AVM Establishes Advisory Board for Mexican Silver Assets

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Stock Advance Metals Ltd (AVM.ASX)
Release Time 20 Oct 2025, 8:30 a.m.
Price Sensitive Yes
 AVM Establishes Advisory Board for Mexican Silver Assets
Key Points
  • Advisory Board established to drive rapid expansion across Advance's three high grade silver-gold projects in Mexico
  • Two highly experienced inaugural Advisory Board members appointed with 35+ years' experience in Mexico
  • High-impact drilling set to recommence at the high-grade Yoquivo Silver-Gold project in the coming week
Full Summary

Advance Metals Ltd (ASX:AVM) has established a new Advisory Board to provide guidance on its aggressive silver and gold discovery and growth ambitions in Mexico. The Advisory Board has been established to drive rapid expansion across Advance's three high grade silver-gold projects in Mexico, collectively hosting over 100Moz of silver-equivalent (AgEq) in Foreign Estimates. The Company has set a mid-term growth target of over 200Moz AgEq across the portfolio, supported by exploration programs currently underway. Two highly experienced inaugural Advisory Board members have been appointed - Douglas Coleman with 35+ years' of mining experience in Mexico, specialising in investment sourcing, strategic partnerships, and project execution, and Trevor Woolfe with 35+ years in global exploration and corporate development. The Advisory Board will leverage their extensive in-country experience in exploration, discovery, resource development and operations in Mexico to provide strategic, technical and operational guidance. The Company is well-funded to execute its silver growth strategy, having recently completed a $13 million placement cornerstoned by leading global institutional investors. High-impact drilling is set to recommence at the high-grade Yoquivo Silver-Gold project in the coming week, followed by maiden drilling at Guadalupe y Calvo and Gavilanes in early 2026.

Guidance

The Company has set a mid-term growth target of over 200Moz AgEq across its portfolio of silver-gold projects in Mexico.

Outlook

The Company expects the establishment of the Advisory Board and the upcoming high-impact drilling programs to be the start of a major period of discovery-led growth for Advance Metals in Mexico.