Polymetals Resources (ASX:POL) has revamped the Endeavor processing plant, with all saleable silver-lead and zinc concentrate being produced to plan at the Endeavor mine in New South Wales.
The company said it will be exporting zinc concentrates from Berth 29 in Adelaide in 10,000 dry metric tonne parcels with silver-lead concentrate to be initially exported in 5,000 dry metric tonne parcels.
Polymetals, which has a market capitalisation of $196.76 million, says silver-lead concentrate movement from the site will follow after the first zinc shipment has taken palace.
Executive Chairman Dave Sproule says milling operations are settling down well and the company is addressing various maintenance issues as they arise.
“Pre-payment against holding certificates has been arranged with Ocean Partners to assist with working capital needs,” Sproule says.
“The site continues to mill medium grade ore whilst optimising processing to receive increasing primary feed grade and high-grade silver ore in the coming months.”
The Endeavor Mine is an underground asset which Polymetals’ considers to be the second largest mine, behind the CSA Copper Mine, in Australia’s richest polymetallic region — the Cobar Basin.
Polymetals Resources is a mining company focused on becoming Australia’s next silver and zinc producer.
Write to Aaliyah Rogan at Mining.com.au
Images: Polymetals Resources
