Ascendant Resources (Ascendant Resources)

Ascendant Resources: District-scale Polymetallic Project in the Prolific Iberian Pyrite Belt


Ascendant Resources (TSX:ASND, OTCQB:ASDRF), OTCQB:ASDRF) focuses on exploring and developing the highly prospective Lagoa Salgada VMS project located at the prolific Iberian Pyrite Belt in Portugal. The Iberian Pyrite Belt is widely considered an unparalleled depository of mineral wealth. The Lagoa Salgada project’s volcanogenic massive sulfide (VMS) is underexplored and under-drilled, creating tremendous blue-sky potential as Ascendant proceeds to explore the project.

The Venda Nova deposit at Lagoa Salgada contains over 10.33 million tonnes of measured and indicated resources @ 9.06 percent ZnEq and 2.50 million tonnes of inferred resources @ 5.93 percent ZnEq in the North Zone; and 4.42 million tonnes of indicated resources @ 1.50 percent CuEq and 10.83 million tonnes of inferred resources @ 1.35 percent CuEq in the South Zone. The deposit demonstrates typical mineralization characteristics of Iberian Pyrite Belt VMS deposits containing zinc, copper, lead, tin, silver and gold. Extensive exploration upside potential lies both near deposit and at prospective step-out targets across the large 7,209-hectare property concession.

Lagoa Salgada Project

The project has a completed preliminary economic assessment (PEA) indicating post-tax net present value (NPV) of US$247 million and an Internal Rate of Return (IRR) of 55 percent. The PEA also indicates a 14-year mine life with an average production of 130 million pounds of zinc equivalent per year. Located just 80km from Lisbon, Lagoa Salgada is easily accessible by road and surrounded by exceptional Infrastructure. The company will look to expand upon this in its feasibility study Q2/2023.

Company Highlights

  • Ascendant Resources is an exploration and development polymetallic mining company pursuing its district-scale Lagoa Salgada project in Portugal.
  • Many near-term milestones: metallurgy coming in the next month, feasibility study being completed Q2/2023.
  • The flagship Lagoa Salgada project is on the prolific Iberian Pyrite Belt, giving Ascendant a district-scale asset with the potential to generate revenue from precious and base metal deposits.
  • The Iberian Pyrite Belt has a rich mining history with some 250 known deposits, and many regions remaining underexplored.
  • The Lagoa Salgada has a PEA that determines a post-tax NPV of US$247 million and an IRR of 55 percent.
  • The Venda Nova deposit at Lagoa Salgada contains over 10.33 million tonnes of Measured and Indicated Resources @ 9.06 percent ZnEq and 2.50 million tonnes of Inferred Resources @ 5.93 percent ZnEq in the North Zone; and 4.42 million tonnes of Indicated Resources @ 1.50 percent CuEq and 10.83 million tonnes of Inferred resources @ 1.35 percent CuEq in the South Zone
  • A management team with the right experience throughout the mining industry leads the company toward fully developing its district-scale asset.

This Ascendant Resources profile is part of a paid investor education campaign.*

Click here to connect with Ascendant Resources (TSX:ASND, OTCQB:ASDRF) to receive an Investor Presentation

ASND:CA
Ascendant Resources

Ascendant Resources Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Ascendant Resources (Ascendant Resources)

Ascendant Resources


Keep reading...Show less
Gravity Survey Results Identify High Impact Near Deposit Massive Sulphide Exploration Targets at its Lagoa Salgada VMS Project, in Portugal

Gravity Survey Results Identify High Impact Near Deposit Massive Sulphide Exploration Targets at its Lagoa Salgada VMS Project, in Portugal

  • New High-Resolution gravity survey suggests potential to rapidly expand Massive Sulphide Mineralization at current Venda Nova North and South Deposits
  • Multiple additional gravity anomalies identified to potentially add to the Massive Sulphide Ore Bodies near Venda Nova
  • EDM's Option to gain a 15% interest in the Project extended to September 30, 2024 due to upcoming elections and government change

Ascendant Resources Inc. (TSX:ASND)(OTCQB:ASDRF)(FRA:2D9) ("Ascendant" or the "Company") is pleased to announce the results of its recent high-resolution gravity survey completed over the Venda Nova North and South Deposits at its Lagoa Salgada VMS Project, in Portugal

Key Highlights

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Ascendant Provides Summary of 2023 Achievements and Outlook for 2024

Ascendant Provides Summary of 2023 Achievements and Outlook for 2024

Ascendant Resources Inc. (TSX:ASND)(OTCQB:ASDRF)(FRA:2D9) ("Ascendant" or the "Company"), is pleased to provide a summary of the significant milestones achieved during 2023 and looks forward to another year of continued de-risking and key value creation objectives in 2024 for its Lagao Salgada polymetallic project in Portugal

Key Milestones Delivered in 2023

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Ascendant Resources Inc. Announces Submission of the Environmental Impact Assessment  for its Lagoa Salgada VMS Project, in Portugal

Ascendant Resources Inc. Announces Submission of the Environmental Impact Assessment for its Lagoa Salgada VMS Project, in Portugal

  • Environmental Impact Assessment ("EIA") submitted to the Portuguese Environmental Authority, APA ("Agência Portuguesa do Ambiente").
  • Approval of the EIA is expected by the end of June 2024 following which, the Company will enter the RECAPE phase, allowing for a formal construction decision.
  • Application for construction of 30MW Photovoltaic plant submitted in parallel.

Ascendant Resources Inc. (TSX:ASND)(OTCQB:ASDRF)(FRA:2D9) ("Ascendant" or the "Company"), through its subsidiary, Redcorp - Empreendimentos Mineiros, Lda ("REM"), is pleased to announce that it has submitted the Environmental Impact Assessment Report ("EIA") for its Lagoa Salgada Project to the Portuguese Environmental Authority, APA ("Agência Portuguesa do Ambiente") on December 21th 2023

The submission of the EIA is the culmination of more than 18 months of data collection, aggregation and analysis prepared by management and internationally renowned consulting experts. The EIA document includes complete environmental baseline studies, hydrological and hydrogeological modelling, human, archaeological, fauna and flora characterization and impact evaluation, along with the mitigation, controls and benefits that will be present over the Life of Mine ("LoM") of the Project, from construction to final closure.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Ascendant Closes First Tranche of C$2.7 Million Non-Brokered Private Placement

Ascendant Closes First Tranche of C$2.7 Million Non-Brokered Private Placement

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICESOR FOR DISSEMINATION IN THE UNITED STATES

AscendantResources Inc. (TSX:ASND) ("Ascendant" or the "Company") is pleased to announce the close of the first tranche ("First Tranche") of its non-brokered private placement (the "Offering") announced December 7, 2023. The second and final tranche to complete the Offering is expected to close on or about January 5, 2024. The Offering is fully subscribed and the Company is completing final settlement for the balance of the Offering

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Ascendant Resources Announces Results of Annual and Special Meeting of Shareholders

Ascendant Resources Announces Results of Annual and Special Meeting of Shareholders

TSX: ASND
www.ascendantresources.com

  • All matters overwhelmingly approved by shareholders

Ascendant Resources Inc. (TSX: ASND) (OTCQB: ASND) ("Ascendant" or the "Company") is pleased to announce the voting results of the Company's 2023 Annual and Special Shareholders' Meeting (the "Meeting") held on August 23, 2023, in Toronto, Ontario.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
chris blasi, gold chunks

Chris Blasi: Gold's Price Move is Real, Long-awaited Returns Coming

The gold price has risen to historic highs, but some market participants still aren't sure if the move will stick.

Chris Blasi, president of Neptune Global, shared data that he believes validates the yellow metal's uptick and confirms that it has much further to run. In his view, gold is in the third leg of a secular bull market that began in 2001.

"This leg is going to show the returns that a lot of people in this community of precious metals investors have been expecting for over a decade," he told the Investing News Network in an interview.

Keep reading...Show less

Strategy-Driven Barrick Builds on Value Foundation

Five years after the transformational Merger with Randgold Resources, Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) has been restructured and repurposed as a modern mining business with a constantly replenished, global asset base of peerless quality, managed by a team with an unparalleled record of recognizing and realizing opportunities, says chairman John Thornton in the company's 2024 Information Circular published today and available now at www.barrick.comagm and also filed on SEDAR+ ( www.sedarplus.ca ) and EDGAR ( www.sec.gov ).

"This Barrick is guided by a long-term, future-facing strategy, finely attuned to the demands and expectations of a rapidly changing world. Its aim is not only to secure the company's sustainable profitability but also to make sustainability, in every sense, the core of its activities. Barrick's pioneering partnership philosophy, a key component of its commitment to sustainability, has already transformed the once-derelict Tanzanian mines into a complex with Tier One 1 potential; reconstituted the Reko Diq project in Pakistan and is now developing it into one of the world's largest copper-gold producers; and after three years of negotiation, achieved an agreement for the re-opening of the Porgera gold mine in Papua New Guinea, where mining and processing have restarted and will be ramping up over the next two quarters," he says.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Many Peaks Minerals Ltd (ASX: MPK) – Trading Halt

Many Peaks Minerals Ltd (ASX: MPK) – Trading Halt

Description

The securities of Many Peaks Minerals Ltd (‘MPK’) will be placed in trading halt at the request of MPK, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Wednesday, 3 April 2024 or when the announcement is released to the market.

Keep reading...Show less
Don Hansen, gold bars.

Investor Education: Gold vs. US Dollar Outlook with Expert Don Hansen

Private investor Don Hansen has honed his resource sector investment approach for more than 20 years, and he shared his latest research in a conversation with the Investing News Network.

He discussed the US dollar's rise and fall as the world's reserve currency, as well as how China is shifting away from the dollar and toward gold. Hansen also went over data on the inverse relationship between the gold price and the S&P 500 (INDEXSP:.INX), explaining how decades-long patterns show where both are heading.

"The exciting part to me is when we look at the previous data you can see that the stock market phase is about to end. It's at a very high level and it's at the end of its period," he explained during the interview.

Keep reading...Show less
A small golden bull statue on top of US money.

Goldman Sachs Bullish on Commodities, Shares 2024 Price Calls for Gold and Copper

Goldman Sachs (NYSE:GS) is maintaining its bullish stance on commodities as they continue to enjoy strong cyclical and structural support, and as the US and Europe move closer to cutting interest rates.

The American investment bank said it sees raw materials potentially returning 15 percent in 2024.

“We find that US rate cuts in non-recessionary environments lead to higher commodity prices, with the biggest boost to metals (copper and gold in particular), followed by crude oil,” Bloomberg quotes analysts Samantha Dart and Daan Struyven as saying in a note this past Sunday (March 24). “Importantly, the positive impact on prices tends to increase with time, as the growth impulse from looser financial conditions filters through.”

Keep reading...Show less
Gold bars and coins as well as a sac of gold.

Top 5 ASX Gold Stocks That Pay Dividends (Updated 2024)

If you're interested in gold stocks, it's worth taking a look at the top ASX gold stocks that pay dividends.

A dividend is a sum of money that is paid regularly by a company to a class of its shareholders out of its earnings. Dividends are often issued as cash payments, but can also be issued as stock or other property.

Read on for a deeper look at gold dividend stocks and a breakdown of the top five dividend-paying ASX gold stocks.

Keep reading...Show less
Ascendant Resources

Ascendant Resources Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×