Polymetals Resources Ltd. · ASX:POL
Polymetals Resources — Investor Presentation (October 2023)
14 slides from Polymetals Resources's investor presentation, Oct 31, 2023
Slide 1: Defined Strategy, Clear Future
DEFINED STRATEGY, CLEAR FUTURE Transforming Endeavor into our Cornerstone Asset 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: Polymetals Value Creation Strategy
POLYMETALS VALUE CREATION STRATEGY Polymetals is on a clear path to become a regionally significant long-life silver, zinc & lead producer, unlocking critical metals in the state of New South Wales 1 2 3 Execute Endeavor Optimise & Extend Project Growth & Sustainable Mine Restart Life Returns Establ
Slide 4: Endeavor – The Cornerstone Asset
ENDEAVOR – THE CORNERSTONE ASSET • Largest known ore body within Cobar Basin (pre-development +10.5Moz Au equivalent) • 38-years of operations and 32.0Mt mined (91.8Moz Silver, 2.6Mt Zinc, 1.6Mt Lead) • Project unlocked by restructuring 100% Silver royalty to 4% royalty on Ag, Zn & Pb • Mine Restart
Slide 5: 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 5
Slide 6: Transitioning to Production - Building a Sustainable Mining Business
TRANSITIONING TO PRODUCTION - BUILDING A SUSTAINABLE MINING BUSINESS Strong engagement with Local Government & Community. Key mine site leadership roles identified. Systems & procedures being optimised in keeping with Polymetals values & culture. Refurbishment & development team ready. POL
Slide 7: Key Drivers Underpinning Growth Strategy
KEY DRIVERS UNDERPINNING GROWTH STRATEGY CASHFLOW ORE RESERVE EXPANSION REGIONAL DISCOVERY Initial cashflow generated Mine life growth from 1,100km2 of strategic from low-risk defined Ore In-mine extensions landholding covering 80km Reserves strike of the Cobar Basin Scheduled exploration
Slide 8: Endeavor Stage Cashflow: 10-Year Life
ENDEAVOR STAGE 1 CASHFLOW: 10-YEAR LIFE Restart Study Project Highlight Earnings Forecast Outcome LOM Revenue A$1,412 million 350.00 LOM OPEX A$934 million 300.00 250.00 LOM EBITDA A$400 million 200.00 Free Cashflow A$323 million 150.00 Pre-Production CAPEX A$23.7 million A$ millions 100.00 Pre-Tax
Slide 9: Ore Reserve Expansion: In-Mine
ORE RESERVE EXPANSION: 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 resources 1.73Mt @ 8.7% Zinc, 46.4 g/t Silver & 0.8% Lead NW • Resource open alon
Slide 10: Ore Reserve Expansion: Near-Mine
10 ORE RESERVE EXPANSION: NEAR-MINE Poon Boon • 5 Targets: • Panda • Garman • Poon Boon • Southern Extension Endeavor • Bengaccah Garman • Panda identified from Sandfire EM-Conductor drill hole Panda 20CES001 which intersected 6m @ 3.61% Pb, 31.4 g/t Ag from Bengaccah Southern 90m downhole Extension
Slide 11: Regional Discovery
11 REGIONAL DISCOVERY • Project tenements cover 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-development) • Endeavor (Elura) ~10.5Moz Au.eq • CSA
Slide 12: Executing on Our Strategy
EXECUTING ON OUR STRATEGY We pride ourselves on our values – We operate a can-do business are integrity, innovation & efficiency innovative & problem solvers We are owners at all levels in our We have expertise in unlocking business embedded value from historic assets We have a long mining developme
Slide 13: Defined Strategy, Clear Future
DEFINED STRATEGY, CLEAR FUTURE Restarting Endeavor Silver- Established Partnerships Financial Discipline Defines Project Growth Zinc-Lead Mine Secures Funding Clear Pathway to Cashflow Low risk restart Strategic alliance with Capital applied to restart Pursue growth and trading group Ocean i
Slide 14: ASX: POL
ASX: POL Investor Enquiries: Linden Sproule linden.sproule@polymetals.com www.Polymetals.com
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