Mineral and Financial Investments said subsidiary Redcorp says the feasibility study for the Lagoa Salgada polymetallic project in Portugal will be delivered next month.
A set of final metallurgical study results will be also published in "the coming weeks" said the statement with a focus currently to produce a saleable tin concentrate from the tailings.
Pubic and regulatory meetings have been concluded recently, M&F added, as part of the permitting process with no major issues.
Ascendant, Redcorp’s other 50% owner and partner at Lagoa Salgada, has also appointed advisors to explore the possibility of Export Credit Agency Project Finance.
Shares rose 2.5% to 20.5p.