Ascendant Resources Inc ASDRF

Primary Symbol: T.ASND

Metals & Mining Industrial Metals & Minerals

Ascendant Resources Inc. is a Canada-based mining company focused on the exploration and development of the highly prospective Lagoa Salgada volcanogenic massive sulphide (VMS) project located on the prolific Iberian Pyrite Belt (IPB) in Portugal. The Lagoa Salgada Project is located within the north-western section of the prolific Iberian Pyrite Belt in Portugal, approximately 80 kilometers (km) southeast of Lisbon and is accessible by national highways and roads. The Project is comprised of a single exploration permit covering an area of approximately 7,209 hectares. The Project represents an early-stage, potentially high-grade, polymetallic zinc-lead-copper exploration opportunity in a low risk, established and prolific jurisdiction. The Lagoa Salgada project comprises two known deposits: Venda Nova North and South. The Project represents a low-cost entry opportunity to gain exposure to a known, high-grade VMS deposit.

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Post by stockfyon Apr 16, 2021 2:51pm

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Post# 33012410

ASND's Copper and Copper on path to $15K/ton in 2025 (GS)

Good news for ASND's copper-zinc project in Portugal. Goldman Sachs says that copper is on path to $15K/ton in 2025 thanks to green transition and supply remains relatively scarce. See excerpt below:

Copper will be crucial in achieving decarbonization and replacing oil with renewable energy sources, and the market currently faces a supply crunch that could raise the price by more than 60% in four years, Goldman Sachs says in a new report.
"Copper is the new oil," vital in the process of creating, storing and distributing clean energy from the wind, sun and geothermal sources, as it has the physical attributes needed to do so, Goldman says.
"Discussions of peak oil demand overlook the fact that without a surge in the use of copper and other key metals, the substitution of renewables for oil will not happen," the report says.