PIN recognition provides expedited procedures and shorter implementation periods for permitting and construction PIN award emphasizes strong local and Government support Lagoa Salgada is the first mining project to receive recognition of this kind in Portugal Redcorp Empreendimentos Mineiros, Lda to explore project financing TORONTO, April 28, 2022 [...]
Ascendant Resources Inc. is pleased to provide an update on the various work streams currently underway as part of the ongoing program to deliver a Feasibility Study at the Venda Nova deposit at its Lagoa Salgada Project in Portugal. The Feasibility Study is targeted for completion by year end 2022. The Feasibility program is being led by Quadrante [...]
Ascendant Resources Inc. is pleased to announce the commencement of an extensive Deep Penetrating Electromagnetic Survey and provide an update on its ongoing regional exploration and in-fill drill programs as part of its planned Bankable Feasibility work program at the Venda Nova deposit at its Lagoa Salgada Project, Portugal. Mark Brennan [...]
Ascendant Resources , is pleased to announce that it has commenced its drill program that will be used to support an upcoming Feasibility Study at its Lagoa Salgada VMS project, located in the Iberian Pyrite Belt, Portugal. The drill program is planned to consist of approximately 15,000 meters of diamond drilling divided between the north and south [...]
Ascendant Resources , is pleased to announce that David Ball has joined Ascendant Resources as Vice President, Business Development. Mr. Ball was most recently Chief Financial Officer of Santiago Metals Limitada., a private Chilean based copper producer and portfolio company of US Private Equity group, Denham Capital. Previously he held senior [...]
Ascendant Resources is pleased to announce that on October 28, 2021 it has signed with the Portuguese Government, through the General Directorate for Energy and Geology , the definitive mining concession contract for its Lagoa Salgada VMS project in the prolific Iberian Pyrite Belt, Portugal. A summary of the main legal and contractual obligations [...]
Ascendant Resources Inc. is pleased to announce that it has closed its previously disclosed non-brokered private placement for aggregate gross proceeds of approximately C$3.16 million . The Offering consisted of the issuance of 13,149,665 units of the Company at a price of C$0.24 per Unit. Each Unit is comprised of one common share of the Company [...]
Ascendant Resources announces the filing on SEDAR of the new NI 43-101 Preliminary Economic Assessment entitled "NI 43-101 Technical Report and PEA for the Lagoa Salgada Project". The report was completed by Quadrante and Igan Ingenier?a. The report was prepared in accordance with Canadian Securities Administrators' National Instrument 43-101 [...]
Ascendant Resources Inc. is pleased to announce that Clinton Swemmer, has joined as Vice President of Technical Services. Mr. Swemmer will contribute to facilitating the development of the Lagoa Salgada VMS project as it progresses into Feasibility stage. Mr. Swemmer is a senior project delivery professional whose career spans over 20 years working [...]
Ascendant Resources Inc. is pleased to announce a non-brokered private placement for aggregate gross proceeds of approximately C$2 million . The Company intends to issue approximately 8.33 million units of the Company at a price of C$0.24 per Unit. Each Unit is comprised of one common share of the Company and one-half of one common share purchase [...]
Low capital intensive project with pre production capital cost of $132 million and a post tax payback of 1.5 years Post tax NPV8% of $246 Million and Post tax IRR of 55%; Average EBITDA of approximately US$117 million and Post Tax Free Cash Flow of approximately US$82 million per annum for the first 5 years; Initial Operating Mine Life of 14 years [...]
Ascendant Resources Inc. is pleased to announce results from its Phase 2 metallurgical test work program, conducted by Grinding Solutions Limited , a UK mineral processing services company with strong technical knowledge of mineral processing of IPB ores and has been guided by Micon International, who was responsible for the metallurgical results [...]
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