Lagoa Salgada is a well advanced, long-life, low cost polymetallic VMS project, with gold and silver accounting for approximately 34% of NSR, located in the prolific Iberian Pyrite Belt, Cerrado said.
In 2023, Ascendant completed an 43-101 compliant feasibility study on Lagoa Salgada which outlined a project with an after-tax NPV of $147 million and IRR of 39% generating approximately C$75M per annum in free cash flow over the first 5 years of operations. A new optimized feasibility study is anticipated to be completed by late summer.
“The acquisition of Lagoa Salgada is a tremendous opportunity for Cerrado to add a world class, low cost asset with strong cash flow potential and create significant value as well as support our longer-term development plans without compromising our financial strength and current operations,” CEO Mark Brennan said in a news release.
“The existing value and…
