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Polymetals Resources Ltd (ASX:POL)

ALERT: Price-sensitive ASX Announcement for POL
Current share price for POL : $0.980 0.185 (23.27%)+
Announcement
Release
28 Jul 2026 9:10AM
Price at Release
$0.795
Full Release
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Summary
Polymetals Resources Ltd has successfully exchanged the Endeavor Mine Rehabilitation Bond, valued at $27,956,000, which marks the final step in acquiring full ownership of the Endeavor Mine. This bond, previously held by CBH Resources/Toho Zinc, is guaranteed by Macquarie Bank Limited, and its exchange allows Polymetals complete control over the significant Cobar Infrastructure Pty Ltd real estate portfolio, valued at $19 million. This move not only demonstrates the company's strengthened balance sheet but also provides greater flexibility in managing the project, aiming for increased production and long-term shareholder value.
Key Points
  • Polymetals Resources Ltd (ASX: POL) has exchanged the $27,956,000 Endeavor Mine Rehabilitation Bond.
  • The bond was previously held by the project vendor, CBH Resources / Toho Zinc.
  • The bond is lodged with the NSW Resources Regulator and backed by a bank guarantee from Macquarie Bank Limited.
  • The exchange marks the final step in the acquisition of the Endeavor Mine.
  • Polymetals now has full ownership of Cobar Infrastructure Pty Ltd (CIPL), including a significant real estate portfolio.
  • The real estate portfolio is independently valued at $19 million and includes 42 houses and industrial land.
  • Polymetals aims to leverage existing infrastructure to increase production and shareholder value.
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.