Ascendant Resources Inc.
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Home Mining Company Profiles

Ascendant Resources Inc.

Uncovering the Next World-Class VMS

Ascendant Resources Inc.
  Latest Featured Articles
Ascendant Resources Engages Decarbonization Consultant 26 January, 2023
Ascendant Resources Ramps Up Exploration at Lagoa Salgada 19 January, 2023
Ascendant Resources Increases Effective Ownership Interest in Lagoa Salgada VMS Project 16 December, 2022
The Assay TV – Mark Brennan, Executive Chairman & Founder, Ascendant Resources (TSX:ASND) – 13/12/2022 13 December, 2022
The Assay Weekly Roundup: 1 to 6 December 7 December, 2022
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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 & silver containing an aggregate 1.6B tonnes 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 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 7,209ha 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
  • Initial discovery open in all directions, under drilled, and underexplored
  • Awarded project of national interest

Entering Rapid Value Creation Phase

  • Significant milestones to be achieved in 2022: resource upgrade, permitting, ownership consolidation, and a Feasibility Study
  • Undervalued relative to peers & primed for a re-rate

Full Company Profile

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Videos

Latest Featured Articles

Ascendant Resources Engages Decarbonization Consultant

byKatie Gordon, Business Reporter - The Assay
26 January, 2023

Ascendant Resources Ramps Up Exploration at Lagoa Salgada

byKatie Gordon, Business Reporter - The Assay
19 January, 2023

Ascendant Resources Increases Effective Ownership Interest in Lagoa Salgada VMS Project

byKatie Gordon, Business Reporter - The Assay
16 December, 2022

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

byThe Assay
13 December, 2022

The Assay Weekly Roundup: 1 to 6 December

byKatie Gordon, Business Reporter - The Assay
7 December, 2022

Ascendant Resources Intersects 78.5m at 22.72% ZnEq of Massive Sulphide at Lagoa Salgada Project

byKatie Gordon, Business Reporter - The Assay
6 December, 2022

Ascendant Resources Inc.

byThe Assay
5 December, 2022

Ascendant Resources Announces 5,000m Exploration Programme at Lagoa Salgada

byKatie Gordon, Business Reporter - The Assay
30 November, 2022
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Share Price

Company Financials

Website

W: ascendantresources.com

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