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Polymetals Resources POL.AX · AUD

Materials · ASX · 🇦🇺 Australia

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0.46

+6.98%

Close of 9 Nov 2026, in AUD

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About Polymetals Resources

Its shares trade on ASX under the ticker POL.AX. It has been listed since 29 June 2021. In the fiscal year to 30 June 2026, it reported revenue of A$100.0m and a net loss of A$47.0m. At that date it held total assets of A$118.5m and shareholders' equity of A$21.1m.

Polymetals Resources Ltd. is a holding company, which engages in the exploration of gold reserves. The company is headquartered in Sydney, New South Wales. The company went IPO on 2021-06-29. The firm is focused on exploring two 100% owned exploration licenses within Guinea’s Siguiri Basin, which encompasses a total area of approximately 112 square kilometers (km2). The Company’s exploration licenses include Alahine and Mansala. The Alahine project encompasses an area of approximately 64.2 km2 and there are three areas with gold anomalism extending over approximately eight kilometers (km) in length. The Mansala Project encompasses an area of approximately 48.2 km2 to the south of Alahine. Its project also includes the Endeavor Project, which is situated in the Cobar structural zone and is located approximately 30 km north of the CSA Copper Mine and 40 km north-west of Cobar in central-New South Wales. The Project includes over five mining leases and three exploration licenses covering approximately 1,100 km2.

Figures and description from our data supplier, not checked against the company's own report.

Company facts

Sector
Materials
Industry
Metals & Mining
Listed since
29 Jun 2021

Leadership

Pay as last reported

  • Mr. David SprouleExecutive Chairman of the Board, since 2020A$36,000
  • Mr. John HaleyChief Financial Officer, Company Secretary
  • Mr. Jess OramExecutive Director Exploration, since 2023
  • Mr. Alistair BartonNon-Executive Director

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
0
Environment
0
Social
0
Governance
0

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • Polymetals Resources Ltd. explores 112 km2 in Guinea's Siguiri Basin with two 100% owned licenses.
  • Alahine project covers 64.2 km2 with three gold anomalies over eight km.
  • Mansala Project spans 48.2 km2 south of Alahine in Guinea's Siguiri Basin.

Weaknesses

  • Polymetals Resources Ltd. focuses solely on exploration without production.
  • The company has no operational mines in Guinea or Australia.
  • Exploration licenses require significant capital investment for development.

Opportunities

  • Guinea's Siguiri Basin offers potential for gold discoveries in Alahine and Mansala projects.
  • The Endeavor Project in Cobar covers 1,100 km2 with five mining leases.
  • Cobar structural zone near CSA Copper Mine provides strategic location for exploration.

Threats

  • Exploration in Guinea faces political and regulatory risks in mining sector.
  • Guinea's mining sector has unstable governance affecting operations.
  • High capital requirements for exploration may delay project development.

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
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