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About Ascendant

Ascendant Resources Inc. is a Toronto-based mining company focused on its 100%-owned El Mochito zinc-lead-silver mine which has been in production since 1948. After acquiring the mine in December 2016, Ascendant implemented a rigorous optimization program aimed at restoring the historic potential of the El Mochito mine. In 2017, the Company successfully completed the operational turnaround with sustained production reaching record levels and profitability restored. The Company remains focused on cost reduction and further operational improvements to drive robust free cash flow in 2018 and beyond. Ascendant is also focused on expanding and upgrading known resources through extensive exploration work for near-term growth. With a significant land package of 11,000 hectares and an abundance of historical data, there are several regional targets providing longer term exploration upside which could lead to further resource growth. The Company is also engaged in the evaluation of producing and development stage mineral resource opportunities, on an ongoing basis..

The El Mochito mine is located in north-western Honduras, approximately 88 kilometres south-west of San Pedro Sula and 220 kilometres north-west of the capital city, Tegucigalpa. The underground operation takes advantage of selective and bulk underground mining methods to mine multiple flat lying manto deposits and high-grade vertical chimneys, producing zinc and lead concentrates with significant silver credits.

 

Mission

To become an opportunistic international mining company that finds and produces commodities vital to global economic growth more effectively than anyone else.

We intend to create superior value for our shareholders, customers and employees through the efficient management of our assets using continuous optimization and innovation while growing the overall asset base.

Vision

Our vision is to be become a leading mineral development company providing tangible benefits to our stakeholders (including local communities) while growing shareholder value by expanding within the natural resource extraction industry. Inherent to this are:

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Our primary objective is to exceed the financial performance of the best of our competitors as measured by Total Shareholder Return. In pursuit of this, we balance long-term growth with short-term results. We target the acquisition of mining assets from which we can extract value, that are priced and financed in a manner that is accretive to shareholders on a risk-adjusted basis.