Advance Metals Limited · ASX:AVM
Advance Metals — Investor Presentation (August 2025)
30 slides from Advance Metals's investor presentation, Aug 7, 2025
Slide 1: ASX Announcement: Investor Presentation Amendment
ASX Announcement 7 August 2025 Advance Metals to hit 100Moz AgEq in Mexico with transformational acquisition of the Guadalupe y Calvo Project – Investor Presentation Amendment Advance Metals Limited (ASX: AVM) advises that it has released an amended version of its July 2025 corporate presentation ti
Slide 2: Transformational Guadalupe y Calvo Acquisition Takes AVM to 100Moz AgEq in Mexico
For personal use only Transformational Guadalupe y Calvo Acquisition Takes AVM to 100Moz AgEq in Mexico Image: Ore cart from historic mining at the Guadalupe y Calvo site, Chihuahua, Mexico Advance Metals Limited AVM (ASX:AVM) | Corporate CORPORATE Presentation | July PRESENTATION | 2025 | 1 JULY 20
Slide 3: Important Notice & Disclaimer
IMPORTANT NOTICE & DISCLAIMER This presentation has been prepared by Advance Metals Limited (“Advance”, “AVM” or the "Company"). This COMPETENT PERSON’S STATEMENT presentation may not be reproduced, redistributed or passed on, directly or indirectly, to any other person, or The information in this r
Slide 4: Investment Highlights
INVESTMENT HIGHLIGHTS For personal use only SIGNIFICANT GOLD & SILVER PROSPECTIVE HISTORIC RESOURCE GROWTH UNTAPPED EXPOSURE REGION PRODUCTION POTENTIAL POTENTIAL Three high grade Mexico Strategic location in Historic production High grade global Foreign All three projects have projects provide stro
Slide 5: Creating a Major Mexican Precious Metals Player
CREATING A MAJOR MEXICAN PRECIOUS METALS PLAYER Agreement entered for 100% acquisition of high-grade Guadalupe y Calvo Gold-Silver Project (“GyC”) from Endeavour Silver Corp For personal use only (TSX:EDR and NYSE:EXK) Brings AVM to +100Moz* silver-equivalent (AgEq) Foreign Estimate endowment across
Slide 6: Becoming a Major Silver Player in Mexico
BECOMING A MAJOR SILVER PLAYER IN MEXICO Sierra Madre Silver production by country – 2024 (metric tonnes) Occidental For personal use only Volcanic Belt Mexico 6,300 Key silver producers: China 3,300 Peru 3,100 Mexico produces 25.2% Other 2,800 of global silver Yoquivo Poland 1,300 supply GyC Bolivi
Slide 7: AVM Building a Significant Mexico Silver Portfolio
AVM BUILDING A SIGNIFICANT MEXICO SILVER PORTFOLIO Following the acquisition of the Guadalupe y Calvo Project, Foreign AVM’s Global Foreign Estimate total will stand at over 100 Advance Metals’ Grade Acquisition Estimate million ounces of silver-equivalent (AgEq*). Project (AgEq)* Announced (AgEq)*
Slide 8: Acquisition of high-grade gold-silver project, Guadalupe y Calvo, Mexico
For personal use only Acquisition of high-grade gold-silver project, Guadalupe y Calvo, Mexico Advance Metals Limited (ASX:AVM) | Corporate Presentation | July 2025 | 7 Image: Near surface open stope from historic mining on the Rosario Vein at Guadalupe y Calvo, Mexico
Slide 9: Guadalupe y Calvo Gold-Silver Project Overview
GUADALUPE Y CALVO GOLD-SILVER PROJECT OVERVIEW Advance has secured the right to acquire a 100% interest in the high-grade Guadalupe Y Calvo Gold-Silver Project For personal use only 816Koz AuEq Foreign Estimate from GyC adds significant high- grade gold and silver exposure Lies within the Sierra Mad
Slide 10: Project Location & Access
PROJECT LOCATION & ACCESS Guadalupe y Calvo Gold-Silver Project located For personal use only 300km WSW of the city of Chihuahua, Chihuahua State, Mexico Consists ten mining concessions totalling ~27.5km2 The project is accessible year-round via paved and gravel roads Region has strong infrastructur
Slide 11: Geological Setting
GEOLOGICAL SETTING • Located in the northern extent of the Sierra Madre Occidental Volcanic Belt, a 1,500km-long volcanic province hosting Mexico's For personal use only most prolific gold-silver systems • Mineralisation classified as a low-sulfidation epithermal gold-silver system – a proven deposi
Slide 12: Exploration and Mining History
EXPLORATION AND MINING HISTORY • Over 180 years of mining since discovery in 1835 For personal use only • 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
Slide 13: Foreign Resource Estimate
FOREIGN RESOURCE ESTIMATE Table: Foreign Estimate* completed in 2021 for the Rosario and Nankin Veins at the Guadalupe y Calvo Project, including combined Indicated and Inferred totals. • 60% of contained metal (494 Average Grade Contained Metal Koz AuEq) in high-grade For personal use only Tonnes C
Slide 14: Multiple Catalysts for Value Creation
MULTIPLE CATALYSTS FOR VALUE CREATION Near Term (12 months) Medium Term (1 to 3 years) Strategic Value Proposition For personal use only • Field evaluation and target • Resource conversion from • Exposure to gold and silver in confirmation leveraging existing Foreign Estimate to JORC- strong price e
Slide 15: Transaction Terms: Balanced Earn-In
TRANSACTION TERMS: BALANCED EARN-IN Fully Paid Exploration Key Terms For personal use only Year Cash (US$) Ordinary Shares Expenditure Annual Total (US$) (US$) • Total Consideration over the four years across shares payments, cash payments and exploration expenditure to Signing $50K $50K - $100K com
Slide 16: Our High Grade Yoquivo and Gavilanes Silver Projects, Mexico
For personal use only Our High Grade Yoquivo and Gavilanes Silver Projects, Mexico Advance Metals Limited (ASX:AVM) | Corporate Presentation | July 2025 | 15 Image: Gavilanes Silver Project in Durango State, Mexico
Slide 17: Yoquivo Silver Project Overview
YOQUIVO SILVER PROJECT OVERVIEW Yoquivo Silver Project located 210km WSW of the city of Chihuahua, Chihuahua State, Mexico For personal use only Consists seven mining concessions totalling ~1,975 ha Lies within the Sierra Madre Volcanic Belt, the principal silver - gold mining metallogenic province
Slide 18: Previous Drilling at Yoquivo
PREVIOUS DRILLING AT YOQUIVO Figure: Mapped veins and previous drilling at Golden Minerals reported bonanza grade drilling intercepts of silver and the Yoquivo Project gold in previous drilling campaigns (ASX AVM 28 October 2025), including: For personal use only Hole ID Interval Au (g/t) Ag (g/t) F
Slide 19: Yoquivo – 2025 Drilling Campaign
YOQUIVO – 2025 DRILLING CAMPAIGN Figures: Sample logging and processing of AVM’s maiden drill hole in Mexico (YQ-25-001) For personal use only Figure: Photograph of the drilling rig setting up to commence YQ-25- 003 in May 2025 Advance Metals Limited (ASX:AVM) | Corporate Presentation | July 2025 |
Slide 20: Strong Initial Results from Drilling at Yoquivo
STRONG INITIAL RESULTS FROM DRILLING AT YOQUIVO For personal use only Figure: Schematic long section of the Pertenencia area at Yoquivo showing the existing drilling and Foreign Estimate outline Figure: Schematic cross section showing previous drilling and the along with AVM’s maiden drill holes in
Slide 21: Strong Initial Results from Drilling at Yoquivo
STRONG INITIAL RESULTS FROM DRILLING AT YOQUIVO For personal use only Figure: Schematic cross section showing previous drilling and the outline of the existing Figure: Schematic cross section showing previous drilling and the outline of the existing Foreign Estimate, along with recent drill hole YQ-
Slide 22: Gavilanes Silver Project Overview
GAVILANES SILVER PROJECT OVERVIEW Figure: Gavilanes Silver Gavilanes Silver Project located in the San Dimas mining Project location district of Durango, Mexico For personal use only Hosted in the Sierra Madre Volcanic Belt - the principal silver & gold mining province of Mexico Lies ~23 km northeas
Slide 23: Gavilanes Silver Project
GAVILANES SILVER PROJECT • 13,500 hectares with 11 mining concessions For personal use only • 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 increasin
Slide 24: Corporate Information
For personal use only Corporate Information Advance Metals Limited (ASX:AVM) | Corporate Presentation | July 2025 | 23
Slide 25: What's Next for AVM's Mexico Projects
WHAT’S NEXT FOR AVM’S MEXICO PROJECTS For personal use only Guadalupe y Calvo, Gold-Silver Project, Yoquivo Silver-Gold Gavilanes Silver Mexico Project, Mexico Project, Mexico Initiate field evaluation and Approvals secured, initial Project due diligence being target confirmation ~3,000m drilling pr
Slide 26: Company Background
COMPANY BACKGROUND Corporate Overview Board and Management Company Advance Metals Limited Dr. Adam McKinnon, Managing Director and CEO For personal use only Adam is an experienced mining and geoscience professional with recent roles including Code AVM Managing Director at Magmatic Resources (ASX:MAG
Slide 27: Investor Queries
For personal use only Investor Queries Dr Adam McKinnon Managing Director and CEO +61 (0) 411 028 958 [email protected] Unit 6, Level 1, 389 Oxford Street, Mt Hawthorn, WA, 6014 Advance Metals Limited (ASX:AVM) | Corporate Presentation | July 2025 | 26
Slide 28: Appendix C – GyC Acquisition Transaction Terms
APPENDIX C – GYC ACQUISITION TRANSACTION TERMS High Grade Guadalupe y Calvo Gold-Silver Project1 For personal use only Ownership interest • 100% upon completion of earn-in • US$50,000 cash and US$50,000 in AVM shares equal to 20-day VWAP of the AVM shares immediately prior to Signing Fee signing • E
Slide 29: Appendix A – Foreign Estimates for Yoquivo and Gavilanes
APPENDIX A –FOREIGN ESTIMATES FOR YOQUIVO AND GAVILANES Table 1: Yoquivo Project – Foreign Estimate1 as at February 2023 For personal use only 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 Tab
Slide 30: Appendix C: High Grade Myrtleford & Beaufort Gold Projects
APPENDIX C: HIGH GRADE MYRTLEFORD & BEAUFORT GOLD PROJECTS AVM holds the right to acquire an 80% interest in the Myrtleford and Beaufort Gold Projects against a backdrop of For personal use only record high gold prices Projects acquired from Serra Energy Metals, who has spent A$6 million on explorat