Polymetals Resources (POL) Investor Presentation summary

Strategic focus and management

• Focus on precious and base metals with hands-on development and operations approach.

• Core team has decades of experience, especially in the Cobar region.

• Board and management hold a significant stake, investing over $10 million and owning about 35%.

Endeavor mine acquisition and restart

• Acquired Endeavor Silver Zinc Mine in August 2024, with redevelopment starting in November 2024.

• Secured project finance for 100% of restart Capex by September 2024.

• Mining production, mill commissioning, and cashflow targeted for May and June 2025.

• Largest orebody in the Cobar basin, previously shut due to high royalty, now reset to 4% NSR.

Asset scale, infrastructure, and resources

• Fully approved and permitted underground mine with 1.2Mtpa processing capacity.

• Extensive infrastructure includes water, power, road, rail, and residential facilities.

• 32Mt ore mined historically, producing 92Moz silver, 2.6Mt zinc, and 1.6Mt lead.

• Remaining resources: 44Moz silver, 1.3Mt zinc, 730kt lead.