Advance Metals Limited · ASX:AVM
Advance Metals — Investor Presentation (November 2025)
28 slides from Advance Metals's investor presentation, Nov 6, 2025
Slide 1: Investor Presentation
ASX:AVM INVESTOR PRESENTATION Advance Metals Accelerates Growth to Become Mexico’s Next Major Silver Developer November 2025 Advance Metals Limited
Slide 2: Disclaimer
DISCLAIMER This presentation has been prepared by Advance Metals Limited (“Advance”, “AVM” or the "Company"). This presentation may not be reproduced, redistributed or passed on, directly or indirectly, to any other person, or published, in whole or in part, for any purpose without prior written app
Slide 3: Message from Dr Adam McKinnon, Managing Director and CEO
“ DR ADAM MCKINNON, MANAGING DIRECTOR AND CEO “This marks a defining moment for Advance. With over 100Moz silver-equivalent already in hand and a clear strategy to double that, we’re positioning Advance as Mexico’s next significant silver growth story. Our three3 high-grade assets give us scale, opt
Slide 4: Company Background: Corporate Overview
COMPANY BACKGROUND Corporate Overview Company Advance Metals Limited Code AVM Market Capitalisation as at 5 Nov 2025 $32.3M Cash on hand as at 5 Nov 2025 ~$5.7M T2 Placement Dec 2025 (before costs) $6.5M Shares on Issue 389,091,490 Listed Options (AVMO) 199,603,964 Unquoted securities 61,702,868 Sig
Slide 5: Board, Management and Advisory Board
BOARD, MANAGEMENT AND ADVISORY BOARD David O’Connor, Non-Executive Chairman David is a highly accomplished mining executive with over 40 years of international experience spanning exploration, development, and M&A. He is currently Chief Geologist at AbraSilver Resource Corp. (TSX-V: ABRA), where he
Slide 6: Investment Highlights
INVESTMENT HIGHLIGHTS Advance Metals is transforming into a pure-play precious metals Company, targeting +200Moz* AgEq through aggressive growth in Mexico and discovery across multiple district-scale projects 1 100Moz AgEq Endowment & 2 Positioned in the Heart of Mexico’s 3 Rapid Value Creation Pipe
Slide 7: Advance Accelerates Growth to Build Mexico's Next Major Silver Developer
ADVANCE ACCELERATES GROWTH TO BUILD MEXICO’S NEXT MAJOR SILVER DEVELOPER CREATING A MAJOR MEXICAN PRECIOUS Sierra Madre Occidental Volcanic Belt METALS PLAYER Surrounded by key silver producers Source: Mexican Geological Survey
Slide 8: Becoming a Major Silver Player in Mexico
BECOMING A MAJOR SILVER PLAYER IN MEXICO Mexico produces 25% of global silver supply 25,000 Global Silver Production (Metric Tonnes) Silver rose sharply in 2025 to over US$50 per ounce Source: US Geological Survey, 2024
Slide 9: AVM High-Grade Silver Portfolio in Mexico
AVM HIGH-GRADE SILVER PORTFOLIO IN MEXICO Foreign Estimate Grade (AgEq)* Acquired (AgEq)* Guadalupe y Calvo 60.6Moz Yoquivo Project 17.2Moz Gavilanes 22.4Moz TOTAL 100.2Moz *Advance’s total endowment includes 17.23Moz AgEq from the Yoquivo Project (see ASX AVM 28 October 2024 and disclosures therein
Slide 10: Mexican Project Locations
MEXICAN PROJECT LOCATIONS High grade Mexican silver-gold projects cement AVM as a major mexican precious metals player in the world-class Sierra Madre Occidental Belt Investor Presentation I October 2025 ASX:AVM 10
Slide 11: Yoquivo Silver Project Overview
YOQUIVO SILVER PROJECT OVERVIEW Yoquivo Silver-Gold Project Consists seven mining located 210km WSW of the city of concessions totalling 1,975 ha Chihuahua, Chihuahua State, Mexico Lies within the Sierra Madre Large precious metal mines within Volcanic Belt, the principal silver - 50km : Pinos Altos
Slide 12: Mexican Project Locations
MEXICAN PROJECT LOCATIONS From 2020 to 2022, Golden Minerals completed 16,565m of drilling at the Yoquivo Silver Project Golden Minerals reported bonanza grade drilling intercepts of silver across its three previous drilling campaigns AVM’s maiden drilling program commenced May 2025, follow-up progr
Slide 13: Strong Results from Recent Drilling at Yoquivo
STRONG RESULTS FROM RECENT DRILLING AT YOQUIVO Figure: Schematic long section of the Pertenencia area at Yoquivo showing the existing drilling and Foreign Estimate Figure: Schematic cross section looking NNE showing significant down hole intersections for recent AVM outline along with AVM’s maiden d
Slide 14: Guadalupe y Calvo Gold-Silver Project
GUADALUPE Y CALVO GOLD-SILVER PROJECT Guadalupe y Calvo Gold-Silver Project located 300km WSW of the city of Chihuahua, Chihuahua State, Mexico Consists ten mining concessions totalling ~27.5km2 Current Indicated and Inferred NI43-101 Foreign Estimate containing 60.6Moz AgEq at 198g/t AgEq High grad
Slide 15: Guadalupe y Calvo Gold-Silver Project
GUADALUPE Y CALVO GOLD-SILVER PROJECT Over 190 years of mining since discovery in 1835 2Moz gold, 31Moz silver mined in historic production from British/North American companies pre-WWII Modern exploration began in early 2000s with 86,000m of core drilling by previous operators Recent programs have
Slide 16: Gavilanes Silver Project Overview
GAVILANES SILVER PROJECT OVERVIEW Figure: Gavilanes Silver Project location Gavilanes Silver Project located in the San Dimas mining district of Durango, Mexico Hosted in the Sierra Madre Volcanic Belt - the principal silver & gold mining province of Mexico Lies ~23 km northeast of the San Dimas Tay
Slide 17: Gavilanes Silver Project
GAVILANES SILVER PROJECT 13,500 hectares with 11 mining concessions Three mineralised zones (Gavilanes, Central and Western zones) Gavilanes Zone: 15km2 Central and Western Zones not yet mapped in detail The deposit remains open at depth, with indications of increasing copper and gold grades Recent
Slide 18: What's Next for AVM's Mexico Projects
WHAT’S NEXT FOR AVM’S MEXICO PROJECTS Yoquivo Silver-Gold Guadalupe y Calvo, Gavilanes Silver Project Gold-Silver Project Project Extensive sampling of untested Approvals for new exploration High resolution Lidar survey + historic core underway, drilling programs currently in progress, mapping and r
Slide 19: Australian Gold Projects Strategically Located in Victorian Goldfields
AUSTRALIAN GOLD PROJECTS STRATEGICALLY LOCATED IN THE HEART OF AUSTRALIA'S VICTORIAN GOLDFIELDS, A REGION RENOWNED FOR PRODUCING OVER 80MOZ OF GOLD
Slide 20: Myrtleford and Beaufort Gold Projects, Australia
MYRTLEFORD AND BEAUFORT GOLD PROJECTS, AUSTRALIA AVM holds the right to acquire an 80% interest in the Myrtleford and Beaufort Gold Projects against a backdrop of record high gold prices Projects acquired from Serra Energy Metals, who has spent A$6 million on exploration, on advantageous and low dow
Slide 21: Myrtleford Project Overview
MYRTLEFORD PROJECT OVERVIEW Figure: Myrtleford Gold Project, Victoria (modified after ASX AVM 20 May 2025) Figure: Plan of the southeastern portion of the Myrtleford Project highlighting previous and new rock chip sampling over the Happy Valley Trend along with proposed drilling (ASX AVM 6 November
Slide 22: Myrtleford Project - AVM Recent Drilling
MYRTLEFORD PROJECT - AVM RECENT DRILLING High-impact initial diamond drilling program commenced in mid- February 2025 The program targeted multiple high-potential zones at Happy Valley and in the Twist Creek Trend at Myrtleford AMD001 8.2 metres at 28.8g/t Au, incl. 3.4 metres at 68.2g/t Au AMD002 2
Slide 23: Myrtleford Project – Strong Gold Results
MYRTLEFORD PROJECT – STRONG GOLD RESULTS 23 Figure: Composite image of a gold-bearing laminated quartz vein (left) from AMD003, with close-up images highlighting the visible gold at 180.0 Figure: Composite core image from AMD003 highlighting individual grades from 178m down hole metres down hole (to
Slide 24: Next Steps for the Myrtleford Project
NEXT STEPS FOR THE MYRTLEFORD PROJECT BREAKTHROUGH AT HAPPY VALLEY ● Visible gold1 intersected in latest hole AMD014A 140m below the deepest previous intersection ● System now extends over 500m vertically and remains open in all directions ● Confirms potential for a large, continuous high-grade gold
Slide 25: Contact
CONTACT Dr Adam McKinnon Jane Morgan & Abbey Phillipps Managing Director and CEO Investor & Media Relations +61 (0) 411 028 958 +61 (0) 405 555 618 amckinnon@advancemetals.com.au jm@janemorganmanagement.com.au abbey@janemorganmanagement.com.au Unit 6, Level 1, 389 Oxford Street, Mt Hawthorn, WA, 601
Slide 26: Appendices
APPENDICES
Slide 27: Foreign Estimates for Yoquivo and Gavilanes
FOREIGN ESTIMATES FOR YOQUIVO AND GAVILANES Table 1: Yoquivo Project – Foreign Estimate1 as at February 2023 Average Grade Contained Metal g/t AgEq Tonnage Class Cutoff (Kt) g/t AgEq2 g/t Ag g/t Au Moz AgEq Moz Ag koz Au Inferred 200 937 570 410 2.1 17.2 12.3 64 Table 2: Gavilanes Project – Foreign
Slide 28: Foreign Estimate for Guadalupe y Calvo
FOREIGN ESTIMATE FOR GUADALUPE Y CALVO Table: Foreign Estimate completed in 2021 for the Rosario and Nankin Veins at the Guadalupe y Calvo Project, including combined Indicated and Inferred totals. Average Grade Contained Metal Tonnes Class Type Ag Au AgEq AuEq Moz Koz Moz Koz (Mt) (g/t) (g/t) (g/t)
Advance Metals — Investor Presentation (November 2025) on 6ix