Polymetals Resources Ltd. · ASX:POL
Polymetals Resources — London Metal Exchange Week 2024
24 slides from Polymetals Resources's conference presentation, Oct 2, 2024
Slide 1: London Metal Exchange Week - Presentation (ASX Announcement)
ASX: POL ASX Announcement 2 October 2024 LONDON METAL EXCHANGE WEEK - PRESENTATION Polymetals Resources Ltd (ASX: POL) (Polymetals) is attending the 2024 London Metal Exchange Week (LME Week) in London. The Chairman is presenting to various metal traders, smelters and investors. The presentation mat
Slide 2: Australia's Endeavor Mine: next silver and zinc producer
Australia’s Endeavor Mine For personal use only Cobar, New South Wales next silver and zinc producer. London Metal Exchange Week October 2024 ASX: POL polymetals.com
Slide 3: Disclaimer
Disclaimer. Australia’s Next Silver and Zinc Producer This investor presentation has been prepared by Polymetals Resources Limited (“Polymetals” or the “Company”). By attending an For personal use only investor presentation or briefing, or accepting, accessing or reviewing this presentation, you ack
Slide 4: Australia's next silver and zinc producer
Australia’s next silver Australia’s Next Silver and Zinc and zinc producer. Producer For personal use only Footprint Resource1 Production2 Revenue2 $ 1,107km2 16.3Mt 10.6Moz A$1.9b Exploration licences x 3 in UG Mineral Resource Payable Silver LOM Revenue prolific Cobar Basin 41.1Moz Silver, 1.3Mt Z
Slide 5: Investment highlights
Investment highlights. Australia’s Next Silver and Zinc Producer 01 02 03 04 For personal use only Endeavor Mine restart Strong financial metrics Potential to build +20- Board and management is fully funded and on for initial 10-year mine year operation in the have invested A$8 million track to deli
Slide 6: Endeavor Mine on track for first production April 2025
Endeavor Mine is on track to Australia’s Next deliver first production in April 2025, and first cash Silver and Zinc Producer SECTION - flows in May 2025. 01 For personal use only Endeavor Mine will deliver first Endeavor Mine restart is fully funded with cash in May 2025 US$20 million loan facility
Slide 7: Endeavor Mine will deliver first cash in May 2025
+$150m worth of Water Australia’s Next Silver and Zinc infrastructure in place.1 Secure water supply via a pipeline from Cobar. Producer SECTION - 01 Grid Power For personal use only 12.5 MW / 132 kV, sub- station owned and maintained by Essential Endeavor Mine Mine Headframe Energy. will deliver fi
Slide 8: Polymetals is delivering on its targets
Polymetals is delivering Australia’s Next Silver and Zinc on its targets. Producer SECTION - Completed Milestones Current and Future Milestones 01 For personal use only Due diligence drilling – high grade silver zinc UNL Mine restart activities Sept 2024 – April 2025 Endeavor Mine will deliver first
Slide 9: Endeavor Mine has an initial 10-year mine life
Endeavor Mine has an initial Australia’s Next Silver and Zinc 10-year mine life. Producer SECTION - Production Upper main lode Deep zinc lode Concentrate Production Zinc 01 For personal use only Tonnes per annum Main ore body Sector 1 tailings Dry metric tonnes per annum Silver-lead Endeavor Mine 1,
Slide 10: A$1.85b in revenue to be generated over first years
A$1.85b in revenue to be Australia’s Next Silver and Zinc generated over first 10 years . 1 Producer SECTION - Payable Zinc Payable Lead Payable Silver 02 For personal use only 260,000t 90,000t 10.6Moz US$2,860/t | A$4,418/t US$2,160/t | A$3,224/t US$28/oz | A$41.9/oz Endeavor Mine has strong financ
Slide 11: Silver royalty reset to 4% net smelter royalty
Prohibitive 100% silver Australia’s Next royalty has been reset to a 4% Ag, Zn and Pb net Silver and Zinc Producer SECTION - smelter royalty. 02 For personal use only Endeavor Mine has strong After restructuring silver royalties to reset 1974 Elura deposit discovered (now Endeavor). financial metric
Slide 12: A$609 million in free cash flow over first years
A$609 million in free cash Australia’s Next Silver and Zinc flow over first 10 years. Producer SECTION - Earnings Forecast CAPEX Revenue 02 For personal use only A$million OPEX Cum. net cash flow Endeavor Mine 600 has strong financial metrics. 500 400 300 200 100 0 FY25 FY26 FY27 FY28 FY29 FY30 FY31
Slide 13: A long-life +20-year asset in a prolific mining district
A long-life +20-year asset Australia’s Next in one of Australia’s most prolific mining districts. Silver and Zinc Producer SECTION - 03 For personal use only Largest known ore body within Cobar Basin. Potential to build Pre-development +10.5Moz Au equivalent. +20-year mining operation. Mineral Resou
Slide 14: Cobar Basin is a prolific mining district
Cobar Basin is a Major polymetallic (base and precious metals) ore bodies with short strike length and deep depth Australia’s Next Silver and Zinc prolific mining district. persistence cluster throughout the basin. Producer SECTION - 03 For personal use only Potential to build +20-year mining operat
Slide 15: Bonanza supergene can occur above sulphide lenses
Bonanza supergene can Endeavor Supergene 100kt mined contained 16Moz Silver + 30koz Gold Australia’s Next Silver and Zinc occur above sulphide lenses. Producer SECTION - Peak Mine CSA Mine 03 Endeavor Mine For personal use only Aurelia Metals Metals Acquisition Limited Polymetals 45km south of Endea
Slide 16: Major in-mine ore reserve growth potential
Major in-mine ore reserve Australia’s Next Silver and Zinc growth potential. Producer SECTION - Upper North Lode 03 For personal use only Contains high-grade metal1: Potential to build • 2,799g/t silver, 13.3% Zinc, 22.7% Lead +20-year mining operation. • 34% Mineral Resource/Ore Reserve conversion
Slide 17: Priority Carpark prospect neighbours existing mine
Priority Carpark Prospective for silver, zinc and lead. Australia’s Next prospect neighbours existing mine. Silver and Zinc Producer SECTION - 03 For personal use only December 2023 drilling Potential to build +20-year mining confirmed prospectivity of operation. geophysical and geochemical anomaly
Slide 18: More prospects in close proximity to Endeavor Mine
More prospects in close Australia’s Next Silver and Zinc proximity to Endeavor Mine. Producer SECTION - Exploration activities focused on delivering 03 For personal use only new economic copper, gold, and silver-zinc- Potential to build lead deposits. +20-year mining operation. Metal endowment of th
Slide 19: Significant potential for discovery of Cobar style copper deposits
Significant potential for the Australia’s Next discovery of Cobar style copper deposits. Silver and Zinc Producer SECTION - 03 For personal use only Potential to build C1-C4 targets identified in December 2023 +20-year mining operation. have copper anomalism up to six times greater than background.
Slide 20: Leadership who knows the lay of the land
Leadership who knows Board and management have invested A$8 Australia’s Next the lay of the land. million and have over 30 years mining Silver and Zinc Producer experience in the Cobar Basin. SECTION - 04 For personal use only Highly experienced Board and management. David Sproule Alistair Barton Je
Slide 21: Corporate Snapshot
Corporate Snapshot. Australia’s Next Silver and Zinc Producer Share price Market capitalisation Shares on issue Cash Options Debt For personal use only A$0.31 A$62.31m 194.8m A$7.8m Nil Nil As at 25 September 2024 As at 25 September 2024 As at 25 September 2024 As at 30 June 2024 52 week high $0.45,
Slide 22: Near-term value creation activities
Near-term value Australia’s Next Silver and Zinc creation activities. Producer 01 02 03 04 For personal use only Mine restart. Processing plant Resource/Reserves Near mine drilling and upgrades. upgrade. regional exploration. • First production in April 2025, and • Addition of leach circuit to recov
Slide 23: Connect with us
Polymetals Ltd Unit 1, 101 Main Street ABN 76 075 103 221 Alstonville New South Wales 2477 ASX:POL Australia Connect For personal use only with us. Linden Sproule Corporate Development eNews linden.sproule@polymetals.com Join the conversation Follow us Subscribe to our e-news: +61 2 3212 6299 www.x.
Slide 24: Appendix 1: Endeavor Mine Resources
Appendix 1. Australia’s Next Silver and Zinc Endeavor Mine Resources Producer For personal use only 1 Refer ASX announcement 1 “Endeavor Near Surface Resource 94% Measured & Indicated” dated 23rd May 2023 2 Refer ASX announcement “Endeavor Silver Lead Zinc Mine Restart Study completed” dated 16th Oc
Polymetals Resources — London Metal Exchange Week 2024 on 6ix