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

 

[houtman]

@mullokintyre
March update.

POL announced a mining conference presentation a few days ago.

All on track.
Looking to be producing in May and cashflow in June.

$7.5mpa exploration budget.

Also in the presentation "Establish a capital management policy to deliver shareholder value (dividends)".
The Chairman is the major shareholder so should be aligned with shareholders.

MCap about $200m, targeting strong early cashflow.

 

[houtman]

@mullokintyre

April update.
POL announced their 1/4ly report today, most companies be another 3 weeks.

Still on track for May production and June cashflow. Wet commissioning this month.

Now that they are near production they are moving more resources to exploration.

Having compiled the historic geological, geochemical, geophysical and drilling information generated
over the last 50 years... .. we can now focus on prospects ranging from ready-to-drill to those more grassroots in nature.... Now
that the Endeavor Mine redevelopment is well underway, the Company plans to actively advance
exploration targets during the 2025 field season.

Near term cashflow and 50 years of information for exploration, I like.