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Polymetals Resources Ltd (ASX:POL)

ALERT: Price-sensitive ASX Announcement for POL
Current share price for POL : $0.985 0.22 (28.76%)+
Announcement
Release
31 Jul 2026 8:22AM
Price at Release
$0.765
Full Release
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Summary
Polymetals Resources Ltd, an Australian mining company listed on the ASX as POL, announced the completion of the acquisition of 100% ownership of Cobar Infrastructure Pty. Ltd, marking the successful conclusion of the Endeavor Mine acquisition process. This acquisition aligns with the company's strategy to become a leading high-grade silver and zinc producer in the Cobar Basin of New South Wales, Australia. The company aims to leverage existing infrastructure and technical expertise to ensure sustainable production growth and deliver long-term shareholder value.
Key Points
  • Completion of Endeavor Mine acquisition by Polymetals Resources Ltd.
  • Polymetals aims to become a leading silver and zinc producer.
  • The acquisition supports the expansion of mining operations in the Cobar Basin.
  • Utilisation of existing infrastructure for sustainable growth.
  • Focus on near-term cash flow and exploration for resource expansion.
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.