Polymetals has delivered highly encouraging initial exploration results for the Turner River gold project that support an immediate advance to a Scoping Study. Soil sampling and drilling indicate a significant gold deposit, while the proximity of Polymetals' accompanying Turner River base metals project offers additional near term value potential.
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Polymetals Mining
www.polymetals.com.au/Polymetals Mining (ASX: PLY) is an Australian mining company focused on precious and base metal production.
The company has current production, positive cashflows and tenements including the 25% owned Drew Hill Project (White Dam Gold Mine) in South Australia with JV Partner Exco Resources (ASX: EXS) - currently in production; and the 100% owned Canbelego Project (Mt Boppy Gold Mine) in NSW which has an existing 87,000 ounce gold inventory.
In-Depth Polymetals Mining Articles
Archive-
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24/09/2012
Polymetals Mining acquires Lansdowne Resources, early gold and base metals production
Polymetals is expanding its portfolio with the full acquisition of Lansdowne Resources, together with the rights to earn a 75% interest in the Turner River Gold and Base Metals Joint Venture and the option to purchase a 75% interest in the Wingina Well gold resource. These assets offer near term production potential from existing resources.
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19/07/2012
Polymetals Mining remains focused on extending White Dam Gold Mine production life
Polymetals has initiated an extensive drilling campaign at Drew Hill with the goal of defining additional resources for an increased mine life, while at the Canbelego project the company has the potential for a resource upgrade after some new gold discoveries.
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07/02/2012
Polymetals Mining eyes potential 55% increase in half year profit
Polymetals has raised its expected profit for the half year to December 2011 to $4.5 to $5.1 million, an increase of between 55% and 76%, with strong production, high commodity prices and an asset sale all contributing.
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10/01/2012
Polymetals obtains uplift from higher equity interest in Drew Hill project
Polymetals has increased its equity interest in the Drew Hill Project by 25%. This involves the White Dam Mine (Hannaford Pit), the Vertigo Project, and Drew Hill exploration tenements. The move provides a solid foundation for growth in 2012/13.
Polymetals Mining News
Archive04/04/13
Polymetals Mining to review potential corporate merger25/02/13
Polymetals Mining appoints Frank Terranova to the board20/08/12
Polymetals Mining appoints Allied Gold’s Frank Terranova as new chief executive officer10/08/12
Polymetals Mining expects net profit of up to A$6.1m for 201230/05/12
Polymetals Mining chairman raises shareholding with on market purchase
Presentations & Company Media
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23/11/2011
Polymetals Mining (Presentation)
Related Research & Media
Current Operations:
Overview of Projects
For More Details about Each Project, Click Below:
Canbelego - Mt Boppy Gold Mine
Canbelego Exploration
Drew Hill - White Dam Gold Project
Drew Hill Exploration
Management
Major Shareholders
No info available.
Contact Information
The Samford Corporate Centre is the
registered office of the Polymetals Group.
Located 30 minutes from Brisbane CBD, it
houses the corporate, financial, technical
management and administration functions
of the group.
29 Main Street
Samford Qld 4520
Phone: 07-3289 3313
Fax: 07-3289 3314
emal: hoadmin@polymetals.com
Website: http://www.polymetals.com.au/
Corporate Information
No info available.
Additional Information
| Market: | ASX |
| Sector: | General Mining |
| EPIC: | PLY |
| Latest Price: | 0.21
(-8.70%  ) |
| 52-week High: | 0.69 |
| 52-week Low: | 0.21 |
| Market Cap: | 8.04M |
