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An update from Mineral & Financial Investments ( (GB:MAFL) ) is now available.
Ascendant Resources Inc and Redcorp, partners in the Lagoa Salgada VMS Project in Portugal, have announced significant advancements in their exploration and project feasibility efforts. The project is poised to become a major polymetallic mining site on the Iberian Pyrite Belt, with recent discoveries and test work indicating strong potential for increased resource development and economic returns. The initiatives to optimize the project’s feasibility study aim to enhance financial performance and sustainability. With a construction decision expected in 2025, these developments represent a transformative step forward, potentially making Lagoa Salgada one of the most advanced projects in the region, with implications for increased stakeholder value.
More about Mineral & Financial Investments
Mineral & Financial Investments Limited (M&F) operates in the investment industry with a focus on the development of polymetallic mining projects. The company holds a conditional 20% carried interest in Redcorp, which is involved in the Lagoa Salgada Polymetallic Project in Portugal, managed by Ascendant Resources Inc.
YTD Price Performance: 0.0%
Average Trading Volume: 84,392
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £4.45M
See more insights into MAFL stock on TipRanks’ Stock Analysis page.
