Polymetals Resources Ltd. · ASX:POL
Polymetals Resources — Diggers and Dealers 2025
21 slides from Polymetals Resources's conference presentation, Aug 6, 2025
Slide 1: An Australian silver and zinc producer
An Australian silver Diggers and Dealers 6 August 2025 ASX: POL polymetals.com and zinc producer For personal use only Australia’s New Silver and Zinc Producer ASX: POL | 1
Slide 2: Polymetals is an Australian precious & base metals company
Polymetals is an Australian precious & base metals company • Hands-on development and operations For personal use only • East Coast domiciled – 30 years in Cobar Basin • Cost efficient & productive - core team have worked together for decades • Committed – Board and management hold ~35% (invested +$
Slide 3: The past year – acquired, financed, developed, cashflow
The past year – acquired, financed, developed, cashflow… August 2024 September 2024 November 2024 May, June & July 2025 For personal use only Acquired the Endeavor Secured project Redevelopment began Mining production, mill Silver Zinc Mine finance and secured owner- commissioning & operator mining
Slide 4: Endeavor Silver Zinc Mine, Cobar Basin, NSW Australia
Endeavor Silver Zinc Mine Cobar Basin, NSW Australia Cobar Basin For personal use only • 155 years of underground mining. • Five active copper, gold, silver and zinc operations. Endeavor Silver Zinc Mine • Largest known orebody in the Cobar basin. • Discovered in 1974, Commissioned 1982, Operational
Slide 5: Established asset with infrastructure built to last
Established asset with infrastructure built to last Fully approved and permitted For personal use only 1.2Mtpa processing capacity Underground mine with shaft and decline access. Water pipeline, grid power, sealed road and railway. 42 houses, four apartment complexes, 30km2 ML’s, 1,100km2 EL’s and 6
Slide 6: Proven producer with multi-decade future
Proven producer with multi-decade future 32Mt of ore mined producing: For personal use only Silver Zinc Lead 92Moz 2.6Mt 1.6Mt 16Mt of remaining Mineral Resources containing: Silver Zinc Lead 44Moz 1.3Mt 0.73Mt An Australian Silver and Zinc Producer ASX: POL | 6
Slide 7: Initial 10-year mine plan focused on early silver cashflow
Initial 10-year mine plan focused on early silver cashflow (400g/t Silver Reserve) First 2 years: 5Moz Silver - $250m EBITDA For personal use only Contained Zinc Contained Lead Contained Silver 400,000t 172,000t 21.4Moz US$2,860/t | A$4,418/t US$2,160/t | A$3,224/t US$28/oz | A$41.9/oz Total Revenue
Slide 8: Upper North Lode
Upper North Lode Early high-grade silver cashflow (Level 1-2 Sulphides) with upside on tonnes and grade Opportunity Published Resources & Reserves For personal use only • Historic reserve ‘undercall’ in adjacent South Lode Resource (94% M&I) Ore Reserve which led to mining 100kt @ 5,000g/t, 9g/t Au,
Slide 9: Endeavor Silver Zinc Mine May 2025
Endeavor May 2025 Silver Zinc Mine For personal use only An Australian Silver and Zinc Producer ASX: POL | 9
Slide 10: Production drilling and underground crusher
Production drilling Underground crusher in operation June 2025 June 2025 For personal use only An Australian Silver and Zinc Producer ASX: POL | 10
Slide 11: Ore feed, zinc flotation and ore stockpile
Ore feed Zinc flotation June 2025 June 2025 For personal use only Ore stockpile June 2025 An Australian Silver and Zinc Producer ASX: POL | 11
Slide 12: First zinc concentrate and silver-lead flotation
First zinc concentrate Silver-lead flotation June 2025 June 2025 For personal use only Concentrate stockpiles June 2025 An Australian Silver and Zinc Producer ASX: POL | 12
Slide 13: Endeavor production ramp-up and cashflow milestone
Endeavor production ramp-up and cashflow milestone Production ramp-up progress Cashflow and financial Position For personal use only • Endeavor Mine now meeting its operating costs • Concentrate prepayments for July 2025 total after its first full month of production. $11.6 million. • Ore stockpiles
Slide 14: Southern extension drilling
Southern extension June 2025 drilling For personal use only An Australian Silver and Zinc Producer ASX: POL | 14
Slide 15: Exploration and reserve expansion
$7.5m annual Aim to extend mine life and exploration budget discover new deposits Exploration Reserve Expansion For personal use only Find and delineate “Fill the mill and economic mineral deposits. increase mine life” An Australian Silver and Zinc Producer ASX: POL | 15
Slide 16: Polymetals owns 100% of the Northern Cobar Basin
Polymetals owns 100% of the Northern Cobar Basin – 70 km strike • Large tenement holding of 1,107km2 exploration licences. For personal use only • Regional scale exploration and target generation with potential for the discovery of new Cobar style deposits; polymetallic copper-gold and silver-zinc.
Slide 17: Proven asset, infrastructure and resources of scale
Proven asset, infrastructure Plus real exploration opportunity in the and resources of scale. hands of an effective management team. 01 02 03 04 For personal use only Return Endeavor Optimise Existing Grow Mine Life and Generate Sustainable to Production Assets Scale Business • Production commenced
Slide 18: Corporate performance and analyst coverage
Corporate performance Analyst Coverage Paul Kaner – Ord Minnett ASX:POL Richard Close – Blue Ocean Equities Share price Market capitalisation Shares on issue Cash Drawn Debt Available Finance For personal use only A$0.78 A$210m 268m A$22m A$14m A$7m As at 5 August 2025 As at 5 August 2025 As at 5 Au
Slide 19: Contact details
Polymetals Ltd ABN Unit 1, 101 Main Street Alstonville 76 075 103 221 New South Wales 2477 Australia ASX:POL ASX: POL For personal use only Linden Sproule Corporate Development eNews linden.sproule@polymetals.com Join the conversation Follow us Subscribe to our e-news: www.x.com/polymetals www.linke
Slide 20: Disclaimer
Disclaimer This investor presentation has been prepared by Polymetals Resources Limited (“Polymetals” or the “Company”). By Competent Persons Statement attending an investor presentation or briefing, or accepting, accessing or reviewing this presentation, you The information supplied in this release
Slide 21: Appendix A: JORC Mineral Resource and Ore Reserve
Appendix A. 1 Refer ASX announcement “Endeavor Near Surface Resource 94% Measured & Indicated” dated 23rd May 2023 JORC (2012) Mineral Resource 2 Refer ASX announcement “Endeavor Silver Lead Zinc Mine Restart Study & Ore Reserve completed” dated 16th October 2023 For personal use only Underground JO