Exploration Strategy

  • Map & sample

    The project areas have seen little modern exploration but can quickly progress by mapping and surface sampling

  • Fly magnetic & EM surveys

    Heli-mounted magnetic and EM surveys, such as the SkyTEM system, can rapidly bring the copper-zinc projects to drill-ready status

  • Rank drill targets

    New geophysical methods will allow Polar to detect nickel targets in ways that have not been possible before

Defined “buy-and-Build” approach for long-term value creation

Sourcing

Build pipeline: identify available assets

  • Pro-active outreach to asset owners
  • Market engagement and relationship
  • Intermediaries
  • Leverage on corporate network

Tier pipeline: Assess Polar’s technical capacity to take the asset to the next level

Develop pipeline: Discussions and negotiations to access opportunity and start due diligence

Acquisition

Structured acquisition process and negotiations to ensure consistent risk/reward assessment

  • Standardised due diligence process
  • Focus on technical & geological due diligence prior to agreeing terms and exclusivity
  • Confirmatory due diligence with selected external parties

Key work streams:

  • Technical & geological due diligence

  • Legal / financial due diligence

  • Assessment of ESG issues

Integration

Combine active greenfield asset development with M&A to build a strong portfolio.

Integrate projects with active partner strategy, or consider further brownfield development alone.

Implement best practice in asset development

Clear development (or exit) strategy

Management and Board with strong deal flow and M&A track record