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Mineral Resources

The Mineral Resource Estimate for the Lagoa Salgada Project in Portugal is prepared in accordance with National Instrument 43-101 – Standards for Disclosure for Mineral Projects.

Lagoa Salgada Mineral Resource Estimate

 Mineral Resource Estimate - Effective June 10, 2021


Average Grade Contained Metal
Tonnes Cu Zn Pb Sn Ag Au Cu Zn Pb Sn Ag Au
(kt) (%) (%) (%) (%) (g/t) (g/t) (MMlb) (MMlb) (MMlb) (MMlb) (koz) (koz)
North Zone
M & I 10,334 0.37 2.12 2.39 0.16 64 0.64 84 483 545 36 21,266 213
Inferred 831 0.08 0.48 2.62 0.17 27 0.37 10 78 94 7 3,057 35
South Zone
M & I 4,044 0.42 1.55 0.87 - 17.6 0.06 24.5 128.1 125.6 7.3 13,221.5 116.9
Inferred 10,827 0.31 0.79 0.43 - 14.6 0.76 34.2 204.4 198.1 10.9 18,845.5 175.2
Combined Resource
M & I 14,378 0.38 1.96 1.96 0.11 50.96 0.48 122 621 622 36 23,560 220
Inferred 13,329 0.29 0.91 0.67 0.02 18.96 0.7 84 267 196 7 8,126 299

All scientific and technical information has been reviewed and approved by Dr. Sergio Gelchich, P.Geo., Vice President, Exploration r for Ascendant Resources Ltd, who is a Qualified Persons as defined in National Instrument 43-101.