Ascendant Files Technical Report and PEA for Expansion at El Mochito

Base Metals Investing

The company said the PEA demonstrates robust economics and reduces all-in sustaining costs to US$0.97 per zinc equivalent pound for life of mine.

Ascendant Resources (TSX:ASND) has announced that it has filed on SEDAR the technical report titled Preliminary Economic Assessment (PEA) for the expansion of the El Mochito mine for its producing zinc-lead-silver mine in Honduras.

The company said the PEA was prepared in accordance with national instrument 43-101 and supports the results initially announced on October 22, 2018, demonstrating robust economics and reducing all-in sustaining costs to US$0.97 per zinc equivalent pound for life of mine.

As highlighted in the press release:

Project construction period: 2 years
Project payback period: 2 years
Life of mine (including current operations):10 years
Average annual production: 41,000 tonnes zinc, 10,000 tonnes lead, 742,000 ounces silver

Click here to read the full Ascendant Resources (TSX:ASND) press release.

ascendant resources el mochito honduras tsx:asnd Zinc Investing