American West Metals Ltd. · ASX:AW1
American West Metals — Investor Presentation (July 2026)
25 slides from American West Metals's investor presentation, Jul 29, 2026
Slide 1: July 2026 – The Further Case for Copper
JULY 2026 – THE FURTHER CASE FOR COPPER Cu In Zn 29 49 30 * 325,000t 23,763,000oz * 1,290,000t * 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 METAL PLATFORM Storm Copper, Canada – Near-term open-pit producer West Desert, Utah – ‘All American’ Critical Metals 4
Slide 5: Storm Copper Project
COPPER . GROWTH. 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 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 copper deposits withi
Slide 7: Existing Resources within >110km Copper Belt
Existing Resources within >110km Copper Belt 276Kt of copper / 3.0Moz of silver 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 1.3-2.0% Cu Resource extension and exploration drilling confirms potential
Slide 8: PFS Progress — Building a Study That Stands Up
PFS Progress — 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 Industry leading processing pathway The PFS aims to improve on the highly successful use of ore-sorting and beneficiation
Slide 9: PFS Progress — Ore-Sorting, Jigs, and Tertiary Flotation
PFS Progress — Ore-Sorting, Jigs, and Tertiary Flotation C O P P E R . PROVEN TECHNOLOGY, LOW-FOOTPRINT PROCESSING SOLUTION G R O W T H . Ore-sorting and beneficiation are the key processes, with potential addition of small scale flotation circuit increasing recovery of fines Optimised process plant
Slide 10: Strategic Alliance provides up to US$40m finance and Offtake Agreement with Ocean Partners
Strategic Alliance provides up to US$40m finance and Offtake Agreement with Ocean Partners 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 metal Ocean Partners ha
Slide 11: Genuine and Rare District Scale Opportunity
Genuine and Rare District Scale Opportunity TORNADO / BLIZZARD 100% control of regional scale copper 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 have highlighted EM a
Slide 12: High-Grade Copper Targets
High-Grade Copper Targets 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, 17.9g/t Ag (SR23-089, C
Slide 13: West Desert Project
COPPER . GROWTH. SECTION 01 West Desert Project UTAH, USA Drill core from WD22-01 from 1,785ft downhole
Slide 14: Strategic and Critical Metal Asset
Largest undeveloped 100% Presidential Strategic and Critical Metal Asset Indium resource in 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 constru
Slide 15: Growth and exploration potential
UNDEREXPLORED DISTRICT Growth and exploration potential High-grade copper/critical metals discovered outside of resource - 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 WD22-01) - 4.5m @ 2.2
Slide 16: Corporate Overview
COPPER . GROWTH. SECTION 04 Corporate Overview
Slide 17: 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. career of over 40 years’ experience. A geologist with over 20 years’ experience In h
Slide 18: Company Snapshot
Company Snapshot Key Metrics AW1 Share Price ASX Code : AW1 OTCQB: AWMLF 1,229m Shares on Issue $0.033 Share Price1 Board / Management Other 4% 56% Cash on hand as at 30 June 2026 Ocean Partners $8.94m 6% HSBC Nominees ~$39m Market Capitalisation1 Other Top 20 12% 1% Citicorp Nominees 371m Listed Op
Slide 19: Appendix
COPPER . GROWTH. SECTION 05 Appendix
Slide 20: 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 21: Storm Geological Model
STORM Geological Model 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 growth with multiple geop
Slide 22: West Desert Geological Model
WEST DESERT Geological Model 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 style Ga potential Cr
Slide 23: 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 24: 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 2022 ⃗ 2023 ⃗ 2024 ⃗ 2025/2026 26 April Assays Con
Slide 25: Dave O’Neill / Dannika Warburton
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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