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Home Mining Company Profiles

Ascendant Resources Inc.

Uncovering the Next World-Class VMS

Ascendant Resources Inc.
  Latest Featured Articles
Ascendant Reports Metallurgical Test Results at Its Lagoa Salgada VMS Project 5 June, 2023
Ascendant Resources Inc. 3 May, 2023
Ascendant Resources Confirms Saleable Grade Concentrates at Lagoa Salgada 3 May, 2023
Ascendant Resources Provides Update on Lagoa Salgada Project 18 April, 2023
The Assay Weekly Roundup: 8 to 14 February 15 February, 2023
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Stock Code:
TSX: ASND
Company Exposure:
Copper, Zinc, Lead, Gold, Silver, Tin
Project Location:
Portugal

Ascendant Resources Inc. is a Toronto-based mining company focused on the exploration and development of the highly prospective Lagoa Salgada VMS project located on the prolific Iberian Pyrite Belt (IBP) in Portugal. The IBP is host to the largest concentration of volcanogenic massive sulphide deposits, over 250 deposits are known to exist within the belt, rich in copper, zinc, lead, tin, gold, and silver containing an aggregate 1.6Bt of ore.

The Venda Nova deposit at Lagoa Salgada contains over 14.4Mt of M&I resources and over 13.3Mt in inferred resources and demonstrates typical mineralization characteristics of Iberian Pyrite Belt VMS deposits. Extensive exploration upside potential lies both near deposit and at prospective step-out targets across the large 7,209ha property concession.

Ascendant holds a 20% interest in the Lagoa Salgada project through its 50% position in Redcorp – Empreendimentos Mineiros, Lda, (Redcorp) and has an earn-in opportunity to increase its interest in the project to 80%. The company’s interest in the Lagoa Salgada project offers a low-cost entry to a potentially significant exploration and development opportunity, already demonstrating its mineable scale.

Investment Highlights

Anchored by Robust Economics

  • Recent PEA outlined a NPV8 post tax of US$247M and IRR of 55%
  • Significant EBITDA generation of US$115M during the initial five years of operation
  • Low capex & low operating costs make this a potential tier one asset

District-Scale Exploration Potential

  • Large and prospective land package in the IBP, the largest VMS district
  • Venda Nova open in all directions, under drilled and under explored
  • Numerous drill targets identified for the next discovery

Entering Rapid Value Creation Phase

  • IBP is host to many world class deposits that continue to grow
  • Initial anchor discovery, Venda Nova continues to grow
  • Drilling new geophysical anomalies with potential for multiples of resource expansion

Full Company Profile

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The Assay TV – Mark Brennan, Executive Chairman & Founder, Ascendant Resources (TSX:ASND) – 7/2/2023

The Assay TV - Mark Brennan, Executive Chairman & Founder, Ascendant Resources (TSX:ASND) - 7/2/2023

The Assay TV – Mark Brennan, Executive Chairman & Founder, Ascendant Resources (TSX:ASND) – 7/2/2023

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The Assay TV - Mark Brennan, Executive Chairman & Founder, Ascendant Resources (TSX:ASND) - 13/12/2022

The Assay TV – Mark Brennan, Executive Chairman & Founder, Ascendant Resources (TSX:ASND) – 13/12/2022

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The Assay TV - Mark Brennan, Executive Chairman & Founder, Ascendant Resources (TSX:ASND) - 2/8/2022

The Assay TV – Mark Brennan, Executive Chairman & Founder, Ascendant Resources (TSX:ASND) – 2/8/2022

The Assay TV

Latest Featured Articles

Ascendant Reports Metallurgical Test Results at Its Lagoa Salgada VMS Project

byEleanor Laurence - Content Writer, The Assay
5 June, 2023

Ascendant Resources Inc.

byThe Assay
3 May, 2023

Ascendant Resources Confirms Saleable Grade Concentrates at Lagoa Salgada

byColin Sandell-Hay, Contributor - The Assay
3 May, 2023

Ascendant Resources Provides Update on Lagoa Salgada Project

byKatie Gordon, Business Reporter - The Assay
18 April, 2023

The Assay Weekly Roundup: 8 to 14 February

byPeter Cowell, Former Editor - The Assay
15 February, 2023

Ascendant Resources Appoints New Chief Technical Officer

byKatie Gordon, Business Reporter - The Assay
14 February, 2023

Ascendant Resources Spins the Drill Bit at Lagoa Salgada Geophysical Anomaly

byPeter Cowell, Former Editor - The Assay
10 February, 2023

Ascendant Resources Commences Drilling at Lagoa Salgada in Portugal

byColin Sandell-Hay, Contributor - The Assay
9 February, 2023
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Website

W: ascendantresources.com

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