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Advance Metals Limited (ASX:AVM)

ALERT: Price-sensitive ASX Announcement for AVM
Current share price for AVM : $0.066 -0.119 (-64.32%)+
Announcement
Release
28 Jan 2026 8:21AM
Price at Release
$0.185
Full Release
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Summary
Advance Metals Limited, focused on silver and gold exploration in Mexico and Australia, reported significant developments for the quarter ending 31 December 2025. The company is advancing its high-grade projects with ongoing drilling at the Yoquivo Silver-Gold Project in Mexico and the Myrtleford Gold Project in Australia. The Yoquivo project, fully funded, aims to expand resources with recent drilling showing promising results. In Australia, the Myrtleford project continues to demonstrate high-grade gold potential. Financially, Advance Metals secured a $13 million institutional placement, which bolsters its exploration capabilities into 2026. Cash flows from operating and investing activities indicated expenditures primarily in exploration and evaluation, with a net increase in cash from financing activities.
Key Points
  • Fully funded drilling program at Yoquivo Silver-Gold Project.
  • Historic core resampling confirms high-grade silver-gold mineralization.
  • Appointment of a Mexico-focused Advisory Board and a Non-Executive Chairman.
  • Completion of a $13 million institutional placement.
  • Ongoing exploration at Myrtleford Gold Project with significant gold findings.
  • Net cash inflow primarily from financing activities.
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.