Advance Metals Limited · ASX:AVM
Advance Metals — JMM Noosa Investor Lunch (July 2026)
31 slides from Advance Metals's conference presentation, Jul 23, 2026
Slide 1: JMM Noosa Investor Lunch
ASX:AVM For personal use only JMM Noosa Investor Lunch Advancing High Grade Silver and Gold Discoveries Across Mexico and Australia July 2026 Advance Metals Limited
Slide 2: Disclaimer
DISCLAIMER For personal use only This presentation has been prepared by Advance Metals Limited (“Advance”, “AVM” or the "Company"). This presentation may not be reproduced, redistributed or passed on, directly or indirectly, to any other person, or published, in whole or in part, for any purpose wit
Slide 3: About Advance Metals
For personal use only ABOUT ADVANCE METALS Advance Metals (ASX: AVM) is an exploration company with high grade silver and gold projects in Mexico’s Sierra Madre Silver Belt and the Victorian Goldfields in Australia. 116Moz silver Recent Very strong High grade equivalent Yoquivo JORC silver, gold and
Slide 4: Investment Highlights
INVESTMENT HIGHLIGHTS For personal use only Advance Metals is building a strong precious metals platform, targeting 200Moz+ AgEq through resource expansion in Mexico and discovery across multiple district-scale projects. 1 116Moz Silver Equivalent 2 New Mineral Resource 3 Exceptional Drill Results i
Slide 5: Corporate Overview
COMPANY BACKGROUND For personal use only CORPORATE OVERVIEW Company Advance Metals Limited Code AVM Market cap as at 22 July 2026 $33.0M Cash as at 31 March 2026 $7.4M Shares on Issue 485,369,190 Listed Options (AVMO) 157,803,964 Unquoted securities 86,417,203 SIGNIFICANT SHAREHOLDERS (as at 30 Jun
Slide 6: Board, Management and Advisory Board
BOARD, MANAGEMENT AND ADVISORY BOARD For personal use only David O’Connor, Non-Executive Chairman David is a highly accomplished mining executive with over 40 years of international experience spanning exploration, development, and M&A. He is currently Chief Geologist at AbraSilver Resource Corp. (T
Slide 7: Silver Demand Entering Structural Growth Phase
SILVER DEMAND ENTERING Silver demand is rising with electrification and STRUCTURAL GROWTH PHASE the global energy transition. For personal use only Solar energy expansion is becoming one of the largest sources of silver demand, as photovoltaic installations accelerate globally. Electric vehicles and
Slide 8: Projects in Mexico's Premier Silver Belt
For personal use only STRATEGICALLY LOCATED PROJECTS IN MEXICO’S PREMIER SILVER BELT AVM’s portfolio of high grade silver-gold projects is positioned within Mexico’s world-class Sierra Madre Occidental Belt. 116Moz AgEq endowment across three projects. 9
Slide 9: High-Grade Silver Portfolio in Mexico
HIGH-GRADE SILVER PORTFOLIO IN MEXICO For personal use only MRE/Foreign Estimate Grade Acquired (AgEq)* (AgEq)* Yoquivo Project 33.0Moz Gavilanes 22.4Moz Guadalupe y Calvo 60.6Moz TOTAL 116Moz * Advance’s total endowment includes 33Moz AgEq from the Yoquivo Project MRE (ASX 8 April 2026 with disclos
Slide 10: Yoquivo Silver-Gold Project Overview
For personal use only YOQUIVO SILVER- GOLD PROJECT OVERVIEW Located in the Sierra Madre Occidental Belt - Mexico’s premier silver-gold district Picture: Diamond rig set up for resource definition drilling at Yoquivo in late 2025 11
Slide 11: Yoquivo Silver-Gold Project Overview
YOQUIVO SILVER- GOLD PROJECT High grade silver-gold system with strong OVERVIEW depth continuity and resource growth potential For personal use only Located in the Sierra Madre Occidental Belt - Mexico’s premier silver-gold district Near major producing mines Pinos Altos | Ocampo | Orisyvo 12 33Moz
Slide 12: Yoquivo Silver-Gold Project Overview
YOQUIVO SILVER- GOLD PROJECT High grade silver-gold system with strong OVERVIEW depth continuity and resource growth potential For personal use only Shallow, bulk-tonnage potential Broad zones of near-surface, contiguous mineralisation supporting open pit + underground scenarios Scale confirmed at P
Slide 13: Scale Continuity and Growth
For personal use only SCALE CONTINUITY AND GROWTH New MRE highlights continuous silver-gold mineralisation across Pertenencia and Esperanza, remaining open at depth and along strike Top - long section looking west-northwest through the MRE at the Pertenencia deposit and bottom - cross section lookin
Slide 14: Gavilanes Silver Project
For personal use only GAVILANES SILVER PROJECT High grade silver growth with emerging large-scale polymetallic upside Picture: Manportable drill rig being setup on site at Gavilanes 15
Slide 15: Gavilanes Silver Project: Maiden Drilling
GAVILANES SILVER PROJECT Maiden drilling supports planned JORC Resource upgrade later in 2026 For personal use only AVM Maiden drill holes: GV-26-001 San Dimas district, Durango, Mexico 33.9m @ 220g/t Ag incl. 6.2m @ 718g/t Ag Current Foreign Estimate: 22.4Moz AgEq @ 246g/t AgEq GV-26-002 8.4m @ 245
Slide 16: Gavilanes Reveals a Vertically Stacked Mineral System
GAVILANES REVEALS A VERTICALLY Shallow high grade silver mineralisation underlain STACKED MINERAL SYSTEM by broad copper-gold-silver zones For personal use only SHALLOW HIGH-GRADE SILVER Multiple high-grade silver zones confirmed across three consecutive holes. POLYMETALLIC MINERALISATION AT DEPTH C
Slide 17: Significance of Initial AVM Drilling at Gavilanes
SIGNIFICANCE OF INITIAL AVM DRILLING AT GAVILANES For personal use only Strongest polymetallic intervals reported at Gavilanes to date GV-26-003 intersected 37.5m at 83g/t Ag, 0.8g/t Au and 0.6% Cu, with accessory zinc and lead. The hole ended in mineralisation, leaving the zone open to the east, so
Slide 18: Guadalupe y Calvo
For personal use only GUADALUPE Y CALVO Large High Grade Silver-Gold System 19
Slide 19: Guadalupe y Calvo
GUADALUPE Y CALVO District-scale silver-gold system with a 60Moz resource base For personal use only Located in Chihuahua State, Mexico, within a historic high grade mining district 10 mining concessions covering ~27.5 km² 60.6Moz AgEq foreign estimate @ 198g/t AgEq Includes high grade underground c
Slide 20: Guadalupe y Calvo – Large High Grade Silver-Gold System
GUADALUPE Y CALVO – LARGE HIGH GRADE SILVER-GOLD District-scale silver-gold system with a 60Moz resource base For personal use only SYSTEM Over 190 years of mining since discovery in 1835 Approximately 2Moz gold and 31Moz silver produced historically More than 86,000m of core drilling completed by p
Slide 21: Near-Term Mexico Catalysts
NEAR-TERM MEXICO CATALYSTS For personal use only Three projects advancing simultaneously across Mexico’s Sierra Madre silver belt YOQUIVO SILVER- GAVILANES GUADALUPE Y GOLD PROJECT SILVER PROJECT CALVO GOLD-SILVER PROJECT • Resource extension program planned • LiDAR survey completed • LiDAR survey c
Slide 22: Significant Growth Potential
SIGNIFICANT GROWTH POTENTIAL For personal use only Advance Metals’ growing silver endowment in Mexico represents a significant potential value driver in the near term. Market AgEq AgEq Market Cap/ Company Exchange Projects Jurisdiction Stage Resources Grade Cap Resource (Moz AgEq) (g/t) (US$M) (US$/
Slide 23: Australian Gold Projects
AUSTRALIAN GOLD PROJECTS For personal use only Additional exposure to Victoria’s historic goldfields Advance Metals moving towards 100% ownership of the Myrtleford and Beaufort gold projects, providing additional exposure to an established Australian gold province. 100% Owned VICTORIAN GOLDFIELDS EX
Slide 24: Myrtleford & Beaufort Gold Projects
MYRTLEFORD & BEAUFORT GOLD PROJECTS | VICTORIAN Exploration across a prolific Victorian gold belt with multiple historic mines For personal use only GOLDFIELDS AVM has 100% ownership in the Myrtleford and Beaufort Gold Projects Projects acquired from Serra Energy Metals, which invested over A$6 mill
Slide 25: Myrtleford Project Overview
MYRTLEFORD PROJECT Drilling expands gold footprint across the OVERVIEW Happy Valley trend For personal use only Visible gold intersected across multiple holes System extends >500m vertically ~13km mineralised trend with multiple targets 26 Maiden drilling confirms mineralisation at Queen of the Hill
Slide 26: Myrtleford Project - AVM Recent Drilling
MYRTLEFORD PROJECT - AVM RECENT DRILLING For personal use only Key Results – Happy Valley Regional Results – Queen of the Hills AMD003 AMD017 7.5m @ 55.0g/t Au incl. 4.0m @ 2.4g/t Au incl. 1.3m @ 305.8g/t Au 0.6m @ 7.7g/t Au AMD001 AMD018 8.2m @ 28.8g/t Au incl. 3.2m @ 1.4g/t Au incl. 3.4m @ 68.2g/t
Slide 27: Next Steps for the Myrtleford Project
NEXT STEPS FOR THE MYRTLEFORD PROJECT For personal use only 3D geological and structural model completed Review high-grade resource potential and preliminary low-cost mining pathways Generate maiden drill targets along the 16km Magpie- Barwidgee trend Continue mapping and rock chip sampling at Myrtl
Slide 28: Contact
CONTACT For personal use only Unit 6, Level 1, 389 Oxford Street, Mt Hawthorn, WA, 6014 www.advancemetals.com.au Dr. Adam McKinnon Managing Director and CEO +61 (0) 411 028 958 [email protected] Abbey Phillipps Investor & Media Relations +61 (0) 405 555 618 [email protected]
Slide 29: Appendix A – Yoquivo Mineral Resource Estimate
Appendix A – Yoquivo Mineral Resource Estimate For personal use only Table : Mineral Resource Estimate for the Yoquivo Silver-Gold Project, Chihuahua, Mexico, reported at a 50g/t AgEq cut-off (ASX AVM 8 April 2026). *Resources reported to two significant figures, totals may not sum due to rounding.
Slide 30: Appendix B – Foreign Estimates for Gavilanes & Guadalupe y Calvo
APPENDIX B – FOREIGN ESTIMATES FOR YOQUIVO & GUADALUPE Y CALVO For personal use only Table 1: Gavilanes Project – Foreign Estimate1 as at May 2021 Average Grade Contained Metal g/t AgEq Tonnage Class Moz Cutoff (Kt) g/t AgEq2 g/t Ag g/t Au % Cu % Pb % Zn Moz Ag koz Au lbs Cu lbs Pb lbs Zn AgEq2 Infe
Slide 31: Appendix C – Peer Comparison Source Data
APPENDIX C – PEER COMPARISON SOURCE DATA For personal use only AgEq Development Contained Company Exchange Primary Project(s) Jurisdiction Technical Stage Grade Resource Basis Portfolio Latest Resource / Study Resource Reference Date Focus AgEq (Moz) (g/t) Mithril Silver & Gold ASX/TSXV Copalquin Me
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