Polymetals Resources (ASX:POL) said it is progressing the restart of its Endeavor silver-zinc mine in New South Wales and it expects commissioning to occur in April and first ore processing in May, according to a Wednesday Australian bourse filing.
The firm is on track to deliver its first cash flow during the June quarter, per the filing.
The exploration team completed plans to acquire 18 line-kilometres of induced polarisation geophysics over high-priority prospects.
These surveys, set to commence in the second quarter, will be followed by geological mapping and surface geochemistry to define new drill targets.
Its shares rose past 7% on market close Wednesday,
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.