Polymetals receives $500k grant from NSW Critical Minerals Activation Fund
Polymetals (ASX:POL) has received $250k of a $500k grant from the NSW Government Critical Minerals Activation Fund.
Cobar Metals, a wholly owned subsidiary of Polymetals, will use the grant to assist in the delivery of the Endeavor mine restart study.
Polymetals non-executive director Alistair Barton said the company is grateful to receive the grant.
“Polymetals and its wholly owned subsidiary, Cobar Metals, are grateful to receive this generous support from the New South Wales Government to assist our restart of the Endeavour Mine, one of the state’s largest silver-zinc-lead mines,” he said.
“The funding has been allocated for work undertaken as part of the Endeavor mine restart study which will be completed during the December quarter.
“The Endeavor mine is recognised as a state significant project which hosts zinc and silver as critical minerals as well as lead, gold and copper.
The $130m NSW Critical Mineral and High-Tech Metals Activation Fund was initiated in 2022 to drive investment and development of critical minerals projects, and position NSW as a major global supplier in the sector.
Grant amounts ranged from $300k to $500k with prior recipients including Aeris Resources, Peel Mining, Australian Strategic Materials and Future Battery Industries.
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