Advance Metals Faces Disclosure Pressure Amid Share Price Spike
Advance Metals Limited explains its recent share price jump and trading volume spike as driven by investor relations efforts and an upcoming assay results announcement from its Myrtleford Project.
- Share price rose from $0.054 to $0.09 amid increased trading volume
- Marketing activities by S3 Consortium and East Coast Research report cited as key drivers
- No undisclosed project results shared in marketing materials
- Pending assay results from diamond drilling at Myrtleford Project to be announced by 26 September
- Company confirms compliance with ASX continuous disclosure rules, relying on Listing Rule 3.1A
Background to the Price Movement
Advance Metals Limited (ASX – AVM) recently experienced a notable surge in its share price, climbing from a close of 5.4 cents on 18 September 2025 to a high of 9 cents the following day. This price jump was accompanied by a significant increase in trading volume, prompting the ASX to issue a price query to the company seeking clarity on the drivers behind this market activity.
Company’s Explanation and Market Activities
In its response, AVM attributed the heightened investor interest primarily to its ongoing marketing efforts. The company has engaged S3 Consortium Pty Ltd, an investor relations firm, to promote awareness of AVM’s projects. Additionally, an independent research report by East Coast Research was publicly released on the morning of 19 September, further stimulating market attention. Importantly, AVM confirmed that neither the marketing materials nor the research report included any undisclosed or new project results, maintaining transparency with the market.
Pending Assay Results at Myrtleford Project
While no undisclosed information has been shared publicly, AVM acknowledged it holds assay results from its ongoing diamond drilling program at the Happy Valley Prospect within the Myrtleford Project in Victoria’s Goldfields region. These results remain confidential as the company awaits the completion and interpretation of all drilling data. AVM has engaged geologist Shane Mele of Geomin Pty Ltd to oversee the assay analysis and has received assurances that no undisclosed information has been leaked.
Regulatory Compliance and Forward Outlook
The company is relying on ASX Listing Rule 3.1A to withhold partial results until the full dataset is available, with a formal announcement planned for 26 September 2025. AVM confirmed it remains compliant with continuous disclosure obligations and that its board has authorized the responses to the ASX price query. This measured approach reflects a balance between regulatory requirements and strategic communication to the market.
Implications for Investors
Investors should note that while the recent share price movement is linked to promotional activities and anticipation of assay results, the actual impact of the drilling outcomes remains unknown until the full announcement. The company’s transparent handling of the ASX query and adherence to disclosure rules provide some reassurance, but the market will be closely watching the upcoming assay release for indications of the project’s potential.
Bottom Line?
Advance Metals’ share price momentum sets the stage for a pivotal assay results announcement next week.
Questions in the middle?
- What will the full assay results reveal about the Myrtleford Project’s potential?
- Could the pending results trigger further share price volatility or sustained gains?
- How will the market respond if the assay outcomes differ significantly from expectations?
