Polymetals Resources Ltd. · ASX:POL
Polymetals Resources — Noosa Mining Conference 2023
17 slides from Polymetals Resources's conference presentation, Nov 14, 2023
Slide 1: Endeavor Mine Silver-Zinc-Lead
ENDEAVOR MINE SILVER-ZINC-LEAD Noosa Mining Conference November 2023 ASX: POL
Slide 2: Disclaimer
DISCLAIMER This investor presentation has been prepared by Polymetals Resources Limited FINANCIAL INFORMATION DISCLAIMER (“Polymetals” or the “Company”). By attending an investor presentation or All financial information set out in this presentation is expressed in briefing, or accepting, accessing
Slide 3: Endeavor – Silver Zinc Lead Mine
ENDEAVOR – SILVER ZINC LEAD MINE • Polymetals cornerstone asset • Largest known ore body within Cobar Basin (pre-development +10.5Moz Au equivalent) • 32.0Mt mined over 38-years containing 91.8Moz Silver, 2.6Mt Zinc and 1.6Mt Lead • 16.3Mt remaining underground JORC resources1 @ 8.0% Zn, 4.5% Pb and
Slide 4: Endeavor – History & Production Profile
ENDEAVOR – HISTORY & PRODUCTION PROFILE Pb/Zn tonnes 1974 Electrolytic Zinc discovery of Elura (now Endeavor) 160,000 100% Silver Streaming Royalty 1976 Maiden Resource 27Mt @ 8.3% Zn, 5.6% Pb, 140 g/t Ag 140,000 1982 Production commenced by owner Pasminco 120,000 Chairman David Sproule retreated Le
Slide 5: Endeavor – Established Infrastructure
5 ENDEAVOR – ESTABLISHED INFRASTRUCTURE (Current value $150M) Location 40km North-West of Cobar, central NSW Tenements 5 Mining Leases (30km2), 3 Exploration Licences (1,100km2) Mineral 45.4Moz Silver, 1.4Mt Zinc, 0.82Mt Lead in 21.5Mt of Resources resources Ore Reserve 14.1Moz Silver, 224.6kt Zinc,
Slide 6: Polymetals – Investment Summary
POLYMETALS – INVESTMENT SUMMARY Endeavor Mine is in a pro-mining jurisdiction Mine is Fully Permitted & Operationally ready with all Infrastructure in place Stage 1: 10-Years, $323M free cashflow & 91% IRR3 Producing Silver, Zinc & Lead Concentrates H2 2024 Project Expansion via Exploration & hydrom
Slide 7: Three Stage Value Creation Strategy
THREE STAGE VALUE CREATION STRATEGY Polymetals plans to be a significant silver, zinc & lead producer, unlocking critical metals in New South Wales, Australia. 1 2 3 Mine Restart Extend Project Life Organic Growth Establish a cashflow business Optimise existing mine plan Downstream processing and pr
Slide 8: Strategy Execution - Building a Long-Term Business
STRATEGY EXECUTION - BUILDING A LONG-TERM BUSINESS ✓ STAGE 1: MINE RESTART • Cashflow generated from low-risk Ore Reserves • Funding: US$10M pre-payment facility in place • Project financing facility A$50M well advanced • Cashflow to fund exploration & growth ✓ STAGE 2: EXTEND PROJECT LIFE • Extend
Slide 9: Stage 1 Mine Restart: 10-Year Life
STAGE 1 MINE RESTART: 10-YEAR LIFE Project Highlight Study Outcome1 Study verses Spot Comparison Life of Mine Revenue A$1,412 million Spot Price Study vs Variable Restart Study (10/11/2023) Spot Life of Mine OPEX A$934 million Zinc US$2,750/t US$2,560/t + 7.4% Life of Mine EBITDA A$400 million Silve
Slide 10: Stage 2 Extend Project Life: In-Mine
STAGE 2 EXTEND PROJECT LIFE: IN-MINE • North-Western Lodes Extension • Drill intercepts indicate potential mineralisation • Drilling required to define potential resources • Deep Zinc Lodes (DZL) discovered in 2016 • Current Ore Reserve 1.73Mt @ 8.7% Zinc, 46.4 g/t Silver & 0.8% Lead NW • DZL open a
Slide 11: Stage 2 Extend Project Life: Near-Mine
11 STAGE 2 EXTEND PROJECT LIFE : NEAR-MINE Poon Boon • 5 Targets: • Panda • Garman • Poon Boon • Southern Extension Endeavor • Bengaccah Garman • Panda identified from Sandfire drill hole 20CES001 which Panda intersected 6m @ 3.61% Pb, 31.4 g/t Ag from 90m downhole Bengaccah Southern Extension • Rec
Slide 12: Stage 3 Organic Growth: Discovery
12 STAGE 3 ORGANIC GROWTH: DISCOVERY • 1,100km2 Exploration Licences extending over 80km strike of the northern Cobar Basin • Exploration activities focused on delivering new economic deposits • Metal endowment of the Cobar Basin increases towards the north: (Mineral Deposits – Pre-mining)5 • Endeav
Slide 13: On Track for Cashflow
ON TRACK FOR CASHFLOW In-Mine Extension Drilling (H1 2024) Start Mine Advancing Refurbishment Regional Finalise Rehabilitation Works Exploration Bond Arrangements (H2 2024) Commissioning & metal production Advance Near-Mine Close Exploration Redevelopment Finance 13
Slide 14: Capability to Deliver
CAPABILITY TO DELIVER Established infrastructure and long operational history lowers restart risk Restart Plan conservatively costed and financially robust Long history with asset and operating within the Cobar Basin Key positions identified; strong employment interest, local community & state suppo
Slide 15: ASX: POL
ASX: POL Investor Enquiries: Linden Sproule linden.sproule@polymetals.com www.Polymetals.com
Slide 16: Endeavor – JORC (2012) Mineral Resources
Appendix 1 ENDEAVOR – JORC (2012) MINERAL RESOURCES Underground JORC (2012) Mineral Resource1 JORC Category Mt Zinc % Lead % Silver g/t Zinc Mt Lead Mt Silver Moz Measured 4.4 8.3% 5.1% 93 0.37 0.22 13.2 Indicated 8.8 7.9% 4.6% 82 0.70 0.40 23.2 Inferred 3.1 7.7% 3.7% 78 0.24 0.11 7.8 Total 16.3 8.0
Slide 17: Endeavor – JORC (2012) Ore Reserves
Appendix 2 ENDEAVOR – JORC (2012) ORE RESERVES Mine Restart Study JORC (2012) Ore Reserves1 Category Source Mt Zinc (%) Lead (%) Silver (g/t) Proved Underground 0.49 6.11 3.90 132 Underground 1.7 7.17 1.64 60 Probable Sector 1 Tailings 3.4 2.14 1.56 80 Total Proved and Probable 5.6 4.04 1.79 78 Rese