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Polymetals Resources Ltd. (AU:POL)
ASX:POL
Australian Market

Polymetals Resources Ltd. (POL) AI Stock Analysis

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AU:POL

Polymetals Resources Ltd.

(Sydney:POL)

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Neutral 53 (OpenAI - 5.2)
Rating:53Neutral
Price Target:
AU$1.50
▲(16.28% Upside)
Overall score is held back primarily by very weak financial performance (deep losses, negative cash flow, and elevated leverage). The main offset is strong recent technical momentum with the price above all major moving averages. Valuation remains uncertain because the company is loss-making and no dividend yield is provided.
Positive Factors
Polymetallic asset focus
A strategic focus on polymetallic base and precious metals provides diversified commodity exposure, reducing reliance on a single metal price cycle. Over 2-6 months this structural diversity supports optionality in project development, marketing flexibility and resilience to single-commodity shocks.
Modest revenue growth
Consistent revenue growth, even modest, signals advancing project activity or improving offtake conditions. If sustained, it underpins scale economies and offers a path to margin recovery by spreading fixed costs and validating commercial progress in development-stage mining assets.
Strong FCF growth rate
A large year-over-year free cash flow improvement indicates operational or financing events delivering cash levers. If durable, stronger FCF growth reduces reliance on external funding, improves liquidity, and can accelerate development or debt reduction — materially aiding long-term viability.
Negative Factors
Deep negative margins
Severely negative EBIT and net margins reveal the core operations do not cover costs; this undermines core profitability and shareholder returns. Absent sustained margin recovery through cost reduction or higher revenue, losses will erode equity and hinder project development execution.
Negative operating cash flow
Negative operating and free cash flow erode liquidity and force dependence on external financing. For a resource developer this constrains exploration and capex programs, risks project delays, and increases dilution or default risk unless cash generation reverses sustainably.
High leverage & weak equity base
Elevated leverage with a low equity ratio raises financing and covenant risks and amplifies losses. With negative ROE the capital structure magnifies downside, limiting flexibility to fund development internally and increasing vulnerability to higher rates or weaker commodity prices.

Polymetals Resources Ltd. (POL) vs. iShares MSCI Australia ETF (EWA)

Polymetals Resources Ltd. Business Overview & Revenue Model

Company DescriptionPolymetals Resources Ltd engages in the exploration and development of gold projects in West Africa. The company holds 100% interests in the Alahiné licence covering an area of approximately 64.2 square kilometers; and the Mansala licence covering an area of approximately 48.2 square kilometers located in the Siguiri Basin. Polymetals Resources Ltd was incorporated in 2020 and is based in Sydney, Australia.
How the Company Makes MoneyPolymetals Resources Ltd. generates revenue primarily through the sale of extracted metals, including gold, silver, and other base metals. The company operates mining projects that produce these commodities, which are sold on international markets. Key revenue streams include the direct sale of refined metals to industrial customers, traders, and through commodity exchanges. Additionally, POL may engage in joint ventures or partnerships with other mining companies or entities, allowing for shared resources and enhanced exploration capabilities. These collaborations can lead to increased production efficiency and lower operational costs, further contributing to the company's profitability.

Polymetals Resources Ltd. Financial Statement Overview

Summary
Financials are weak: large negative profitability (net margin -142.65%, EBIT margin -134.00%), high leverage (debt-to-equity 1.43) with negative ROE (-2.55%), and negative operating/free cash flow, indicating limited financial flexibility despite modest revenue growth.
Income Statement
20
Very Negative
Polymetals Resources Ltd. shows a challenging financial performance with consistently negative profit margins, including a net profit margin of -142.65% and an EBIT margin of -134.00% for 2025. Despite a revenue growth rate of 5.22% in 2025, the company struggles with profitability, indicating operational inefficiencies and high costs relative to revenue.
Balance Sheet
30
Negative
The balance sheet reflects high leverage with a debt-to-equity ratio of 1.43 in 2025, indicating significant reliance on debt financing. The return on equity is negative at -2.55%, highlighting poor returns for shareholders. The equity ratio stands at 19.32%, suggesting a moderate level of equity financing relative to total assets.
Cash Flow
25
Negative
Cash flow analysis reveals negative operating cash flow and free cash flow in 2025, with a free cash flow to net income ratio of 1.34, indicating cash flow challenges. Although there is a significant free cash flow growth rate of 340.54%, the overall cash flow position remains weak, impacting liquidity and financial flexibility.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue142.54K335.42K427.67K1.13K1.12K0.00
Gross Profit-35.05M-16.91M427.67K-7.16K-1.35K-224.00
EBITDA-40.56M-41.62M-3.19M-7.79M-1.13M-426.05K
Net Income-47.85M-47.85M-3.27M-7.80M-814.73K-489.14K
Balance Sheet
Total Assets97.27M97.27M30.94M21.54M5.83M6.86M
Cash, Cash Equivalents and Short-Term Investments8.38M8.38M7.88M2.62M1.50M5.01M
Total Debt28.02M26.83M2.51M1.35M0.00250.00K
Total Liabilities78.47M78.47M4.11M3.12M235.97K553.64K
Stockholders Equity18.79M18.79M26.83M18.42M-1.51M-1.14M
Cash Flow
Free Cash Flow-49.43M-49.43M-7.58M-4.08M-3.16M-665.72K
Operating Cash Flow-36.84M-36.84M-3.34M-1.68M-711.59K-201.53K
Investing Cash Flow-12.62M-12.62M-4.25M-2.40M-2.45M-464.19K
Financing Cash Flow49.87M49.87M12.83M5.20M-348.52K5.68M

Polymetals Resources Ltd. Technical Analysis

Technical Analysis Sentiment
Negative
Last Price1.29
Price Trends
50DMA
1.23
Negative
100DMA
1.19
Negative
200DMA
1.00
Positive
Market Momentum
MACD
0.02
Positive
RSI
38.23
Neutral
STOCH
6.58
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:POL, the sentiment is Negative. The current price of 1.29 is below the 20-day moving average (MA) of 1.35, above the 50-day MA of 1.23, and above the 200-day MA of 1.00, indicating a neutral trend. The MACD of 0.02 indicates Positive momentum. The RSI at 38.23 is Neutral, neither overbought nor oversold. The STOCH value of 6.58 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:POL.

Polymetals Resources Ltd. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
73
Outperform
AU$367.28M10.9413.71%3.30%48.57%666.83%
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
55
Neutral
AU$515.55M-58.46-3.24%30.85%
53
Neutral
AU$397.39M-5.77-209.77%-965.24%
52
Neutral
AU$495.29M-119.57-4.34%28.13%
45
Neutral
AU$391.43M-4.29-42.80%3078.36%-93.66%
44
Neutral
AU$273.41M-32.26-8.09%-10.71%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:POL
Polymetals Resources Ltd.
1.29
0.43
50.00%
AU:TBR
Tribune Resources Limited
7.00
2.31
49.13%
AU:AAR
Astral Resources NL
0.28
0.14
96.43%
AU:STN
Saturn Metals Ltd.
0.50
0.24
92.31%
AU:BTR
Brightstar Resources Limited
0.55
0.05
10.00%
AU:WC8
Wildcat Resources Ltd.
0.38
0.13
49.02%

Polymetals Resources Ltd. Corporate Events

Polymetals Calls Extraordinary Meeting to Approve Selective Buy-Backs and Ratify Share Issue
Jan 18, 2026

Polymetals Resources Ltd has circulated a proxy form to its shareholders ahead of an Extraordinary General Meeting (EGM) to formalise voting and participation procedures. The company is seeking shareholder approval for several resolutions, including selective buy-backs of loan-funded shares held by Sproule, Barton and Oram, as well as the ratification of a prior share issue, with the chair indicating an intention to vote undirected proxies in favour of all items, signalling a coordinated effort to streamline the capital structure and validate past equity transactions. The notice details how shareholders can appoint proxies, lodge voting instructions online, by mail, fax or in person, and sets deadlines and signing requirements, underscoring the company’s emphasis on procedural compliance and shareholder engagement in decisions that may affect its equity base and governance.

The most recent analyst rating on (AU:POL) stock is a Buy with a A$1.35 price target. To see the full list of analyst forecasts on Polymetals Resources Ltd. stock, see the AU:POL Stock Forecast page.

Polymetals Calls February 2026 Shareholder Meeting, Sets Poll-Based Voting and Proxy Rules
Jan 18, 2026

Polymetals Resources Ltd has called a shareholder meeting to be held on 20 February 2026 at the Brisbane offices of law firm K&L Gates, with all resolutions to be decided by poll. The notice outlines voting eligibility, encourages shareholders to lodge directed proxies in advance, and details both online and paper-based proxy appointment procedures, underscoring the company’s emphasis on formal shareholder engagement in upcoming corporate decisions.

The most recent analyst rating on (AU:POL) stock is a Buy with a A$1.35 price target. To see the full list of analyst forecasts on Polymetals Resources Ltd. stock, see the AU:POL Stock Forecast page.

Polymetals Pushes Ahead With Endeavor Mine Ramp-Up After Fatal October Incident
Jan 14, 2026

Polymetals Resources’ December 2025 quarter was dominated by the fatal unintended detonation of a ballistic disc at the Endeavor Mine, which resulted in two employee deaths, injuries, and a temporary shutdown while independent and regulatory investigations and a comprehensive review of explosives-handling procedures were conducted. Operations were progressively restarted from mid-November, and despite workforce disruptions and reduced productivity, the company achieved its first shipments of zinc and silver-lead concentrates, advanced near-mine and regional exploration with expanded drilling capacity, commenced mining of the Upper North Lode, and strengthened its balance sheet through additional working capital facilities and a $34.4 million institutional placement, ending the quarter with significant cash and available finance to support ramp-up and exploration efforts.

The most recent analyst rating on (AU:POL) stock is a Buy with a A$1.35 price target. To see the full list of analyst forecasts on Polymetals Resources Ltd. stock, see the AU:POL Stock Forecast page.

Polymetals Director Increases Indirect Holding Through Employee Share Plan Allocation
Dec 21, 2025

Polymetals Resources Ltd has disclosed a change in the interests of director David Sproule following the issue of 125,000 fully paid ordinary shares to the Sproule Superannuation Fund under the company’s Employee Share Plan, which was approved at the 2024 AGM. The new shares vested upon achievement of the third milestone under the plan and are subject to an attaching loan of $0.35 per share, repayable on sale of the shares or by 19 December 2028, marginally increasing Sproule’s overall indirect holding and signalling continued alignment of management incentives with shareholder outcomes through performance-based equity.

The most recent analyst rating on (AU:POL) stock is a Buy with a A$1.35 price target. To see the full list of analyst forecasts on Polymetals Resources Ltd. stock, see the AU:POL Stock Forecast page.

Polymetals Resources Seeks ASX Quotation for 743,750 New Ordinary Shares
Dec 18, 2025

Polymetals Resources Ltd has applied to the ASX for quotation of 743,750 fully paid ordinary shares under the code POL. The new shares relate to securities previously issued under an employee incentive scheme whose transfer restrictions have ceased or are about to cease, modestly increasing the company’s quoted capital and signalling the conversion of staff equity incentives into tradable stock.

The most recent analyst rating on (AU:POL) stock is a Buy with a A$1.35 price target. To see the full list of analyst forecasts on Polymetals Resources Ltd. stock, see the AU:POL Stock Forecast page.

Polymetals Resources Ltd Completes Share Issuance
Dec 11, 2025

Polymetals Resources Ltd has announced the issuance of 39,500,000 shares through a share placement and an additional 1,250,000 shares via the exercise of unlisted options. This move, aimed at exempt investors, was conducted without disclosure under Part 6D.2 of the Corporations Act, and the company confirms compliance with relevant legislative provisions, indicating a strategic capital raising effort to potentially enhance its market position.

The most recent analyst rating on (AU:POL) stock is a Buy with a A$1.35 price target. To see the full list of analyst forecasts on Polymetals Resources Ltd. stock, see the AU:POL Stock Forecast page.

Polymetals Resources Ltd Initiates Trading Halt for Capital Raising
Dec 1, 2025

Polymetals Resources Ltd has requested a trading halt on its securities as it prepares for a capital raising initiative. The halt is expected to last until the release of an announcement or the commencement of normal trading on December 3, 2025, indicating a strategic move to bolster its financial position.

The most recent analyst rating on (AU:POL) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Polymetals Resources Ltd. stock, see the AU:POL Stock Forecast page.

Polymetals Resources Ltd Announces Proposed Securities Issue
Nov 27, 2025

Polymetals Resources Ltd announced a proposed issue of 1,250,000 ordinary fully paid securities, with the issuance date set for November 28, 2025. This strategic move is likely aimed at raising capital to support the company’s operations and growth initiatives, potentially impacting its market positioning and offering opportunities for stakeholders.

The most recent analyst rating on (AU:POL) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Polymetals Resources Ltd. stock, see the AU:POL Stock Forecast page.

Polymetals Resources Secures Additional Funding and Resumes Operations at Endeavor Mine
Nov 27, 2025

Polymetals Resources Ltd has secured additional working capital facilities to support its operations following an incident at the Endeavor Mine. Ocean Partners has offered a US$10 million bridging facility, and the company’s chairman has provided a A$5 million interest-free loan. The Endeavor Mine has resumed production with continuous shift operations, and investigations into the recent incident are ongoing. The company’s efforts to maintain operations and support its stakeholders underscore its commitment to long-term profitability in the mining sector.

The most recent analyst rating on (AU:POL) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Polymetals Resources Ltd. stock, see the AU:POL Stock Forecast page.

Polymetals Resources Ltd. Announces Successful Resolutions at Security Holders’ Meeting
Nov 21, 2025

Polymetals Resources Ltd. announced the results of its recent security holders’ meeting, where all resolutions were passed by poll. Key resolutions included the re-election of David Sproule, the ratification of prior securities issues, and the approval of an incentive plan. These decisions reflect strong shareholder support and are likely to enhance the company’s governance and operational strategies, potentially impacting its market positioning positively.

The most recent analyst rating on (AU:POL) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Polymetals Resources Ltd. stock, see the AU:POL Stock Forecast page.

Polymetals Resources Marks Milestone Year with Endeavor Mine Restart
Nov 20, 2025

Polymetals Resources Ltd. announced significant progress in 2025 with the restart of the Endeavor Mine in Cobar, less than a year after its acquisition. The company achieved its first shipment of zinc concentrate in October 2025 and plans to ship silver-lead concentrate in early December. The company aims to reach steady-state operations by the January quarter, marking a crucial step in its growth as a silver and zinc producer.

The most recent analyst rating on (AU:POL) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Polymetals Resources Ltd. stock, see the AU:POL Stock Forecast page.

Polymetals Resources Ltd Resumes Operations at Endeavor Mine
Nov 17, 2025

Polymetals Resources Ltd has successfully recommenced operations at its Endeavor silver zinc mine in Cobar, NSW, following a tragic accident. The company has resumed mining and milling operations, with silver-lead concentrate deliveries underway and plans for a second shipment in early December. Exploration activities have expanded with additional drilling shifts and rigs to enhance productivity and test new targets. The company is also managing its working capital and exploring additional credit facilities to support its operations.

The most recent analyst rating on (AU:POL) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Polymetals Resources Ltd. stock, see the AU:POL Stock Forecast page.

Polymetals Resources Resumes Operations at Endeavor Mine After Tragic Incident
Nov 5, 2025

Polymetals Resources Ltd has announced the resumption of operations at its Endeavor Silver-Zinc Mine following a tragic incident that resulted in the loss of two employees. The company is conducting a thorough review of its safety management systems and is working with regulatory bodies to investigate the cause of the accident. The staged resumption of operations is seen as essential for supporting employees and their families, and the company remains committed to ensuring the safety and wellbeing of its workforce.

The most recent analyst rating on (AU:POL) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Polymetals Resources Ltd. stock, see the AU:POL Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jan 22, 2026