Advance Metals LimitedA
Advance Metals Limited (ASX: AVM; formerly Pacific American Holdings Limited, renamed June 2022), Mount Hawthorn-based, is a precious-metals explorer with its primary silver/gold asset base in Mexico: the Yoquivo Silver Project (Chihuahua), the Gavilanes Silver Project (Durango) and the Guadalupe y Calvo (GyC) Gold-Silver Project (Chihuahua). It also holds the Myrtleford and Beaufort Gold Projects in Victoria, Australia. Yoquivo carries a current maiden Mineral Resource Estimate reported under the JORC Code, containing 33Moz AgEq. Important REPORTING-STANDARD DISTINCTION (recorded so a later pass does not double-count): AVM's other two headline figures are not JORC resources -- Gavilanes' 22.4Moz AgEq @ 246g/t AgEq and GyC's 60.6Moz AgEq are FOREIGN ESTIMATES (prepared under Canadian NI 43-101 and not yet reviewed or validated by an Australian Competent Person under JORC), which the company itself labels as such; a JORC upgrade for Gavilanes was targeted for early Q4 CY2026 off a maiden drilling program and historical core review.
Notable vs. Peers
- Trading within 4% of its 52-week low — weak recent price momentum.
Lifecycle Milestones
Jurisdiction (40%)6/10
Its flagship silver projects (Yoquivo, Gavilanes, Guadalupe y Calvo) are in Chihuahua and Durango, Mexico, which have a long mining tradition and mining-friendly local government, but real state-level security concerns and an evolving federal mining law.
Infrastructure (40%)No verified figure
Researched with nothing found: no source we could cite confirms or rules out an existing mill, road access, grid power, or tailings facility at Yoquivo Silver-Gold Project, Sierra Madre Occidental, Chihuahua, Mexico (checked Sep 30, 2026; recheck due Mar 29, 2027). Counts at a neutral 5/10 until one does.
Nearby producing mine (20%)Not yet researched
No project coordinates on file yet, so distance to a producing mine can't be measured.
Acquisition Susceptibility
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal in the research, a producer that already owns part of the company, is scored from its disclosed strategic shareholders. A producer that is a joint-venture or earn-in partner on the project, rather than a shareholder, isn't captured yet.
How this score is built
- Disclosed pending dealSub-score: Not scored
No pending acquisition or merger disclosed (checked)
Not scored: having no deal in flight isn't held against a company.
Weight 26.25% - Producer's strategic stakeSub-score: Not scored
No producer holds a disclosed stake on file (holder register researched) See holders
Not scored: most juniors that do get bought had no prior toehold, so a missing stake says little either way.
Weight 25% - Distance to a producing mineSub-score: Not yet researched
Distance not yet researched: no project coordinates on file
Distance can't be measured without coordinates, so excluded rather than counted as far.
Weight 22.5% - Lifecycle stageSub-score:3.5/10
Stage: Resource Definition
Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.
Weight 15% · 57% here - JurisdictionSub-score:6/10
Mexico: jurisdiction score 6/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 26% here - CommoditySub-score:5/10
Primary commodity: Silver
Gold 10, copper 8, silver 5, nickel and uranium 4, others 2: most majors' deals are for gold.
Weight 4.5% · 17% here
Weight is each input's share of the full score. “Here” is its share of this company's score: inputs that aren't scored are left out and the rest re-weighted, never counted as zero.
Your Rankings
Management Team
Chief Geologist of AbraSilver Resource Corp.; also Non-Executive Chairman of Advance Metals Limited. BSc (Hons), University of Cape Town; MSc DIC (Mineral Exploration), Royal School of Mines, Imperial College London. 40+ years in the mining industry focused on identification, acquisition and management of mineral projects, founder or co-founder of five publicly listed South America-focused companies (managed three through mergers), including Explorator Resources Inc. (developed the El Espino deposit, Chile). Earlier career: Chief Geologist, Peko-Wallsend Limited (Australia); early exploration lead for Western Mining Corporation at the Olympic Dam copper-uranium-gold deposit, South Australia.
Managing Director & CEO of Advance Metals Limited (ASX: AVM). 18+ years in mining and geoscience across exploration, mining and project development. Former Managing Director of Magmatic Resources Limited (ASX: MAG) and former General Manager - Exploration and Business Development at Aurelia Metals Limited (ASX: AMI); earlier technical roles with CBH Resources Limited and KBL Mining Limited. Currently a Non-Executive Director of Australian Gold and Copper Limited (ASX: AGC). Source: advancemetals.com.au/about-us/.
Non-Executive Director of Advance Metals Limited (ASX: AVM). Co-founder and Executive Chairman of PAC Partners, with 20+ years in equities research and equity capital markets, including Head of Research and Head of ECM roles. Currently Non-Executive Director of Glennon Small Companies Limited (ASX: GC1). Source: advancemetals.com.au/about-us/.
Company Secretary of Advance Metals Limited (ASX: AVM) and Dalaroo Metals Limited (ASX: DAL, since 17 Oct 2025), and Chief Financial Officer & Company Secretary of Liberty Metals Ltd (ASX: LIB). MBA, FCPA, CMA, FCIS, MAICD. Over 35 years of business development experience, including approximately 29 years as Director, Chief Financial Officer and/or Company Secretary for numerous listed and unlisted entities across resources, manufacturing, information technology, wine, hotels and property, with experience in acquisitions, mergers, IPOs, capital raisings and business restructuring. A Director and the Chief Financial Officer of Wolfstar Group Pty Ltd (Wolfstar Corporate Management), a Perth corporate advisory and company-secretarial-services firm. Also associated with Abarta Resources Ltd (Non-Executive Chairman & Secretary), Strategic Minerals Corp (Non-Executive Director) and Pioneer Minerals Limited.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
No smart-money tracking (institutional/large-investor activity) for this miner yet — this is a planned feature, not live data.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Advance Metals explores for silver and gold in Mexico, at the Yoquivo silver project in Chihuahua, the Gavilanes silver project in Durango and the Guadalupe y Calvo gold-silver project in Chihuahua, and also holds the Myrtleford and Beaufort gold projects in Victoria, Australia. Yoquivo carries a maiden JORC resource containing 33 Moz of silver equivalent. The 22.4 Moz silver-equivalent estimate at Gavilanes and the 60.6 Moz silver-equivalent estimate at Guadalupe y Calvo are foreign estimates prepared under NI 43-101 that have not been validated by a Competent Person under the JORC Code, so they are not JORC resources, and a JORC upgrade at Gavilanes was targeted for early in the fourth quarter of 2026. No economic study has been completed on any of the projects.