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Polymetals Resources Ltd (ASX:POL)

ALERT: Price-sensitive ASX Announcement for POL
Current share price for POL : $0.915 0.2 (27.97%)+
Announcement
Release
14 Apr 2026 8:58AM
Price at Release
$0.715
Full Release
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Summary
Polymetals Resources Ltd's March 2026 Quarterly Report highlights significant developments and achievements at the Endeavor Silver Zinc Mine in Cobar, NSW. Notably, the company has commenced stoping in the high-grade Upper North Lode, which has yielded higher-than-expected silver grades. This has been accompanied by the sale of direct shipping ore, enhancing revenue streams. The company's operational focus has been on safely ramping up mining and processing performance, transitioning to higher-value ore sources, and achieving dual revenue streams from concentrate and direct shipping ore. Financially, the quarter saw a significant revenue increase, with cash and metal inventory positioned strongly. Exploration activities have been extensive, with near-mine drilling and regional IP surveys advancing new targets. The company ended the quarter with solid financials, reporting $22.9 million in cash and $37.9 million in unsold net metal inventory, positioning Polymetals for a productive future.
Key Points
  • Commenced stoping in high-grade Upper North Lode.
  • Higher-than-expected silver grades in mined ore.
  • Sale of direct shipping ore enhances revenue.
  • Focus on ramping up mining and processing performance.
  • Achieved dual revenue streams from concentrate and direct shipping ore.
  • Significant revenue increase for the quarter.
  • Extensive exploration activities with new targets identified.
  • Ended the quarter with $22.9 million in cash and $37.9 million in unsold net metal inventory.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.