Endeavor Mine

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Polymetals (ASX: POL) acquired the Endeavor Mine in 2023 and formally took control in August 2024. Endeavor is a major underground silver/lead/zinc mine, located 40km north-west of Cobar in Central-West NSW. Since then, Polymetals has delivered an initial 10-year mine plan, secured a US $20million (A$30million) loan facility, and are now progressing to restart mining operations in early 2025 and begin concentrate production by mid-2025. It’s an exciting time for Endeavor and the Cobar region, with significant employment opportunities now coming to market for the Endeavor Mine restart: one of Australia’s major base metals mines.

Cobar

Cobar is a well-established mining town with shopping, education and health services and a range of recreation , social and sporting facilities. Cobar is only 3 hours drive from the major regional city of Dubbo. Cobar is very accessible to all the Eastern States capitals with daily flights between Cobar and Sydney and is within one days’ driving distance to Adelaide, Melbourne, Sydney and Brisbane