Ascendant Resources advances Lagoa Salgada project towards becoming a new mine in Portugal

In Portugal, Ascendant Resources Inc. has made significant progress on the Lagoa Salgada VMS Project. Recent exploration suggests the potential discovery of a new copper-rich zone based on results from gravity surveys, with assays currently pending. Optimization efforts are ongoing to enhance recovery rates and concentrate quality, reinforcing the project’s position as a prominent global polymetallic opportunity. The company has reported that drilling activities have expanded resource potential, with observed sulphide dissemination indicating proximity to a massive sulphide lens that could broaden the resource base substantially. The metallurgical testing at Lagoa Salgada has demonstrated competitive recovery rates and high-grade concentrates across multiple domains. Specifically, the Phase II metallurgical test programs aim to unlock additional value from the mineralized deposits, building on Phase I successes. Optimization efforts for the Gossan domain are nearing their conclusion, showing promising results in the recovery rates for lead and vanadium. Furthermore, the mobile pastefill plant concept is being considered to promote operational flexibility and cost-efficiency in initial investments. Innovative geophysical techniques and hyperspectral imaging are being implemented to enhance orebody visualization and mineral mapping. This commitment to technological advancement and environmentally sustainable practices underlines Ascendant's vision of operational excellence and stakeholder value creation within the Iberian Pyrite Belt. The company plans to continue leveraging strategic partnerships and innovative exploration techniques to ensure continued success as they approach key milestones in the project's development. Risk factors related to these forward-looking statements have been noted by the company and are outlined in their filings with Canadian securities regulators. In summary, Lagoa Salgada is on track to potentially becoming the next significant mining operation in the Iberian Pyrite Belt, with a construction decision expected in the fourth quarter of 2025. Ascendant Resources remains dedicated to responsible mining practices while aiming for impressive project economics and operational efficiency amidst ongoing exploration and development efforts.