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 [...]
Ascendant Resources Inc. is pleased to announce the voting results of the Company's 2021 Annual Shareholder's Meeting held on August 5, 2021, in Toronto, Ontario. A total of 9,735,012 common shares were voted at the Meeting, representing 10.13% of the votes attached to all outstanding common shares of the Company. All matters presented for [...]
Argus Research, an independent investment research firm, has launched Equity Report coverage on Ascendant Resources Inc. . Click here to view Full Argus Equity Report. Excerpts & Highlights from the Report as conveyed by Argus Analyst Steve Silver, follow: BUSINESS DESCRIPTION: Based in Toronto, Ascendant Resources is focused on the exploration and [...]
Ascendant Resources Inc. is pleased to announce an updated Mineral Resources Estimate at the Venda Nova deposit at its Lagoa Salgada VMS project in Portugal, incorporating the results from a recently completed three-hole drill program. The new resource will be used for the current Preliminary Economic Assessment that is currently underway. The [...]
New 43-101 Resource followed by results from PFS level metallurgical testing expected to be issued in the near term New PEA expected by end of July 2021, to show increased scale and economic potential versus PEA published in December 2019 TORONTO, June 09, 2021 -- Ascendant Resources Inc. is pleased to announce that it has engaged to undertake the [...]
Ascendant Resources Inc. is pleased to announce that Dr. Sergio Gelcich, PGEO, has joined as Vice President of Exploration replacing Mr. Robert Campbell, who is retiring from day-to-day operations. Mr. Campbell will remain a Director of the Company. Dr. Gelcich is a senior exploration geologist whose career spans over 20 years in a broad range of [...]
Ascendant Resources Inc. is very pleased to announce the appointments of Mr. Jason Brooks as Chief Financial Officer and Mr. Carl Calandra as General Counsel & Corporate Secretary. Mr. Brooks is a Chartered Professional Accountant with over 18 years of experience in finance and accounting at international mining companies. Prior to joining [...]
Ascendant Resources is pleased to announce that it plans to host an investor call on Thursday May 13 at 12:00 pm to provide updated guidance on the development plan for Lagoa Salgada. Ascendant would also like to formally introduce Joao Barros, Ascendant's newly appointed President. Meeting Details Below: Topic: Ascendant Investor Update Time: May [...]
• NEW 43-101 • 12PM MAY 13May 11, 2021 -- Ascendant Resources Inc. is pleased to announce that it has completed a C$3,900,000 non-brokered private placement of secured non-convertible debenture units . The Company intends to use the proceeds from the Private Placement to continue with detailed metallurgical test work and complete a new 43-101 [...]
Seasoned Mining Veteran With Focused Expertise of Iberian Pyrite Belt to Take Lagoa Salgada Property Through Bankable Feasibility Study and Development May 03, 2021 -- Ascendant Resources Inc. is pleased to announce the appointment of Mr. Joao Barros to the position of President, Ascendant Resources, where he will continue to oversee the [...]
Ascendant Resources Inc. is pleased to announce the beginning of its phase 2 metallurgical test work on both the massive sulphide and stockwork ores at its Lagoa Salgada project in Portugal, following very encouraging results obtained in the first stage of metallurgical test work. The current Phase 2 metallurgical testing is planned to follow up on [...]
