American West Metals Ltd. · ASX:AW1
American West Metals — Precious Metals Summit (September 2026)
28 slides from American West Metals's conference presentation, Sep 23, 2026
Slide 1: American West Metals – September 2026
SEPTEMBER 2026 For personal use only Cu 325,000t In Zn 1,290,000t 29 23,763,000oz 49 * * 30 * Copper Copper Indium Indium Zinc Zinc ASX: AW1 | OTCQB: AWMLF | AMERICAN WEST METALS LIMITED | ACN 645 960 550
Slide 2: Important Notice and Disclaimer
Important Notice and Disclaimer This presentation has been prepared and issued by American West Metals Limited (the Company or This presentation may include forward-looking statements. Forward-looking statements include, but are American West) to inform interested parties about the Company and its p
Slide 3: Cautionary Statement
Cautionary Statement The Preliminary Economic Analysis (PEA), or Scoping Study, referred to in this ASX release, full details of For full details of the Mineral Resource Estimate for the Storm Copper Project, including JORC Table 1, which were announced on 3 March 2025 has been undertaken for the pu
Slide 4: Investment Highlights
Investment Highlights BUILDING A NORTH AMERICAN COPPER AND CRITICAL For personal use only METAL PLATFORM Storm Copper, Canada – Near-term open-pit producer West Desert, Utah – ‘All American’ Critical Metals 4
Slide 5: Storm Copper Project, Nunavut, Canada
COPPER . GROWTH. For personal use only SECTION 01 Storm Copper Project NUNAVUT, CANADA Drill core from SM24-03 from approx. 94m downhole
Slide 6: Near Term Producer – District Scale Opportunity
INVESTMENT HIGHLIGHTS NEAR TERM PRODUCER – DISTRICT SCALE OPPORTUNITY For personal use only Proposed simple, high-grade, low-cost copper operation US$40m funding (against PEA ~US$50m initial CAPEX) and offtake deal de-risks execution Open resources with outstanding exploration upside Sediment-hosted
Slide 7: Existing Resources within >110km Copper Belt
Existing Resources within >110km Copper Belt 276Kt of copper / 3.0Moz of silver For personal use only Current MRE for Storm is 28.2Mt @ 1.0% Cu, 3.3g/t Ag1, maiden reserve underway PFS is evaluating a development scenario with a LOM feed grade of 1.0-2.0% Cu Resource extension and exploration drilli
Slide 8: PFS Near Completion — Building a Study That Stands Up
PFS Near Completion — Building a Study That Stands Up The extended timeline reflects diligence to build on the key strengths of the PEA: targeting a low-cost, high-margin copper project For personal use only Industry leading processing pathway The PFS aims to improve on the highly successful use of
Slide 9: PFS Processing — Ore-Sorting, Jigs, and Tertiary Flotation
PFS Processing — Ore-Sorting, Jigs, and Tertiary Flotation C O P P E R . PROVEN TECHNOLOGY, LOW-FOOTPRINT PROCESSING SOLUTION G R O W T H . For personal use only Ore-sorting and beneficiation are the key processes, with potential addition of small scale flotation circuit increasing recovery of fines
Slide 10: Strategic Alliance with Ocean Partners: Finance and Offtake
Strategic Alliance provides up to US$40m finance and Offtake Agreement with Ocean Partners For personal use only ALLIANCE AND DEAL STRUCTURE: Development of the Galmoy zinc-lead-silver 200,000tpa ore-sorting operation in Ireland, with products to be exported to Europe Private Placement is a global m
Slide 11: Genuine and Rare District Scale Opportunity
Genuine and Rare District Scale Opportunity TORNADO / BLIZZARD 100% control of regional scale copper For personal use only belt – long life project Distance from Storm: ~10km Extensive geophysical and copper anomalies along the SE extension of the Storm Graben. Ground COPPER BELT geophysical surveys
Slide 12: Proven Expansion Potential
Proven Expansion Potential For personal use only Exploration has continued to expand the resource footprint and highlight regional endowment potential High-grade copper intersections at Storm not yet included in initial mine schedule giving further expansion potential, including; - 22.9m @ 8.5% Cu,
Slide 13: West Desert Project, Utah, USA
COPPER . GROWTH. For personal use only SECTION 01 West Desert Project UTAH, USA Drill core from WD22-01 from 1,785ft downhole
Slide 14: West Desert: Strategic and Critical Metal Asset
Largest undeveloped 100% Presidential Strategic and Critical Metal Asset Indium resource in the US ownership Orders Fully permitted for open US defence contractors Strategically important pit and exploration shaft required to source indium Large existing resource on private land source of Indium con
Slide 15: Indium – Largest Known Undeveloped Resource in the US
Indium West Desert – The Largest Known Undeveloped Indium Resource in the US For personal use only Very high-value commodity, and rising – +US$850/kg The large and unique indium Indium is classified as a strategic and critical metal in the US endowment at West Desert is without parallel in the US. W
Slide 16: US Critical Mineral Policy Tailwinds
US CRITICAL MINERAL POLICY TAILWINDS ACCELERATE PERMITTING AND FUNDING OPPORTUNITIES Right Time, Right Place US Domestic Minerals Initiative: Reshoring Supply Chains Department of the Interior (DOI) Initiative: Unlocking critical For personal use only (Executive Order) minerals from mine waste from
Slide 17: Underexplored District – Growth and Exploration Potential
UNDEREXPLORED DISTRICT Growth and exploration potential High-grade copper/critical metals discovered outside of resource For personal use only - 3.5m @ 3.8% Cu, 0.8g/t Au, 98.9g/t Ag, 18.8g/t In, 67.7g/t Ga (from 421.2m in WD22-01c) - 2.1m @ 3.1% Cu, 1.4g/t Au, 5.6g/t Ag, 56.6g/t In (from 314.08m in
Slide 18: Exceptional Exploration Potential
EXCEPTIONAL EXPLORATION POTENTIAL Geophysics and Drilling Define Multiple New Targets For personal use only Less than 10% of the large porphyry/skarn mineral system explored West Desert “lookalikes” – magnetic and gravity geophysical anomalies identified in project area and drilling has confirmed th
Slide 19: Corporate Overview
COPPER . GROWTH. For personal use only SECTION 04 Corporate Overview
Slide 20: Board and Management Team
Board and DAN LOUGHER DAVE O’NEILL Management Team Non-Executive Chairman Managing Director Daniel Lougher is a highly regarded Founder of American West and a major mining executive with a distinguished shareholder. For personal use only career of over 40 years’ experience. A geologist with over 20
Slide 21: Company Snapshot
Company Snapshot Key Metrics For personal use only AW1 Share Price ASX Code : AW1 OTCQB: AWMLF 1,229m Shares on Issue $0.035 Share Price1 Board / Management Other 4% 56% Cash on hand as at 30 June 2026 Ocean Partners $8.94m 6% HSBC Nominees ~$43m Market Capitalisation1 Other Top 20 12% 1% Citicorp N
Slide 22: Appendix
COPPER . GROWTH. For personal use only SECTION 05 Appendix
Slide 23: Storm Geology and Resources
Deposit Category Mt Cu (%) Ag (g/t) Cu (Tonnes) Ag (Ounces) Geology and STORM Cyclone Indicated 12.4 1.10 3.82 136,500 1,527,000 Resources Inferred 4.5 0.95 3.94 43,300 575,000 Sediment hosted, stratabound copper sulphide deposit Indicated 1.0 1.62 3.82 16,900 127,800 Chinook Inferred 0.7 0.56 2.63
Slide 24: Storm Geological Model
STORM Geological Model For personal use only Large, stacked, sediment-hosted copper sulphide system Widespread Surface Copper Multiple near surface high-grade copper deposits identified across 15km2 Deep Sulphide Discovery High-grade copper sulphides up to 3.7% Cu discovered at depth Outstanding gro
Slide 25: West Desert Geological Model
WEST DESERT Geological Model For personal use only Large Porphyry-Skarn Mineral System Multiple Deposit Types in District - High-grade Zn+Cu+In+Au+Ag skarns - Zn+Pb+Ag replacement vein systems (mined circa 1900) - Mo+Cu+-Au porphyry - High-grade Mo vein system at depth (>4% Mo) - Skarn and APEX MINE
Slide 26: Competent Person's Statement
Competent Person’s The Information in this Report that relates to the Preliminary Economic Analysis is based on information compiled by Jim Moore, who is a qualified Competent Statement mining engineer and a Chartered Professional member of the Australian Institute of Mining and Metallurgy. Mr Moore
Slide 27: Competent Persons Statement and Referenced Reports
Competent This Presentation contains information extracted from the following reports which are available on the Company’s website at Persons https://www.americanwestmetals.com/site/content/ https://www.americanwestmetals.com/site/content/ Statement For personal use only 2022 ⃗ 2023 ⃗ 2024 ⃗ 2025/20
Slide 28: Contact Details
For personal use only DAVE O’NEILL DANNIKA WARBURTON Managing Director Investor & Media Relations +61 457 598 993 +61 401 094 261 doneill@aw1group.com dannika@investability.com.au ASX: AW1 | OTCQB: AWMLF | AMERICAN WEST METALS LIMITED | ACN 645 960 550
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