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Advance Metals Limited (ASX:AVM)

ALERT: Price-sensitive ASX Announcement for AVM
Current share price for AVM : $0.061 -0.059 (-49.17%)+
Announcement
Release
20 Oct 2025 8:30AM
Price at Release
$0.120
Full Release
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Summary
Advance Metals Limited (ASX:AVM) has announced the establishment of an Advisory Board to accelerate its silver and gold discovery efforts in Mexico. This board aims to guide the company's growth strategy, targeting a mid-term goal of increasing its mineral resources to over 200 million ounces of silver equivalent. Appointed inaugural members, Douglas Coleman and Trevor Woolfe bring extensive experience in exploration and mining operations. The company is well-funded, having secured $13 million from institutional investors, and plans to resume high-impact drilling at its Yoquivo Silver-Gold project.
Key Points
  • Advance Metals Limited establishes a new Advisory Board for its Mexican silver assets.
  • The Advisory Board is formed to guide the company's exploration and growth efforts in Mexico.
  • Douglas Coleman and Trevor Woolfe are appointed as inaugural members of the Advisory Board.
  • Douglas Coleman brings over 35 years of experience in Mexico's mining industry.
  • Trevor Woolfe is a seasoned mining executive with extensive global exploration and corporate leadership experience.
  • Advance Metals targets mid-term growth of over 200 Moz AgEq in Mexico.
  • The company has raised $13 million to support its exploration programs.
  • High-impact drilling is set to recommence at the Yoquivo Silver-Gold project.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.