Endeavor Mine Acquisition Streamlined for Production Revival

Polymetals Resources Ltd (ASX: POL) has finalized revised agreements with CBH Resources Ltd (CBH), a Toho Zinc Co., Ltd subsidiary, accelerating the acquisition of the Endeavor Silver, Zinc & Lead Mine in NSW. The new arrangements grant Polymetals full ownership of the mine and extend the replacement period for the Endeavor Mine Rehabilitation Bond by two years, easing financial pressure. 

With 1,100km2 of exploration tenements included, Polymetals aims to restart production by H1 2025, injecting vital employment and revenue into the local community. The completion of the acquisition is contingent upon shareholder approval. Upon finalization, Polymetals plans to swiftly secure project funding and commence mine restart activities, buoyed by a favorable base metal price environmen.

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