Polymetals Resources Ltd (ASX:POL) executed Share Sale and Purchase Agreement to acquire Orana Minerals Pty Ltd from group of shareholders for AUD 9.8 million on March 28, 2023. Polymetals will acquire Orana Minerals by issuing 52 million new fully paid ordinary Polymetals shares to the shareholders of Orana Minerals. In related transaction Cobar Metals Pty Ltd has separately entered into legally binding and unconditional arrangements to acquire a 100% interest in the Endeavor Lead, Zinc & Silver Mine. Transaction is subject to approval from Polymetals shareholder. As of May 12, 2023, Polymetals Resources's shareholder approved the proposed acquisition.

Polymetals Resources Ltd (ASX:POL) completed the acquisition of Orana Minerals Pty Ltd from group of shareholders on May 12, 2023.