Ascendant Resources – Comprehensive Derisking Update Moving The Polymetallic Lagoa Salgada Project Towards A Construction Decision By The End Of 2025
Mark Brennan, Founder and Executive Chairman of Ascendant Resources (TSX: ASND) (OTC: ASDRF), joins me for a comprehensive review of all the ongoing derisking work moving the polymetallic Lagoa Salgada Project in Portugal towards a construction decision by the end of next year.
We start off with Mark recapping the key metrics from the Definitive Feasibility Study released on the Project in June of 2023, which outlined a NPV 8% post-tax of US$147M and an IRR of 39% and a relatively low capex of US$164 million. We then shifted to the ongoing Optimization Studies to continue to look for efficiencies in metallurgical recoveries, for mine development and site layout, as well as the remaining key permitting timelines.
Shifting over to the capital stack coming together to finance the build of the Lagoa Salgada Project consists of the recent ECA Support Non-Recourse Project Financing, negotiations for the additional upsizing of the Sprott stream, the potential for a mineral offtake agreement to augment the financing, with only a very small portion left to fund through equity.
We wrap reviewing the unique fundamentals of the polymetallic zinc – lead – copper – tin – gold -silver resource that is open for expansion by continued exploration along the Iberian Pyrite Belt, and all the key milestones and catalysts on tap for 2025.
If you have questions for Mark regarding Ascendant Resources, then please email me at Shad@kereport.com.
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