Ascendant Resources 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. The Lagoa Salgada project is a high-grade polymetallic project, demonstrating a typical mineralization endowment of zinc, copper, lead, tin, silver, and gold. Extensive exploration upside potential lies both near deposit and at prospective step-out targets across the large 7,209-hectare property concession.
Located just 80km from Lisbon and surrounded by exceptional infrastructure, Lagoa Salgada offers a low-cost entry to a significant exploration and development opportunity, already showing its mineable scale and cashflow generation potential.
Ascendant currently holds 80% interest in the Lagoa Salgada project through its position in Redcorp - Empreendimentos Mineiros, Lda, ("Redcorp"). The Company's common shares are principally listed on the Toronto Stock Exchange under the symbol "ASND".
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:
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.