Bottom-up resources: Additional information



NI 43-101 and PEA technical report for the Lagoa Salgada project, Setúbal district, Portugal

Ascendant Resources Inc.

TABLE OF CONTENTS

1

SUMMARY

35

1.1

TERMS OF REFERENCE ……………………………………….. ……………………………….

35

1.2

DESCRIPTION AND LOCATION OF THE PROPERTY …………………………………….. ….. ………

35

1.3

OWNERSHIP………………………………………… . …………………………………………. .

35

1.4

GEOLOGY AND MINERALIZATION ……………………………………… …………….. …………………

36

1.4.1

REGIONAL CONTEXT ………………………………………… ……………. ……………………………. …………….

36

1.4.2

GEOLOGY AND MINERALIZATION OF THE PROPERTY …………………………………… …. …….

36

1.4.3

TYPES OF DEPT ……………………………………….. .. ………………………………………… ……………… ..

36

1.4.4

STATE OF THE EXPLORATION ……………………………………… ……………… ………………………….. …..

37

1.4.5

ESTIMATE OF MINERAL RESOURCES ………………………………………. …. ………………………

37

1.4.6

COMPARISON OF MINERAL RESOURCES ………………………………………. …. …………………

39

1.5

MINE …………………………………………. …………… …………………………….. …………………………. …..

39

1.6

INFRASTRUCTURE …………………………………………. ………………………………….

40

1.7

MINERAL TREATMENT ……………………………………….. . ……………………………….

41

1.7.1

METALLURGICAL TESTS ………………………………………… ……………. ……………………………. …

41

1.7.2

RECOVERY METHODS ……………………………………….. .. ………………………………………… ……..

42

1.8

ENVIRONMENTAL …………………………………………. …………… …………………………….. …..

43

1.9

INVESTMENT AND OPERATING COSTS ……………………………………. ….. …………………

44

1.10

ECONOMIC ANALYSIS ………………………………………… ……………………………….

45

1.11

INTERPRETATION AND CONCLUSIONS ……………………………………….. ………………. ………….

48

1.11.1 GEOLOGY / RESOURCES …………………………………….. …… …………………………………….. …

48

1.11.2

MINE …………………………………………. …………… …………………………….. …………………………. …………

48

1.11.3

INFRASTRUCTURE …………………………………………. ………………………………………..

49

1.11.4

PROCESSING………………………………………… . …………………………………………. …………….. …..

49

1.11.5 ECONOMY ………………………………………. ……… ………………………………….. ……………………. ……..

50

1.12

RECOMMENDATIONS …………………………………………. …………… …………………………….. ..

50

1.12.1 GEOLOGY / RESOURCES …………………………………….. …… …………………………………….. …

50

1.12.2

MINE …………………………………………. …………… …………………………….. …………………………. …………

51

1.12.3

PROCESSING………………………………………… . …………………………………………. …………….. …..

51

1.12.4

ECONOMY …………………………………………. ……………. ……………………………. ………………………….. …..

52

1.12.5 ADDITIONAL WORK ……………………………………… ….. ……………………………………… …..

52

2

INTRODUCTION

54

2.1

INTRODUCTION…………………………………………. ………………………………………..

54

2.2

TERMS OF REFERENCE ……………………………………….. ……………………………….

54

2.3

QUALIFIED PERSONS ………………………………………… ……. ……………………………….

54

2.4

SITE VISITS ……………………………………….. …………….. …………………………… …………………………… ..

54

2.5

SOURCES OF INFORMATION AND REFERENCES …………………………………….. .. …..

55

2.6

PREVIOUS TECHNICAL REPORTS ……………………………………….. ………………….

55

3DEPENDENCE ON OTHER EXPERTS

57

4DESCRIPTION AND LOCATION OF THE PROPERTY

58


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