Acquisition ImpactThe acquisition of Ascendant Resources by Cerrado Gold is expected to increase the chances for future development of Lagoa Salgada substantially.
Commodity PricesThe revised long-term estimates for gold and silver prices are significantly higher based on macroeconomic developments, which could benefit Ascendant Resources.
Financial PerformanceCerrado Gold's cash flow and profitability are seen as well-suited for generating ongoing shareholder value.
Metallurgical TestingPhase 1 of metallurgical test work completed with improvements in metal recoveries and concentrate grades, affirming the economic viability of the site.