Advance Metals Expands Silver-Gold Resources to 116 Million Ounces Across Key Mexican and Australian Sites

Advance Metals’ Strategic Footprint in Mexico’s Sierra Madre Silver Belt

Advance Metals Limited has positioned itself as a dedicated explorer targeting high-grade precious metals projects within one of North America’s most prolific silver-producing regions. Its Mexican holdings encompass three projects located within or adjacent to the Sierra Madre Silver Belt, a geologically significant zone renowned for substantial silver and gold mineralization. This focused geographic presence enables operational efficiencies and leverages regional expertise and infrastructure.

The Sierra Madre Silver Belt has historically contributed significantly to global silver output, and Advance Metals’ activities in this established mining jurisdiction benefit from developed transport, power, and community frameworks. The company’s approach centers on identifying and advancing deposits capable of reaching development scale. Recent acquisitions have bolstered the company’s resource base to 116 million ounces of silver equivalent across its Mexican projects, reflecting management’s confidence in the region’s exploration potential and their capability to uncover undervalued or underexplored assets.

Yoquivo Project Mineral Resource Upgrade to 33 Million Ounces Silver Equivalent

The Yoquivo project recently received a notable mineral resource estimate upgrade, now totaling 33 million ounces of silver equivalent. This enhancement reflects ongoing drilling and geological analysis, indicating the deposit’s expansion both at depth and along strike—a typical pattern in successful precious metals discoveries where initial resource estimates tend to be conservative.

Dr. Adam McKinnon, Managing Director of Advance Metals and Member of the Australian Institute of Mining and Metallurgy (AusIMM), led the compilation of exploration and drilling data for Yoquivo. The mineral resource estimate and geological interpretations were reviewed by Joel Sidoruk of Tectonica Exploration and Arnold van der Heyden of H&S Consultants Pty Ltd, both AusIMM members. Their involvement as Competent Persons validates the technical rigor and credibility of the resource update, establishing Yoquivo as the flagship asset within Advance Metals’ Mexican portfolio and supporting the company’s growth strategy.

Gavilanes Project Delivers Robust Initial Drilling Results for Silver, Gold, and Copper

Initial drilling at the Gavilanes project, another Mexican asset acquired by Advance Metals, has produced very strong assay results for silver, gold, and copper. These encouraging outcomes confirm the presence of polymetallic mineralization with precious metals as primary economic targets. Positive initial drill results reduce project risk by verifying significant mineralization at depth and justify further exploration to delineate additional resources.

The acquisition of Gavilanes has been validated by these results, supporting its inclusion in the company’s core portfolio. The polymetallic nature of the mineralization offers multiple economic opportunities and may attract diverse investor interest depending on commodity price trends. Joel Sidoruk, Advance Metals’ LATAM regional manager and AusIMM member, served as the Competent Person for the Gavilanes Foreign Estimate, as detailed in the company’s 6 January 2025 announcement. The strong assay data suggest accelerated exploration investment is warranted to define resources and assess development prospects.

Myrtle and Beaufort Projects Target High-Grade Gold in Victoria’s Historic Goldfields

Advance Metals’ Australian portfolio includes the Myrtle and Beaufort projects situated in or near Victoria’s historic goldfields, a region with over 150 years of mining heritage. These projects provide exposure to one of Australia’s most prolific gold-producing areas, where modern exploration techniques continue to uncover new ore bodies beneath historic workings.

The Myrtle project has demonstrated high-grade gold discovery potential based on geological and geochemical indicators from recent exploration. Dr. Adam McKinnon, Managing Director and AusIMM member, compiled technical data for the Myrtleford and Beaufort projects, ensuring adherence to industry standards. These discovery-stage projects in a tier-one mining jurisdiction diversify Advance Metals’ geographic risk and offer access to well-established mining infrastructure, regulatory frameworks, and service providers. Development of these Victorian projects could balance the company’s asset base between Mexico and Australia.

116 Million-Ounce Silver Equivalent Resource Reflects Successful Acquisition Strategy

The company’s 116 million-ounce silver equivalent resource across three Mexican projects has been built through targeted acquisitions, effective exploration drilling, and resource upgrades. This consolidated resource base highlights Advance Metals’ capability to identify and secure promising assets and to define measurable mineral resources through focused technical efforts. The silver equivalent metric aggregates the value of silver, gold, copper, and other metals using prevailing commodity prices and metallurgical assumptions.

The Guadalupe y Calvo acquisition, announced on 22 July 2025, significantly contributed to surpassing the 100 million-ounce silver equivalent milestone. Joel Sidoruk served as Competent Person for that announcement. The current 116 million-ounce figure reflects further resource growth, notably the Yoquivo upgrade. For investors, an expanding resource base enhances optionality by increasing the number of projects with potential to progress toward development and commercialization.

Exploration Risks and Foreign Estimate Classifications

Advance Metals acknowledges that certain Foreign Estimates of mineralization, particularly at Gavilanes and Guadalupe y Calvo, are not yet compliant with the Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves (2012 JORC Code). These estimates have not undergone sufficient evaluation by a Competent Person to be reclassified as JORC-compliant resources or reserves. This classification is common for recently acquired projects but introduces technical uncertainty regarding their eventual conversion to JORC standards.

As an exploration-stage company, Advance Metals faces inherent risks, including unproven economic viability of mineralization, commodity price volatility, permitting delays, environmental and social challenges, adverse drilling outcomes, and metallurgical complexities. Continued capital investment is required to maintain tenement holdings and fund exploration, creating ongoing financial demands.

Management Expertise and Technical Validation in Resource Reporting

Dr. Adam McKinnon, Managing Director and AusIMM member, oversees Advance Metals’ technical programs, bringing expertise in mineralization styles and exploration methodologies aligned with the company’s precious metals focus. His endorsement of technical disclosures assures investors of compliance with professional industry standards.

External specialists, including Joel Sidoruk (Tectonica Exploration) and Arnold van der Heyden (H&S Consultants Pty Ltd), both AusIMM members, provide additional technical review and validation. This combination of internal and external expertise ensures rigorous resource estimation and exploration interpretation, reducing risks of technical inaccuracies. The involvement of multiple Competent Persons across projects reflects best practices typical of established exploration companies.

Market Positioning and Investor Outlook for Precious Metals Exploration

Advance Metals operates within the precious metals exploration sector, influenced by gold and silver price cycles, macroeconomic factors, and market sentiment toward commodities. The company’s silver-centric approach appeals to investors due to silver’s dual industrial and investment demand. Its operations in both Mexico and Australia offer geographic diversification and exposure to two mature mining jurisdictions with distinct regulatory and operational environments.

While immediate share price impacts from exploration updates and acquisitions are not publicly quantifiable, investors are advised to monitor commodity prices, ongoing drilling results, acquisition announcements, and regulatory developments. The company’s ability to meet exploration milestones—including further Yoquivo upgrades, resource definition at Gavilanes, and discoveries at Myrtle and Beaufort—will likely influence investor sentiment. Additionally, funding activities, management changes, and commodity market shifts could materially affect valuation and share performance.

Upcoming Exploration Milestones and Investor Focus Areas

Advance Metals’ near-term outlook includes continued drilling at Yoquivo aimed at further resource expansion, ongoing exploration at Gavilanes to potentially establish a JORC-compliant resource, and early-stage exploration progress at Myrtle and Beaufort. Discovery announcements or drilling updates at these Victorian projects could serve as catalysts for investor interest.

Future acquisitions remain possible given the company’s demonstrated capacity to identify and finance promising assets. Maintaining adequate funding will be essential to sustain exploration momentum. Investors should watch for quarterly and annual reports detailing exploration expenditures, tenement status, management updates, and capital structure changes. Commodity price fluctuations, especially in silver and gold, will impact the company’s market capitalization and project economics. Key upcoming catalysts may include further Yoquivo resource upgrades, resource definition at Gavilanes, or significant exploration results from Australian projects.