American West Metals Ltd. · ASX:AW1
American West Metals — Investor Presentation (September 2025)
32 slides from American West Metals's investor presentation, Sep 9, 2025
Slide 1: Corporate Presentation September 2025
For personal use only SEPTEMBER 2025 CORPORATE PRESENTATION Copper. Growth. ASX: AW1 | 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: Storm Copper Project
COPPER . GROWTH. For personal use only SECTION 01 Storm Copper Project
Slide 5: Investment Highlights
INVESTMENT HIGHLIGHTS Low-Capital, District Scale Copper Development Opportunity For personal use only Simple, high-grade, low-cost US$40m funding and offtake copper operation deal de-risks execution PEA defines initial US$47.4m CAPEX Strategic Alliances secured with with open-pit resources and simp
Slide 6: Compelling Economics and Near-Term Timeline
Compelling Economics and Near-Term Timeline For personal use only PEA highlights a low cost start-up, rapid payback, and strong cash flow operation Initial Capital of US$47.4m Comprising Mining & Site Infrastructure US$13.8m, Processing US$9.4m, Camp & Aerodrome US$3.7m, Construction US$11m, and Con
Slide 7: Initial Storm Open Pit Mine Plan
INITIAL STORM OPEN PIT MINE PLAN Thick and continuous sediment- High-quality Resources hosted copper deposits located at surface: Underpin Development 20.6Mt @ 1.1% Cu, 3.3g/t Ag2 For personal use only Storm Copper Proposed Mining Development Initial production target Mine schedule includes Multiple
Slide 8: Simple, Efficient and ESG-Friendly Processing
Simple, Efficient and ESG-Friendly Processing Ore-sorting and beneficiation provides very Ore sorting and wet jig process For personal use only plan for the upgrade of Storm low capital, very low risk processing solution copper-silver mineralisation with world leading ESG credentials Proven technolo
Slide 9: Strategic Alliance provides up to US$40m finance to develop Storm
Strategic Alliance provides up to US$40m finance to develop Storm Offtake and Funding 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 Privat
Slide 10: Compelling Valuation Versus Peers
Compelling Valuation Versus Peers ASX-Listed Copper Juniors For personal use only ASX:NWC ASX:CNB ASX:CY5 ASX:PEX ASX:WCN ASX:AW1 Market Cap ~$243M ~$68M ~$92M ~$38M ~$58M ~$29M (A$m)1 Project Antler Copper (100%) Greater Duchess (82.5-100%) Chibougamau Cu-Au Project (100%) South Cobar (100%) RAE Pr
Slide 11: Genuine and Rare District Scale Opportunity
Genuine and Rare District Scale Opportunity Cautionary Statement The Seal Zinc Deposit MRE is historical and foreign in nature and is reported in accordance with Canadian NI 43-101 Standards and not in accordance with the 2012 JORC Code. For details on the Seal MRE see Appendix 100% control of regio
Slide 12: Large-Scale Copper Targets
Large-Scale Copper Targets For personal use only Exploration has continued to expand the copper footprint and highlight regional endowment potential New high-grade copper drill hits at Storm not yet included in MRE giving immediate resource growth potential, including: 8m @ 5.3% Cu (The Gap) and 22.
Slide 13: Multiple Copper Horizons Discovered
Multiple Copper Horizons Discovered For personal use only The known near-surface copper deposits may be the ‘tip of the Iceberg’ Cyclone-style copper mineralisation discovered in the faulted down, Central Graben block Only 5% of all drill holes have tested >100m vertical depth All deep drill holes t
Slide 14: West Desert Project
COPPER . GROWTH. For personal use only SECTION 02 West Desert Project
Slide 15: Strategic and Critical Metal Asset
Largest undeveloped 100% Outstanding Strategic and Critical Metal Asset Indium resource in US ownership infrastructure Strategically important Fully permitted for open 160km from Salt Zinc-Copper-Silver-Indium source of Indium pit and exploration shaft Lake City with For personal use only constructi
Slide 16: US Presidential Executive Order
US PRESIDENTIAL EXECUTIVE ORDER American West Metals aims to contribute to the re-shoring of a Immediate Measures to Increase low-cost, sustainable, US critical American Mineral Production metals supply chain For personal use only By the authority vested in me as President….it is hereby ordered: Sec
Slide 17: Growth Opportunities
Growth Opportunities Indium metal (file photo) For personal use only Exceptional growth potential in US cortical and strategic metals More than 675 tonnes of indium metal defined within existing resource The US is a 100% net importer of indium, with most supply from China and Bolivia Indium: Molybde
Slide 18: Historical Mining District
HISTORICAL MINING DISTRICT Opportunity to fast-track recovery of critical metals from historical Utah, Emma, and Galena Mines at mine waste at West Desert West Desert For personal use only ‘Department of the Interior Launches Effort to Unlock Critical Minerals from Mine Waste’ issued on 24 July 2025
Slide 19: Copper Warrior Project
COPPER . GROWTH. For personal use only SECTION 03 Copper Warrior Project
Slide 20: Copper Warrior Project
COPPER WARRIOR PROJECT Compelling geology and fast tracked Strategic Address in Copper Heartland activities Lisbon Valley mine geology and For personal use only mineralising structure mapped within Copper Warrior Project Located in the world Large volumes of outcropping copper class Paradox Basin, c
Slide 21: Corporate Overview
COPPER . GROWTH. For personal use only SECTION 04 Corporate Overview
Slide 22: Project Summary
PROJECT SUMMARY American West Metals STORM COPPER (AW1 80%) For personal use only Mineral Resource Estimate of 20.6Mt @ 1.1% Cu, 3.3g/t Ag4 sets foundation within district-scale sediment hosted copper opportunity WEST DESERT PEA confirms extremely low-cost and simple (AW1 100%) open-pit copper minin
Slide 23: 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 24: Company Snapshot
Company Snapshot AW1 Share Price Key Metrics For personal use only ASX Code : AW1 $0.20 842.6m Shares on Issue $0.15 Other 57% Board / Management 3.3c Share Price2 7% Cash $0.10 $9.27m on hand3 Ocean Partners 9% $26.12m Market Capitalisation1 $0.05 HSBC Nominees 3% Listed 103.4m Options4 BNP Paribas
Slide 25: Investment Summary
Drill core from SM24-02 (18.4m Investment Summary downhole @ 13.2% Cu, 8.2g/t Ag) See ASX Announcement dated 16 December 2024 Significant Growth for Storm MRE For personal use only RESOURCE EXPANSION EXPLORATION ⃗ Resource is significantly derisked with large ⃗ High-priority Midway-Storm-Tornado Cor
Slide 26: Appendix
COPPER . GROWTH. For personal use only SECTION 05 Appendix
Slide 27: Nunavut in focus
Nunavut in focus 1 14 4 10 For personal use only Global ranking for Project permits Years on average Past and new sediment hosted issued since 20001 to permit1 present mines copper districts 1 - Nunavut Impact Review Board database 2024 27
Slide 28: Geology and Resources
Geology and STORM Deposit Category Indicated Mt 9.8 Cu (%) 1.24 Ag (g/t) 4.11 Cu (Tonnes) 121,500 Ag (Ounces) 1,289,400 Resources Sediment hosted, stratabound copper sulphide deposit Cyclone Inferred 3.3 1.03 3.76 34,200 403,300 Indicated 0.9 1.92 4.37 16,500 120,200 Chinook Inferred 0.9 0.81 2.85 7
Slide 29: Storm Geological Model
STORM Geological Model For personal use only Large 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 growth with m
Slide 30: 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 31: Competent Persons Statement
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 26
Slide 32: For personal use only
For personal use only ASX: AW1 | AMERICAN WEST METALS LIMITED | ACN 645 960 550
American West Metals — Investor Presentation (September 2025) on 6ix