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Advance Metals Limited (ASX:AVM)

ALERT: Price-sensitive ASX Announcement for AVM
Current share price for AVM : $0.064 -0.011 (-14.67%)+
Announcement
Release
6 Jul 2026 8:24AM
Price at Release
$0.075
Full Release
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Summary
Advance Metals Limited has released an update on its gold exploration activities in Myrtleford and Beaufort. The report highlights the use of a nominal 0.5g/t Au cut-off for results reporting, with no metal equivalents included. True widths for mineralization are estimated at about 60-70% due to the drilling orientation. The company has outlined plans for further exploration work, which includes lateral and depth extensions and large step-out drilling, accompanied by detailed geological, geophysical, and geochemical surveys.
Key Points
  • Results are reported on a length-weighted basis using a nominal 0.5g/t Au cut-off.
  • True widths of ~60-70% are estimated for the current holes due to the drill hole orientation.
  • The company plans further work including lateral and depth extensions and large-scale step-out drilling.
  • The report includes geological observations, geophysical and geochemical survey results.
  • No metal equivalents are reported in this release.
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.