Polymetals Resources (ASX:POL) advanced the mine restart of the Endeavor silver-zinc mine in New South Wales, according to a Wednesday filing with the Australian bourse.
Surface refurbishment activities are ongoing in the area, with underground readiness advancing on schedule, the filing said.
The mining firm secured a $20 million loan facility to develop the project, with the first cash flow scheduled for the first half of next year.
Polymetals acquired Endeavor in 2023 after being in care and maintenance since 2020. The filing added that it had operated for 38 continuous years before that.
Company shares rose nearly 8% in recent Wednesday trade.
Price (AUD): $0.82, Change: $+0.06, Percent Change: +7.89%
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