Advance Metals Set to Unveil Major Drilling Breakthroughs at Upcoming Investor Webinar
Advance Metals (ASX:AVM) has scheduled a comprehensive investor webinar for Friday, November 28 at 11:00am AEDT, where Managing Director Dr Adam McKinnon will present significant drilling achievements and outline the company's aggressive exploration roadmap across two high-impact projects. The Advance Metals gold discovery represents a pivotal moment for the company's growth trajectory.
The webinar promises to detail material updates from both the Myrtleford Gold Project in Victoria and the Yoquivo Silver-Gold Project in Mexico, with investors gaining exclusive insights into recent high-grade discoveries and fully-funded expansion programs.
High-Grade Gold Discovery Extends Myrtleford's Potential
Record Depth Intercept Confirms Down-Plunge Continuity
The Happy Valley deposit at Myrtleford has delivered exceptional results from its deepest drilling to date. Hole AMD014A intercepted high-grade gold mineralisation approximately 140 metres below previous drilling depths, providing strong evidence of down-plunge continuity that significantly expands the deposit's scale potential.
Furthermore, this Advance Metals gold discovery demonstrates the geological team's expertise in targeting high-value zones. The results have exceeded market expectations and validated the company's strategic exploration approach.
Key highlights from the latest assay results include:
• 3.7m @ 16.6 g/t Au from 464.5m depth
• 0.8m @ 62.3 g/t Au from 465.6m depth (highest grade interval)
• High-grade mineralisation now extends >500m vertically
• Deposit remains open in all directions
The confirmation of visible gold previously reported in AMD014A through laboratory assays validates the geological team's field observations and reinforces confidence in the deposit's continuity at depth.
Accelerated Drilling Campaign Underway
Advance Metals has significantly ramped up exploration activities with a second diamond rig now operating on the Happy Valley Trend. This expanded drilling capacity positions the company to rapidly test multiple targets and advance resource definition across the broader project area.
In addition, the company has commenced maiden drilling at Queen of the Hills, located approximately 4.5 kilometres from Happy Valley, marking the first modern exploration test of this historically significant area. The expanded programme builds upon the successful Advance Metals gold discovery and aims to replicate similar high-grade results.
Mexico Operations Target Major Silver-Gold Resource Growth
Pertenencia Vein Expansion Program Launched
At the Yoquivo Silver-Gold Project in Chihuahua, Mexico, Advance Metals has restarted diamond drilling operations targeting extensions to the high-grade Pertenencia vein system. The current Foreign Estimate stands at 17.23 million ounces Silver Equivalent at 570 g/t AgEq, providing a substantial foundation for resource growth.
The planned drilling program encompasses:
• ≥3,000 metres of diamond drilling extending into early 2026
• Testing of regional targets with rock chip samples up to 1,594 g/t AgEq
• Historic core re-logging and re-assaying revealing grades up to 848 g/t AgEq
• Results designed to support a JORC Resource upgrade in early 2026
| Funding Allocation | Project Focus |
|---|---|
| Myrtleford Gold Project | Multi-rig drilling, resource expansion |
| Yoquivo Silver-Gold Project | 3,000m+ drilling program |
| Regional Exploration | New target testing and evaluation |
Understanding Silver Equivalent Grades: A Key Valuation Metric
Silver Equivalent (AgEq) represents the combined value of all metals in a deposit expressed as an equivalent amount of silver. This metric allows investors to compare multi-metal projects on a standardised basis by converting gold, copper, lead, zinc, and other metals into their silver value equivalent based on current metal prices and recovery rates.
For Yoquivo's 570 g/t AgEq grade, this represents exceptionally high-grade mineralisation that significantly exceeds typical silver mining operations, which often operate at grades between 100-300 g/t silver. The high-grade nature of Yoquivo's mineralisation supports potentially strong project economics and positions it as a premium silver-gold asset.
The conversion formula considers both the relative metal prices and metallurgical recovery rates expected during processing. A Silver Equivalent grade provides a simplified method for investors to assess the economic potential of polymetallic deposits without requiring detailed knowledge of each individual metal's contribution.
Industry Context and Benchmarking
Silver mining operations typically require grades above 100 g/t silver to achieve economic viability under current market conditions. Yoquivo's reported 570 g/t AgEq substantially exceeds this threshold, suggesting robust project economics if confirmed through feasibility studies.
However, high-grade silver-gold deposits often command premium valuations due to their lower mining costs per ounce and reduced processing complexity compared to lower-grade bulk mining operations.
Strategic Positioning Following $13M Capital Raise
The recent $13 million placement has provided Advance Metals with full funding for its current exploration programmes across both projects. This financial position eliminates near-term dilution concerns and allows management to execute aggressive drilling campaigns without capital constraints.
Consequently, the fully-funded position enables the company to maintain drilling momentum through early 2026, capturing multiple news flow catalysts and potential resource upgrades across both flagship assets. This financial strength supports the ongoing Advance Metals gold discovery efforts and provides confidence for investors.
Exploration Strategy Focus
The company's dual-project approach diversifies geological risk whilst maximising exposure to both gold and silver markets. Victoria's established mining jurisdiction provides regulatory certainty, whilst Mexico offers significant resource scale potential.
Webinar Coverage Expectations
The upcoming presentation will likely address several key investor questions regarding exploration strategy, timeline expectations, and resource development priorities. Management typically uses these forums to provide detailed geological context and explain the significance of recent drilling results within broader project development plans.
Key areas expected to be covered include:
• Geological interpretation of recent high-grade intercepts
• Drilling target prioritisation across both projects
• Resource estimation timelines and JORC compliance pathways
• Regional exploration potential and target generation
• Project development milestones through 2026
Investment Catalyst Timeline
Advance Metals has positioned multiple potential catalysts across both projects through 2026. The combination of confirmed depth extensions at Myrtleford and resource expansion potential at Yoquivo creates multiple pathways for value creation.
For instance, the company's strategic focus on high-grade targets suggests potential for additional discoveries similar to the recent breakthrough. This approach builds upon the foundation established by the initial Advance Metals gold discovery.
Anticipated near-term catalysts include:
• Continued high-grade intercepts from expanded drilling programmes
• Maiden JORC Resource estimate for Happy Valley deposit
• JORC Resource upgrade for Yoquivo in early 2026
• Regional exploration success across both project areas
The company's fully-funded position through early 2026 provides operational flexibility to pursue aggressive exploration programmes without immediate capital market dependence.
Geological Significance of Recent Results
The 140-metre depth extension at Happy Valley represents a substantial increase in the known mineralisation envelope. Down-plunge continuity confirmation suggests the deposit's geometry extends significantly beyond previous estimates, potentially supporting larger resource calculations.
The 62.3 g/t gold intercept from AMD014A represents exceptional grade continuity at depth, indicating robust mineralising processes that maintained metal concentration throughout the geological formation process. Such grade consistency often suggests favourable metallurgy and processing characteristics.
Regional Exploration Context
The commencement of maiden drilling at Queen of the Hills expands Advance Metals' exploration footprint across a 4.5-kilometre corridor. This regional approach targets multiple mineralised zones within the same geological terrane, potentially identifying additional deposits that could support centralised processing infrastructure.
Historic mining activity in the area provides geological precedent for economic mineralisation, though modern exploration techniques offer superior target definition and resource quantification capabilities.
Mexico Project Development Pathway
The Yoquivo Silver-Gold Project's Foreign Estimate of 17.23 million ounces Silver Equivalent provides a substantial foundation for JORC Resource conversion. The planned ≥3,000-metre drilling programme aims to validate historical estimates whilst extending known mineralisation boundaries.
Rock chip samples returning up to 1,594 g/t AgEq indicate significant exploration upside beyond the current resource footprint. These regional targets suggest potential for discovery of additional vein systems that could substantially increase the project's overall endowment.
Resource Conversion Focus
Historic core re-logging and re-assaying activities have revealed grades up to 848 g/t AgEq, suggesting potential for resource estimate upgrades based on modern analytical techniques and quality assurance protocols.
The early 2026 timeline for JORC Resource upgrade aligns with completion of the planned drilling programme, providing sufficient time for comprehensive geological modelling and resource estimation processes.
Why Investors Should Monitor Advance Metals' Progress
Advance Metals has positioned itself at a critical inflection point with two high-grade projects delivering material results simultaneously. The combination of geological success and financial capacity creates multiple opportunities for value creation through 2026.
The company's exposure to both gold and silver markets provides commodity diversification benefits, whilst operations across Victoria and Mexico offer jurisdictional risk balance. Full funding eliminates near-term dilution concerns, allowing focus on operational execution and resource development.
Investment considerations include:
• Dual-project portfolio reducing single-asset dependence
• High-grade mineralisation supporting strong project economics potential
• Established management team with relevant exploration experience
• Clear development pathway with defined milestones
• Full funding through key exploration phases
Webinar Registration: Register Here
Date & Time: Friday, November 28, 2025 at 11:00am AEDT / 8:00am WST
A recording will be made available to investors following the session, ensuring broad access to management commentary and strategic updates across both flagship projects.
Could Advance Metals Be Your Next High-Grade Discovery Play?
With exceptional drilling results extending mineralisation 140 metres deeper than previous intercepts and a fully-funded $13 million exploration programme across two continents, Advance Metals is positioned for significant news flow through 2026. The company's dual-project approach offers exposure to both gold discoveries in Victoria and high-grade silver-gold resources in Mexico, creating multiple pathways for value creation. To explore how these breakthrough results and aggressive drilling campaigns could impact your investment portfolio, discover more about Advance Metals' projects and strategic positioning at advancemetals.com.au/investors/.
