• Maiden diamond drilling commenced at Gavilanes Silver Project in Mexico
• First drill hole at Gavilanes returned high grade silver intersection
• Advance moved toward 100% ownership of Myrtleford and Beaufort Gold Projects in Victoria
• Initial gravity recoverable gold testwork at Happy Valley returned high recoveries
• Further drilling at Happy Valley returned high grade gold results

Advance Metals Limited (ASX:AVM) has reported on its exploration activities for the quarter ended 30 June 2026. The company commenced maiden diamond drilling at its Gavilanes Silver Project in Durango, Mexico, with the first drill hole intersecting a broad high-grade silver zone. The company also made progress towards full ownership of its Myrtleford and Beaufort Gold Projects in Victoria. Initial gravity recoverable gold testwork at Happy Valley indicated strong recoveries, and further drilling returned high-grade gold intersections. The company is well-positioned to continue exploration activities and resource growth through the second half of 2026.

Advance Metals Ltd plans to continue diamond drilling at Gavilanes, assess high-grade resource potential at Happy Valley, and generate new drill targets in Victoria.