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Ascendant Resources Inc has hailed a preliminary economic assessment (PEA) for its Lagoa Salgada volcanogenic massive sulphide (VMS) project in Portugal, which showed a low-cost, high-margin underground mining operation. The NI 43-101 report is based on exploiting ore from both the North Zone and the South Zones at the Venda Nova area and is based on current resources but the company reckons resources and the scale of the project can be expanded with future exploration.
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