
resumption of freighting concentrate from the mine. ▪ Photo contributed
Polymetals Resources Ltd has this week released an update on their re-start activities at the Endeavor Mine, 40km north of Cobar.
Polymetals’ executive chairman, Dave Sproule said their focus has remained on capital efficient and timely refurbishment activities to ensure planned cash flow is achieved during the first half of 2025.
“We are very pleased with progress to date with the recommencement of mining activities underground, including our first blasting and trucking activities, and refurbishment of the mill all progressing well,” Mr Sproule reported.
“Early mining of high-grade silver Upper North Lode ore remains a core strategy, and we are looking forward to a rewarding year ahead for our stakeholders.
“It is also most gratifying to receive continued market recognition and the significant increase in new shareholders joining our register.
“We expect this trend to continue as the project is further derisked toward production.
“Near mine exploration also remains in focus, with carpark drilling and geophysical surveys underway,” Mr Sproule said.
Surface and underground refurbishment activities have continued on site with senior management, technical and supervisory staff now employed.
The recruitment of underground operators and tradespeople (electrical, fixed and mobile) continues, with processing operators now also being onboarded.
The Company reports 79 full time personnel are now employed at Endeavor which is expected to grow to a full contingent of over 200 staff by the third quarter of 2025.
Underground development rehabilitation works commenced in December 2024 with the arrival on site of various mobile underground equipment.
The company is particularly focussed on the high grade Upper North Lode (UNL).
As reported in Polymetals’ December quarterly report, the Company is progressing with a potential modification of mining methods to improve the extraction and productivity of the high-grade silver UNL mineralisation because of recent favourable geotechnical drilling results and related mining studies.
Refurbishment of the process plant and surface infrastructure continues with a current focus on the ore feed and grinding circuits.
Specialist technicians have been engaged to ensure the primary SAG and Secondary Ball mills are fully operational.
The three Larox concentrate filters are also being inspected and refurbished as required by external technicians.
Mr Sproule said all other general refurbishment, fabrication and maintenance of the process plant is being completed by Polymetals’ own Project and Operations teams.