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    ABN   CA00289T3064

ABEN RESOURCES LTD.

(ABN)
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Ellis Martin Report: Aben Resources (VAN:ABN) Executes Agreement on Slocan Graphite Project in Southern British Columbia

11/10/2021 | 12:16am EST

Malibu, CA, United States, Nov 10, 2021 - (ABN Newswire) - In this segment of The Ellis Martin Report we speak with James Pettit, the CEO of Aben Resources (VAN:ABN) (OTCMKTS:ABNAF) as the company announces the execution of an agreement to option the Slocan Graphite Project in Southern British Columbia from project generator Eagle Plains Resources (VAN:EPL). Aben Resources is now designating itself as a poly-metallic company with its entry into the battery metals space.

Aben Resources Ltd. has executed a formal option agreement (subject to regulatory approval) with Eagle Plains Resources Ltd. whereby 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. Under terms of the Agreement, Aben must complete $1,000,000 in exploration expenditures, issue 850,000 common shares and make $150,000 in cash payments to Eagle Plains over a three year period. In addition, if at any time Aben or its successors report a resource of greater than 10Mt for tenures comprising the property, EPL will receive a one-time "Success Fee" of 500,000 Aben shares.

The Slocan Graphite project consists of 2,387 ha owned 100% by Eagle Plains with no underlying royalties or encumbrances. The property hosts several large flake graphite-bearing outcrops and float occurrences known as the Tedesco Zone, which is interpreted to extend over 2.0km. Eagle Plains recently completed fieldwork on the property and is encouraged by preliminary field observations, with the program focused on prospecting and geological mapping in underexplored areas of the property in an effort to locate extensions of the known graphite mineralized horizon and to better understand controls on mineralization.

To listen to the Interview, please visit:
https://www.abnnewswire.net/press/en/107948/abn


<b>About Aben Resources Ltd:</b>

Aben Resources (CVE:ABN) (OTCMKTS:ABNAF) (FRA:E2L2) is a Canadian gold exploration company developing gold-focused projects in British Columbia and the Yukon Territory. Aben is a well-funded junior exploration company with over $1.5 million in the Company's treasury. For further information on Aben Resources Ltd. (CVE:ABN), visit our Company's web site at www.abenresources.com.

<b>Contact:</b>

Aben Resources Ltd.
Telephone: 604-416-2978
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@abenresources.com

Copyright (C) 2021 ABN Newswire. All rights reserved., source Press Releases English

Stocks mentioned in the article
ChangeLast1st jan.
ABEN RESOURCES LTD. -9.09% 0.05 Delayed Quote.22.22%
EAGLE PLAINS RESOURCES LTD. 2.78% 0.185 Delayed Quote.5.88%
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Financials
Sales 2020 - - -
Net income 2020 -1,43 M -1,12 M -1,12 M
Net cash 2020 1,40 M 1,10 M 1,10 M
P/E ratio 2020 -7,55x
Yield 2020 -
Capitalization 7,22 M 5,68 M 5,67 M
EV / Sales 2019 -
EV / Sales 2020 -
Nbr of Employees -
Free-Float 92,3%
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Income Statement Evolution
Managers and Directors
James Gaydon Pettit Director
Donald Carl Huston Chief Financial Officer & Director
Amanda B. Chow Independent Director
Timothy J. Termuende Independent Director
Simon Christopher Dyakowski Director
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