Polymetals Resources Ltd (ASX: POL) is an Australian mining and exploration company with a project portfolio with significant potential for the discovery and development of both precious and base metal resources. With our cornerstone asset the Endeavor Silver-Zinc-Lead Mine, Polymetals is seeking to become a long term, consistent and profitable base and precious metal producer.
The Endeavor Mine is one of the three large mines in the Cobar Super basin, which is Australia’s most prolific polymetallic base & precious metal region. The mine operated for 38 years producing 90 million ounces of silver, 2.6 million tonnes of zinc and 1.6 million tonnes of lead before being placed on care & maintenance in 2020. Polymetals acquired the mine in May 2023 with remaining resources of 16.3Mt containing 41.4Moz Silver, 1.3Mt Zinc & 0.75Mt Lead and completed a mine restart study in October 2023 with a further 10-year mine life ahead producing $323 million free cashflow.
Polymetals holds a strong exploration portfolio for organic growth, are development driven and continually measure strategic acquisition opportunities. POL is committed to developing genuine long-lasting relationships within our community, building strong relationships with investment partners, local stakeholders and providing our shareholders with capital growth and dividends. For more information visit www.polymetals.com