Ascendant Resources sparks controversy with Lagoa Salgada project's major announcement
- Ascendant Resources has made progress in exploration and metallurgy at the Lagoa Salgada Project, enhancing its global significance.
- Metallurgical test work indicates improved recovery rates for lead, vanadium, and precious metals, with key results expected soon.
- The developments position Lagoa Salgada for a potential construction decision in Q4 2025, promising opportunities for sustainable mining.
In Portugal, Ascendant Resources Inc. has announced transformative developments at the Lagoa Salgada VMS Project as of December 11, 2024. The project, located in the Iberian Pyrite Belt, has shown promising potential for resource growth through recent exploration activities. A detailed gravity survey completed in February 2024 suggests the potential discovery of a new copper-rich zone, with results from this survey still pending. Drilling activities have indicated strong signs of proximity to a massive sulphide lens, hinting towards significant resource expansion. Furthermore, the company is progressing with metallurgical test work programs, with the Phase II optimization focusing on improving recovery rates of critical metals such as lead and vanadium. The project aims to produce high-grade concentrates with competitive recovery rates across various domains. This metallurgical advancement will likely enhance the overall project economics, contributing to its feasibility for a construction decision anticipated in the fourth quarter of 2025. Additionally, Ascendant Resources has initiated a collaborative effort with the University of Évora through the HYPERMETAL Project, which entails the application of AI and hyperspectral technologies for innovative exploration methods. This partnership aims to enhance orebody visualization and mineral mapping, positioning the Lagoa Salgada Project as a key focus area. Such technological advancements symbolize the company’s commitment to sustainability and innovation in mining practices. In summary, the advancements made at Lagoa Salgada reflect Ascendant Resources' vision of transforming the deposit into a world-class operation while maintaining a strong focus on responsible practices. As the company approaches significant milestones in development and exploration, stakeholders—including local communities—are encouraged to partake in the benefits stemming from these projects, promoting a sustainable future for mining in the region.