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Polymetals Resources Ltd (ASX:POL)

ALERT: Price-sensitive ASX Announcement for POL
Current share price for POL : $0.720 -0.295 (-29.06%)+
Announcement
Release
18 Nov 2025 9:03AM
Price at Release
$1.015
Full Release
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Summary
Polymetals Resources Ltd has provided an operational update on the Endeavor Silver Zinc Mine located in the Cobar Basin, New South Wales. Following a tragic accident that resulted in the loss of two employees, operations have recommenced with enhanced safety procedures. Mining and milling operations have resumed, and the transport of silver-lead concentrate is ongoing, with a shipment scheduled for early December. The company is also expanding its exploration activities near the mine, deploying additional drilling rigs to increase productivity and explore deeper target zones. Regional exploration programs are also advancing. Polymetals is managing its working capital through a concentrate pre-payment facility and is in discussions for standby credit facilities to ensure sufficient capital for future needs.
Key Points
  • Recommencement of operations at Endeavor Silver Zinc Mine.
  • Enhanced safety procedures following a tragic accident.
  • Resumption of mining and milling operations.
  • Ongoing transport of silver-lead concentrate with a shipment scheduled for early December.
  • Expansion of near-mine exploration activities with additional drilling rigs.
  • Advancement of regional exploration programs.
  • Management of working capital through concentrate pre-payment facility.
  • Discussions for standby credit facilities.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.