Polymetals Resources Ltd. · ASX:POL
Polymetals Resources — Investor Presentation (February 2025)
29 slides from Polymetals Resources's investor presentation, Feb 13, 2025
Slide 1: Building Endeavor Mine Momentum
Building Endeavor Mine For personal use only Cobar, New South Wales momentum. Delivering on production Driving exploration growth Investor Presentation - Amended February 2025 ASX: POL polymetals.com
Slide 2: 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 3: Leadership who knows the lay of the land
Leadership who knows Board and management have invested Australia’s Next the lay of the land. A$9.5 million and have over 30 years Silver and Zinc Producer mining experience in the Cobar Basin. For personal use only David Sproule Alistair Barton Jess Oram Matthew Gill Linden Sproule John Haley Execu
Slide 4: Corporate Snapshot
Corporate Snapshot. Australia’s Next Silver and Zinc Producer Share price Market capitalisation Shares on issue Cash Drawn Debt Available Finance For personal use only A$0.85 A$173m 197.6m A$5.5m A$13.4m A$25.5m As at 30 January 2025 As at 30 January 2025 As at 30 January 2025 As at 31 December 2024
Slide 5: Executive Summary: first production April 2025
Endeavor Mine is on track to deliver Australia’s Next Silver and Zinc Producer SECTION - 01 first production in For personal use only Executive April 2025, and first cash flows in Summary May 2025. 5
Slide 6: Executive Summary
~A$35m institutional placement Funds will also provide additional working to accelerate near-mine and capital as Endeavor transitions into Australia’s Next Silver and Zinc regional exploration. zinc/silver production. Producer SECTION - 01 For personal use only Fully funded mine restart Strategic in
Slide 7: Positioned for growth
Positioned for growth. Polymetals has scale, resources, and financial strength. Australia’s Next Silver and Zinc Producer Cash Flow2 SECTION - Footprint Resource1 Financial Production2 01 For personal use only Strength and Value Executive $ Summary Existing infrastructure accelerates execution and e
Slide 8: Path to production and cash flow
Path to production Australia’s Next Silver and Zinc and cash flow. Producer SECTION - 01 For personal use only Executive August 2024 October 2024 April 2025 Summary Mine acquisition Project finance First ore completed completed production & mill commissioning 2024 2025 August 2024 November 2024 Dece
Slide 9: Funding secured and offtake agreements in place
Funding secured and offtake Mine restart funding has been secured, allowing ongoing project work with the Australia’s Next Silver and Zinc agreements in place. target of delivering project cashflow Producer during H1 2025. SECTION - 01 For personal use only • US$20M (~A$30M) facility secured – fully
Slide 10: +$200m worth of infrastructure in place
+$200m worth of Australia’s Next Silver and Zinc Producer infrastructure in place. 1 Water Secure water supply via a pipeline from Cobar. SECTION - 01 For personal use only Grid Power Sub-station owned and maintained by Essential Executive Mine Headframe Energy. Summary Fully equipped underground mi
Slide 11: Equity Raising Summary
Australia’s Next Equity Raising Summary Silver and Zinc Producer SECTION - 02 For personal use only • Polymetals is conducting the Offer to raise approximately A$38.2 million (before costs), comprising: • A placement to raise A$35.0 million via the issue of approximately 43.8 million fully paid ordi
Slide 12: Sources and Uses of Funds
Sources and Uses of Funds Australia’s Next Silver and Zinc Placement proceeds to accelerate near-mine and regional exploration as well as strengthen the balance sheet as Producer Polymetals transitions to first production at Endeavor SECTION - 02 For personal use only Sources of funds1 A$m Equity ra
Slide 13: Indicative Equity Raising Timetable
Australia’s Next Silver and Zinc Indicative Equity Raising Timetable1 Producer SECTION - 02 For personal use only Event Date (AEDT) Equity Raising Trading Halt Thursday, 6 February 2025 Overview Record date for eligibility to participate in SPP 7:00pm, Friday, 7 February 2025 Trading half lifted and
Slide 14: Endeavor Initial Mine Plan
Australia’s Next Silver and Zinc 03 Producer Endeavor Initial For personal use only Mine Plan 14
Slide 15: A$1.85b in revenue to be generated
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 03 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 Initial Mine Plan Tota
Slide 16: Silver royalty reset and Endeavor history
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. 03 For personal use only Endeavor Initial Mine Plan After restructuring silver royalties to reset 1974 Elura deposit discovered (now Endeavor). project econom
Slide 17: A$609 million in free cash flow
A$609 million in free cash Australia’s Next Silver and Zinc flow over first 10 years. Producer SECTION - Earnings Forecast CAPEX Revenue 03 For personal use only A$million OPEX Cum. net cash flow Endeavor Initial 600 Mine Plan 500 400 300 200 100 0 FY25 FY26 FY27 FY28 FY29 FY30 FY31 FY32 FY33 FY34 F
Slide 18: Exploration Opportunity
Australia’s Next Silver and Zinc 04 Producer Exploration For personal use only Opportunity 18
Slide 19: Endeavor has potential to be a multi-decade operation
Endeavor has the potential to be a Australia’s Next Silver and Zinc Producer SECTION - 04 multi-decade For personal use only Exploration Opportunity operation. Advanced priority targets north and south of Endeavor offer major regional upside. 19
Slide 20: A long-life +20-year asset
A long-life +20-year asset Australia’s Next in one of Australia’s most prolific mining districts. Silver and Zinc Producer SECTION - 04 For personal use only Largest known ore body within Cobar Basin. Exploration Opportunity Pre-development +10.5Moz Au equivalent. Mineral Resources1 August 2024 16.3
Slide 21: 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 04 For personal use only Contains high-grade metal1: Exploration • 2,799g/t Ag, 13.3% Zn, 22.7% Pb & 13.9 g/t Au Opportunity • 34% Mineral Resource/Ore Reserve conversion • Recent drillin
Slide 22: Near-term value creation activities
Near-term value Australia’s Next Silver and Zinc creation activities. Producer 01 02 03 04 SECTION - 05 For personal use only Mine restart. Processing Resource/Reserve Near mine drilling and Corporate Overview Opportunities. upgrades. regional exploration. • First production in April 2025 • Addition
Slide 23: Appendices
Appendices Australia’s Next Silver and Zinc Producer For personal use only 23
Slide 24: Appendix A. Endeavor Mineral Resource
Appendix A. Australia’s Next Silver and Zinc Endeavor Mineral Resource Producer Underground JORC (2012) Mineral Resource Stage 1 Endeavor Mine Plan JORC (2012) Ore Reserve For personal use only 1 Refer ASX JORC Lead Silver Lead Silver JORC Lead Silver Silver announcement Mt Zinc % Zinc Mt Mt Zinc %
Slide 25: Appendix B. Key Risks
Appendix B. Australia’s Next Silver and Zinc Key Risks Producer Set out below are the principal risks and uncertainties associated with POL and its subsidiaries, which are likely to (5) Risks Relating to POL's Financial Instruments For personal use only have an effect on POL’s future financial prosp
Slide 26: Appendix B. Key Risks
Appendix B. Australia’s Next Silver and Zinc Key Risks Producer (7) Political Risk, Commodity Price Volatility and Exchange Rates Risks (10) Mineral Resources and Ore Reserves For personal use only Both from its existing producing operations and, in the event that POL achieves exploration success, t
Slide 27: Appendix B. Key Risks
Appendix B. Australia’s Next Silver and Zinc Key Risks Producer (12) Geological and Geotechnical It is possible that development projects do not realise their predicted value or revenue due to circumstances beyond POL's control. Each ore body is unique. The nature of mineralisation, the occurrence a
Slide 28: Appendix C. International Selling Restrictions
Appendix C. Australia’s Next Silver and Zinc International Selling Restrictions Producer This document does not constitute an offer of New Shares of the Company in any jurisdiction in which it would be unlawful. In This document has been given to You on the basis that You are an “institutional inves
Slide 29: 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 0439 134 408 www.x
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