Polymetals Resources Ltd. · ASX:POL
Polymetals Resources — Investor Presentation (April 2023)
13 slides from Polymetals Resources's investor presentation, Apr 19, 2023
Slide 1: Acquisition and Advancement of the Endeavor Silver-Zinc-Lead Mine
Acquisition and Advancement of the Endeavor Silver - Zinc - Lead Mine Investor Presentation - April 2023 ASX: POL Endeavor Mine March 2023
Slide 2: Important Notices and Disclaimer
Important Notices and Disclaimer Disclaimer The purpose of this presentation is to provide background information to assist readers in obtaining a general understanding of Polymetals Resources Ltd (ASX: POL, “Polymetals” or the “Company”) and its objectives. This presentation is not a disclosure doc
Slide 3: Summary
Summary • The Endeavor Mine is operationally ready and provides excellent potential to re-establish long-term production of silver – zinc – lead as well as gold. • Significant asset portfolio independently valued +$150 million1 including; underground mine, processing facility infrastructure and Coba
Slide 4: The Opportunity
The Opportunity 1. Acquisition of a significant mining asset portfolio for 7% of its $150M independent valuation1 2. Renegotiation of the existing 100% silver streaming royalty to a 4% Ag-Zn-Pb NSR facilitated negotiations for mine acquisition. 3. Significant remaining Measured and Indicated Resourc
Slide 5: The Asset
The Asset Endeavor Mine 38-year operational history in one of Australia's most prolific polymetallic regions, Cobar, NSW Location • Cobar Basin, 40km north of Cobar NSW Australia History • Discovered in 1974, production commenced in 1982 and placed on Care and Maintenance 2019 • Mined & Processed 32
Slide 6: The Deal
The Deal Terms Asset Portfolio Value Creation • Acquisition of Cobar Fully equipped Mine, Process Plant, Infrastructure and • Reset of project economics Metals via 100% purchase Housing through silver royalty restructure. of Orana Minerals1. • Tenements: 5 Mining Leases (41km2), 3 Exploration Licenc
Slide 7: The Royalty Restructure: Pre-requisite to Mine Acquisition
The Royalty Restructure: Pre-requisite to Mine Acquisition An immediate unlocking of +25% in project economics • Mine acquisition negotiations with CBH commenced following agreement with royalty owner, Metalla Royalty and Streaming Ltd (Metalla), to replace its 100% silver streaming royalty over the
Slide 8: Phase 1 Drilling – completed March 2023
Phase 1 Drilling – completed March 2023 21 RC Drill holes (assays for 15 holes awaited as at 16/04/2023) Intercept ZnEq Hole ID Au g/t Ag g/t Zn% Pb% Cu% (m) (%) MET_1LS_1 81 1.15 473 7.4 5.5 0.11 19.5% including 8 2.21 931 6.2 12.2 0.18 32.6% PNL001 52 0.65 343 5.7 4.6 0.12 14.6% including 2 0.64 2
Slide 9: Project Peer Comparison
Project Peer Comparison Australian Base Metal Mining Projects MARCH 2022 Metals Acquisition Corp announced acquisition of CSA Mine for US$1.1Bn + 1.5% Cu NSR Comparison of un-depleted JORC resources expressed as gold equivalent (Source: Aurelia Metals (ASX: AMI) presentation – 30 March 2022) The sil
Slide 10: The Regional Opportunity
The Regional Opportunity Walk-up: Sparsely or Untested targets Numerous regional historic Pb, Zn, Cu, Ag and Au anomalies to be validated by low-cost exploration1. Many prospects have not been followed-up with modern exploration. Priority Prospects: 1. Kiri: Cu-Zn - discovered 1983 (geochemical soil
Slide 11: The Future
The Future • Establish sufficient Ore Reserves to support recommencement of operations; • Assumed lead time 18-24 months targeting initial 5-year mine life. • Initial development focus on North Lode, 6-6 Stope and Deep Zinc Lodes. • Addition of leach circuit to existing processing plant to recover f
Slide 12: JORC (2012) Compliant - Endeavor Mineral Resources
JORC (2012) Compliant - Endeavor Mineral Resources Endeavor Mine JORC Mineral Resource Estimate – ‘Groundworks Plus 2023 Independent Endeavor Mine Resource Report’1 2023 Endeavor Mine JORC Resources (NSR cut-off values of $190/t for mineralisation above 10,080mRL, and $150/t for mineralisation below
Slide 13: Acquisition of the Endeavor Silver–Zinc–Lead Mine
Acquisition of the Endeavor Silver – Zinc - Lead Mine Transformational Opportunity with Long-Term Growth from Ownership of Operationally ready Silver-Zinc-Lead Mine within the Cobar Basin, Australia ASX: POL
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