Polymetals Resources Ltd. · ASX:POL
Polymetals Resources — Ord Minnett Mining Conference 2025
17 slides from Polymetals Resources's conference presentation, Mar 20, 2025
Slide 1: Making Endeavor Great Again
Making Endeavor Great Again Ord Minnett Mining Conference - March 2025 ASX: POL
Slide 2: Polymetals, 'many' metals, precious & base metals
Polymetals, ‘many’ metals, precious & base metals • Hands-on development & operations • East Coast domiciled with 30-yrs in Cobar • Cost efficient & productive - core team working together for decades • Committed – Board and management hold ~35%, invested +$10 million
Slide 3: The past seven months have been defining for Polymetals
The past seven months have been defining for Polymetals... August 2024 September 2024 November 2024 May & June 2025 Acquired the Endeavor Secured project Redevelopment began Mining production, mill Silver Zinc Mine finance for 100% of and secured owner- commissioning & restart Capex operator mining
Slide 4: Endeavor Silver Zinc Mine, Cobar Basin, NSW Australia
Endeavor Silver Zinc Mine Cobar Basin, NSW Australia Cobar Basin • 155 years of underground mining. • Five active copper, gold, silver and zinc operations. Endeavor Silver Zinc Mine • Largest orebody in Cobar basin. • Discovered in 1974, built in 1982 operated for 38-years. • Shut down in December 2
Slide 5: Established asset with infrastructure built to last
Established asset with infrastructure built to last Fully approved and permitted 1.2Mtpa processing capacity Underground mine with shaft and decline access. Water pipeline, grid power, sealed road, railway transport. 42 Houses, four large apartment complexes, and pastoral land. Australia’s Next Silv
Slide 6: Proven producer with multi-decade future
Proven producer with multi-decade future 32mt ore mined and processed • 92Moz Silver • 2.6mt Zinc • 1.6mt Lead 16mt of remaining Mineral Resources • 44Moz Silver • 1.3mt Zinc • 730kt Lead Australia’s Next Silver and Zinc Producer Rehabilitation at high-grade silver Upper ASX: North POL | Lode 6
Slide 7: Initial 10-year mine plan focused on strong early cashflow
Initial 10-year mine plan focused on strong early cashflow First 2 years: $250m EBITDA = ~$200m NPAT Payable Zinc Payable Lead Payable Silver 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 Total Revenue Pre-tax Free Cashflow Pre-tax NPV @ 8% discount A$1.
Slide 8: We are hands on, capital efficient and innovative
“We are hands on, capital efficient and innovative. ” Dave Sproule, Chairman Endeavor processing plant – March 2025
Slide 9: Shaft maintenance and compliance work
Shaft maintenance and compliance work Drilling first production stope First ore stockpiled ready to haul Rail line checks for con. transport Australia’s Next Silver and Zinc Producer ASX: POL | 9
Slide 10: Southern extension drilling – March 2025
Southern extension drilling – 19 March 2025
Slide 11: Committed to extending mine life with exploration investment
We are committed to extending our mine life and see great value within our portfolio - minimum +$7.5m annual exploration investment 01 Exploration 02 Reserve Expansion “Find and delineate economic mineral deposits” “Fill the mill and increase mine life” Australia’s Next Silver and Zinc Producer ASX:
Slide 12: Polymetals controls 100% of the Northern Basin, 70km strike
Polymetals controls 100% of the Northern Basin, 70km strike • 1,107km2 Exploration licences. • Large scale exploration and target generation with potential for the discovery of new large Cobar style deposits. Copper-Gold, Silver-Zinc. • Excellent opportunity to define and monetise smaller satellite
Slide 13: Corporate performance ASX:POL
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 A$0.83 A$199.1m 241.4m *A$5.5m A$13.4m A$25.5m As at 17 March 2025 As at 17 March 2025 As at 17 March 2025 A
Slide 14: Proven asset, infrastructure & resources of scale
Proven asset, infrastructure & resources of scale, real exploration opportunity in the hands of an aligned and effective management team. 01 02 03 04 Return Endeavor Optimise Existing Grow with Life and Generate Sustainable to Production Assets Scale Business • Project on time and on • Invest in exi
Slide 15: ASX: POL
Polymetals Ltd ABN Unit 1, 101 Main Street Alstonville 76 075 103 221 New South Wales 2477 Australia ASX:POL ASX: POL Linden Sproule Corporate Development eNews linden.sproule@polymetals.com Join the conversation Follow us Subscribe to our e-news: www.x.com/polymetals www.linkedin.com/company/ polym
Slide 16: 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 17: Appendix A. JORC (2012) Mineral Resource & 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 completed” dated 16th October 2023 & Ore Reserve Underground JORC (2012) Mineral Reso
Polymetals Resources — Ord Minnett Mining Conference 2025 on 6ix