Polymetals Resources Ltd (ASX.POL)

Gold Exploration

INDUSTRY

Resources

Company Overview

Transaction Summary

Polymetals Resources Ltd (ASX.POL)

This offer closed June 2021. If you would like to discuss anything in relation to this company please contact us for further information.

All information on this page was current as at the date of closure.

Company Overview

Polymetals Resources Ltd is an Australian company (ASX.POL), focussed on mineral exploration with a specific initial focus on gold exploration. Polymetals’ 100% owned subsidiary Golden Guinea Resources SARL (Golden Guinea), a private entity incorporated in Guinea, owns two exploration licences within the Siguiri Basin, Guinea, West Africa.
Key Investment Details

West Africa’s Siguiri Basin in Guinea is world renowned for its significant gold endowment.

Polymetals’ exploration licences are located within the Siguiri Basin 37km east of Anglo Gold Ashanti’s Siguiri Gold Mine which has produced +6.6m ounces of gold of a 14moz resource.

The licences have a very high level of gold anomalism with over 18km2 (16%) of the total area covered by +40ppb gold.

Phase 1 drilling shows promising grade intersections to depth, characteristic of economic deposits of the type recognised regionally.

Significant discovery potential with drilling to commence immediately post listing.