ADVANCED METALS Limited

Advance Metals (ASX: AVM) is a high grade silver and gold exploration company with advanced projects in Mexico and Australia, executing a funded growth strategy to expand resources and deliver new discoveries.

In Mexico, Advance’s 100% owned Yoquivo Project hosts a maiden JORC Mineral Resource of 33Moz AgEq, comprising 8.8Mt at 120g/t AgEq, with mineralisation open along strike and at depth. The Company’s Mexico portfolio now totals 116Moz AgEq, including Yoquivo, the district scale Guadalupe y Calvo Project, which hosts 60.6Moz AgEq, and the 100% owned Gavilanes Silver Project, which hosts a 22.4Moz AgEq Foreign Estimate. Gavilanes is emerging as Advance’s flagship project, with all four diamond holes completed and assayed to date intersecting broad zones of high grade silver mineralisation across a continuous mineralised corridor extending over more than 750 metres of strike. The latest hole, GV 26 004, returned 13.2 metres at 311g/t Ag, including 6.0 metres at 612g/t Ag, extending the mineralised system a further 55 metres south. Mineralisation remains open up dip, down dip and along strike, while deeper drilling has also identified an emerging copper, gold and silver system beneath the near surface silver mineralisation. With assays pending from the two largest southern step outs drilled to date and much of the 136 square kilometre project remaining untested, Advance is targeting a maiden JORC Mineral Resource for Gavilanes in Q4 CY2026.

In Australia, Advance is moving to 100% ownership of the high grade Myrtleford and Beaufort Gold Projects in Victoria. At Happy Valley, final drilling results included 1.8m at 15.2g/t Au, including 0.2m at 131.5g/t Au, while a new 3D geological model has identified three principal gold-bearing quartz veins extending to at least 500m below surface. Regional exploration is continuing across the 16km Magpie-Barwidgee trend, alongside follow-up work at Beaufort.