Board Shake-Up and $13M Raise Signal Bold Growth Push for Advance Metals
Advance Metals has established a new Mexican Advisory Board to leverage deep local expertise and fast-track its ambitious silver-gold exploration targets in Mexico. The company aims to more than double its silver-equivalent resources to over 200 million ounces with upcoming drilling campaigns.
- New Advisory Board formed with two seasoned Mexican mining experts
- Targets over 200 million ounces silver-equivalent in medium term
- Three high-grade silver-gold projects in Mexico with ongoing exploration
- Recent $13 million capital raise to fund accelerated drilling programs
- Non-executive director Fadi Diab resigns amid strategic board changes
Strategic Move to Boost Mexican Operations
Advance Metals Limited (ASX – AVM) has taken a decisive step to accelerate its silver and gold exploration ambitions in Mexico by establishing a dedicated Advisory Board. This new board brings together two highly experienced mining executives with extensive in-country knowledge, aiming to unlock the full potential of Advance’s portfolio of three high-grade silver-gold projects.
The company currently holds foreign mineralisation estimates exceeding 100 million ounces silver-equivalent (AgEq) across its Mexican assets, with a medium-term aspiration to surpass 200 million ounces. While these figures remain aspirational and not yet compliant with the JORC reporting standards, they underscore the scale of Advance’s growth ambitions.
Expertise to Drive Discovery and Development
The Advisory Board’s inaugural members, Douglas Coleman and Trevor Woolfe, bring over 70 years of combined experience in Mexican mining. Coleman’s background includes founding the Mexico Mining Center and leading initiatives for major investment firms, while Woolfe’s expertise spans global exploration and corporate development, including leadership roles at GR Silver Mining.
Managing Director Dr Adam McKinnon highlighted the value of their expertise, noting that their strategic, technical, and operational guidance will be instrumental as Advance embarks on a major period of discovery-led growth. High-impact drilling is set to recommence imminently at the Yoquivo Silver-Gold project, followed by maiden drilling campaigns at Guadalupe y Calvo and Gavilanes in early 2026.
Well-Funded for Growth
Backing these exploration efforts is a recent $13 million capital raise, secured from leading global institutional investors, which positions Advance Metals strongly to execute its aggressive growth strategy. This funding will support ongoing and upcoming drilling programs designed to validate and expand the company’s mineral resource base.
Governance Update
Coinciding with the Advisory Board formation, Advance announced the resignation of Non-Executive Director Fadi Diab, who played a key role in the company’s transformation and capital raisings. The company expressed gratitude for his contributions and professionalism, signaling a refreshed governance structure aligned with its growth objectives.
As Advance Metals moves forward, the market will be watching closely to see how the new Advisory Board’s guidance translates into exploration success and resource upgrades, particularly given the aspirational nature of the current resource estimates.
Bottom Line?
Advance Metals’ new Advisory Board and strong funding set the stage for a pivotal growth phase in Mexico’s silver-gold sector.
Questions in the middle?
- Will upcoming drilling confirm and expand the current foreign mineralisation estimates?
- How will the Advisory Board’s expertise influence project prioritisation and capital allocation?
- What impact will the board changes have on corporate governance and investor confidence?
