Polymetals Resources Ltd. (AU:POL) has released an update.
Polymetals Resources Ltd is optimistic about increased revenue from its Endeavor Mine, thanks to promising drilling results from the Upper North Lode, which include intercepts of up to 517g/t silver equivalent. The company expects these findings to enhance ore extraction rates and accelerate production, potentially boosting cashflows earlier than anticipated. With plans to restart the mine and commence cashflows in the first half of 2025, Polymetals anticipates generating A$1.85 billion in revenue over a 10-year mine life.
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