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- Last 2026-11-06
- A$0.43
- 1D
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- 1M
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- 1Y
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- Fair value
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- Upside
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- Mkt cap
- A$132.6M
- EV
- A$159.1M
- Cash
- A$19.7M
- Debt
- A$26.5M
1 newer ASX announcement not yet reflected in this valuation
- September 2026 Quarterly ReportLatest Four Activities Reports
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Sign in or enter a guest codeAnnouncements
Latest 12 of 12All sources ▸- Application for quotation of securities - POLCorporate Action
- Completion of Endeavor Mine AcquisitionTransaction
- Exchange of Endeavor Mine Rehabilitation BondTransaction
- 30 June Quarterly ReportOperations
- March 2026 Quarterly ReportOperations
- Notification of cessation of securities - POLCorporate Action
- Half Year AccountsResults
- Presentation to Blue Ocean Equities Conference Feb 2026Presentation
- 31 December 2025 Quarterly ReportOperations
- September 2025 Quarterly ReportOperations
- Annual Report to shareholdersResults
- Endeavor Silver Lead Zinc Mine Restart Study completedStudy
Event calendar · next 12 months
5 events| Timing | Event | Category | Confidence | Materiality | Investor relevance |
|---|---|---|---|---|---|
| Later in 2026 | Deep Zinc Lode development start | Construction Or Commissioning | Company Guided | High | Access to deep zinc ore is the main throughput expansion gate and adds near-term capital risk. |
| 12 November 2026 | 2026 Annual General Meeting | Governance | Confirmed | Medium | Governance and capital-allocation questions can be tested against FY2026 loss and funding stress. |
| 23 November 2026 | A$1 options expire | Corporate Action | Confirmed | Medium | The remaining 1.25m options can affect diluted share count and potential exercise proceeds. |
| Six to twelve months from August 2026 | Upper Main Lode production start | Production | Company Guided | High | High-grade silver-rich ore entering the mine plan is needed to validate the upside case. |
| Coming months after August 2026 presentation | Updated reserve and mine plan after Upper Main Lode resource modelling | Resource Or Reserve | Company Guided | High | Conversion from resource to reserve and a costed plan determines whether the new tonnes merit current NAV credit. |
Executive roster
As of 2026-09-24Background checks ▸The FY2026 annual report identifies executive directors, CFO/company secretary and mine general manager; the August AGM-date release names the corporate general manager. Non-executive directors and a resigned mine manager are excluded.
| Executive | Title | Normalized role | Appointed | Sources |
|---|---|---|---|---|
| David Sproule | Executive Chairman | Executive Director | 2022-11-10 | FY2026 Annual Report |
| Jess Oram | Executive Director Technical | Executive Director · Technical | 2025-01-13 | FY2026 Annual Report |
| John Haley | Chief Financial Officer · Company Secretary | Finance · Company Secretary | 2023-02-01 | FY2026 Annual Report |
| Brad Stanmore | General Manager, Endeavor Mine | Operations · Senior Management | 2026-03-11 | FY2026 Annual Report |
| Linden Sproule | GM - Corporate | Commercial · Senior Management | — | Date of 2026 Annual General Meeting |
devCoverage status: Complete As Disclosed
Portfolio detail
Assets
Core asset
Endeavor Silver Zinc Mine
Australia
Ramping Producer100% ownedSilverZincLeadGoldCopper
Wholly owned operating silver-zinc-lead mine near Cobar, with FY2026 concentrate and direct-shipping sales. September resource growth is material, but 63% of the in-situ resource lies near old stopes or subsidence and is not proven mineable; auditor flags going-concern uncertainty.
Project location
Approximate location
Loading imagery…
© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.
Published study economicsIssuer or study metrics
NPVA$201M8% discount
IRR91%Published return
Initial capexA$23.7MPublished capital estimate
NPVA$414M8% discount
IRR345%Published return
Initial capexA$28MPublished capital estimate
Pre-tax Mine Restart Study economics at US$23/oz silver, US$2,750/t zinc, US$2,200/t lead and AUD:USD 0.67.
Pre-tax real ten-year plan at US$28/oz silver, US$2,860/t zinc, US$2,160/t lead and AUD:USD 0.67; not an after-tax equity value or a live FY2026 forecast.
Resources & reserves4
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | Total JORC resource endowment; category split not reproduced in the acquisition release | 16.3M tonnes | 8% Zn, 4.5% Pb and 84 g/t Ag | Silver · Zinc · Lead | 2024-08-01 |
| Mineral Resource | Measured, Indicated and Inferred | 20.7M tonnes | 7.5% Zn, 4.2% Pb and 82 g/t Ag | Silver · Zinc · Lead | 2026-07-31 |
| Ore Reserve | Proved and probable | 5.6M tonnes | 4.04% Zn, 1.79% Pb and 78 g/t Ag | Silver · Zinc · Lead | 2023-09-30 |
| Ore Reserve | Proved and probable, underground and tailings | 6.6M tonnes | Underground 0.9 Mt proved at 6.17% Zn, 3.82% Pb and 92 g/t Ag; 2.3 Mt probable at 6.8% Zn, 2.07% Pb and 55 g/t Ag; tailings 3.4 Mt probable at 2.14% Zn, 1.56% Pb and 80 g/t Ag | Silver · Zinc · Lead | 2026-09-08 |
Tenements9
Milestones6
- Restart concentrate production and sales
Achieved · High materiality
- Exchange vendor-held Endeavor rehabilitation bond
Achieved · High materiality
- Complete CIPL transfer and vendor security discharge
Achieved · High materiality
- Commence Deep Zinc Lode underground resource drilling
Pending · Medium materiality
- Target Upper Main Lode production
Pending · High materiality
- Begin Deep Zinc Lode development
Pending · High materiality
Permits & approvals1
| Permit | Jurisdiction | Status | Expiry | Critical path |
|---|---|---|---|---|
| Endeavor Mining Leases ML158, ML159, ML160, ML161 and ML930 | New South Wales, Australia | Granted | 2028-03-12 | Yes |
Economic studies2
| Study | Stage | Status | Date | Summary |
|---|---|---|---|---|
| Endeavor Mine Restart Study | Updated Feasibility | Superseded | 2023-10-16 | October 2023 restart study was superseded by the August 2024 improved Endeavor Mine Plan and is retained only as a historical comparison. |
| Significantly Improved Endeavor Mine Plan | Operating Plan | Current | 2024-08-05 | Ten-year production target: pre-tax real NPV8 A$414m, free cash flow A$609m, 6.6 Mt proved and probable reserves. The target is 29% inferred resource and predates FY2026 cash-flow evidence and the September 2026 resource estimate. |
Other
Guinea exploration licences
Guinea
Early Explorer100% ownedGold
Legacy Guinea gold exploration interests held through subsidiaries; no decision-useful current resource or work-program evidence was present in the reviewed local package.
Funding, performance and ownership
Financials & Capital
Liquidity
Financial position
Audited 30 June cash was A$19.658m and borrowings A$26.451m. The 28 July rehabilitation-bond exchange then restricted A$27.956m of existing cash; subsequent sales and drawdowns prevent a precise 26 September unrestricted-cash reconstruction. The Ocean Partners US$10m facility was fully drawn in late August. This mixed-date bridge is deliberately conservative and separately flags the uncertainty.
Inventory composition1
Audited inventory carried at A$10.656m at 30 June 2026; the quarterly separate net-payable-metal estimate is A$22.642m and is not added to book inventory or the equity bridge.
- Unsold payable silver, gold, zinc and lead metal on hand at 30 June, quarterly estimated realizable value after smelter deductions
- — carrying
Capital structure
Ownership and dilution
- Ordinary shares
- 308.4M
- Fully diluted
- 309.7M
The March selective buy-back cancelled 562,500 shares. The August ASX class table reported 308,113,677 quoted shares, followed by 312,472 newly issued employee-retention shares on 23 September. The 24 September Appendix 2A confirms 308,426,149 quoted ordinary shares. Add 1,250,000 outstanding A$1 options expiring 23 November 2026 for a conservative fully diluted ordinary-equivalent denominator; unallocated rights are excluded.
Security classes2
| Class | Type | Quantity | Strike | Expiry |
|---|---|---|---|---|
| Quoted ordinary fully paid shares following 24 September 2026 employee-retention issue | Ordinary Share | 308.4M | — | — |
| Options expiring 23 November 2026 with A$1.00 exercise price | Option | 1.2M | A$1 | 2026-11-23 |
KPI history
Operating metrics
Operating metric source table10
| Metric | Project | Period | Period type | Value | Status |
|---|---|---|---|---|---|
| Throughput | Endeavor | JunQ FY26 | Quarter | 114,036 tonnes | Reported |
| Production | Endeavor | JunQ FY26 | Quarter | 396,485 oz silver | Reported |
| Production | Endeavor | JunQ FY26 | Quarter | 3,268 t zinc | Reported |
| Production | Endeavor | JunQ FY26 | Quarter | 2,061 t lead | Reported |
| Revenue | Endeavor | JunQ FY26 | Quarter | 45,758,000 AUD | Reported |
| Unit Cost | Endeavor | JunQ FY26 | Quarter | 303.7 AUD/t ore processed | Reported |
| Free Cash Flow | Endeavor | JunQ FY26 | Quarter | 10,240,000 AUD net operating cash inflow | Reported |
| Revenue | Endeavor | FY2026 | Year | 100,002,365 AUD | Reported |
| Other | Company | FY2026 net loss after tax | Year | -47,042,826 AUD | Reported |
| Other | Company | FY2026 net operating cash flow | Year | -21,807,149 AUD | Reported |
Company guidance1
| Metric | Project | Period | Low | High | Status |
|---|---|---|---|---|---|
| Monthly Product Transport Steady State Rate | endeavor | September quarter FY27 target | 10,000 | 10,000 tonnes per month | Current |
Capital history
Capital events
| Date | Event | Amount | Shares | Price | Status | Terms |
|---|---|---|---|---|---|---|
| 2026-09-23Ann. 2026-09-24 | Raising | A$0 | 312.5K | — | Completed | — |
| 2026-03-06Ann. 2026-03-10 | BuybackPol Ordinary Fully Paid | A$196.9K | 562.5K | A$0.35 | Completed | Shareholders approved the selective buy-back on 20 February 2026 and 562,500 ordinary shares were cancelled on 6 March 2026.Max 562.5K · Until 2026-03-06 · Holder approval required |
| 2025-12-11 | Raising | A$34.4M | 39.5M | — | Completed | — |
Contracts and ownership
Material economic arrangements These are deals that can affect sales, costs, funding or ownership. An arrangement marked “Included in valuation” may already be built into a project estimate or the bridge to shareholder value. A separate amount is shown only when one can be estimated; do not add it again.
FY2026 annual report is the baseline for the six-year Ocean Partners offtake and MAC alliance; later selected releases reveal no new royalty, stream or hedge. The related-party loan remains in borrowings rather than a duplicate project economic interest.
Offtake for Endeavor zinc and silver-lead concentrates, excluding toll-treated ores; linked revolving prepayment facility. Pricing and treatment charges affect realized product revenue; debt is separately in the corporate bridge.
Offtake · Active- Counterparties
- Ocean Partners UK Limited
- Applies to
- Endeavor Silver Zinc Mine · Silver · Zinc · Lead
- Economic direction
- Mixed
- Period
- From 2024-09-16; no end date stated
- Key terms
- Term: Six years
Revolving loan limit: 10,000,000 USD
Interest: 12-month SOFR plus 6.0%
Zinc price basis: Five-day pre-shipment LME average; treatment charge 50% benchmark and 50% spot
Silver-lead price basis: Five-day pre-shipment LME lead and LBMA silver averages; Cannington benchmark charges
How it affects our valuation
No valuation treatment is available for this arrangement.
Neighbouring Cobar mine alliance intended to exploit operating synergies; disclosed current terms do not quantify future shared cash flows.
Strategic Partnership · Active- Counterparties
- Metals Acquisition Limited
- Applies to
- Endeavor Silver Zinc Mine · Silver · Zinc · Lead · Copper
- Economic direction
- Benefit
- Period
- From 2024-01-01; no end date stated
- Key terms
- Equity subscription: 2,500,000 AUD
How it affects our valuation
No valuation treatment is available for this arrangement.
Intrinsic value
Valuation
Valuation
Bear, base and bull values, investment cases, project valuations and the equity bridge are available to subscribers.
Sign in or enter a guest codeResource-price transmission
Sensitivity lab
Sensitivity lab
How our fair value responds to commodity prices and other drivers is available to subscribers.
Sign in or enter a guest codePeople, delivery and responsibility
Management background checks
This is a screening-level background review. It records issuer-disclosed current roles and a small number of source-supported outcomes. Career chronologies, credentials and individualized track records remain incomplete, so the evidence does not support a high-confidence judgment about the full team. It also records the self-reported Listing Rule 10.14 approval lapse involving loan-funded director shares and the subsequent shareholder-approved buy-back and cancellation.
Decision-relevant facts
Material summary
David Sproule
Executive Chairman
SafetyDocumented · High materiality
Two worker deaths and one serious injury at Endeavor Mine
On 28 October 2025, an explosive device unintentionally detonated underground at Endeavor Mine; two workers died and a third was seriously injured. The NSW Resources Regulator opened an investigation. Polymetals’ February 2026 half-year report said internal and external reviews were continuing, that the outcome and any liability were uncertain, and that no action had then been taken against or notified to the company. No reviewed source attributes personal causation to this executive.
Employer context; no individual link established · The incident occurred at an operation owned by the employer. Available sources establish no individual causal role; team-level oversight cannot be equated with personal fault.
Endeavor Mine fatality investigation information release IIR25-08 · Incident date 28 October 2025; investigation status in November 2025 release
Half-year report for period ended 31 December 2025 · Directors’ report, p.10, incident update and status as at 27 February 2026
GovernanceIssuer Reported · Medium materiality
Inadvertent Listing Rule 10.14 breach involving loan-funded shares
Polymetals disclosed that 250,000 shares were issued to a nominee company controlled by him. The company stated in December 2025 that it inadvertently failed to obtain the separate shareholder approval required by Listing Rule 10.14, despite general Share Plan approval, and self-reported the breach to ASX. Shareholders approved a selective buy-back at the 20 February 2026 EGM; an Appendix 3H records cancellation of all 562,500 affected shares on 6 March 2026, with consideration offset against repayment of the loan. The issuer called the lapse administrative and inadvertent. No deliberate personal conduct or further sanction is established in the reviewed sources. This is a documented governance control failure during the directors’ tenure, followed by an issuer-reported cure.
Role overlaps event; causation unproven · The company attributed the approval failure to an administrative oversight and self-reported it. The sources identify the directors who received the shares but do not attribute the approval failure to either person individually.
Inadvertent Breach of Listing Rule 10.14; Selective Buy-Back · ASX release, 22 December 2025: issue amounts, approval lapse, self-report and proposed remedy
Appendix 3H: Notification of cessation of securities · Appendix 3H, 10 March 2026: approval on 20 February and cancellation on 6 March
Evidence gaps · 3
- Full role chronology, earlier employers and dates were not independently established in this limited pass.
- Credentials and memberships were not independently verified.
- The searches documented here are open-web screening only, not exhaustive criminal, sanctions, litigation, safety or credential checks.
Jess Oram
Executive Director Technical
SafetyDocumented · High materiality
Two worker deaths and one serious injury at Endeavor Mine
On 28 October 2025, an explosive device unintentionally detonated underground at Endeavor Mine; two workers died and a third was seriously injured. The NSW Resources Regulator opened an investigation. Polymetals’ February 2026 half-year report said internal and external reviews were continuing, that the outcome and any liability were uncertain, and that no action had then been taken against or notified to the company. No reviewed source attributes personal causation to this executive.
Employer context; no individual link established · The incident occurred at an operation owned by the employer. Available sources establish no individual causal role; team-level oversight cannot be equated with personal fault.
Endeavor Mine fatality investigation information release IIR25-08 · Incident date 28 October 2025; investigation status in November 2025 release
Half-year report for period ended 31 December 2025 · Directors’ report, p.10, incident update and status as at 27 February 2026
GovernanceIssuer Reported · Medium materiality
Inadvertent Listing Rule 10.14 breach involving loan-funded shares
Polymetals disclosed that 125,000 loan-funded shares were issued to him. The company stated in December 2025 that it inadvertently failed to obtain the separate shareholder approval required by Listing Rule 10.14, despite general Share Plan approval, and self-reported the breach to ASX. Shareholders approved a selective buy-back at the 20 February 2026 EGM; an Appendix 3H records cancellation of all 562,500 affected shares on 6 March 2026, with consideration offset against repayment of the loan. The issuer called the lapse administrative and inadvertent. No deliberate personal conduct or further sanction is established in the reviewed sources. This is a documented governance control failure during the directors’ tenure, followed by an issuer-reported cure.
Role overlaps event; causation unproven · The company attributed the approval failure to an administrative oversight and self-reported it. The sources identify the directors who received the shares but do not attribute the approval failure to either person individually.
Inadvertent Breach of Listing Rule 10.14; Selective Buy-Back · ASX release, 22 December 2025: issue amounts, approval lapse, self-report and proposed remedy
Appendix 3H: Notification of cessation of securities · Appendix 3H, 10 March 2026: approval on 20 February and cancellation on 6 March
Evidence gaps · 3
- Full role chronology, earlier employers and dates were not independently established in this limited pass.
- Credentials and memberships were not independently verified.
- The searches documented here are open-web screening only, not exhaustive criminal, sanctions, litigation, safety or credential checks.
John Haley
Chief Financial Officer / Company Secretary
SafetyDocumented · High materiality
Two worker deaths and one serious injury at Endeavor Mine
On 28 October 2025, an explosive device unintentionally detonated underground at Endeavor Mine; two workers died and a third was seriously injured. The NSW Resources Regulator opened an investigation. Polymetals’ February 2026 half-year report said internal and external reviews were continuing, that the outcome and any liability were uncertain, and that no action had then been taken against or notified to the company. No reviewed source attributes personal causation to this executive.
Employer context; no individual link established · The incident occurred at an operation owned by the employer. Available sources establish no individual causal role; team-level oversight cannot be equated with personal fault.
Endeavor Mine fatality investigation information release IIR25-08 · Incident date 28 October 2025; investigation status in November 2025 release
Half-year report for period ended 31 December 2025 · Directors’ report, p.10, incident update and status as at 27 February 2026
Evidence gaps · 3
- Full role chronology, earlier employers and dates were not independently established in this limited pass.
- Credentials and memberships were not independently verified.
- The searches documented here are open-web screening only, not exhaustive criminal, sanctions, litigation, safety or credential checks.
Brad Stanmore
General Manager, Endeavor Mine
SafetyDocumented · High materiality
Two worker deaths and one serious injury at Endeavor Mine
On 28 October 2025, an explosive device unintentionally detonated underground at Endeavor Mine; two workers died and a third was seriously injured. The NSW Resources Regulator opened an investigation. Polymetals’ February 2026 half-year report said internal and external reviews were continuing, that the outcome and any liability were uncertain, and that no action had then been taken against or notified to the company. No reviewed source attributes personal causation to this executive.
Employer context; no individual link established · The incident occurred at an operation owned by the employer. Available sources establish no individual causal role; team-level oversight cannot be equated with personal fault.
Endeavor Mine fatality investigation information release IIR25-08 · Incident date 28 October 2025; investigation status in November 2025 release
Half-year report for period ended 31 December 2025 · Directors’ report, p.10, incident update and status as at 27 February 2026
Evidence gaps · 3
- Full role chronology, earlier employers and dates were not independently established in this limited pass.
- Credentials and memberships were not independently verified.
- The searches documented here are open-web screening only, not exhaustive criminal, sanctions, litigation, safety or credential checks.
Linden Sproule
GM - Corporate
SafetyDocumented · High materiality
Two worker deaths and one serious injury at Endeavor Mine
On 28 October 2025, an explosive device unintentionally detonated underground at Endeavor Mine; two workers died and a third was seriously injured. The NSW Resources Regulator opened an investigation. Polymetals’ February 2026 half-year report said internal and external reviews were continuing, that the outcome and any liability were uncertain, and that no action had then been taken against or notified to the company. No reviewed source attributes personal causation to this executive.
Employer context; no individual link established · The incident occurred at an operation owned by the employer. Available sources establish no individual causal role; team-level oversight cannot be equated with personal fault.
Endeavor Mine fatality investigation information release IIR25-08 · Incident date 28 October 2025; investigation status in November 2025 release
Half-year report for period ended 31 December 2025 · Directors’ report, p.10, incident update and status as at 27 February 2026
Evidence gaps · 3
- Full role chronology, earlier employers and dates were not independently established in this limited pass.
- Credentials and memberships were not independently verified.
- The searches documented here are open-web screening only, not exhaustive criminal, sanctions, litigation, safety or credential checks.
Company ownership
Investors & shareholders
Top registered shareholders
Register at 2026-07-30
| # | Investor / registered holder | % issued shares | Shares held |
|---|---|---|---|
| 1 | 15.93% | 49,189,668 | |
| 2 | 8.32% | 25,698,697 | |
| 3 | 6.98% | 21,537,348 | |
| 4 | 6.49% | 20,034,931 | |
| 5 | 4.95% | 15,285,909 | |
| 6 | 3.48% | 10,747,153 | |
| 7 | 3.40% | 10,492,881 | |
| 8 | 2.99% | 9,230,162 | |
| 9 | 2.69% | 8,311,970 | |
| 10 | 2.52% | 7,767,081 | |
| 11 | 2.50% | 7,705,516 | |
| 12 | 1.73% | 5,333,935 | |
| 13 | 1.73% | 5,327,479 | |
| 14 | 1.58% | 4,875,000 | |
| 15 | 1.02% | 3,146,078 | |
| 16 | 0.86% | 2,662,938 | |
| 17 | 0.74% | 2,293,472 | |
| 18 | 0.70% | 2,162,500 | |
| 19 | 0.69% | 2,142,194 | |
| 20 | 0.65% | 2,008,000 |
Sources & review notesEvidence checked through 2026-10-09
Coverage and limitations
- The register is a dated list of registered accounts, not a complete beneficial-ownership register.
- A 1 October 2026 cessation notice says an unnamed holder ceased to be substantial on 14 September 2026; the cached filing text did not reveal the holder identity or remaining quantity, so the superseded substantial-holder entry is unresolved.
Sources
- Annual Report to shareholders
ASX / Polymetals Resources Ltd · Published 2026-09-08 · Accessed 2026-10-09
Issuer registered-account list as at 30 July 2026, including share quantities and percentages.
2026/2026-09-08_Annual Report to shareholders_17897e3abdbc20cb.pdf, PDF page 82; twenty largest quoted equity security holders
- Ceasing to be a substantial holder
ASX / Polymetals Resources Ltd · Published 2026-10-01 · Accessed 2026-10-09
Cessation notice states holder ceased to be substantial on 14 September 2026, but the cached text does not preserve the holder identity or any current remaining quantity.
2026/2026-10-01_Ceasing to be a substantial holder_ed54486c40a3c231.pdf, Form 605 pages 1–2
Disclosed activity
Insider transactions
Trading activity21 buys · 2 sells shownNet cash last 12 months no tradesShow chartHide chart
On-market buyPlacement / plan subscriptionSaleMarker size = cash valueGrant, exercise, expiry or transferBars: cash bought (up) and sold (down) per month
| Date | Person / account | Activity / security | Quantity | Cash consideration | Price | Holding after |
|---|---|---|---|---|---|---|
| 2026-09-23 | Jess OramTimdee Resources Pty Ltd
Details & evidence for Jess Oram on 2026-09-23As disclosed: 20,000 shares under Employee Share Plan.
director · 2023-05-16 Change of Director's Interest Notice ↗ | VestingOrdinary shares | 20,000 | —Non Cash | — | — |
| 2026-09-23 | Alistair Heatley Barton
Details & evidence for Alistair Heatley Barton on 2026-09-23As disclosed: 20,000 shares under Employee Share Plan.
director · 2023-05-16 Change of Director's Interest Notice ↗ | VestingOrdinary shares | 20,000 | —Non Cash | — | — |
| 2026-08-06 | Alistair Heatley Barton
Details & evidence for Alistair Heatley Barton on 2026-08-06As disclosed: 93,750 shares under Employee Share Plan.
director · 2023-05-16 Change of Director's Interest Notice-Barton ↗ | VestingOrdinary shares | 93,750 | —Non Cash | — | — |
| 2026-08-06 | Jess OramTimdee Resources Pty Ltd
Details & evidence for Jess Oram on 2026-08-06As disclosed: 62,500 shares under Employee Share Plan.
director · 2023-05-16 Change of Director's Interest Notice-Oram ↗ | VestingOrdinary shares | 62,500 | —Non Cash | — | — |
| 2026-03-06 | Alistair Heatley Barton
Details & evidence for Alistair Heatley Barton on 2026-03-06As disclosed: 187,500 shares sold; 35 cents/share offset by payment of employee loan, no net payment made or received.
director · 2023-05-16 Appendix 3Y-Barton ↗ | SaleOrdinary shares | 187,500 | —Mixed Unallocated | — | — |
| 2026-03-06 | Jess OramTimdee Resources Pty Ltd
Details & evidence for Jess Oram on 2026-03-06As disclosed: 125,000 shares sold; 35 cents/share offset by payment of employee loan, no net payment made or received.
director · 2023-05-16 Appendix 3Y-Oram ↗ | SaleOrdinary shares | 125,000 | —Mixed Unallocated | — | — |
| 2025-12-19 | Jess OramTimdee Resources Pty Ltd
Details & evidence for Jess Oram on 2025-12-19As disclosed: 62,500 shares under Employee Share Plan.
director · 2023-05-16 Change of Director's Interest Notice-3Y-Oram ↗ | VestingOrdinary shares | 62,500 | —Non Cash | — | — |
| 2025-12-19 | Alistair Heatley Barton
Details & evidence for Alistair Heatley Barton on 2025-12-19As disclosed: 93,750 shares under Employee Share Plan.
director · 2023-05-16 Change of Director's Interest Notice-3Y-Barton ↗ | VestingOrdinary shares | 93,750 | —Non Cash | — | — |
| 2025-12-19 | David William SprouleSproule Superannuation Fund
Details & evidence for David William Sproule on 2025-12-19As disclosed: 125,000 shares under Employee Share Plan.
director · 2023-05-16 Change of Director's Interest Notice-3Y Sproule ↗ | VestingOrdinary shares | 125,000 | —Non Cash | — | — |
| 2025-03-17 | Jess OramTimdee Resources Pty Ltd
Details & evidence for Jess Oram on 2025-03-17As disclosed: 25,000 shares acquired under Share Purchase Plan at $0.80/share.
director · 2023-05-16 Change of Director's Interest Notice-Oram ↗ | SubscriptionOrdinary shares | 25,000 | AUD 20,000.00 | AUD 0.8Disclosed price | — |
| 2025-03-17 | David William SprouleSproule Superannuation Fund
Details & evidence for David William Sproule on 2025-03-17As disclosed: 262,500 shares acquired under Share Purchase Plan at $0.80/share.
director · 2023-05-16 Change of Director's Interest Notice-Sproule ↗ | SubscriptionOrdinary shares | 262,500 | AUD 210,000.00 | AUD 0.8Disclosed price | — |
| 2025-03-17 | Alistair Heatley BartonBarton Superannuation Fund
Details & evidence for Alistair Heatley Barton on 2025-03-17As disclosed: 6,250 shares acquired under Share Purchase Plan at $0.80/share.
director · 2023-05-16 Change of Director's Interest Notice-Barton ↗ | SubscriptionOrdinary shares | 6,250 | AUD 5,000.00 | AUD 0.8Disclosed price | — |
| 2025-03-10 | David William SprouleSproule Superannuation Fund
Details & evidence for David William Sproule on 2025-03-10As disclosed: 500,000 shares acquired under Share Purchase Plan for $400,000.
director · 2023-05-16 Change of Director's Interest Notice-Sproule ↗ | SubscriptionOrdinary shares | 500,000 | AUD 400,000.00 | AUD 0.8Disclosed price | — |
| 2025-03-05to 2025-03-06 | Alistair Heatley BartonBarton Superannuation Fund
Details & evidence for Alistair Heatley Barton on 2025-03-05As disclosed: 47,463 shares acquired on-market for $33,727.21.
director · 2023-05-16 Change of Director's Interest Notice-Barton ↗ | PurchaseOrdinary shares | 47,463 | AUD 33,727.21 | AUD 0.7106Disclosed price | — |
| 2024-12-19 | David William SprouleSproule Superannuation Fund
Details & evidence for David William Sproule on 2024-12-19As disclosed: 250,000 shares issued under employee performance share plan.
director · 2023-05-16 Change of Director's Interest Notice-Sproule ↗ | GrantOrdinary shares | 250,000 | —Non Cash | — | — |
| 2024-12-19 | Jess OramTimdee Resources Pty Ltd
Details & evidence for Jess Oram on 2024-12-19As disclosed: 125,000 shares issued under employee performance share plan.
director · 2023-05-16 Change of Director's Interest -Oram ↗ | GrantOrdinary shares | 125,000 | —Non Cash | — | — |
| 2024-12-19 | Alistair Heatley Barton
Details & evidence for Alistair Heatley Barton on 2024-12-19As disclosed: 187,500 shares issued under employee performance share plan.
director · 2023-05-16 Change of Director's Interest Notice-Barton ↗ | GrantOrdinary shares | 187,500 | —Non Cash | — | — |
| 2024-12-09 | David William SprouleSproule Superannuation Fund
Details & evidence for David William Sproule on 2024-12-09As disclosed: 1,000,000 ordinary shares purchased on-market for $920,000.
director · 2023-05-16 Change of Director's Interest Notice-Sproule ↗ | PurchaseOrdinary shares | 1,000,000 | AUD 920,000.00 | AUD 0.92Disclosed price | — |
| 2024-11-05 | David William SprouleMeadowhead Investments Pty Ltd
Details & evidence for David William Sproule on 2024-11-05As disclosed: 500,000 ordinary shares purchased off-market.
director · 2023-05-16 Change of Director's Interest Notice-Sproule ↗ | PurchaseOrdinary shares | 500,000 | —Not Disclosed | — | — |
| 2024-08-27 | David William SprouleMeadowhead Investments Pty Ltd
Details & evidence for David William Sproule on 2024-08-27As disclosed: 600,000 ordinary shares purchased off-market.
director · 2023-05-16 Change of Director's Interest Notice ↗ | PurchaseOrdinary shares | 600,000 | —Not Disclosed | — | — |
| 2024-07-17 | David William SprouleMeadowhead Investments Pty Ltd
Details & evidence for David William Sproule on 2024-07-17As disclosed: 5,000,000 ordinary shares acquired in a placement.
director · 2023-05-16 Change of Director's Interest Notice ↗ | SubscriptionOrdinary shares | 5,000,000 | —Not Disclosed | — | — |
| 2024-01-23 | Jess OramTimdee Resources Pty Ltd
Details & evidence for Jess Oram on 2024-01-23As disclosed: 13,000 ordinary shares purchased on-market for $3,722.50.
director · 2023-05-16 Change of Director's Interest Notice-Oram ↗ | PurchaseOrdinary shares | 13,000 | AUD 3,722.50 | AUD 0.286346Disclosed price | — |
| 2024-01-08 | David William SprouleDeering Nominees Pty Ltd ATF Deering Family Trust
Details & evidence for David William Sproule on 2024-01-08As disclosed: 1,562,500 shares acquired in entitlement offer at $0.32 each.
director · 2023-05-16 Change of Director's Interest Notice ↗ | SubscriptionOrdinary shares | 1,562,500 | AUD 500,000.00 | AUD 0.32Disclosed price | — |
| 2024-01-08 | David William SprouleMeadowhead Investments Pty Ltd
Details & evidence for David William Sproule on 2024-01-08As disclosed: 1,857,806 shares acquired in entitlement offer at $0.32 each.
director · 2023-05-16 Change of Director's Interest Notice ↗ | SubscriptionOrdinary shares | 1,857,806 | AUD 594,498.00 | AUD 0.32Disclosed price | — |
| 2024-01-08 | Alistair Heatley BartonBarton Superannuation Fund
Details & evidence for Alistair Heatley Barton on 2024-01-08As disclosed: 65,000 shares subscribed under entitlement offer at $0.32 each.
director · 2023-05-16 Change of Director's Interest Notice ↗ | SubscriptionOrdinary shares | 65,000 | AUD 20,800.00 | AUD 0.32Disclosed price | — |
| 2024-01-08 | Alistair Heatley BartonAlistair Barton and Laisa Barton jointly
Details & evidence for Alistair Heatley Barton on 2024-01-08As disclosed: 2,000 jointly held shares subscribed under entitlement offer at $0.32 each.
director · 2023-05-16 Change of Director's Interest Notice ↗ | SubscriptionOrdinary shares | 2,000 | AUD 640.00 | AUD 0.32Disclosed price | — |
| 2023-09-14to 2023-09-18 | David William SprouleDeering Nominees Pty Ltd ATF Deering Family Trust
Details & evidence for David William Sproule on 2023-09-14As disclosed: 90,022 ordinary shares acquired on 14 and 18 September 2023 for $27,577.16.
director · 2023-05-16 Change of Director's Interest Notice ↗ | PurchaseOrdinary shares | 90,022 | AUD 27,577.16 | AUD 0.306338Disclosed price | — |
| 2023-09-06to 2023-09-13 | David William SprouleDeering Nominees Pty Ltd ATF Deering Family Trust
Details & evidence for David William Sproule on 2023-09-06As disclosed: 409,978 ordinary shares acquired between 6 and 13 September 2023 for $124,557.48.
director · 2023-05-16 Change of Director's Interest Notice ↗ | PurchaseOrdinary shares | 409,978 | AUD 124,557.48 | AUD 0.303815Disclosed price | — |
| 2023-07-27 | David William SprouleDeering Nominees Pty Ltd ATF Deering Family Trust
Details & evidence for David William Sproule on 2023-07-27As disclosed: 199,230 ordinary shares purchased on-market for $64,444.54.
director · 2023-05-16 Change of Director's Interest Notice-Sproule ↗ | PurchaseOrdinary shares | 199,230 | AUD 64,444.54 | AUD 0.323468Disclosed price | — |
| 2023-07-20 | David William SprouleDeering Nominees Pty Ltd ATF Deering Family Trust
Details & evidence for David William Sproule on 2023-07-20As disclosed: 150,000 ordinary shares purchased on-market for $46,840.
director · 2023-05-16 Change of Director's Interest Notice-Sproule ↗ | PurchaseOrdinary shares | 150,000 | AUD 46,840.00 | AUD 0.312267Disclosed price | — |
| 2023-07-19 | Alistair Heatley BartonBarton Superannuation Fund
Details & evidence for Alistair Heatley Barton on 2023-07-19As disclosed: 48,983 ordinary shares purchased on-market for $14,232.
director · 2023-05-16 Change of Director's Interest Notice-Barton ↗ | PurchaseOrdinary shares | 48,983 | AUD 14,232.00 | AUD 0.29055Disclosed price | — |
| 2023-05-12 | David William SprouleDeering Nominees Pty Ltd ATF Deering Family Trust
Details & evidence for David William Sproule on 2023-05-12As disclosed: 17,410,714 ordinary shares issued as consideration for acquisition of Orana Minerals Pty Ltd.
director · 2023-05-16 Change of Director's Interest Notice ↗ | SubscriptionOrdinary shares | 17,410,714 | —Non Cash | — | — |
| 2023-04-28 | David William SprouleDeering Nominees Pty Ltd ATF Deering Family Trust
Details & evidence for David William Sproule on 2023-04-28As disclosed: 1,392,677 ordinary shares distributed in specie.
director · 2023-05-16 Change of Director's Interest Notice ↗ | Transfer InOrdinary shares | 1,392,677 | —Non Cash | — | — |
| 2023-04-17 | Alistair Heatley BartonBarton Superannuation Fund
Details & evidence for Alistair Heatley Barton on 2023-04-17As disclosed: 350,000 ordinary shares purchased on-market for $98,105.
director · 2023-05-16 Change of Director's Interest Notice ↗ | PurchaseOrdinary shares | 350,000 | AUD 98,105.00 | AUD 0.2803Disclosed price | — |
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Sign in or enter a guest codeChronological evidenceSource-document inventory21 documents
Local ASX POL daily closing observationMarket Data · HighExtracted
Latest eligible local close selected by miners.reference_price: raw POL ordinary share close A$0.85 on 25 September 2026, 272,301 shares traded.
- Document ID
- asx-close-20260925
- Published UTC
- 2026-09-25T06:00:00Z
- Projects
- —
- Commodities
- —
Application for quotation of securities - POLCorporate Action · MediumExtracted
Appendix 2A records 312,472 employee shares newly issued and 308,426,149 quoted ordinary shares after quotation.
- Document ID
- appendix2a-20260924
- Published UTC
- 2026-09-23T22:13:00Z
- Projects
- —
- Commodities
- —
FY2026 Annual ReportResults · HighExtracted
Audited FY2026 report: first A$100m revenue but a A$47.0m loss, negative annual cash flow and material going-concern uncertainty; also updates reserves, offtake, finance and management.
- Document ID
- annual-report-2026
- Published UTC
- 2026-09-08T00:29:00Z
- Projects
- endeavor · guinea-exploration
- Commodities
- silver · zinc · lead
Polymetals first production year: cash pressure remainsOther · LowExtracted
Independent editorial coverage frames first A$100m revenue against the A$47m loss, negative operating cash flow and auditor going-concern warning; it provides no independent mine valuation.
- Document ID
- outside-view-20260908
- Published UTC
- 2026-09-08T00:00:00Z
- Projects
- endeavor
- Commodities
- silver · zinc · lead
Endeavor Mine 2026 Mineral ResourceResource Update · HighExtracted
Updated in-situ resource of 20.7 Mt at 7.5% zinc, 4.2% lead and 82 g/t silver; 63% lies close to old stopes or subsidence and no mining recovery factor was applied.
- Document ID
- endeavor-mre-20260907
- Published UTC
- 2026-09-06T22:31:00Z
- Projects
- endeavor
- Commodities
- silver · zinc · lead
Date of 2026 Annual General MeetingGovernance · MediumExtracted
Issuer schedules the annual general meeting for 12 November 2026.
- Document ID
- agm-date-20260825
- Published UTC
- 2026-08-24T23:06:00Z
- Projects
- —
- Commodities
- —
Polymetals Mid-Year Webinar 2026 AmendedPresentation · HighExtracted
Issuer presentation outlines high-grade silver production target, Upper Main Lode timing and Deep Zinc Lode development objectives.
- Document ID
- midyear-webinar-20260813
- Published UTC
- 2026-08-12T23:54:00Z
- Projects
- endeavor
- Commodities
- silver · zinc · lead
Application for quotation of securities - POLCorporate Action · MediumExtracted
Appendix 2A for quotation of 618,750 previously issued employee incentive shares after the rehabilitation-bond vesting condition was satisfied.
- Document ID
- appendix2a-20260807
- Published UTC
- 2026-08-06T22:27:51Z
- Projects
- —
- Commodities
- —
Completion of Endeavor Mine AcquisitionTransaction · HighExtracted
Discharge of vendor security and transfer of 100% ownership of Cobar Infrastructure Pty Ltd completed.
- Document ID
- acquisition-final-20260731
- Published UTC
- 2026-07-30T22:22:18Z
- Projects
- endeavor
- Commodities
- —
Exchange of Endeavor Mine Rehabilitation BondTransaction · HighExtracted
Polymetals exchanged the vendor-held A$27.956 million Endeavor rehabilitation bond using cash placed in a restricted interest-bearing account, clearing the final acquisition condition.
- Document ID
- rehab-bond-20260728
- Published UTC
- 2026-07-27T23:10:34Z
- Projects
- endeavor
- Commodities
- —
30 June Quarterly ReportOperations · HighExtracted
June 2026 quarterly reporting positive operating cash flow, record post-restart mining and processing, improved recoveries, production, liquidity, debt and inventory.
- Document ID
- jun26-quarterly
- Published UTC
- 2026-07-13T22:52:00Z
- Projects
- endeavor
- Commodities
- silver · zinc · lead · gold
March 2026 Quarterly ReportOperations · HighExtracted
March 2026 quarterly showing stabilised production, first high-grade DSO, increased revenue and large payable metal inventory.
- Document ID
- mar26-quarterly
- Published UTC
- 2026-04-13T22:58:51Z
- Projects
- endeavor
- Commodities
- silver · zinc · lead · gold
Notification of cessation of securities - POLCorporate Action · MediumExtracted
Appendix 3H recording the completed selective buy-back and cancellation of 562,500 ordinary shares at A$0.35 per share, offset against participant loans.
- Document ID
- buyback-cessation-20260310
- Published UTC
- 2026-03-09T22:17:25Z
- Projects
- —
- Commodities
- —
Half Year AccountsResults · HighExtracted
Reviewed half-year accounts and operating report, including production, financing, rehabilitation obligations, capital movements and a material uncertainty related to going concern.
- Document ID
- half-year-20260227
- Published UTC
- 2026-02-26T21:17:36Z
- Projects
- endeavor
- Commodities
- silver · zinc · lead · gold
Presentation to Blue Ocean Equities Conference Feb 2026Presentation · MediumExtracted
Operating presentation summarising Endeavor's restart, ore sources, infrastructure, production profile and exploration opportunity.
- Document ID
- blue-ocean-presentation-20260203
- Published UTC
- 2026-02-02T22:20:13Z
- Projects
- endeavor
- Commodities
- silver · zinc · lead
31 December 2025 Quarterly ReportOperations · HighExtracted
December 2025 quarterly covering the staged restart after a fatal incident, reduced grades and continued production ramp-up.
- Document ID
- dec25-quarterly
- Published UTC
- 2026-01-13T22:54:45Z
- Projects
- endeavor
- Commodities
- silver · zinc · lead
September 2025 Quarterly ReportOperations · HighExtracted
September 2025 quarterly describing ramp-up, concentrate production, debt repayment, liquidity and first zinc shipment logistics.
- Document ID
- sep25-quarterly
- Published UTC
- 2025-10-09T22:31:14Z
- Projects
- endeavor
- Commodities
- silver · zinc · lead
Annual Report to shareholdersResults · HighExtracted
FY2025 annual report covering the Endeavor restart, first production, financing, audited financial statements, tenements and resource-reserve disclosures.
- Document ID
- annual-report-2025
- Published UTC
- 2025-09-28T23:13:07Z
- Projects
- endeavor
- Commodities
- silver · zinc · lead · gold
Significantly Improved Endeavor Silver Lead Zinc Mine PlanStudy · HighExtracted
Issuer updated ten-year mine plan superseding the 2023 restart study: pre-tax real NPV8 A$414m and FCF A$609m at US$28/oz silver, US$2,860/t zinc, US$2,160/t lead and AUD:USD 0.67. The production target uses 29% inferred resources.
- Document ID
- endeavor-plan-20240805
- Published UTC
- 2024-08-04T23:00:00Z
- Projects
- endeavor
- Commodities
- silver · zinc · lead
Completion of Endeavor Mine AcquisitionTransaction · HighExtracted
Polymetals announced transfer of the Endeavor operating entities and 100% project ownership, including a 1.2 Mtpa plant and 1,100 square kilometres of tenements.
- Document ID
- acquisition-20240801
- Published UTC
- 2024-07-31T20:52:55Z
- Projects
- endeavor
- Commodities
- silver · zinc · lead
Endeavor Silver Lead Zinc Mine Restart Study completedStudy · HighExtracted
Mine Restart Study for a ten-year Endeavor restart using existing infrastructure, with explicit reserves, production, price assumptions and project economics.
- Document ID
- endeavor-mrs-20231016
- Published UTC
- 2023-10-15T21:15:04Z
- Projects
- endeavor
- Commodities
- silver · zinc · lead
Evidence facts79
201022552 AUD
2023-10-1623733607 AUD
2023-10-1610 years
2023-10-165600000 tonnes
2023-09-302750 USD/t
2023-10-162200 USD/t
2023-10-1623 USD/oz
2023-10-160.67 AUD:USD
2023-10-16100 percent
2024-08-0116300000 tonnes
2024-08-01June 2025 None
2025-06-3036000 dmt
2025-06-3015667 dmt
2025-09-3078100 oz
2025-12-31400000 tonnes
2026-02-275000000 tonnes
2026-02-27True None
2025-12-31562500 shares
2026-03-06307494927 shares
2026-03-1027778000 AUD
2026-03-3145758000 AUD
2026-06-3010240000 AUD
2026-06-3029054000 AUD
2026-06-3010714000 AUD
2026-06-3013300000 AUD
2026-06-3022642000 AUD
2026-06-30308744927 shares
2026-06-30396485 oz
2026-06-303268 t
2026-06-302061 t
2026-06-30114036 tonnes
2026-06-3027956000 AUD
2026-07-2819000000 AUD
2026-07-28100 percent
2026-07-31618750 shares
2026-08-06308113677 shares
2026-08-07100002365 AUD
2026-06-30-47042826 AUD
2026-06-30-21807149 AUD
2026-06-30-9257841 AUD
2026-06-3019658063 AUD
2026-06-3026451171 AUD
2026-06-3010656368 AUD
2026-06-3028129672 AUD
2026-06-3030065625 AUD
2026-06-301250000 options
2026-09-08six years None
2026-09-085000000 AUD
2026-06-30David Sproule; Jess Oram; John Haley; Brad Stanmore None
2026-09-086600000 tonnes
2026-09-08material uncertainty None
2026-09-08414000000 AUD
2024-08-05609000000 AUD
2024-08-056600000 tonnes
2024-08-0528 USD/oz
2024-08-052860 USD/t
2024-08-052160 USD/t
2024-08-050.67 USD/AUD
2024-08-0510600000 oz
2024-08-05260000 tonnes
2024-08-0590000 tonnes
2024-08-0529 percent
2024-08-0520700000 tonnes
2026-07-317.5 percent
2026-07-314.2 percent
2026-07-3182 g/t
2026-07-311600000 tonnes
2026-07-3163 percent
2026-07-31344000 tonnes
2026-07-316-12 months None
2026-08-13late 2026 None
2026-08-13coming months None
2026-08-132000000 oz
2026-08-13312472 shares
2026-09-23308426149 shares
2026-09-241250000 options
2026-09-242026-11-12 None
2026-08-250.85 AUD/share
2026-09-25272301 shares
2026-09-25Conflicts requiring judgment2
- ordinary shares outstanding
The 24 September Appendix 2A reports the latest issued ordinary class total of 308,426,149, superseding the August class table and inconsistent June quarterly total.
- 30 June 2026 cash
The annual financial statements report audited cash and equivalents of A$19.658m; the quarterly A$29.054m caption includes receivables and is not the same cash definition.