Ascendant Resources Inc. (TSX: ASND | OTCQX: ASDRF | FRA:2D9) has announced an update on the optimization metallurgical test programme on the primary massive sulphides (PMS) domain at Lagoa Salgada.
The massive sulphides are the highest margin domain and a large value driver of NPV for the Lagoa Salgada Project. Bench scale metallurgical testing on composite samples from the PMS ore body were completed by Maelgwyn Metallurgical Laboratories, with oversight from Minepro Solutions and DRA Global.
Mark Brennan, chairman, stated, “This is a very exciting step forward for the Lagoa Salgada project. The metallurgical test work optimization programme carried out on the zinc and lead sulphide dominant mineralization (PMS) has returned exceptional recoveries and grades via a simplified and straightforward flotation process delivering highly marketable zinc and lead concentrates. It compares favourably to current zinc and lead producers and is positioned at the higher end of benchmarks for the Iberian Pyrite Belt.”
Following completion of the July 2023 43-101 feasibility study, Ascendant initiated the programme for metallurgical performance to improve metal recoveries, concentrate grades, and characterization of the deleterious elements in order to enhance the revenue potential for its Lagoa Salgada Project.
The initial phase of the optimization programme has been focused on the primary massive sulphide mineralization from its Venda Nova North Sector, as this zone is the major revenue contributor for the project and is exploited early in the mine life.
In addition to the metallurgical work, the company continues to progress its environmental permitting activities and expects to be granted the permit in Q3/24 which would position Lagoa Salgada as the next mine ready project on the Iberian Pyrite belt.
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