Advance Metals Limited · ASX:AVM
Advance Metals — Investor Presentation (April 2026)
27 slides from Advance Metals's investor presentation, Apr 9, 2026
Slide 1: Investor Presentation
ASX:AVM For personal use only INVESTOR PRESENTATION Advancing High Grade Silver and Gold Discoveries Across Mexico and Australia April 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 a high grade silver and gold exploration company with projects in Mexico’s Sierra Madre Silver Belt and the Victorian Goldfields. +100Moz silver Recent Yoquivo Ongoing resource High grade gold equivalent JORC MRE upgrade convers
Slide 4: Corporate Overview
COMPANY BACKGROUND For personal use only Corporate Overview Company Advance Metals Limited Code AVM Market cap as at 8 April 2026 $50.3M Cash as at 31 Dec 2025 $11.0M Shares on Issue 478,809,370 Listed Options (AVMO) 157,803,964 Unquoted securities 127,083,145 Significant Shareholders HSBC Custody N
Slide 5: 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 6: 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 7: Silver Demand Entering Structural Growth Phase
SILVER DEMAND ENTERING STRUCTURAL GROWTH PHASE For personal use only Global silver demand is being driven by long term structural trends tied to the global energy transition and electrification. Solar energy expansion is becoming one of the largest sources of silver demand, as photovoltaic installat
Slide 8: Silver Demand Entering Structural Growth Phase
For personal use only SILVER DEMAND ENTERING STRUCTURAL GROWTH PHASE “ Silver is becoming increasingly critical to the global energy transition, with accelerating demand from solar, electric vehicles and advanced electronics placing growing pressure on supply. At Advance, we see a clear opportunity
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 - Flagship 33.0Moz Guadalupe y Calvo 60.6Moz Gavilanes 22.4Moz TOTAL 116Moz * Advance’s total endowment includes 33Moz AgEq from the Yoquivo Project MRE (ASX 8 April 2026 w
Slide 10: Strategically Located 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 projects is positioned within Mexico’s world-class Sierra Madre Occidental Belt. 116Moz AgEq endowment across three projects Map showing the location of Advance Metals’ Projects
Slide 11: Yoquivo Silver-Gold Project Overview
YOQUIVO SILVER- GOLD PROJECT OVERVIEW For personal use only High grade silver-gold system with strong depth continuity and resource growth potential Located in the Sierra Madre Occidental Belt - Mexico’s premier silver-gold district Near major producing mines Pinos Altos | Ocampo | Orisyvo 33Moz AgE
Slide 12: Yoquivo – 33Moz AgEq Silver-Gold System
YOQUIVO – 33Moz AgEq SILVER-GOLD SYSTEM For personal use only Initial JORC Mineral Resource confirms large scale, high grade New JORC Inferred MRE: epithermal system with bulk mining potential 8.8Mt @ 120g/t AgEq 33Moz AgEq (23Moz Ag, 140koz Au) Shallow, bulk-tonnage potential Broad zones of near-su
Slide 13: Scale Continuity and Growth
SCALE CONTINUITY AND GROWTH For personal use only New MRE highlights continuous silver-gold mineralisation across Pertenencia and Esperanza, remaining open at depth and along strike Long section looking west-northwest through the MRE at the Pertenencia deposit Cross section looking north-northeast t
Slide 14: Gavilanes Silver Project – Large High Grade Silver System
GAVILANES SILVER PROJECT – Established silver resource positioned within LARGE HIGH GRADE SILVER Mexico’s premier silver district For personal use only SYSTEM Located in the San Dimas mining district, Durango, Mexico Hosted within the Sierra Madre Volcanic Belt, Mexico’s premier silver-gold province
Slide 15: Gavilanes Silver Project
GAVILANES SILVER PROJECT Multiple mineralised zones across a large underexplored silver system For personal use only 13,500 hectares across 11 mining concessions Three identified zones: Gavilanes, Central and Western Gavilanes zone covers approximately 15 km² Central and Western zones remain largely
Slide 16: Guadalupe y Calvo – Large High-Grade Silver-Gold System
GUADALUPE Y CALVO – LARGE HIGH-GRADE SILVER- GOLD SYSTEM For personal use only District-scale silver-gold system with a 60Moz resource base 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
Slide 17: Guadalupe y Calvo – Historic High-Grade Silver-Gold District
GUADALUPE Y CALVO – HISTORIC HIGH-GRADE SILVER-GOLD DISTRICT For personal use only Over 190 years of mining with multiple resource expansion targets Over 190 years of mining since discovery in 1835 Approximately 2Moz gold and 31Moz silver produced historically More than 86,000m of core drilling comp
Slide 18: Near-Term Catalysts Across AVM's Mexico Projects
NEAR-TERM CATALYSTS ACROSS AVM’S MEXICO PROJECTS 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 comp
Slide 19: Australian Gold Projects
AUSTRALIAN GOLD PROJECTS For personal use only Located in the heart of Australia’s Victorian Goldfields, a region that has produced over 80Moz of gold. “ Victoria’s goldfields are one of Australia’s most prolific historic gold regions, having produced more than 80 million ounces of gold. With the My
Slide 20: Myrtleford & Beaufort Gold Projects
MYRTLEFORD & BEAUFORT Exploration across a prolific Victorian gold belt GOLD PROJECTS | VICTORIAN For personal use only with multiple historic mines GOLDFIELDS AVM has the right to earn up to an 80% interest in the Myrtleford and Beaufort Gold Projects Projects acquired from Serra Energy Metals, whi
Slide 21: Myrtleford Project Overview
MYRTLEFORD Drilling expands gold footprint across the Happy Valley PROJECT trend For personal use only OVERVIEW Visible gold intersected across multiple holes System extends >500m vertically ~13km mineralised trend with multiple targets Maiden drilling confirms mineralisation at Queen of the Hills A
Slide 22: Myrtleford Project – Recent Drilling
MYRTLEFORD PROJECT - AVM RECENT DRILLING For personal use only Maiden regional drilling confirms mineralisation beyond Happy Valley, highlighting district-scale potential Key Results – Happy Valley AMD003 – 7.5m @ 55.0g/t Au incl. 1.3m @ 305.8g/t Au AMD001 – 8.2m @ 28.8g/t Au incl. 3.4m @ 68.2g/t Au
Slide 23: Myrtleford Project – High-Grade Gold Intersected
MYRTLEFORD PROJECT – Multiple drill holes confirm high-grade gold HIGH-GRADE GOLD mineralisation For personal use only INTERSECTED Gold system extends >500m vertically High grade veins continue at depth Sulphide-bearing quartz veins Visible gold present Open along strike and depth Metallurgical test
Slide 24: Next Steps for the Myrtleford Project
NEXT STEPS FOR THE Happy Valley Breakthrough MYRTLEFORD PROJECT For personal use only Mineralised system now defined over >500m vertical extent and remains open Assays pending from multiple holes Follow-up drilling currently testing high grade system up and down plunge Maiden regional drilling progr
Slide 25: Contact
For personal use only CONTACT Dr Adam McKinnon Unit 6, Level 1, 389 Oxford Street, Managing Director and CEO Mt Hawthorn, WA, 6014 +61 (0) 411 028 958 www.advancemetals.com.au [email protected] Jane Morgan & Abbey Phillipps Investor & Media Relations +61 (0) 405 555 618 jm@janemorganman
Slide 26: 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 27: 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