Advance Metals (ASX:AVM) Appoints Veteran Mining Executive David O'Connor as Non-Executive Chairman

Jane Morgan Management

22 October 2025 – Perth, Australia | Advance Metals Limited (ASX:AVM) (“Advance” or the “Company”) is pleased to announce the appointment of Mr David O’Connor as Non-Executive Chairman, effective immediately. Mr O’Connor brings more than four decades of global mining experience, having built a distinguished career across exploration, development, as well as significant mergers and acquisitions. His leadership has spanned both publicly-listed and unlisted resource companies, operating across many jurisdictions around the world.

Mr O’Connor has held several high-impact roles throughout his career, including:

• Founder of Explorator Resources, which divested its El Espino Copper-Gold Project to Chilean copper producer Pucobre.

• Leading exploration for Western Mining Corporation at the globally significant Olympic Dam deposit.

• Chief Geologist at AbraSilver Resource Corp. (TSX-V: ABRA), where he has played a key role in growing the Diablillos Silver-Gold Project in Argentina from 129 million ounces (Moz) AgEq to 350 Moz AgEq at a discovery cost of just US$0.11 per ounce.

Mr O’Connor is widely credited with transforming the Diablillos Project and contributing to AbraSilver’s market capitalisation now exceeding AU$1 billion. He holds a BSc (Hons) in Geology from the University of Cape Town and an MSc D.I.C. in Mineral Exploration from the Royal School of Mines, London.

Commenting on his appointment as Non-Executive Chairman, Mr David O’Connor said: 

“I am delighted to join Advance at this stage as it builds a high-quality portfolio of silver-gold assets in Mexico. The Company’s strategy reminds me of AbraSilver’s early days, acquiring high-quality assets at attractive prices. 

The Advance team has successfully secured three high-potential silver-gold assets in Mexico, with a combined endowment of approximately 100 Moz AgEq, on very attractive terms. The opportunity to further grow the silver endowment across Advance’s Mexican assets is extremely compelling, and I look forward to guiding the development of these projects and helping position Advance as a leading silver developer in the region.” 

Commenting on the Appointment, Managing Director, Dr. Adam McKinnon said: 

“David’s appointment adds exceptional depth and experience to our Board. His global perspective, proven track record in value creation and discovery, and hands-on approach to project development will be invaluable as we execute our growth strategy in Mexico. 

We’re delighted to welcome him to the team as we continue to build momentum towards establishing Advance as a major silver developer in the region.” 

Following Mr O’Connor’s appointment: 

• Mr Craig Stranger has transitioned from Non-Executive Chairman to Non-Executive Director.

• Mr Joshua Gordon has resigned from the Board to pursue other business ventures. 

Mr Gordon has served on the Board since the inception of Advance’s corporate restructure and has been instrumental in delivering material shareholder value. His contributions spanned strategic development, project acquisition, and multiple successful capital raisings. 

The Board extends its sincere thanks to Mr Gordon for his service, professionalism, and commitment, and wishes him continued success in his future endeavours. 

For further information, please contact:

Dr Adam McKinnon
Managing Director and CEO
Advance Metals Limited
[email protected]

Jane Morgan
Investor & Media Relations Manager
Advance Metals Limited
[email protected]

About Advance Metals Limited

Advance Metals Limited (ASX: AVM) is an Australian-based exploration company focused on acquiring and developing high-quality silver and gold projects in Mexico. The Company’s strategy is centred on identifying underexplored assets with strong upside potential and delivering value through technically driven project advancement.

Jane Morgan
Jane Morgan Management
Investor & Media Relations
[email protected]