Ascendant Resources Inc. Announces Successful Completion of Phase I Metallurgical Test Work Optimization Program

Improvements in Metal Recoveries and Concentrate Grades at Lagoa Salgada VMS Project

TORONTO, ON / ACCESSWIRE / October 15, 2024 / Ascendant Resources Inc. (TSX:ASND)(OTCQX:ASDRF)(FRA:2D9) (“Ascendant” or the “Company”) is pleased to announce the successful completion of Phase I of its metallurgical test work optimization program for the Primary Massive Sulphide (PMS) and Stockworks (STWKS) domain at the Lagoa Salgada Volcanogenic Massive Sulphide (VMS) project, located in Portugal. The results of the Phase I program have shown substantial improvements in both metal recoveries and concentrate grades, reinforcing the economic potential of the project.

Phase I Results

The metallurgical test work optimization program focused on the Primary Massive Sulphide (PMS) and Stockworks (STWKS) domain at the Lagoa Salgada project. The results of the program have demonstrated significant improvements in metal recoveries and concentrate grades, which are essential for maximizing the economic viability of the project.

Ascendant Resources Inc. is excited about the positive results of Phase I of the metallurgical test work optimization program. The improvements in metal recoveries and concentrate grades further solidify the economic potential of the Lagoa Salgada VMS project and bode well for the future development of the project.

Impact on Stakeholders

Ascendant Resources Inc.’s successful completion of Phase I of the metallurgical test work optimization program is likely to have a positive impact on its stakeholders, including investors, employees, and the local community. The improvements in metal recoveries and concentrate grades enhance the economic viability of the Lagoa Salgada project, potentially leading to increased value for investors and job opportunities for employees.

Impact on Me

As an investor, the successful completion of Phase I of Ascendant Resources Inc.’s metallurgical test work optimization program is promising news. The improvements in metal recoveries and concentrate grades at the Lagoa Salgada VMS project suggest increased economic potential, which could result in higher returns on investment.

Impact on the World

The successful completion of Phase I of Ascendant Resources Inc.’s metallurgical test work optimization program could have a broader impact on the world. The improvements in metal recoveries and concentrate grades at the Lagoa Salgada VMS project may contribute to global supply chains and the overall economy, potentially benefiting various industries and stakeholders worldwide.

Conclusion

In conclusion, Ascendant Resources Inc.’s completion of Phase I of its metallurgical test work optimization program is a significant milestone for the Lagoa Salgada VMS project. The improvements in metal recoveries and concentrate grades demonstrate the project’s economic potential and pave the way for future development and growth. stakeholders, including investors, employees, and the local community, stand to benefit from the positive results of the program.