American West Metals Ltd. · ASX:AW1
American West Metals — Investor Presentation (December 2021)
35 slides from American West Metals's investor presentation, Dec 13, 2021
Slide 1: Supplying the global energy transition
For personal use only Supplying the global energy transition High-Grade Copper | Zinc | Silver | Indium Cu Zn Ag In Corporate Presentation - December 2021 ASX Code: AW1 AMERICAN WEST METALS LIMITED ACN 645 960 550 American West Metals – Supplying the global energy transition
Slide 2: Important Notice and Disclaimer
Important Notice and Disclaimer For personal use only Important Notice and Disclaimer: This presentation has been prepared and issued by American West Metals Limited (the Company or American West) to inform interested parties about the Company and its progress. The material contained in this present
Slide 3: Important Notice and Disclaimer
Important Notice and Disclaimer For personal use only Foreign and Historical Resources: The estimates of minerals resources referred to in this presentation in regard to the West Desert Project and the Seal Zinc Project are historical and foreign in nature and are reported in accordance with Canadia
Slide 4: Right Assets, Right Timing
Right Assets, Right Timing For personal use only High quality copper and zinc assets in Tier 1 mining jurisdictions Robust existing resource base with near-term development potential High-grade zinc and copper mineralisation with outstanding growth potential Leveraged to strong macro trends in the c
Slide 5: A Progressive Mining Company
A Progressive Mining Company For personal use only Focus on Project LOW Creating social portfolio COPPER and FOOTPRINT LEGACIES geared to ZINC essential operations that with continued, SUPPLYING metals to are sustainable transparent FUTURE support the and have low community impacts engagement energy
Slide 6: High-Value Base Metals Portfolio
High-Value Base Metals Portfolio For personal use only WEST DESERT STORM AND SEAL COPPER WARRIOR ZINC-COPPER -SI L VER-INDI UM COPPER AND ZINC COPPER • Existing >59Mt of Indicated and Inferred • High-grade zinc and silver deposit at Seal • In the world class Paradox Basin, Utah Resources with a high
Slide 7: High Quality Board and Management Team
High Quality Board and Management Team For personal use only John PRINEAS, Non-executive Chairman Founder of American West and a major shareholder. Technical Advisory Team – North America John is also the founder and Executive Chairman of St George Mining Limited (ASX: SGQ. John holds a Bachelor of
Slide 8: West Desert Project
For personal use only West Desert Project Utah, USA 8 American West Metals – Supplying the global energy transition
Slide 9: West Desert Project – Overview
West Desert Project – Overview For personal use only • West Desert Deposit is a large zinc-polymetallic skarn and carbonate replacement deposit (CRD) • Over 59Mt Indicated and Inferred Resources with a higher grade core of 16.5Mt @ 6.3% Zn, 0.3% Cu, 33g/t In for 1.03Mt Zn, 45Kt Cu and 545t Indium (N
Slide 10: Existing Resources with Outstanding Growth Potential
Existing Resources with Outstanding Growth Potential For personal use only Robust existing resource base: W E • Prior work shows excellent metallurgical recoveries and clean concentrates • Confirmed continuity of higher grade core – to support high grade development scenario • High-grade mineralisat
Slide 11: Indium – West Desert X Factor
Indium – West Desert X Factor For personal use only Identified as a critical metal by USA: • Indium is found in unusually high levels in sphalerite at West Desert • Widely used in the electronics and semiconductor industries – supporting decarbonization technology • Recently classified as critical t
Slide 12: Multiple High-Grade Zones Requiring Follow-Up
Multiple High-Grade Zones Requiring Follow-Up For personal use only N S Growth in Copper: • Numerous high-grade copper lenses not included in high grade zinc resource, including; • 5.1m @ 3.45% Cu from 262.2m (CC-9) • 10.4m @ 3.2% Cu from 469.4m (CC-39) Growth in Silver: 5.1m @ 3.45% Cu • Widespread
Slide 13: Compelling Valuation Versus Peers: West Desert Has Scale and Grade
Compelling Valuation Versus Peers: West Desert Has Scale and Grade For personal use only Company Adriatic Metals Develop Global New World Resources Eagle Mountain Mining American West Mining (ASX:ADT) (ASX:DVP) (ASX:NWC) (ASX:EM2) (ASX:AW1) Market Capitalisation $710m $592m $114m $122m $32m (A$m) Pr
Slide 14: Storm Copper Project and Seal Zinc Deposit
For personal use only Storm Copper Project and Seal Zinc Deposit Nunavut, Canada 14 American West Metals – Supplying the global energy transition
Slide 15: Nunavut – Strong History of Mining
Nunavut – Strong History of Mining For personal use only American West as project operator: • Option agreement signed by American West to earn an 80% project interest for Storm and Seal from Aston Bay Holdings Ltd (TSX-V: BAY) • American West is project manager Highly accessible location with turnke
Slide 16: Storm and Seal Projects – Overview
Storm and Seal Projects – Overview For personal use only • Storm Copper Project is a high-grade sediment hosted copper discovery awaiting resource drill-out • Seal Zinc Deposit – Stratabound zinc deposit adjacent to Storm copper • Existing resources of 1Mt @ 10.24% Zn, 46.5g/t Ag for 103kt Zn, 1.5Mo
Slide 17: Storm – High-Grade Copper Discovery
Storm – High-Grade Copper Discovery For personal use only High-grade copper discovery: • Multiple thick, high-grade copper zones identified across 15km2 with intersections that include: STORM PROSPECT • 19m @ 3.41% Cu from surface (ST97-02) • 110m @ 2.45% Cu from surface (ST97-08) • 56.3m @ 3.07% Cu
Slide 18: Seal – High-Grade Zinc Deposit
Seal – High-Grade Zinc Deposit For personal use only High-grade zinc discovery with maiden resource: NW SE • True width intersections include: • 14.4m @ 10.58% Zn, 28.7g/t Ag from 51.8m • 16m @ 6.62% Zn, 27.1g/t Ag from 76.6m 0mRL • 22.3m @ 23% Zn, 5.1g/t Ag from 101.5m • 2.4m @ 15.13% Zn, 91.9g/t A
Slide 19: Copper Warrior Project
For personal use only Copper Warrior Project Utah, USA 19 American West Metals – Supplying the global energy transition
Slide 20: Copper Warrior Project - Overview
Copper Warrior Project - Overview For personal use only American West as project operator: • Option agreement signed by American West to acquire 100% of Copper Warrior from Bronco Creek Exploration, a subsidiary of EMX Royalty Corp (TSX-V: EMX) • American West to manage exploration during 3 year opt
Slide 21: Compelling Geology and Setting
Compelling Geology and Setting For personal use only Compelling Geology: • Well-understood sediment hosted mineralisation • Copper Warrior lies along the Lisbon Valley fault, the main copper mineralising structure of the region • Lisbon Valley Mine host stratigraphy mapped within Copper Warrior clai
Slide 22: Low Cost and Drill Ready Exploration
Low Cost and Drill Ready Exploration For personal use only Extensive occurrences of copper mineralisation: • Large volumes of outcropping copper across the landholding • Disseminated and vein style copper oxide and sulphides mapped Simple exploration model: • Low cost, low risk and fast tracked expl
Slide 23: Investment Highlights
Investment Highlights For personal use only Assets in Tier 1 mining jurisdictions World class base metals districts with significant mineral endowments and favorable investment regimes Historical resources with potential for near-term low-cost, high return development Drilling programs scheduled to
Slide 24: Value Drivers for American West
Value Drivers for American West use only Pipeline of Multiple Value Accretive Events West Desert: West Desert: • PFS Commences • Scoping Study Outcomes • Metallurgical, Storm/Seal: West Desert: geotechnical and • Seal JORC compliant • JORC compliant resource hydrological drilling resource • Nearmine
Slide 25: Appendices
For personal use only Appendices • Acquisition Terms • Historical Resources • Sustainability • Ingredients of the Clean Energy Transition • Copper Market Outlook • Zinc Market Outlook American West Metals – Supplying the global energy transition
Slide 26: High Value Assets on Favourable Terms
High Value Assets on Favourable Terms For personal use only WEST DESERT STORM/ASTON BAY COPPER WARRIOR Low-cost resource acquisition: Sunk expenditure by majors: Low cost earn-in: • Large existing resource drilled to PEA N1- • Significant exploration expenditure by prior • USD500,000 project expendi
Slide 27: Staged Acquisitions
Staged Acquisitions For personal use only WEST DESERT STORM/SEAL COPPER WARRIOR • 100% acquisition of West Desert now • Option agreement signed in March 2021 • Option agreement signed in April 2021 with completed under an Option Agreement with Aston Bay Holdings Ltd (TSX-V: BAY) Bronco Creek Explora
Slide 28: Historical Resources
Historical Resources For personal use only West Desert Historical Resource: NI-43-101 & 43-101F1 Technical Report with effective date of 17 March 2017 prepared by Mine Development Associates and titled: “Technical Report on the West Desert Zinc-Copper-Indium-Magnetite Project Preliminary Economic As
Slide 29: Sustainability
For personal use only Sustainability 29 American West Metals – Supplying the global energy transition
Slide 30: Low Footprint Development Strategy
Low Footprint Development Strategy For personal use only • Geometry and continuity of high-grade mineralisation at West • Retains flexibility for staged and Desert may support a smaller, lower footprint mining operation responsible expansion • Opportunity to start mining with low capex, high-grade •
Slide 31: Zinc and Copper: Ingredients of the Clean Energy Transition
Zinc and Copper: Ingredients of the Clean Energy Transition For personal use only Zinc – low cost energy storage • Zinc-air battery technology becoming a viable alternative to lithium and cobalt • Rising prices of lithium and cobalt creating opportunities for more viable battery metals such as Zinc
Slide 32: Zinc and Copper: Ingredients of the Clean Energy Transition
Zinc and Copper: Ingredients of the Clean Energy Transition For personal use only Global electric vehicle market penetration forecast to be as high as 50% by 2030 • India announced a target of 100% EV by 2030 under a self- financed scheme to rapidly address pollution issues • USA recently set 50% EV
Slide 33: Copper Market Outlook
Copper Market Outlook For personal use only 4.0 $12,500 Copper Inventories & Price Official Inventories (weeks of consumption) In April 2021, Goldman Sachs 3.0 $10,000 expected copper price to break all-time high, it did in May 2021 Copper Price (US$/t) 12-month forecast lifted to 2.0 $7,500 US$11
Slide 34: Zinc Market Outlook
Zinc Market Outlook For personal use only Consensus forecasts point to zinc price recovery Annual demand for zinc is forecast to increase from 13.9Mt in 2019 to 28.9Mt in 2050. Glencore, December 2020 Investor Update S&P Global Market Intelligence, August 2021: Teck settles Treatment Charges at $1
Slide 35: Contact Advisors
For personal use only Contact Advisors Dave O’Neill US Counsel: Fabian VanCott, Salt Lake City Managing Director Canadian Counsel: Bennett Jones, Toronto +61 457 598 993 doneill@aw1group.com Australian Counsel: Steinepreis Paganin, Perth Golders Associates Pty Ltd, Salt Technical Due Diligence: Lake
American West Metals — Investor Presentation (December 2021) on 6ix