Ascendant Resources Inc T.ASND

Alternate Symbol(s): ASDRF

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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Ascendant Resources Inc > Answer to the question on CEO.CA

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Post by 101724on Jul 05, 2023 8:20am

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Post# 35526954

Answer to the question on CEO.CA

Q: isnt initial capex around 130mln ?

70% of the $190million will cover pre-production cost. The remainder will cover their interest payments and insurance costs. When you borrow money, you still need to make your monthly interest payments. This will cover that but not the principal.

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