Polymetals finalises acquisition of Endeavor Silver, Zinc & Lead Mine
–News Direct–
Polymetals Resources Ltd (ASX: POL) executive chairman David Sproule sits down with Proactives Jonathan Jackson to discuss the acquisition of the Endeavor Silver, Zinc & Lead Mine. This revised acquisition, through Polymetals' subsidiary Cobar Metals Pty Ltd, ensures 100% ownership of the mine and its associated exploration tenements in NSW's Cobar Basin. The new agreements allow for a two-year deferral on the replacement of the approximately $28 million Endeavor Mine Rehabilitation Bond, originally due by April 2024, under the conditions of a prior agreement. This extension aids Polymetals in securing project financing and hastening the mines restart, with production aimed for the first half of 2025. The updated deal not only transfers ownership but ...