Australia's Polymetals Resources gains on revised deal to buy NSW mine

Polymetals Resources

14/05/2024 06:37

** Shares of mineral explorer Polymetals Resources  POL.AX 
up 11.1% at A$0.3
    ** Stock set for best day since April 16, if gains hold
    ** Co says it revised agreements with CBH Resources, a unit
of Japan's Toho Zinc Co  5707.T , to secure ownership of
Endeavor silver, zinc & lead mine in New South Wales
    ** POL says, will now finalise project financing and
expedite mine restart activities, upon completion of the revised
agreements 
    ** Stock down ~13% YTD, as of last close
 

 (Reporting by Ayushman Ojha in Bengaluru)
 ((Ayushman.ojha@thomsonreuters.com;))