Polymet is a copper/gold exploration company, established to secure exploration tenements in the Lachlan Fold Belt of NSW. The Company was granted EL8983, an 11km2 exploration licence area known as Mayfield, on 18 March 2020 for a two-year period (a renewal application has been submitted). In January 2022, a second exploration area, known as the Shoalhaven Project (EL9343) covering 127km2 approximately a kilometre to the east of Mayfield, was granted. Both licences are located about 35km north of Braidwood, NSW.
As shown in the diagram, Polymet’s tenements are located within an area of high activity in relation to mineral exploration and mining activity in NSW.
Both tenements are located with easy access off an all-weather unsealed public road and both lie within easy driving distance of the significant urban centres of Goulburn and Braidwood.
The projects outlined on this website, other than the coal assets, are subject to an acquisition. Please see the Prospectus on the Investors and Investor Centre pages for further information.