Uncovering the Next World-Class VMS
Stock Code:
TSX: ASND
Company Exposure:
Copper, Zinc, Lead, Gold, Silver, Tin
Project Location:
Portugal
Ascendant Resources 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 in Portugal. The Lagoa Salgada project is a high-grade polymetallic project, demonstrating a typical mineralization endowment of 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.
Located just 80km from Lisbon and surrounded by exceptional infrastructure, Lagoa Salgada offers a low-cost entry to a significant exploration and development opportunity, already showing its mineable scale and cashflow generation potential.
Ascendant currently holds a 80% interest in the Lagoa Salgada project through its position in Redcorp – Empreendimentos Mineiros, Lda.
Investment Highlights
- FS outlined a NPV 8% post tax of US$147M and IRR of 39%
- Significant EBITDA generation of US$75.5M 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 packages in the IBP
- Venda Nova is open in all directions, under-drilled and under-explored
- Numerous drill targets identified for the next discovery
Right Jurisdiction
- All necessary infrastructure in place: power, water, roads, and port all located adjacent to the project
- Granted Project of National Interest in Portugal: a mining jurisdiction with favourable labour rates and tax regime
Right Team to Execute
- Management team has successfully developed projects from exploration, through production and exit
- Track record of delivering growth for shareholders
- Strong in-country experience