Price, volume & events
CloseVolumeFair-value rangeOverlay
Loading market history…
Drag to zoom · double-click to reset
- Last 2026-11-06
- A$0.43
- 1D
- —
- 1M
- —
- YTD
- —
- 1Y
- —
- Fair value
- Locked: sign in to view
- Upside
- Locked: sign in to view
- Mkt cap
- A$132.6M
- EV
- A$155.5M
- Cash
- A$7.4M
- Debt
- A$28.9M
Investment view
Rating locked: sign in to view
Investment view
Our rating, thesis and what the price implies are available to subscribers.
Sign in or enter a guest codeAnnouncements
Latest 12 of 8All sources ▸- September 2026 Quarterly Report (Appendix 5B)Operations
- Local register and substantial holder file for POL (ownership/POL/investors.json)Governance
- Annual Report to shareholders, year ended 30 June 2026Results
- Endeavor Mine 2026 Mineral ResourceResource Update
- Completion of Endeavor Mine AcquisitionCorporate Action
- Exchange of Endeavor Mine Rehabilitation BondFinancing
- 30 June 2026 Quarterly ReportOperations
- Endeavor Silver Lead Zinc Mine Restart Study completed (superseded)Study
Event calendar · next 12 months
10 events| Timing | Event | Category | Confidence | Materiality | Investor relevance |
|---|---|---|---|---|---|
| Term ends about November 2026 (inferred from the 12-month term) | Maturity of the A$5m related-party loan (12-month term from November 2025) | Other | Inferred | Medium | A repayment or extension of A$5m would move liquidity directly; the repayment mechanism is not described in the documents read. |
| First ore expected in the December quarter 2026 (company-guided) | First ore from Upper Main Lode development | Production | Company Guided | High | Tests the high-grade ore source (234 g/t Ag) that underpins the December quarter plan. |
| Expiry 23 November 2026 (issuer) | Expiry of 1,250,000 Ocean Partners options at A$1.00 | Corporate Action | Confirmed | Medium | Out of the money at the reference price; no dilution expected unless the share price exceeds A$1.00. |
| December quarter 2026 (company-guided) | Updated Endeavor Ore Reserve release (targeted December quarter 2026) | Resource Or Reserve | Company Guided | High | Replaces the 2024 reserve (6.6 Mt) that the valuation relies on; a larger reserve is needed to support the conversion case. |
| December quarter 2026 report, expected late January 2027 (inferred from the quarterly cycle) | December quarter 2026 production against 105-115 kt and more than 350 koz silver plan | Production | Inferred | High | The September quarter missed plan by about 26% on silver; a second miss would confirm the throughput problem. |
| H1 CY2027 (company target from February 2026 presentation) | Deep Zinc Lode mill fill at about 100,000 t per month (company target) | Production | Company Guided | High | The mill runs at about 0.27-0.46 Mtpa against a 1.2 Mtpa nameplate; mill fill is the main throughput lever. |
| Targeted close in H1 CY2027 (company-guided) | Enlarged financing facility of about A$50m (targeted close) | Financing | Company Guided | High | Funds the Upper Main Lode and Deep Zinc Lode development and the working-capital peak; terms unknown. |
| February 2027 (inferred from the prior year's February half-year filing) | Half-year accounts to 31 December 2026 | Results | Inferred | Medium | Going-concern assessment and half-year cash bridge. |
| August to October 2027 (inferred from the prior year's September filing) | FY2027 annual report to shareholders | Results | Inferred | Medium | Audited FY2027 cash flow and reserve reconciliation. |
| 16 October 2027 (issuer) | Repayment date of the A$3m shareholder loan (16 October 2027, or earlier at the company's election) | Financing | Confirmed | Medium | Within the 12-month horizon only if repaid early; reduces funding headroom by A$3m. |
Executive roster
As of 2026-11-06Background checks ▸Key management personnel in the FY2026 annual report (directors and CFO/company secretary, and the GM Endeavor Mine appointed 11 March 2026); GM Corporate taken from the issuer leadership page as recorded in the local management review of 9 October 2026. Non-executive director excluded from this roster.
| Executive | Title | Normalized role | Appointed | Sources |
|---|---|---|---|---|
| David Sproule | Executive Chairman · Acting CEO | Executive Director · Chief Executive | — | Annual Report to shareholders, year ended 30 June 2026 |
| Jess Oram | Executive Director, Technical Director | Executive Director · Technical | 2025-01-13 | Annual Report to shareholders, year ended 30 June 2026 |
| John Haley | Chief Financial Officer · Company Secretary | Finance · Company Secretary | — | Annual Report to shareholders, year ended 30 June 2026 |
| Brad Stanmore | General Manager, Endeavor Mine | Operations · Senior Management | 2026-03-11 | Annual Report to shareholders, year ended 30 June 2026 |
| Linden Sproule | GM Corporate and Investor Relations | Senior Management | — | POL management assessment (management/POL/summary.md, cutoff 2026-10-09) · September 2026 Quarterly Report (Appendix 5B) |
devCoverage status: Partial
Portfolio detail
Assets
Core asset
Endeavor silver-zinc-lead mine, Cobar NSW
AU
Ramping Producer100% ownedSilverZincLeadGold
Ramping producer. First concentrate shipments July 2025; FY2026 revenue A$100.0m with a A$47.0m loss. Quarterly plan for December 2026 is 105-115 kt ore and more than 350 koz silver; underground contract-mining transition to RND Resources due by end 2026.
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$414M8% discount
IRR345%Published return
Initial capexA$28MPublished capital estimate
Operating cost1,215,000,000AUD life of mine including capital lines
NPVA$201M8% discount
IRR91%Published return
Initial capexA$23.7MPublished capital estimate
Pre-tax real NPV8 at the study deck; 10-year plan; 9.55 Mt ore; payable zinc 260 kt, lead 90 kt, silver 10.6 Moz
Pre-tax NPV8 at the October 2023 deck; superseded
Resources & reserves6
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | Measured | 5.9 Mt | 7.6% Zn, 4.6% Pb, 82 g/t Ag | Zinc · Lead · Silver | 2026-07-31 |
| Mineral Resource | Indicated | 11.1 Mt | 7.5% Zn, 4.3% Pb, 86 g/t Ag | Zinc · Lead · Silver | 2026-07-31 |
| Mineral Resource | Inferred | 3.7 Mt | 7.4% Zn, 3.1% Pb, 70 g/t Ag | Zinc · Lead · Silver | 2026-07-31 |
| Mineral Resource | Upper Main Lode (within total) | 1.6 Mt | 8.5% Zn, 6.0% Pb, 234 g/t Ag | Zinc · Lead · Silver | 2026-07-31 |
| Mineral Resource | Sector 1 tailings (Indicated 3.6 Mt, Inferred 1.6 Mt; excluded from the 2026 MRE) | 5.2 Mt | 2.12% Zn, 1.55% Pb, 79 g/t Ag | Zinc · Lead · Silver | 2023-09-30 |
| Ore Reserve | Proved and probable (UG proved 0.9 Mt; UG probable 2.3 Mt; tailings probable 3.4 Mt) | 6.6 Mt | 4.32% Zn, 2.04% Pb, 73 g/t Ag | Zinc · Lead · Silver | 2024-08-05 |
Tenements5
Milestones4
- Updated Endeavor Ore Reserve (all orebodies) released
Pending · High materiality
- First ore from Upper Main Lode development
Pending · High materiality
- Mill fill from Deep Zinc Lode at about 100,000 t per month (company target)
Pending · High materiality
- Enlarged financing facility of about A$50m (targeted close H1 CY2027)
Pending · High materiality
Permits & approvals2
| Permit | Jurisdiction | Status | Expiry | Critical path |
|---|---|---|---|---|
| NSW mining leases ML 158-161 and ML 930 (rehabilitation bond conditions) | NSW | Granted | 2028-03-12 | Yes |
| NSW Resources Regulator rehabilitation bond (A$30.9m) with A$2.947m payment plan to 2028 | NSW | Granted | 2028-06-30 | Yes |
Economic studies2
| Study | Stage | Status | Date | Summary |
|---|---|---|---|---|
| Significantly Improved Endeavor Silver Lead Zinc Mine Plan (Endeavor Mine Plan, 10-year) | Operating Plan | Current | 2024-08-05 | Pre-tax real NPV8 A$414m, IRR 345%, pre-tax FCF A$609m, payback 14 months, pre-production capital A$28m, maximum cash drawdown A$30m. Price deck flat real: US$2,860/t zinc, US$2,160/t lead, US$28/oz silver, AUD:USD 0.67. 29% of the production target is Inferred. |
| Endeavor Silver Lead Zinc Mine Restart Study (October 2023) | PFS | Superseded | 2023-10-16 | Pre-tax NPV8 A$201m, IRR 91%, pre-production capital A$23.7m; superseded by the August 2024 mine plan. |
Material
Cobar Infrastructure property portfolio (42 houses, four unit blocks of 51 rooms, industrial land)
AU
Care And Maintenance100% ownedSilver
Non-mining property held by Cobar Infrastructure Pty Ltd, 100% owned since 31 July 2026. Income and carrying value not separately disclosed; independently valued at A$19m.
Other
Northern Cobar Basin exploration and near-mine drilling (about 1,107 km2 tenure)
AU
Early Explorer100% ownedSilverZincLeadGoldCopper
Exploration: Upper Main Lode resource defined; regional drilling at Furneys Tank, Kirri, No. 4 Tank and Boundary Tank commenced 1 October 2026. Valued at explicit zero (no economic resource outside Endeavor).
Tenements1
Milestones1
- Regional drilling commenced on priority Northern Cobar Basin prospects
Achieved · Medium materiality
Other
Guinea gold exploration licences (Alahine EL22123, Mansala EL22694)
GN
Early Explorer100% ownedGold
Both licences awaiting renewal; no exploration activity in FY2026; carried at zero.
Tenements2
Funding, performance and ownership
Financials & Capital
Liquidity
Financial position
Liquidity is tight: A$7.4m unrestricted cash and A$6.2m undrawn facilities at 30 September 2026, against an A$28.0m restricted bond guarantee. Ocean Partners (US$10m increase drawable from 22 October 2026) and an A$3m shareholder loan (16 October 2026) support working capital; a larger A$50m facility is targeted for H1 CY2027 and remains unsigned. The FY2026 audit carried a material going-concern uncertainty.
Inventory composition1
Net payable metal inventory A$4.8m at 30 September 2026, down from A$22.6m at 30 June 2026 after shipments and the September production shortfall.
- Unsold net payable silver-lead-zinc concentrate and DSO inventory (estimated value), 30 September 2026
- A$4.8M carrying
Capital structure
Ownership and dilution
- Ordinary shares
- 308.4M
- Fully diluted
- 311.4M
308,744,927 shares at 30 June 2026 (annual report note 20) less 318,778 reduction to 308,426,149 reported in the September 2026 quarterly (not explained in the documents read; open item). Fully diluted adds 2,931,250 allocated unvested performance rights; the 1,250,000 options at A$1.00 are out of the money at the A$0.43 reference price and are excluded; unallocated rights are not granted.
Security classes4
| Class | Type | Quantity | Strike | Expiry |
|---|---|---|---|---|
| Ordinary fully paid shares | Ordinary Share | 308.4M | — | — |
| Options held by Ocean Partners UK (exercise A$1.00) | Option | 1.2M | A$1 | 2026-11-23 |
| Performance rights, allocated, unvested (included in the fully diluted count) | Performance Right | 2.9M | — | — |
| Performance rights, unallocated (excluded: not granted) | Performance Right | 6.8M | — | — |
Actuals and forecasts
Financial statements
| AUD | Unit | Trend | FY2025A | FY2026A |
|---|---|---|---|---|
| Operations | ||||
| Ore processed | kt | — | 357.7 | |
| Silver recovered | Moz | — | 1.11 | |
| Unit costs | ||||
| Operating cost per tonne ore (incl. royalties) | AUD/t ore | — | 358.9 | |
| Profit and loss | ||||
| Revenue | AUDm | 0.0 | 100.0 | |
| Net loss after tax | AUDm | (47.8) | (47.0) | |
| Operating costs including royalties | AUDm | — | 133.2 | |
| EBITDA | AUDm | — | (33.2) | |
| Cash flow | ||||
| Operating cash flow | AUDm | (36.8) | (21.8) | |
| Capex (sustaining plus growth) | AUDm | 12.6 | 8.1 | |
| Free cash flow (operating less capex) | AUDm | (49.4) | (29.9) | |
| Balance sheet | ||||
| Cash (unrestricted) | AUDm | 8.4 | 19.7 | |
| Borrowings | AUDm | 24.7 | 26.5 | |
| Net debt | AUDm | 16.3 | 6.8 | |
| Per share | ||||
| Shares on issue | m shares | 249.1 | 308.7 | |
| Multiples and ratios | ||||
| EV / EBITDA (x, current EV) | x | — | (4.7) | |
| P / E (x, current market cap) | x | (2.8) | (2.8) | |
| FCF yield (current market cap) | % | -37.3% | -22.6% | |
| EBITDA margin | % | — | -33.2% | |
| Net debt / EBITDA (x) | x | — | (0.2) | |
KPI history
Operating metrics
Operating metric source table26
| Metric | Project | Period | Period type | Value | Status |
|---|---|---|---|---|---|
| Silver recovered, Sep 2025 quarter | Endeavor Mine | Sep 2025 quarter | Quarter | 86,513 oz silver | Reported |
| Silver recovered, Dec 2025 quarter | Endeavor Mine | Dec 2025 quarter | Quarter | 78,100 oz silver | Reported |
| Silver recovered, Mar 2026 quarter | Endeavor Mine | Mar 2026 quarter | Quarter | 547,302 oz silver | Reported |
| Silver recovered, Jun 2026 quarter | Endeavor Mine | Jun 2026 quarter | Quarter | 396,485 oz silver | Reported |
| Silver recovered, Sep 2026 quarter | Endeavor Mine | Sep 2026 quarter | Quarter | 230,256 oz silver | Reported |
| Ore processed, Sep 2025 quarter | Endeavor Mine | Sep 2025 quarter | Quarter | 90,292 t ore processed | Reported |
| Ore processed, Dec 2025 quarter | Endeavor Mine | Dec 2025 quarter | Quarter | 78,198 t ore processed | Reported |
| Ore processed, Mar 2026 quarter | Endeavor Mine | Mar 2026 quarter | Quarter | 75,132 t ore processed | Reported |
| Ore processed, Jun 2026 quarter | Endeavor Mine | Jun 2026 quarter | Quarter | 114,036 t ore processed | Reported |
| Ore processed, Sep 2026 quarter | Endeavor Mine | Sep 2026 quarter | Quarter | 68,334 t ore processed | Reported |
| Endeavor revenue, Dec 2025 quarter (management table) | Endeavor Mine | Dec 2025 quarter | Quarter | 4.62 AUD m | Reported |
| Endeavor revenue, Mar 2026 quarter (management table) | Endeavor Mine | Mar 2026 quarter | Quarter | 27.78 AUD m | Reported |
| Endeavor revenue, Jun 2026 quarter (management table) | Endeavor Mine | Jun 2026 quarter | Quarter | 45.76 AUD m | Reported |
| Endeavor revenue, Sep 2026 quarter (management table) | Endeavor Mine | Sep 2026 quarter | Quarter | 30.99 AUD m | Reported |
| Group operating costs (incl. corporate and finance), Sep 2025 quarter | Endeavor Mine | Sep 2025 quarter | Quarter | 34.35 AUD m group operating cost | Reported |
| Group operating costs (incl. corporate and finance), Dec 2025 quarter | Endeavor Mine | Dec 2025 quarter | Quarter | 29.69 AUD m group operating cost | Reported |
| Group operating costs (incl. corporate and finance), Mar 2026 quarter | Endeavor Mine | Mar 2026 quarter | Quarter | 29.39 AUD m group operating cost | Reported |
| Group operating costs (incl. corporate and finance), Jun 2026 quarter | Endeavor Mine | Jun 2026 quarter | Quarter | 35.02 AUD m group operating cost | Reported |
| Group operating costs (incl. corporate and finance), Sep 2026 quarter | Endeavor Mine | Sep 2026 quarter | Quarter | 32.83 AUD m group operating cost | Reported |
| Revenue FY2026, audited | Endeavor Mine | FY2026 (year to 30 June 2026) | Year | 100 AUD m | Reported |
| Statutory operating loss before D&A and finance costs FY2026 | Endeavor Mine | FY2026 (year to 30 June 2026) | Year | -33.2 AUD m | Reported |
| Net operating cash flow FY2026 (company level) | Company | FY2026 (year to 30 June 2026) | Year | -21.81 AUD m | Reported |
| Cash at bank, audited, 30 June 2026 | Company | 30 June 2026 | Point In Time | 19.66 AUD m | Reported |
| Unrestricted cash, 30 September 2026 (excludes A$27.956m restricted bond cash) | Company | 30 September 2026 | Point In Time | 7.38 AUD m | Reported |
| Drawn loans and equipment finance, 30 September 2026 | Company | 30 September 2026 | Point In Time | 28.92 AUD m | Reported |
| Borrowings, audited, 30 June 2026 | Company | 30 June 2026 | Point In Time | 26.45 AUD m | Reported |
Company guidance3
| Metric | Project | Period | Low | High | Status |
|---|---|---|---|---|---|
| Ore Processed (December Quarter 2026 Plan) | endeavor-mine | December quarter 2026 | 105,000 | 115,000 t | Current |
| Silver Production (December Quarter 2026 Plan) | endeavor-mine | December quarter 2026 | 350,000 | — oz | Current |
| September 2026 Quarter Plan (Ore Processed About 93 Kt; Silver About 330 Koz); Actual 68,334 T And 230,256 Oz | endeavor-mine | September 2026 quarter | 330,000 | — oz | Missed |
Capital history
Capital events
| Date | Event | Amount | Shares | Price | Status | Terms |
|---|---|---|---|---|---|---|
| 2026-10-22 | Debt | A$14.3M | — | — | Announced | — |
| 2026-10-16 | Debt | A$3M | — | — | Completed | — |
| 2026-08-15Ann. 2026-08-01 | Debt | A$14.3M | — | — | Completed | — |
| 2026-03-17Ann. 2025-12-22 | BuybackOrdinary Shares (Loan Funded Share Plan) | A$196.9K | 562.5K | A$0.35 | Completed | Selective buy-back of 562,500 loan-funded shares held by directors after an ASX Listing Rule 10.14 approval lapse; approved at the 20 February 2026 EGM and cancelled on 6 March 2026.Max 562.5K · Period 2026-02-20 to 2026-03-06 · Holder approval required |
| 2025-12-11Ann. 2025-12-03 | Raising | A$34.4M | 39.5M | — | Completed | — |
| 2025-11-01 | Debt | A$5M | — | — | Completed | — |
| 2025-07-14Ann. 2025-07-07 | Raising | A$15M | 18.8M | — | Completed | — |
| 2025-02-17Ann. 2025-02-10 | Raising | A$35M | 43.8M | — | 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.
Arrangements disclosed in the FY2026 annual report notes (16, 17, 20, 26, 27, 32) and the September 2026 quarterly, plus the 2024 Metals Acquisition alliance; the Environmental Bond is treated as a closure item in the valuation, not as an arrangement.
Ocean Partners UK is the concentrate offtaker and prepayment lender. Concentrate pricing uses LME and LBMA averages over five days before shipment with treatment charges referenced to Korea Zinc-Teck and Cannington benchmarks. US$10m was drawn in August 2026 and a further US$10m increase was executed on 22 October 2026. Ocean Partners is also a shareholder (4,875,000 shares).
Offtake · Active- Counterparties
- Ocean Partners UK Limited
- Applies to
- Endeavor silver-zinc-lead mine, Cobar NSW · Zinc · Silver · Lead
- Economic direction
- Mixed
- Period
- 2024-11-06 to 2030-11-06
- Key terms
- Six-year offtake of zinc and silver-lead concentrates (no toll-treated ore): 6 years
Revolving prepayment and loan facility limit: 10,000,000 USD
Interest: 6 % over 12-month SOFR
Repayment: 10 % of facility per quarter after six-month grace
Share subscription and options: 1,118,280 shares (plus 2,500,000 options, 1,250,000 exercised)
Arrangement fee: 1 % of drawn funds
How it affects our valuation
No valuation treatment is available for this arrangement.
Alliance with the adjacent CSA copper mine owner to share Cobar infrastructure synergies; the documents read do not state current operating terms, so no cash flow is modelled.
Strategic Partnership · Unknown- Counterparties
- Metals Acquisition Corp (Australia) Pty Ltd
- Applies to
- Endeavor silver-zinc-lead mine, Cobar NSW
- Economic direction
- Mixed
- Period
- From 2024-05-27; no end date stated
- Key terms
- Shares issued under alliance: 7,142,857 shares at A$0.35 (1 April 2025)
How it affects our valuation
No valuation treatment is available for this arrangement.
Contract underground mining labour with RND Resources; contract rates are not disclosed, so the cost effect is carried in the operating cost assumptions rather than as a separate term.
Other · Active- Counterparties
- RND Resources
- Applies to
- Endeavor silver-zinc-lead mine, Cobar NSW · Silver
- Economic direction
- Burden
- Period
- From 2026-09-01; no end date stated
- Key terms
- Underground mining labour transition to contract labour, completion expected by end 2026: — text
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 | — |
The closest covered peers
Peer comparison
Peer comparison pending
No peer comparison has been saved for this company.
An on-demand analysis selects up to five closest peers and checks what their differences mean for independent fair value.
Narrative and provenance
Research & Sources
AI Analyst Report
The full analyst report, its figures and the broker-style PDF are available to subscribers and invited guests.
Sign in or enter a guest codeChronological evidenceSource-document inventory14 documents
POL ASX daily close 6 November 2026 (local market database)Market Data · LowExtracted
Reference price for the valuation: latest eligible ASX close, 6 November 2026, A$0.43, volume 1,016,339 shares, fresh (0 days). Local provider: market data provider via miners.collect_stock_prices.
- Document ID
- asx-close-20261106
- Published UTC
- 2026-11-06T00:00:00+00:00
- Projects
- —
- Commodities
- silver
Silver, zinc spot and AUD:USD (local metal price database, 5 November 2026)Commodity Data · MediumExtracted
Spot and trailing averages from data/metal_prices.db via market_snapshot (silver market data provider futures SI=F, zinc market data provider futures ZNC=F). Silver 1-year average US$69.07/oz, 3-year US$44.08/oz; zinc 1-year average US$2,964/t. AUD per USD 1.4554 on 5 November 2026.
- Document ID
- commodity-spot-20261105
- Published UTC
- 2026-11-05T00:00:00+00:00
- Projects
- endeavor-mine
- Commodities
- silver · zinc
September 2026 Quarterly Report (Appendix 5B)Operations · HighPartial
September 2026 quarter: 230,256 oz silver, 68,334 t ore processed, operating cash outflow A$2.2m, unrestricted cash A$7.4m, A$28.0m restricted bond cash, A$28.9m drawn debt, A$6.2m undrawn facilities, December quarter target 105-115 kt and more than 350 koz silver, 308,426,149 shares. Image pages 1, 8 and 17 are not used for numbers.
- Document ID
- sep26-quarterly
- Published UTC
- 2026-10-27T00:00:00+00:00
- Projects
- endeavor-mine
- Commodities
- silver · zinc · lead
Local register and substantial holder file for POL (ownership/POL/investors.json)Governance · MediumMetadata Only
Local research product (cutoff 2026-10-09) that restates the top-20 register from the annual report p.82 as at 30 July 2026 and notes an unresolved 1 October 2026 cessation notice. Used to cross-check the register; the register facts are cited to the annual report.
- Document ID
- ownership-investors-json
- Published UTC
- 2026-10-09T00:00:00+00:00
- Projects
- endeavor-mine
- Commodities
- silver
POL management assessment (management/POL/summary.md, cutoff 2026-10-09)Governance · MediumMetadata Only
Local screening review of current executives. Executive team score 39/100 with low evidence confidence; records the 2025 Listing Rule 10.14 approval lapse and the Endeavor fatalities of 28 October 2025 with no individual attribution. Not used for facts; role titles are cross-checked against the annual report pages 25-27.
- Document ID
- management-assessment-20261009
- Published UTC
- 2026-10-09T00:00:00+00:00
- Projects
- endeavor-mine
- Commodities
- silver
Annual Report to shareholders, year ended 30 June 2026Results · HighPartial
FY2026 audited statements (loss A$47.0m, revenue A$100.0m, operating cash outflow A$21.8m), production physicals, 30 June 2026 resource and reserve tables, share register at 30 July 2026, Ocean Partners facility terms, environmental bond commitments and going-concern note. Pages 1-2, 4, 7-9, 12-14, 20 and 35 are image pages and were not used for numbers.
- Document ID
- annual-report-fy26
- Published UTC
- 2026-09-08T00:00:00+00:00
- Projects
- endeavor-mine · cobar-property-portfolio
- Commodities
- silver · zinc · lead · gold
Endeavor Mine 2026 Mineral ResourceResource Update · HighPartial
Updated in-situ Mineral Resource at 5% Pb+Zn cut-off, depleted to 31 July 2026: 20.7 Mt, 54.3 Moz silver, 1.55 Mt zinc, 0.86 Mt lead; Upper Main Lode 1.6 Mt; tailings excluded; density reduced 5%. Image pages 6, 8-9, 11, 13-14 not used for numbers.
- Document ID
- endeavor-mre-20260907
- Published UTC
- 2026-09-07T00:00:00+00:00
- Projects
- endeavor-mine
- Commodities
- silver · zinc · lead
Completion of Endeavor Mine AcquisitionCorporate Action · HighExtracted
Completion of the final acquisition step: vendor security discharged and 100% of Cobar Infrastructure Pty Ltd acquired.
- Document ID
- acquisition-completion-20260731
- Published UTC
- 2026-07-31T00:00:00+00:00
- Projects
- endeavor-mine · cobar-property-portfolio
- Commodities
- silver · zinc · lead
Exchange of Endeavor Mine Rehabilitation BondFinancing · HighExtracted
The A$27,956,000 vendor-held bond was exchanged for a Macquarie bank guarantee funded from restricted cash; the Cobar Infrastructure real estate portfolio was independently valued at A$19 million.
- Document ID
- rehab-bond-exchange-20260728
- Published UTC
- 2026-07-28T00:00:00+00:00
- Projects
- endeavor-mine · cobar-property-portfolio
- Commodities
- silver · zinc · lead
30 June 2026 Quarterly ReportOperations · HighPartial
June 2026 quarter operating cash flow A$10.4m and June quarter production; used for the quarterly production series and the cash-to-net-inventory bridge. Cash and debt at 30 June are taken from the audited report where the two differ.
- Document ID
- jun26-quarterly
- Published UTC
- 2026-07-14T00:00:00+00:00
- Projects
- endeavor-mine
- Commodities
- silver · zinc · lead
Silver Institute outlook: structural deficits (Kitco, 10 February 2026)Commodity Data · MediumMetadata Only
Web search snippet only (no page read): Silver Institute outlook cites a sixth consecutive market deficit in 2026 with sources disagreeing on its size (about 46 Moz to 67 Moz). Context for the silver deck; not an anchor and no facts are taken from it.
- Document ID
- silver-outlook-kitco-20260210
- Published UTC
- 2026-02-10T00:00:00+00:00
- Projects
- endeavor-mine
- Commodities
- silver
Presentation to Blue Ocean Equities Conference, February 2026Presentation · MediumPartial
Company presentation: 1.6 Mt Deep Zinc Lode and mill-fill target of 100,000 t per month in H1 CY2027; Upper North Lode 818,000 t at 338 g/t Ag. Most pages are image-based; figures are issuer guidance and not used as valuation inputs beyond the mill target.
- Document ID
- blue-ocean-presentation-20260203
- Published UTC
- 2026-02-03T00:00:00+00:00
- Projects
- endeavor-mine
- Commodities
- silver · zinc · lead
Significantly Improved Endeavor Silver Lead Zinc Mine Plan (ASX release 5 August 2024)Study · HighPartial
Current Endeavor study (superseding the October 2023 restart study): pre-tax NPV8 real A$414m, IRR 345%, pre-tax free cash flow A$609m over a 10-year plan, 9.55 Mt ore, payable zinc 260 kt, lead 90 kt, silver 10.6 Moz, pre-production capital A$28m, price deck US$2,860/t zinc, US$2,160/t lead, US$28/oz silver, AUD:USD 0.67, flat real. Retrieved into downloads/POL for this run (see retrieved-manifest.json).
- Document ID
- endeavor-plan-20240805
- Published UTC
- 2024-08-05T00:00:00+00:00
- Projects
- endeavor-mine
- Commodities
- silver · zinc · lead
Endeavor Silver Lead Zinc Mine Restart Study completed (superseded)Study · MediumPartial
October 2023 restart study, superseded by the August 2024 plan. Read pages 1, 4 and 8 only (228-page document): pre-tax NPV8 A$201m, IRR 91%, pre-production capital A$23.7m, Pre-tax NPV A$162m at spot metal prices (A$250m at +10%). Historical reference only.
- Document ID
- endeavor-mrs-20231016
- Published UTC
- 2023-10-16T00:00:00+00:00
- Projects
- endeavor-mine
- Commodities
- silver · zinc · lead
Evidence facts34
100002365 AUD
2026-06-30-47042826 AUD
2026-06-30-21807149 AUD
2026-06-3019658063 AUD
2026-06-30308744927 shares
2026-06-30249063677 shares
2025-06-30material uncertainty disclosed None
2026-06-3020.7 Mt
2026-07-313.7 Mt
2026-07-31230256 oz
2026-09-30-2211000 AUD
2026-09-307382000 AUD
2026-09-30308426149 shares
2026-09-3010440000 AUD
2026-06-3027956000 AUD
2026-07-2819000000 AUD
2026-07-28100000 t per month
2027-06-30414000000 AUD
2024-08-05609000000 AUD
2024-08-0528000000 AUD
2024-08-059.55 Mt
2024-08-0528.0 USD/oz
2024-08-052860 USD/t
2024-08-052160 USD/t
2024-08-050.67 USD per AUD
2024-08-05201022552 AUD
2023-10-160.43 AUD per share
2026-11-061016339 shares
2026-11-0652.233 USD/oz
2026-11-0569.0691 USD/oz
2026-11-0544.0794 USD/oz
2026-11-054193.5 USD/t
2026-11-052964.3745 USD/t
2026-11-051.4554 AUD per USD
2026-11-05Conflicts requiring judgment2
- cash at 30 June 2026
The June quarterly reports A$29.1m including A$9.5m of receivables due; the audited balance sheet reports A$19.658m cash. The audited figure is used for the balance-date record and the quarterly unrestricted figure is used after 30 June.
- ordinary shares latest count
The September 2026 quarterly count of 308,426,149 is the latest dated count and is used; it is 318,778 below the 30 June count, which the documents do not explain in detail and is noted as an open item.