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About Ascendant

Ascendant Resources Inc. 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. Through focused exploration and aggressive development plans, the Company aims to unlock the inherent potential of the project, maximizing value creation for shareholders.

Lagoa Salgada contains over 12.8 million tonnes of M&I Resources and over 10.3 million tonnes in Inferred Resources and demonstrates typical mineralization characteristics of Iberian Pyrite Belt VMS deposits containing zinc, copper, lead, tin, silver and gold. Extensive exploration upside potential lies both near deposit and at prospective step-out targets across the large 10,700ha property concession. The project also demonstrates compelling economics with scalability for future resource growth in the results of the Preliminary Economic Assessment completed in 2020. Located just 80km from Lisbon, Lagoa Salgada is easily accessible by road and surrounded by exceptional Infrastructure.

Ascendant holds a 21.25% interest in the Lagoa Salgada project through its 25% position in Redcorp - Empreendimentos Mineiros, Lda, (“Redcorp”) and has an earn-in opportunity to increase its interest in the project to 80%. Mineral & Financial Investments Limited owns the additional 75% of Redcorp. The remaining 15% of the project is held by Empresa de Desenvolvimento Mineiro, S.A. (EDM), a Portuguese Government owned company supporting the strategic development of the country’s mining sector. The Company’s interest in the Lagoa Salgada project offers a low-cost entry to a potentially significant exploration and development opportunity, already demonstrating its mineable scale.

Ascendant Resources is engaged in the ongoing evaluation of producing and development stage mineral resource opportunities. The Company's common shares are principally listed on the Toronto Stock Exchange under the symbol "ASND"​. 

 

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.