sur Ascendant Resources, Inc. (isin : CA0435041094)
Ascendant Resources Advances Lagoa Salgada Project in Portugal
Ascendant Resources Inc. has achieved significant progress in 2024 at the Lagoa Salgada VMS Project in Portugal's Iberian Pyrite Belt. Exploration results suggest new copper zone discoveries, bolstering the project's development potential. Further drilling is anticipated to expand resources, with the construction decision expected by Q4 2025.
Recent metallurgical tests have produced high-quality concentrates, enhancing the project's economic potential. Ongoing optimizations aim to boost recovery rates across various domains. The Definitive Feasibility Study updates suggest improved financial forecasts and operational efficiency.
The Environmental Impact Assessment is underway, with final approval expected Q1 2025. A 30MW photovoltaic plant is planned to reduce emissions and costs. The project incorporates innovative partnerships with local universities, enhancing technological integration and community support.
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