New Risk • Apr 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 15% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-AU$70m free cash flow). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (27% increase in shares outstanding). New Risk • Apr 13
New major risk - Revenue and earnings growth Earnings have declined by 83% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$70m free cash flow). Earnings have declined by 83% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (27% increase in shares outstanding). New Risk • Mar 04
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 56% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$70m free cash flow). Shareholders have been substantially diluted in the past year (56% increase in shares outstanding). New Risk • Mar 02
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$70m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-AU$70m free cash flow). Minor Risk Shareholders have been diluted in the past year (28% increase in shares outstanding). New Risk • Jan 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (56% increase in shares outstanding). Revenue is less than US$1m (AU$335k revenue, or US$226k). Minor Risk Share price has been volatile over the past 3 months (14% average weekly change). Bekanntmachung • Dec 05
Polymetals Resources Ltd has completed a Follow-on Equity Offering in the amount of AUD 34.365 million. Polymetals Resources Ltd has completed a Follow-on Equity Offering in the amount of AUD 34.365 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 39,500,000
Price\Range: AUD 0.87
Transaction Features: Subsequent Direct Listing Bekanntmachung • Dec 04
Polymetals Resources Ltd has filed a Follow-on Equity Offering in the amount of AUD 34.365 million. Polymetals Resources Ltd has filed a Follow-on Equity Offering in the amount of AUD 34.365 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 39,500,000
Price\Range: AUD 0.87
Transaction Features: Subsequent Direct Listing Bekanntmachung • Nov 28
Polymetals Resources Ltd has filed a Follow-on Equity Offering in the amount of AUD 1.25 million. Polymetals Resources Ltd has filed a Follow-on Equity Offering in the amount of AUD 1.25 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,250,000
Price\Range: AUD 1
Transaction Features: Subsequent Direct Listing New Risk • Sep 20
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (38% increase in shares outstanding). Revenue is less than US$1m (AU$319k revenue, or US$210k). Minor Risk Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Recent Insider Transactions • Aug 23
Executive Chairman recently bought AU$100k worth of stock On the 21st of August, David Sproule bought around 138k shares on-market at roughly AU$0.73 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was David's only on-market trade for the last 12 months. Bekanntmachung • Aug 18
Polymetals Resources Ltd, Annual General Meeting, Nov 21, 2025 Polymetals Resources Ltd, Annual General Meeting, Nov 21, 2025. Price Target Changed • Jul 15
Price target decreased by 7.4% to AU$1.25 Down from AU$1.35, the current price target is provided by 1 analyst. New target price is 64% above last closing price of AU$0.76. Stock is up 176% over the past year. The company is forecast to post a net loss per share of AU$0.061 next year compared to a net loss per share of AU$0.021 last year. New Risk • Jul 15
New major risk - Revenue and earnings growth Earnings have declined by 43% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 43% per year over the past 5 years. Revenue is less than US$1m (AU$319k revenue, or US$209k). Minor Risk Shareholders have been diluted in the past year (30% increase in shares outstanding). Bekanntmachung • Jul 14
Polymetals Resources Ltd has completed a Follow-on Equity Offering in the amount of AUD 15 million. Polymetals Resources Ltd has completed a Follow-on Equity Offering in the amount of AUD 15 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 18,750,000
Price\Range: AUD 0.8
Transaction Features: Subsequent Direct Listing Bekanntmachung • Jul 08
Polymetals Resources Ltd has filed a Follow-on Equity Offering in the amount of AUD 15 million. Polymetals Resources Ltd has filed a Follow-on Equity Offering in the amount of AUD 15 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 18,750,000
Price\Range: AUD 0.8
Transaction Features: Subsequent Direct Listing New Risk • Apr 15
New major risk - Revenue and earnings growth Earnings have declined by 43% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 43% per year over the past 5 years. Shareholders have been substantially diluted in the past year (53% increase in shares outstanding). Revenue is less than US$1m (AU$319k revenue, or US$203k). New Risk • Apr 02
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 53% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (53% increase in shares outstanding). Revenue is less than US$1m (AU$319k revenue, or US$200k). Bekanntmachung • Apr 01
Polymetals Resources Ltd has completed a Follow-on Equity Offering in the amount of AUD 5 million. Polymetals Resources Ltd has completed a Follow-on Equity Offering in the amount of AUD 5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 7,142,857
Price\Range: AUD 0.35
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 7,142,857
Price\Range: AUD 0.35
Transaction Features: Subsequent Direct Listing Bekanntmachung • Mar 14
Polymetals Resources Ltd has completed a Follow-on Equity Offering in the amount of AUD 0.4235 million. Polymetals Resources Ltd has completed a Follow-on Equity Offering in the amount of AUD 0.4235 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 529,375
Price\Range: AUD 0.8 Bekanntmachung • Feb 15
Polymetals Resources Ltd has completed a Follow-on Equity Offering in the amount of AUD 35 million. Polymetals Resources Ltd has completed a Follow-on Equity Offering in the amount of AUD 35 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 41,250,000
Price\Range: AUD 0.8
Discount Per Security: AUD 0.04
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 2,500,000
Price\Range: AUD 0.8
Discount Per Security: AUD 0.012
Transaction Features: Subsequent Direct Listing Major Estimate Revision • Feb 12
Consensus EPS estimates upgraded to AU$0.011 loss The consensus outlook for fiscal year 2025 has been updated. 2025 losses forecast to reduce from -AU$0.017 to -AU$0.011 per share. Revenue forecast steady at AU$20.7m. Metals and Mining industry in Australia expected to see average net income growth of 26% next year. Consensus price target down from AU$1.35 to AU$1.30. Share price fell 8.0% to AU$0.81 over the past week. Buy Or Sell Opportunity • Feb 03
Now 23% undervalued Over the last 90 days, the stock has risen 18% to AU$0.82. The fair value is estimated to be AU$1.07, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 4,782% in a year. Earnings are forecast to decline by 0.8% in the next year. New Risk • Jan 15
New major risk - Revenue and earnings growth Earnings have declined by 43% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 43% per year over the past 5 years. Revenue is less than US$1m (AU$428k revenue, or US$265k). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Shareholders have been diluted in the past year (25% increase in shares outstanding). Bekanntmachung • Jan 14
Polymetals Resources Ltd Appoints Jess Oram as Executive Director Exploration Polymetals Resources Ltd. announced the appointment of Company Director Mr. Jess Oram to a full time, Executive Director Exploration role. Mr. Oram will focus on driving growth for the company through the discovery of new orebodies within the company's portfolio of exploration tenements. Mr. Oram is an exploration geologist with a career that has spanned 35 years. He is a driven, field focused and technically oriented explorationist, having broad and deep experience across many commodities. His career has traversed Australia, Canada, sub-Sahara Africa, Solomon Islands, and Vietnam. Mr. Oram also has significant listed company corporate management experience, has been a director of Polymetals since 18 May 2023 and has been actively involved in guiding the Endeavor Project data compilation and exploration planning over the past two years. Buy Or Sell Opportunity • Jan 13
Now 22% undervalued Over the last 90 days, the stock has risen 112% to AU$0.82. The fair value is estimated to be AU$1.06, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 4,095% in a year. Earnings are forecast to decline by 54% in the next year. New Risk • Dec 19
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Revenue is less than US$1m (AU$428k revenue, or US$266k). Minor Risk Shareholders have been diluted in the past year (29% increase in shares outstanding). Buy Or Sell Opportunity • Dec 16
Now 24% undervalued Over the last 90 days, the stock has risen 215% to AU$0.82. The fair value is estimated to be AU$1.08, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 4,095% in a year. Earnings are forecast to decline by 54% in the next year. Bekanntmachung • Sep 03
Polymetals Resources Ltd, Annual General Meeting, Nov 19, 2024 Polymetals Resources Ltd, Annual General Meeting, Nov 19, 2024. Bekanntmachung • Jul 25
Polymetals Resources Ltd has completed a Follow-on Equity Offering in the amount of AUD 6.72 million. Polymetals Resources Ltd has completed a Follow-on Equity Offering in the amount of AUD 6.72 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 22,000,000
Price\Range: AUD 0.28
Discount Per Security: AUD 0.0168
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 2,000,000
Price\Range: AUD 0.28
Transaction Features: Subsequent Direct Listing Bekanntmachung • Jul 16
Polymetals Resources Ltd has filed a Follow-on Equity Offering in the amount of AUD 1.96 million. Polymetals Resources Ltd has filed a Follow-on Equity Offering in the amount of AUD 1.96 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 5,000,000
Price\Range: AUD 0.28
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 2,000,000
Price\Range: AUD 0.28
Transaction Features: Subsequent Direct Listing Bekanntmachung • Jun 15
Polymetals Resources Ltd has completed a Follow-on Equity Offering in the amount of AUD 6.16 million. Polymetals Resources Ltd has completed a Follow-on Equity Offering in the amount of AUD 6.16 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 22,000,000
Price\Range: AUD 0.28
Discount Per Security: AUD 0.0168
Transaction Features: Subsequent Direct Listing Bekanntmachung • Jun 06
Polymetals Resources Ltd has filed a Follow-on Equity Offering in the amount of AUD 6.16 million. Polymetals Resources Ltd has filed a Follow-on Equity Offering in the amount of AUD 6.16 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 22,000,000
Price\Range: AUD 0.28
Discount Per Security: AUD 0.0168
Transaction Features: Subsequent Direct Listing New Risk • May 31
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 54% per year over the past 5 years. Revenue is less than US$1m (AU$250k revenue, or US$166k). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (21% increase in shares outstanding). Market cap is less than US$100m (AU$65.9m market cap, or US$43.9m). Bekanntmachung • May 29
Polymetals Resources Ltd has filed a Follow-on Equity Offering. Polymetals Resources Ltd has filed a Follow-on Equity Offering.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 7,142,857
Price\Range: AUD 0.35
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 7,142,857
Transaction Features: Subsequent Direct Listing New Risk • Mar 15
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$6.7m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$6.7m free cash flow). Earnings have declined by 55% per year over the past 5 years. Shareholders have been substantially diluted in the past year (86% increase in shares outstanding). Revenue is less than US$1m (AU$250k revenue, or US$165k). Minor Risk Market cap is less than US$100m (AU$40.2m market cap, or US$26.5m). Bekanntmachung • Dec 01
Polymetals Resources Ltd has filed a Follow-on Equity Offering in the amount of AUD 8.115639 million. Polymetals Resources Ltd has filed a Follow-on Equity Offering in the amount of AUD 8.115639 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 25,361,372
Price\Range: AUD 0.32
Transaction Features: Rights Offering Bekanntmachung • Sep 15
Polymetals Resources Ltd, Annual General Meeting, Nov 15, 2023 Polymetals Resources Ltd, Annual General Meeting, Nov 15, 2023. Recent Insider Transactions • Sep 15
Executive Chairman recently bought AU$125k worth of stock On the 13th of September, David Sproule bought around 410k shares on-market at roughly AU$0.30 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. David has been a buyer over the last 12 months, purchasing a net total of AU$262k worth in shares. Recent Insider Transactions • Jul 29
Executive Chairman recently bought AU$64k worth of stock On the 27th of July, David Sproule bought around 199k shares on-market at roughly AU$0.32 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. David has been a buyer over the last 12 months, purchasing a net total of AU$137k worth in shares. Recent Insider Transactions • Apr 20
Non-Executive Director recently bought AU$98k worth of stock On the 17th of April, Alistair Barton bought around 350k shares on-market at roughly AU$0.28 per share. This transaction increased Alistair's direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$147k more in shares than they have sold in the last 12 months. Board Change • Nov 16
Less than half of directors are independent There are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Non-Executive Chairman David Sproule is the most experienced director on the board, commencing their role in 2020. Independent Non-Executive Director Chris Schroor was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Bekanntmachung • Sep 24
Polymetals Resources Ltd, Annual General Meeting, Nov 25, 2022 Polymetals Resources Ltd, Annual General Meeting, Nov 25, 2022, at 10:00 AUS Eastern Standard Time. Location: Addisons Lawyers Level 12, 60 Carrington Street Sydney Australia Agenda: To consider the nominations for election as a director. Bekanntmachung • Aug 25
Polymetals Resources Ltd identifies Multiple Targets at Mansala Gold Project Polymetals Resources Ltd. announced that the recently completed 500 line-kilometre airborne magnetic survey (Aeromagnetic survey has identified 8 targets within the company's wholly owned Mansala Gold Project (Mansala) in Guinea, West Africa. The airborne magnetic survey at Mansala was conducted by AeroPhysX in June 2022 on 100m- line spacings. The objective of the approximately 500-line km survey was to provide detaileddata to determine the structural controls of mineralisation and information on the nature and disposition of host rocks currently obscured by lateritic cover. The geophysical data has been processed and an initial geological interpretation and target generation program has been carried out with eight (8) high order geophysical targets identified. Images of processed aeromagnetic data show NW - NNW and NE - NNE magnetic lineamentspattern, as well as lithological and structural features that may have controlled the localisation of the known gold mineralisation. Another key structural feature identified is the intense folding with axial planes along NNW and NNE directions that may influence mineralisation. High-Priority Geophysical Targets: Two high-priority geophysical targets identified from the airborne magnetic survey at Mansala intersect the known NNE trend of strongly anomalous gold found in artisanal pit sampling in the NE quadrant of the permit. During the wet season compilation and further refinement of interpretation of all currently available data will be undertaken. Drilling programs for both Alahiné and Mansala tenements will be planned. For all bottom-of-hole samples collected during previous auger drilling programs and recent soil samples collected on the Mansala licence trace element abundances including pathfinder elements such as As, Ag, Sb, Mo, Cr, Te and W will be measured by portable X-ray Fluorescence (pXRF) Analyser. Anomalous abundances of some or all of these elements may signal the presence of mineralisation at depth, in which case, further follow-up will be undertaken. Bekanntmachung • Aug 15
Polymetals Resources Ltd Announces Highly Encouraging Assay Results Received from the Phase 3 Drilling Program at its Alahiné Gold Project Polymetals Resources Ltd. announced highly encouraging assay results received from the Phase 3 drilling program at its Alahiné Gold Project (Alahiné), located in Guinea's Siguiri Basin, West Africa. The objective of Polymetals' efforts at Alahiné is to discover "Siguiri-style" mineralisation akin to the AngloGold Ashanti >10Moz Siguiri Gold Mine, located 37km west of the Alahiné licence. The company recently completed the Alahiné Phase 3 drilling program, which comprised 74 Reverse Circulation (RC) drill holes on 17 traverse lines for a total of 6,385m. Drilling commenced 14 June 2022 and was completed 05 July 2022. The drilling program was conducted by OreSearch Drilling, with an average hole depth of 85m and the deepest hole being 150m. Most of the holes were angled at -60° at an azimuth of 270° with 6 test holes at an azimuth of 90° and 10 holes at an azimuth of 310° to test targets based on mapped geology. Samples were submitted for fire assay at the SGS laboratory in Bamako, Mali. POL confirms strike continuity The Phase 3 drilling program at the Alahiné Gold Project focussed on confirming the strike continuity and down-dip extent of mineralised intersections reported from previous drilling programs. In addition, the program aimed to extend mineralisation to the south, along strike of the known mineralised areas. Gold is associated with quartz-carbonate-pyrite veins and veinlets within zones of moderately silica-carbonate altered Birimian metasedimentary rocks. In addition to the quartz vein hosted gold, broad intervals of felsic intrusive-hosted narrow quartz veins are mineralised with the gold associated with fine grained disseminated pyrite. Mineralisation appears to boudinage (swell and pinch) along strike and remain open at depth in the southern half of the mineralised zone. The drilling intersected mineralisation on infill drill traverses along strike, down-dip and up-dip of follow-up previous drill holes. Drilling has also successfully demonstrated continuity of mineralisation over a strike length of 1700m. In addition, better grades and thicknesses were noted in the 500m interval from 1293950N to 1294450N. Bekanntmachung • Aug 11
Polymetals Resources Ltd Announces Executive Changes Polymetals Resources Ltd. announced to welcome to its Board experienced geologist Mr. Alistair Barton as Non-Executive Director. Mr. Barton, a geologist, brings 45 years of extensive exploration, operational and corporate experience to the Board. His domestic and international commodity experience includes gold, base metals, industrial minerals and rare earths. Mr. Barton has held the positions of Managing Director for ASX listed Probe Resources, General Manager of Exploration for Barrack Mines, General Manager of Operations for Barrack Mines, Operations Manager for McIlwraith Minerals and various Project Management positions. Mr. Barton has operated his own consultancy practice providing technical and corporate advice tothe resources sector, carrying out numerous resource project due diligence studies, feasibility studies and independent experts reports for project funding and developments. He was also a joint venture partner in the Wolfram Camp Mine development in Far North Queensland. The Company also advises of the retirement of Non-Executive Director Dr. Chris Johnston, effective immediately. Bekanntmachung • Jul 28
Polymetals Resources Ltd Announces Multiple High-Priority Targets Identified at Alahiné Gold Prospect Polymetals Resources Ltd. announced that its recently completed 700 line-kilometre airborne magnetic survey has identified ten (10) targets within the Company's wholly owned Alahiné Gold Project ("Alahiné") in Guinea, West Africa. In addition, the Company advises that its Phase 3 RC Program at Alahiné has been completed for a total of 6,385m. Fortuitously, the Company was able to include two (2) of the high priority targets identified in the Aeromagnetic survey in the Phase 3 drill program as a result of timely receipt of the survey results. The objective of Polymetals' efforts at Alahiné is to discover "Siguiri-style" mineralisation akin to the AngloGold Ashanti >10Moz Siguiri Gold Mine, located 37km west of the Alahiné licence. The airborne magnetic survey at Alahiné was conducted by AeroPhysX in May 2022 on 100m- line spacings. The objective of the 700-line km survey was to provide detailed data to determine the structural controls of mineralisation and information on the nature and disposition of host rocks currently obscured by lateritic cover. The geophysical data has been processed and an initial geological interpretation and target generation program has been carried out, illuminating at least 10 high order geophysical targets. Two high-priority geophysical targets identified from the airborne magnetic survey at Alahinéwere included within the recent Phase 3 RC program. Bekanntmachung • Jun 15
Polymetals Resources Ltd Commences its Planned 6,100M Phase 3 Reverse Circulation Drilling Program at its Wholly Owned Alahiné Gold Project in Guinea, West Africa Polymetals Resources Ltd. announced that it has commenced its planned 6,100m Phase 3 Reverse Circulation (RC) drilling program at the Company's wholly owned Alahiné Gold Project (Alahiné) in Guinea, West Africa. Confirm strike continuity: The objective of the Phase 3 program is to test the strike continuity of the delineated mineralized zone. Thirty-Five (35) holes totaling 3,170m are planned to test the strike extent of broad zones of mineralization identified within previous drilling through step out traverses located 200m north and south of the Company's 2021 Phase 2 traverses. A further thirteen (13) holes totaling 1,510m will test the updip and downdip extent of mineralized zones intersected during previous drilling programs. The significant Siguiri-style mineralized sections from previous drilling include: AH21ARC066: 14m @ 1.14 g/t Au; AH21ARC074: 10m @ 1.32g/t Au; 15m @ 0.92 g/t Au; and 7m @ 1.63g/t Au; AH21ARC103: 19m @ 0.99g/t Au. In addition, Phase 3 drilling will also target previous high-grade end-of-hole intersections examples of which include 1m @ 21.40 g/t Au, 1m @ 7.12 g/t Au and 1m @ 11.56 g/t Au. Optimal drilling direction is yet to be settled in this terrain. To address this, ten (10) holes for 1000m will be drilled on an azimuth of 310º Grid and the results compared with the same mineralized zones intersected during the Company's previous drilling programs on a drill azimuth of 270º Grid. Testing new targets: The program will also test the western limb of a newly identified anticlinal structure at 090º Grid azimuth with 6 holes comprising 420m. NEXT STEPS: Phase 3 RC Program: Polymetals expects to publish initial assay results from the RC program during July 2022. Airborne Magnetic Survey: Polymetals advises that it has completed the aeromagnetic survey at the Alahiné Gold Project and expects to publish the results in June 2022 with any immediate follow up targets to be included within the current Alahiné Phase 3 RC program. Further analysis of Auger drill samples: Trace element abundances including pathfinder elements such as As, Ag, Sb, Mo, Cr, Te and W will be measured by pXRF for all bottom-of-hole samples collected during the recent Auger drilling program conducted on the Alahiné licence. Anomalous abundances of some or all of these elements, may signal the presence of mineralization at depth, in which case, further follow-up will be undertaken. Bekanntmachung • Jun 02
Polymetals Resources Ltd Commences an Aeromagnetic Survey At Mansala Gold Project in Guinea, West Africa Polymetals Resources Ltd. has commenced an aeromagnetic survey at its wholly owned Mansala Gold Project (Mansala) in Guinea, West Africa. The 500-line km aeromagnetic survey at Mansala follows the completion of the 700-line km survey at the Company's Alahiné project during May. The survey will provide detailed data to determine the structural controls of mineralisation and information on the nature and disposition of host rocks currently obscured by lateritic cover. The survey specifications are as follows: Line Spacing: 100m; Traverse Line direction: 090º; Bird Height: Approximately 35m; TMI Data Spacing: Collected at 1000Htz (approx. every 1cm), sub sampled for ease of use to 2m. The airborne magnetic survey is being conducted by AeroPhysX, which the Company believes to be a world leader in UAV exploration systems, having extensive experience operating throughout Africa and internationally. Mansala Auger Program: Since the commencement of the Mansala auger program on 22 February 2022, a total of 6,123m has been drilled comprising 799 holes at an average depth of 7m. The program was completed on a 100m x 50m drill pattern over six delineated Areas. The objective of the auger program was to test gold in soil anomalies supported by coincident pathfinder elements (As, Ag, Bi, Mo, Sb, W and Te). Strong gold anomalies (>1000ppb) without supporting pathfinder elements will be investigated further before drill-testing. Polymetals' auger drilling program was carried out by Sahara Natural Resources with all assays completed by the SGS laboratory in Bamako, Mali. Area F Summary: As reported on 05 May 20222, rock chip sampling returned a number of high-grade assays including 16.70 g/t Au, 8.35 g/t Au, 5.74 g/t Au and 5.48 g/t Au. The strike extent of the mineralised pit sampling trend previously defined is approximately 600m and is open to the north and south. Best auger drill intervals taken at end of hole within Area F include 1m @ 1.09 g/t Au and 1m @ 0.34 g/t Au. Interpretation of auger assays received suggest that Area F is very prospective and likely to have multiple mineralised trends. As a priority, auger assays revealed an additional >300m long eastern mineralised auger trend, near parallel to the mineralised pit sampling trend and likely to merge in the south. Area E Summary: All single station anomalies identified by the auger program are important and warrant further investigation. Mapping and sampling of priority targets within each of the defined areas will confirm the appropriate follow up method. Mansala Infill Soil Sampling: A soil sampling program for XRF analyses has commenced within the western portion of the Mansala licence. The objective of the infill soil sampling programme is to delineate orogenic gold pathfinder elements (As, Ag, Bi, Mo, Sb, W and Te) within the western corridor of the Mansala property. Samples that return with anomalous pathfinder elements will be assayed for Au. All soil samples will be collected from depths of 300 - 500mm beneath the ground surface on a 100m X 25m grid system. The samples will be analysed using portable XRF to test pathfinder elements (As, Ag, Bi, Mo, Sb, W and Te) identified in the district. Results will be used to identify further follow up targets within the Mansala Gold Project. The previous works conducted in December 2020 and subsequent results of the Mansala soil sampling campaign were reported within the Company's Initial Public Offering Prospectus, dated 21 April 2021. Airborne Magnetic Survey: Following interpretation of the results, the survey will be used to identify future drilling targets and further assist in design of ongoing exploration campaigns over the entire Mansala project areas during 2022. The Company expects to publish results from the airborne magnetic survey in Third Quarter 2022. Auger drill sample XRF analysis: XRF analysis for several pathfinder elements will be conducted on all bottom-of-hole intervals to complement geochemical data obtained from the previous soil sampling campaign. Mansala Drilling Program: An initial Reverse Circulation (RC) drill program will be planned for the Mansala licence. Priority areas defined from the pit sampling, auger program and targets to be identified from the airborne magnetic survey will be tested. Bekanntmachung • Apr 28
Polymetals Resources Ltd Commences an Aeromagnetic Survey at its Wholly Owned Alahiné Gold Project in Guinea, West Africa Polymetals Resources Ltd. (‘Polymetals’ or the ‘Company’) has commenced an aeromagnetic survey at its wholly owned Alahiné Gold Project (‘Alahiné’) in Guinea, West Africa. The aeromagnetic survey will cover POL's two gold projects in Guinea Alahiné and Mansala. The Alahiné survey is anticipated to be completed in approximately two weeks, and then progress to the Mansala licence. The survey will be completed at a 100m line spacing targeting an average height of 30m across the total licence areas of Alahiné and Mansala. It is expected that the survey will provide detailed data to determine the structural controls on mineralisation and information on the nature and disposition of host rocks currently obscured by lateritic cover. Additional drill targets will also likely be identified. The airborne magnetic survey will be conducted by AeroPhysX, which the Company believes to be a world leader in UAV exploration systems, having extensive experience operating throughout Africa and internationally. Following interpretation of the results, the survey will be used to identify future drilling targets and further assist in design of ongoing exploration campaigns over the entire Alahiné and Mansala project areas during 2022. Bekanntmachung • Feb 22
Polymetals Resources Ltd Announces Drilling Commences Mansala Gold Project, Guinea Polymetals Resources Ltd. announces that a 5,000m auger drilling program has commenced at the Company's Mansala Gold Project in Guinea, West Africa. MANSALA PREVIOUS FIELD WORKS: Systematic exploration of the Mansala Licence commenced in December 2020 in which an extensive program of reconnaissance soil geochemistry was completed. The previous works and subsequent results of the Mansala soil sampling campaign were reported within the Company's Initial Public Offering Prospectus, dated 21 April 2021. The results of the Mansala Soil Sampling have confirmed that in summary, 5.0km or 10.4% of the area surveyed reported Au values in excess of 40ppb. Of particular interest are gold abundances which are illustrated in Figure 2. A total of eleven (11) samples returned Au assays in excess of 1,000ppb (1g/t) Au, and include values of 93.98g/t, 6.03g/t, 5.85g/t, 2.91g/t, 2.38g/t and 1.10g/t which are plotted. MANSALA AUGER PROGRAM: The Mansala auger drilling program comprises 805 holes totaling 5,000m on a 100m x 50m drill pattern over six delineated zones. The objective of the auger program is to test six mineralised Au in soil anomalies and associated pathfinder elements present (As, Ag, Bi, Mo, Sb, W and Te). The significance of these responses is not known but may be indicative of mineralisation at depth. Numerous artisanal workings in this area lend credence to this possibility. The program aims to provide the Company with Air-Core and Reverse Circulation drill targets within the previously undrilled licence. Bekanntmachung • Feb 11
Polymetals Resources Ltd Provides Drilling Update Polymetals Resources Ltd. provided an update of the ongoing auger drilling program being carried out at the Company's Alahiné Gold Project (Alahiné) in Guinea, West Africa. Since commencement of the Alahiné auger drilling on 22 November 2021, Polymetals has drilled a total of 7,372m comprising 604 holes. The Alahiné program was focussed on targeting previously undrilled prospects which display >100ppb gold in soil anomalies, in addition to testing the near surface high-grade supergene gold anomalies generated by the Phase 2 drilling program. Auger drilling is a rapid and cost-effective exploration method for the collection of bedrock samples below the transported cover. The Company notes the successful use of auger drilling to identify gold mineralisation, with a recent case study being that of one of its peers, Predictive Discovery, which has now delineated a multi-million-ounce gold discovery at its Bankan Project, also in the Siguiri Basin. Polymetals' drill program is being undertaken by Sahara Natural Resources and the samples are being assayed at the SGS laboratory in Bamako, Mali. Ten priority targets, adjacent to >100ppb gold in soil anomalies and nearby artisanal workings were selected for testing within this program. Of the 604 auger holes drilled to date, 406 were completed on a 50 x 100m grid to test previously undrilled anomalies. Assays have been received for 276 holes of these holes with the balance of assays expected shortly. 143 auger holes now remain to be drilled at Alahiné. Saprolite composite samples (typically 4m) collected beneath the lateritic cover have peak grades of 3.58 g/t Au and 0.93 g/t Au. This provides significant encouragement for bedrock gold potential. The results to date have successfully identified new gold anomalies below the transported cover and highlight the potential for a parallel trend within the SE quadrant of the Alahiné Licence. The near surface high grade mineralisation identified within Phase 2 was followed up by targeting gold intercepts AH21ARC096 (1m @ 34.2 g/t Au from 18m)2, AH21ARC057 (8m @ 5.26 g/t Au from surface)3 and AH21ARC125 (3m @ 6.81 g/t Au from 7m)2.198 holes completed on a 20m x 20m grid to test these high grade zones. Composite samples (typically 2 to 4m) collected within the lateritic cover had peak grades of 4.33 g/t Au, 1.02 g/t Au, 10.95 g/t Au and 2.66 g/t Au. See insets A and B, illustrated in Figures 5 and 6 respectively. The results confirmed that the high-grade mineralisation, albeit encouraging presents discontinuously within the lateritic gravels. Bekanntmachung • Nov 22
Polymetals Resources Ltd Commences Planned 10,000M Auger Drilling Program at Alahiné Gold Project Polymetals Resources Ltd. announced that it has commenced a planned 10,000m auger drilling program at the Company's Alahiné Gold Project (Alahiné), located in Guinea's Siguiri Basin, West Africa. Auger drilling will initially focus on near surface high grade supergene gold deposits. This will involve drilling of several examples of this ore type identified by the Company's Phase 2 drilling program. The gold content of the near surface lateritic gravels is variable, but high grade values of 1m at 51.73 g/t in hole AH21ARC0941 and 1m at 96.00 g/t in hole AH21ARC0951are considered very significant. The planned targets proximate to the near surface high grade zones will be completed on a 20m x 20m grid (please refer to figure 3 for further detail). The Company notes the successful use of auger drilling to identify gold mineralisation, with a recent case study being that of one of peers, Predictive Discovery who has now delineated a multi-million ounces gold discovery at its Bankan Project, also in the Siguiri Basin. Predictive undertook considerable auger drilling to look beneath an expansive soil anomaly, and given the relatively low cost of auger drilling, this is a simple cost effective strategy the company is seeking to replicate. The Company has engaged Sahara Natural Resources to complete the auger program. The samples are to be analysed at the SGS laboratory in Bamako, Mali. The planned program will also test several undrilled prospects which display significant (>100ppb) soil Au anomalies. Results from the Phase 2 drilling program suggest that soil values of this magnitude and higher are indicative of near surface high grade supergene gold deposits. Ten priority targets, adjacent to >100ppb gold in soil anomalies and nearby artisanal workings were selected for testing within this program. Testing will be completed on a 50m x 100m grid (please refer to figure 2 for further information). Further preparatory field work and laboratory studies will be carried out to confirm primary gold mineralisation targets within this well-endowed gold exploration licence. Bekanntmachung • Sep 15
Polymetals Resources Ltd Receives the Second Batch of Assay Results Polymetals Resources Ltd. announced it has received the second batch of assay results from its recently completed 7,320m Phase 2 drilling program at its Alahiné Gold Project (Alahiné), located in Guinea's Siguiri Basin, West Africa. The Phase 2 drilling program comprised of 98 drill holes, consisting of 94 Air Core (AC) and 4 Reverse Circulation (RC), for a total of 7,320m. The drilling program was designed to test the prolific artisanal gold workings, areas enclosed by 40 ppb Au-in-soil contour and new priority targets recently identified by the Polymetals exploration team. Polymetals has now received the second batch of assay results from its Alahiné Phase 2 drilling program. A total of 54% of samples submitted for analysis have now been received. The assay results from Line 5 and Line 6 demonstrate significant zones of mineralisation. These zones confirm the N/NE trend interpreted from previous results, 40ppb Au-in-soil contour and adjacent artisanal workings. The remaining 46% of assays from the Phase 2 drilling program are expected at the end of September. The results will enable Polymetals to plan further drilling at Alahiné, aiming to extend the oxide mineralisation in addition to the testing of new targets. Following the Company's release on the change in government, the Company is pleased to advise that its exploration activities at Alahiné and Mansala have remained unaffected by the recent military removal of the president and government in Guinea. Polymetals continues to monitor the situation but remains confident the military action will not affect exploration work or hinder its business strategy. Bekanntmachung • Aug 06
Polymetals Resources Ltd Announces Successfully Completed the Phase 2 Drilling Program at Its 100% Owned Alahiné Project Located in Guinea's Siguiri Basin Polymetals Resources Ltd. announced it has successfully completed the Phase 2 drilling program at its 100% owned Alahiné Project located in Guinea's Siguiri Basin. Since commencement of the Phase 2 drilling on 29 June 2021, Polymetals has drilled a total of 7,320m comprising 94 Air Core (AC) holes for 6,840m and 4 Reverse Circulation (RC) holes for 480m. The Phase 2 Drilling Program was initially planned to incorporate 5,100m of combined RC and AC drilling. Deeper than anticipated weathering has resulted in softer drilling conditions, as such significantly reducing the intended use of RC drilling in favour of the more cost effective and faster AC drilling. An additional 2,220m was completed based on geological interpretations and site geologist recommendations. The 7,320m program was completed by Target Drilling, an Australian-based West African drilling contractor. The first gold assay results are anticipated mid-August and the second sample shipment has been delivered to the SGS laboratory in Bamako, Mali. Receipt of analyses will enable Polymetals to process the results and plan next steps in its Siguiri Basin exploration strategy. Bekanntmachung • Jul 02
Polymetals Resources Ltd Starts 5,100-Metre Phase 2 Air Core and Reverse Circulation Drilling Program At East Alahiné Polymetals Resources Ltd. has started a 5,100-metre phase 2 air core (AC) and reverse circulation (RC) drilling program at the East Alahine prospect within the Alahine Project in Siguiri Gold Basin of Guinea, West Africa. Target Drilling, an Australian-based West African drilling contractor, has been commissioned to complete the Phase 2 drilling program at Polymetals' Alahiné Project. The program is designed to test the area enclosed by the 40 ppb Au-in-soil contour. Numerous productive shallow artisanal gold pits and diggings are present in this area. Phase 2 will continue to test the lateral and vertical extent of the Phase 1 Hole 14 gold mineralised zone, as well as the Siguiri-like shallow oxide gold potential, as demarcated
by the 40 ppb Au-in-soil anomaly contour and by active artisanal gold workings. A senior POL Australian geologist is on-site to manage the program, assisted by four local geologists and the Company's Country Manager. All samples are to be analysed by SGS at their Bamako facility in Mali. Bekanntmachung • Jun 26
Polymetals Resources Ltd has completed an IPO in the amount of AUD 5.2 million. Polymetals Resources Ltd has completed an IPO in the amount of AUD 5.2 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 26,000,000
Price\Range: AUD 0.2
Discount Per Security: AUD 0.012 
