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Polymetals Resources Ltd (ASX:POL)

ALERT: Price-sensitive ASX Announcement for POL
Current share price for POL : $0.575 -0.34 (-37.16%)+
Announcement
Release
12 Aug 2026 8:38AM
Price at Release
$0.915
Full Release
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Summary
Polymetals Resources Ltd (ASX: POL) reported ongoing and successful underground diamond drilling at the Endeavor Mine, Cobar NSW, revealing consistent high-grade silver-lead-zinc mineralisation within the upper Main Lode. The drilling has confirmed broad zones of mineralisation near the historic 1996 subsidence zone, providing essential geological data on the oxidised and supergene zone. Results include significant intersections such as 39.0 m @ 502 g/t Ag, 6.9% Zn, and 5.4% Pb (POL025) and 42.8 m @ 358 g/t Ag, 8.3% Zn, and 4.7% Pb (POL022A). This work is contributing to a detailed geological model and an upcoming initial Mineral Resource estimate. The drilling program supports Polymetals' strategy to enhance understanding of the mineralised system and define metal zonation, ultimately targeting further high-grade discoveries.
Key Points
  • Continuation of high-grade silver-zinc-lead mineralisation at Endeavor Mine.
  • Successful intersections including POL025 and POL022A with substantial mineralisation.
  • Focus on defining geometry and continuity of mineral zones.
  • Geological model and initial Mineral Resource estimate underway.
  • Drilling reveals important data on oxidised and supergene zones.
  • Polymetals' strategy aims to enhance understanding of mineralisation for future 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.