Australia's Advance Metals hits over 1-year high as co gets funds for Victoria project

Advance Metals

10/02/2025 04:27

** Shares of Advance Metals  AVM.AX  climb 1.9% to A$0.053,
and set for five consecutive sessions of gains, if current trend
holds 
    ** Stock hits its highest point since mid-December 2023
    ** The mineral explorer says it has secured firm commitments
to raise A$1.52 million ($950,760) at A$0.044/share via
placement for diamond drilling at the Myrtleford Project in
Victoria
    ** Says initial drilling at the project to test area around
the previous high-yield site, aiming to improve understanding of
the mineral distribution and structural controls
    ** Over 6.2 mln shares traded vs 2.8x the 30 day avg
    ** Stock last month gained 20.6%

   ($1 = 1.5987 Australian dollars)

 (Reporting by Kumar Tanishk in Bengaluru)
 ((Tanishk.Kumar@thomsonreuters.com;))