Polymetals Resources Ltd (ASX: POL) has officially secured full ownership of the Endeavor mine in New South Wales. The company confirmed it has completed the acquisition of Cobar Infrastructure Pty. Ltd., a move that provides the developer with total control over the asset. Alongside this ownership transfer, the company successfully finalised the discharge of all associated vendor security.

This transaction represents a significant consolidation of the company's position within the Cobar Basin. By obtaining full ownership, Polymetals Resources aims to streamline its operational management and advance its strategy of building a high-grade silver and zinc production profile. The Endeavor project serves as the core pillar of this portfolio, with the company focusing on leveraging existing site infrastructure to drive output.

The business model deployed at the project combines near-term cash flow generation from ongoing mining activities with a program of systematic near-mine and regional exploration. This dual approach is designed to extend the life of the asset while identifying additional precious and base metals resources across the broader tenement package. By utilizing established mine infrastructure, the company intends to maintain a disciplined approach to capital allocation as it scales operations.

The successful completion of this acquisition reinforces the company's objective to establish itself as a primary silver and zinc producer in one of Australia’s most prospective polymetallic districts. The transition to full ownership provides the necessary corporate structure to support continued production and resource growth as the team continues to apply its technical expertise to the underground workings. This milestone marks the conclusion of a long-standing acquisition process, effectively clearing the path for the company to focus entirely on operational execution and long-term value delivery for its shareholders.

Read the full announcement: Completion of Endeavor Mine Acquisition