Polymetals Resources (POL) Investor Presentation summary

Strategic overview and leadership

• Positioned to become a leading silver and zinc producer with the Endeavor Mine in Cobar, NSW, targeting first production in April 2025 and initial cash flows by May–June 2025.

• Board and management have over 30 years of mining experience in the Cobar Basin and have invested A$9.5 million personally.

• Leadership team includes experienced executives with backgrounds in mine development, exploration, and financial management.

Financial position and funding

• Market capitalisation of A$173 million as of January 2025, with a share price of A$0.85 and A$5.5 million in cash.

• Fully funded mine restart with a US$20 million facility secured and A$25.5 million available finance.

• A$35 million institutional placement and up to A$3.2 million share purchase plan to accelerate exploration and strengthen the balance sheet.

• Payback period of 14 months from first cash flow, supported by A$200 million in existing infrastructure.

Project execution and infrastructure

• Endeavor Mine features a fully equipped underground operation, 1.2 MTPA processing plant, secure water supply, grid power, and extensive real estate assets.

• Project milestones include mine acquisition (Aug 2024), finance completion (Oct 2024), mine restart (Nov 2024), and first ore production (Apr 2025).

• Strategic offtake agreements in place, with a blended pricing structure and no mandatory hedging.