• No undisclosed information provided to marketing entities
• Limited review of East Coast Research report's technical information
• Proposed capital raise still in progress, no binding commitments yet
• Consideration paid to Next Investors is material, disclosed in Appendix 3B

Advance Metals Ltd (AVM) has responded to an ASX query letter regarding its marketing activities and the East Coast Research report on the company. AVM confirms it did not provide any undisclosed information to Next Investors or East Coast Research, and has complied with Listing Rule 15.7 at all times. AVM states it only held a brief call with East Coast Research to discuss its corporate presentation, and did not provide any drafting assistance or review the report for factual accuracy, except for a high-level review of the technical information. AVM now considers the East Coast Research report to be a 'public report' under the JORC Code and has requested its removal. Regarding the proposed capital raise mentioned in its quarterly report, AVM advises planning is still underway, with no final decision or binding commitments received yet. AVM confirms the consideration payable to Next Investors, comprising 8.5 million shares, is material and has been disclosed in an Appendix 3B, while the payment to East Coast Research is not considered material.