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Polymetals Resources (POL) investor relations material
Polymetals Resources AGM 2025 Presentation summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Operational achievements and milestones
Endeavor Mine was acquired in August 2024, redeveloped, and achieved first ore processing by May 2025.
First cashflow was realized in July 2025, with concentrate prepayments totaling A$11.6 million.
First shipment of zinc concentrate completed in October 2025; silver-lead concentrate shipment planned for December.
Steady-state operations targeted for the January quarter, with strong early production of silver, zinc, and lead.
August 2025 revenue met operating costs and repaid A$2.5 million of debt.
Production and resources
September quarter production: 222,565 oz silver, 2,902 t lead, 4,507 t zinc.
Initial access to high-grade Upper North Lode established in September 2025; metallurgical testwork underway.
Endeavor has produced 92Moz silver, 2.6Mt zinc, 1.6Mt lead to date, with 16Mt of remaining resources.
Initial 10-year mine plan prioritizes early silver-rich stopes, targeting 5Moz silver and A$250m EBITDA in first 2 years.
JORC (2012) total mineral resource: 16.3Mt at 8.0% Zn, 4.5% Pb, 84g/t Ag; ore reserve: 6.6Mt at 4.32% Zn, 4.5% Pb, 84g/t Ag.
Financial performance and outlook
Market capitalization of A$254.4m as of November 2025; share price A$0.95 (52-week high A$1.01, low A$0.24).
Cash balance of A$17m and drawn debt of A$14m as of September 2025.
Pre-tax NPV (8% discount) of A$414m, pre-tax IRR of 345%, and payback period of 14 months.
Ongoing focus on operational excellence, commercial delivery, balance sheet discipline, and exploration.
Exploration aims to extend mine life and discover new deposits, with a 1,107km² landholding in the Northern Cobar Basin.
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