Advance Metals Limited (ASX:AVM) is a mining company focused on developing its flagship projects the Augustus Project and the Garnet Skarn Project.
The Augustus Project located in Central Arizona is a district wide advanced exploration and development Copper-Gold project that has been previously explored and drilled by majors such as Teck Cominco, Free Ports and Asarco.
The Garnet Skarn Project located in Western Idaho is a large-scale high-grade copper skarn project that was previously explored and drilled by the Anaconda Mining company. These two high-grade growth projects have the potential to be mid-size producers for the US domestic market.
AVM’s strategy is to develop a portfolio of low-cost, high-grade deposits with a potential +100Mt of copper resources. To facilitate this the company has established a US SPV called Northern Eagle Mining to manage the development of its project and attract direct investment from North American Investors. The company also has established a critical minerals Joint Venture called Bandera Mining LLC.
Northern Eagle Mining
Northern Eagle Mining is a special purpose vehicle (SPV) that has been established to manage AVM’s project and attract direct investment from North American investors at the project level. Northern Eagle holds the exploration leases and mining Claims to AVM’s flagship projects in the USA.
Bandera Mining
Bandera Mining is a Joint Venture between AVM and World Industrial Minerals (WIM) that is focused on critical minerals such a Gallium, Germanium, Molybdenum. The Joint Venture gives the company access to geological technical skills in metals and minerals as well as access to new projects. The Principal of WIM is a Qualified Person (QP) for completion of NI 43-101, JORC, AIM and SAMREC.
VISIT WEBSITE: https://advancemetals.com.au/
