Ascendant Resources Inc.

Ascendant Resources Inc. is a mining company focused on operating its El Mochito mine in Honduras while continuing to evaluate producing and advanced development-stage mineral resource opportunities, principally in North, South and Central America. In December 2016, the Company completed its acquisition of 100% of American Pacific Honduras SA de CV and its flagship asset, the producing El Mochito Mine, from Nyrstar NV and its affiliates. The El Mochito mine, located in north-western Honduras, approximately 88 kilometres south-west of San Pedro Sula and 220 kilometres north-west of the capital city, Tegucigalpa, has been in operation since 1948. The underground operation takes advantage of selective and bulk underground mining methods to mine multiple flat lying manto deposits and high-grade vertical chimneys, producing zinc and lead concentrates with significant silver credits. At the closing of the acquisition, the Company was well financed to execute its plans to improve mine optimization and development as well as restart exploration activities.

Company Objectives

Ascendant wants to optimize the mine operation further at El Mochito and bring down the costs further. The optimization programs initiated and ongoing are targeting ~90MM lbs and AISC of ~$0.82/lb Zn Eq within 12 months. 

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Data & Facts

ISIN:CA0435041094
WKN:A2DJNA
FRA:2D9
Shares outstanding: 71.7 Mio.
Fully diluted: 94.2
   
Main shareholders: CQS: 19,9%
  Vertex One Asset Management 19,9%
  CIBC Asset Management 14,7%
  MM Asset Management Inc. 12,6%
  Directors and Management approx. 12%

Management

Head Office: 2100-79 Wellington St. W
  Toronto Ontario M5K 1H1
  Phone: +1 647-796-0066
  Email: info@ascendantresources.com
   
Management: CHRIS BUNCIC, MBA, CFA, P.ENG, President, CEO and Director
  CLIFF HALE-SANDERS, MBA, CFA, Executive Vice President
  ROHAN HAZELTON, CPA, CA, Chief Financial Officer
  NEIL RINGDAHL, Chief Operating Officer

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