** 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;))
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