Polymetals Resources Ltd and Metals Acquisition Limited form a strategic alliance to enhance value from Endeavor and CSA Copper Mines in the Cobar Basin, NSW Australia, with MAC investing up to $5.
Polymetals Resources Ltd (ASX: POL) announces a strategic alliance with Metals Acquisition Limited (ASX: MAC) to enhance value from Endeavor and CSA Copper Mines in the Cobar Basin, NSW Australia. This non-exclusive alliance enables each company to exploit synergies between neighbouring mines, with MAC investing up to $5.0 million in POL. The collaboration includes treating high-grade zinc ore at POL's Endeavor Silver Zinc Mine and providing MAC with excess water offtake to improve CSA ore treatment capacity.
May 27, 2024
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