Further Growth Opportunities

Second POX line Economic rationale for in-house processing Significant cost savings $220 $60 ~ US$ 100/ oz cost economy Improvement in Au recovery ~ US$ 40-80/ oz to revenue $110 90% $40 $160 $70 Off-take In-house Processing cost/oz. Transportation cost/oz. ▲ POLYMETAL INTERNATIONAL PLC 93-96% Off-take In-house | 29

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