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Polymetals Resources Ltd (ASX:POL)

ALERT: Price-sensitive ASX Announcement for POL
Current share price for POL : $1.040 0.245 (30.82%)+
Announcement
Release
22 Jul 2026 8:37AM
Price at Release
$0.795
Full Release
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Summary
Polymetals Resources Ltd (ASX: POL) has reported further high-grade results from its ongoing underground diamond drilling program at the Endeavor Mine in Cobar, New South Wales. The drilling continues to demonstrate significant silver-lead-zinc mineralisation within the upper Main Lode, with all new drillholes intersecting mineralisation. These findings support the company's reinterpretation of historic subsidence and confirm continuity of high-grade zones. The program has now moved beyond proof-of-concept, focusing on defining mineralisation suitable for a Mineral Resource estimation, with an updated estimate expected later in 2026. This development enhances the potential of the upper Main Lode as a meaningful addition to the Endeavor mining inventory.
Key Points
  • Continued high-grade silver-lead-zinc mineralisation at Endeavor Mine.
  • All new drillholes intersected significant mineralisation.
  • Drilling confirms continuity and supports resource estimation.
  • Updated Mineral Resource estimate targeted for late 2026.
  • Focus on defining mineralisation suitable for resource estimation.
  • Program transitioned from proof-of-concept to detailed exploration.
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.