Polymetals Resources Ltd (ASX.POL)

Transaction Summary

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.