POL - Polymetals Resources

[houtman]

@mullokintyre

2nd Pick for 2025.

POL is progressing the restart of the Endeavor Silver/Zinc mine and on track for production 1H 2025.

The above posts cover most of it.

Looking at the recent December 1/4ly I was happy to see new equipment for underground. The MD presents as very $ conscious, good to see investment in the critical stuff.

In a nutshell, restart production for cash flow, then looking to explore their tenements after having spent 2 years collating 50 years of reports, then reprocess tailing ponds.

 

[houtman]

@mullokintyre
Feb update.

POL put out a restart update today, subtitled Making the Endeavor Silver Zinc Mine Great Again .

Some snippets, bolds mine.

“With the festive season behind us, our capable and energetic team are again fully focused on the
execution of the Endeavor Mine restart plan. The development philosophy, which Polymetals has applied
over numerous resource projects, is again on show and it is a pleasure to work alongside the growing
team as the “can-do” culture is applied.

We are very pleased with progress to date with the recommencement of mining activities underground,
including our first blasting and trucking activities, and refurbishment of the mill all progressing well. Early
mining of high-grade silver Upper North Lode ore remains a core strategy, and we are looking forward to
a rewarding year ahead for our stakeholders.

Still expecting first cash flow 1H, 2025.

 

[Dona Ferentes]

the wires are hinting Polymetals, the owner of the Endeavor silver-zinc-lead mine in the Cobar Basin region of NSW, is working with stockbroker Blue Ocean Equities to raise between $20M and $30M in fresh capital