20 October 2025 – Perth, Australia | Advance Metals Limited (ASX:AVM) (“Advance Metals” or “the Company”) is pleased to announce the formation of a new Mexico-focused Advisory Board, aiming to accelerate silver and gold discovery and development initiatives across its high-grade projects in Mexico. The new board brings significant in-country mining experience and strategic insight for Advance Metals, reinforcing the Company’s commitment to delivering on its growth strategy.
The new Mexican Advisory Board will play a key role in driving the Company’s ambitions to expand its Mexican silver-gold portfolio, which currently comprises three high-grade projects collectively hosting more than 100 million ounces (Moz) of silver-equivalent (AgEq) in Foreign Estimates. The Company has set a mid-term growth target of exceeding 200Moz AgEq**, supported by active exploration campaigns across all assets.
Two experienced mining executives have been appointed as inaugural members of the Advisory Board for Advance Metals:
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Douglas Coleman: a seasoned mining executive with 35+ years of experience in Mexico, specialising in investment sourcing, strategic partnerships, and project execution. He founded Mexico Mining Center and co-founded the Discoveries Mining Conference, establishing the country’s leading information and networking platforms for the sector. He led Mexico initiatives for Appian Capital Advisory LLP and held senior roles with major drilling contractors, including Layne and Globexplore. Earlier in his career, Douglas served as owner & Managing Director of Tiger Drilling and General Manager at Dateline Drilling Mexico. He holds a B.Sc. in Geological Engineering from the Colorado School of Mines, is a Fellow of the Society of Economic Geologists (SEG), is a member of the American Institute of Professional Geologists (AIPG) and is fluent in English and Spanish.
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Trevor Woolfe: – an accomplished mining executive and resource industry consultant with more than 35 years of experience across exploration, resource development and corporate leadership in Australia, the Americas, and Africa. He is a current director and was previously VP Exploration & Corporate Development at GR Silver Mining Ltd (TSX-V:GRSL), who are developing the 134Moz Plomosas Silver Project in Sinaloa, Mexico. Trevor is fluent in Spanish and Portuguese, and as founder of independent consultancy Shordean Pty Ltd has provided project evaluations and due diligence on projects in Mexico, Chile, Nicaragua, Brazil, Ecuador,Cuba,Colombia,USA, Zambia, Australia and New Zealand. He has also previously held senior positions with companies including Oro Verde, Anchor Resources, Placer Dome and Newcrest Mining, is a member of the Australasian Institute of Mining & Metallurgy (AusIMM) and the Australian Institute of Geoscientists (AIG), and a Graduate of the Australian Institute of Company Directors (AICD).
The Advisory Board will provide strategic, technical and operational guidance as Advance executes its strategy to significantly grow its silver endowment through discovery and resource development in Mexico.
Managing Director of Advance Metals, Dr Adam McKinnon said:
“Douglas and Trevor bring an exceptional depth of experience and relationships inMexico’s mining industry. Their combined expertise in exploration, development, and on-the-ground execution will be invaluable as we move quickly to expand our silver endowment. In the near term, high-impact drilling at Yoquivo will recommence, followed by our maiden drilling programs at both Guadalupe y Calvo and Gavilanes in early 2026 - the start of what we expect to be a major period of discovery-led growth for Advance”
Advance is well-funded to pursue this growth trajectory, having recently secured $13 million via a placement supported by leading global institutional investors.
Board Update
Coinciding with the establishment of the Advisory Board, the Company announces the resignation of Non-Executive Director Mr Fadi Diab, effective 20 October 2025. Mr Diab departs to focus on other ventures, having served on the Board since the inception of Advance’s corporate restructure.
The Company extends its sincere gratitude to Mr Diab for his professionalism, dedication, and valuable contributions and wishes him continued success in his future endeavours.
For further information:
Dr Adam McKinnon
Managing Director and CEO
Advance Metals Limited
[email protected]
Jane Morgan
Jane Morgan Management
Investor & Media Relations Manager
[email protected]
About us:
About Advance Metals
Advance Metals Limited (ASX:AVM) is an Australian-based exploration company focused on the discovery and development of high-quality, high-grade silver and gold assets in Mexico. With an experienced management team and a strategy underpinned by aggressive exploration and strategic growth, the Company is positioned to become a significant participant in the silver-gold sector.
Contact details:
Jane Morgan
Jane Morgan Management
Investor & Media Relations Manager
[email protected]