Advance Metals Limited · ASX:AVM
Advance Metals — Investor Presentation (January 2025)
27 slides from Advance Metals's investor presentation, Jan 7, 2025
Slide 1: Newly Acquired Portfolio Presentation
Newly Acquired Portfolio Presentation Newly Acquired Portfolio Presentation TWO SIGNIFICANT ACQUISITIONS: HIGH GRADE MYRTLEFORD & BEAUFORT GOLD PROJECTS, VICTORIA HIGH GRADE GAVILANES SILVER PROJECT, MEXICO Image: Visible gold from Myrtleford Gold Project, Victoria Advance Metals Limited (ASX:AVM) N
Slide 2: Important Notice & Disclaimer
IMPORTANT NOTICE & DISCLAIMER This presentation has been prepared by Advance Metals Limited (“Advance”, “AVM” or the "Company"). This COMPETENT PERSON presentation may not be reproduced, redistributed or passed on, directly or indirectly, to any other person, or The information contained in this Pre
Slide 3: Overview of Acquisitions
OVERVIEW OF ACQUISITIONS • Serra has spent A$6m on exploration on the Myrtleford and Beaufort Gold Projects including significant drilling Advance has entered into a binding agreement with Serra Energy Metals • At the Myrtleford Project, 45 km strike length has been observed correlating to a signifi
Slide 4: Acquisition Highlights
ACQUISITION HIGHLIGHTS RESOURCE SIGNIFICANT GOLD & SILVER VICTORIA GOLD MEXICO SILVER GROWTH UNTAPPED EXPOSURE REGION GLOBAL LEADER POTENTIAL POTENTIAL New acquisitions Victorian acquisition High grade global Mexico is the world's Both acquisitions have provide strong upside strategically located Fo
Slide 5: High Grade Myrtleford and Beaufort Gold Projects
HIGH GRADE MYRTLEFORD AND BEAUFORT GOLD PROJECTS Advance Metals Limited (ASX:AVM) | New Projects Presentation | January 2025 | 5 Image: Myrtleford Gold Project in Victoria, Australia
Slide 6: High Grade Myrtleford & Beaufort Gold Projects
HIGH GRADE MYRTLEFORD & BEAUFORT GOLD PROJECTS AVM has secured the right to acquire an 80% interest in the Myrtleford and Beaufort Gold Projects against a backdrop of record high gold prices The Projects have been acquired from Serra Energy Metals, who has spent A$6 million on exploration, on advant
Slide 7: Myrtleford Project – Project Overview
MYRTLEFORD PROJECT – PROJECT OVERVIEW The Myrtleford Gold Project represents a district-scale opportunity in a Tier-1 jurisdiction, with its large land position, proven high grade mineralisation, and limited modern exploration presenting significant potential for growth, particularly given current r
Slide 8: Myrtleford Project – Drilling Results
MYRTLEFORD PROJECT – DRILLING RESULTS • 13km-long trend of significant gold mineralisation known Hole ID Interval Au (g/t) From as the Happy Valley Trend at Myrtleford HVD003 11.5m 160.4 190m • Visible gold observed in numerous core samples, with exceptionally high grade drilling intercepts across p
Slide 9: Beaufort Project
BEAUFORT PROJECT The Beaufort Gold Project within the Victorian Goldfields, ~145km west of Melbourne Setting analogous to numerous other significant gold deposits in Victoria (region produced an estimated 1.16Moz of alluvial gold) Strategically located near other world-class goldfields like Bendigo
Slide 10: Strike Length Co-relationship with Historic Mines
STRIKE LENGTH CO-RELATIONSHIP WITH HISTORIC MINES Figure: Beaufort Project showing the co-relationship between the expansive strike length and the historical gold workings on the project Figure: Myrtleford Project showing the co-relationship between historical gold mines on the project and the expan
Slide 11: Value Proposition for a Victorian Goldfields Discovery
VALUE PROPOSITION FOR A VICTORIAN GOLDFIELDS DISCOVERY In less than three years, Southern Cross Gold (ASX:SXG) has taken its market cap from $12M to over $780M based of a high grade gold discovery at Sunday Creek in the Victorian Goldfield. Similarities between AVM and SXG projects1 in Victoria: • R
Slide 12: High Grade Mexico Silver Projects
HIGH GRADE MEXICO SILVER PROJECTS Advance Metals Limited (ASX:AVM) | New Projects Presentation | January 2025 | 12 Image: Gavilanes Silver Project in Durango State, Mexico
Slide 13: Rationale: AVM in Mexico – Global Leading Silver Producer
RATIONALE: AVM IN MEXICO – GLOBAL LEADING SILVER PRODUCER Sierra Madre Silver production by country – 2023 (metric tonnes) Occidental Volcanic Belt Mexico 6,400 Key silver producers: China 3,400 Peru 3,100 Mexico produces 24.6% Other 3,000 of global silver Yoquivo Silver Chile 1,400 supply Poland 1,
Slide 14: AVM Building a Significant Mexico Silver Portfolio
AVM BUILDING A SIGNIFICANT MEXICO SILVER PORTFOLIO Following the acquisition of the Gavilanes Project, AVM’s Global Foreign Estimate will stand at 40 million ounces of silver-equivalent (AgEq). Yoquivo The largest high grade silver Foreign Estimate or JORC Resource base in Mexico on ASX, comprising:
Slide 15: ASX Listed Peers
ASX LISTED PEERS Advance Metals is the most leveraged high grade silver company with a project in the Americas on ASX at a time of record high silver prices Listed Peers Listed Peer Project Valuations ($M) Project Valuation Average Moz Company Code Location Valuation per AgEq Grade Type of Resource
Slide 16: High Grade Gavilanes Silver Project Overview
HIGH GRADE GAVILANES SILVER PROJECT OVERVIEW 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 Tayoltita mine (134Moz of silver)
Slide 17: Gavilanes Silver Project - Location
GAVILANES SILVER PROJECT - LOCATION • 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 an
Slide 18: Gavilanes Silver Project – Geology and Drilling Results
GAVILANES SILVER PROJECT – GEOLOGY AND DRILLING RESULTS • Only zone drilled (47 holes – 9,623m of diamond drilling in 2012-13) • Veins with silver mineralisation (>20g/t Ag) intersected in all 47 drill holes Gavilanes Zone • Mineralisation hosted within a volcanic sequence (the Lower Volcanic Group
Slide 19: Yoquivo Silver Project Overview
YOQUIVO SILVER PROJECT OVERVIEW Yoquivo Silver Project located 210km WSW of the city of Chihuahua, Chihuahua State, Mexico Consists seven mining concessions totalling ~1,975 ha Lies within the Sierra Madre Volcanic Belt, the principal silver - gold mining metallogenic province in Mexico Large precio
Slide 20: Previous Drilling Results
PREVIOUS DRILLING RESULTS • From 2020 to 2022, Golden Minerals completed Golden Minerals reported bonanza grade drilling intercepts of silver and gold in previous drilling campaigns – including highlights of: 16,565m of drilling at the Yoquivo Silver Project Hole ID Interval Au (g/t) Ag (g/t) From •
Slide 21: Upcoming Activities for Victorian Gold Projects and Mexican Silver Projects
UPCOMING ACTIVITIES FOR VICTORIAN GOLD PROJECTS AND MEXICAN SILVER PROJECTS Stage 2 step-out drilling to increase scale of know high grade mineralisation at all projects Analysis and reporting of results Confirmatory drill testing of key targets Confirmatory drilling planning Completion of and appro
Slide 22: Corporate Information
CORPORATE INFORMATION Advance Metals Limited (ASX:AVM) | New Projects Presentation | January 2025 | 22 Image: Sierra Madre Occidental in Chihuahua State, Mexico
Slide 23: Transaction Terms
TRANSACTION TERMS High Grade Myrtleford and Beaufort Gold Projects1 High Grade Gavilanes Silver Project1 Ownership interest • 80% Ownership interest • 100% • C$400,000: in AVM shares equal to 20-day VWAP • US$50,000: Cash Consideration of the AVM shares immediately prior to the Settlement Date Consi
Slide 24: What's Next for AVM's Projects
WHAT’S NEXT FOR AVM’S PROJECTS Gavilanes Silver Augustus Copper/ Yoquivo Silver Myrtleford and Gold Project, USA Project, Mexico Beaufort Gold Project, Mexico Projects, AUS Conduct a first pass Move towards Early-stage exploration drilling program confirmatory drilling prior to drilling to verify Se
Slide 25: Company Background
COMPANY BACKGROUND Corporate Overview Board and Management Company Advance Metals Limited Dr. Adam McKinnon, Managing Director and CEO Adam is an experienced mining and geoscience professional with recent roles including Code AVM Managing Director at Magmatic Resources (ASX:MAG) and General Manager
Slide 26: Investor Queries
Investor Queries Adam McKinnon Managing Director and CEO amckinnon@advancemetals.com.au Sydney Office Suite 706, Level 789 York Street Sydney, NSW, 2000 Advance Metals Limited (ASX:AVM) | New Projects Presentation | January 2025 | 26
Slide 27: Appendix A – Disclosure of Foreign Estimates
APPENDIX A – DISCLOSURE OF FOREIGN ESTIMATES Table 1: Yoquivo Project – Foreign Estimate1 as at February 2023 Average Grade Contained Metal g/t AgEq Tonnage Class Cutoff (Kt) g/t AgEq 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
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