagle Point.