American West Metals Ltd. · ASX:AW1
American West Metals — Investor Presentation (November 2025)
31 slides from American West Metals's investor presentation, Nov 20, 2025
Slide 1: Corporate Presentation November 2025
For personal use only Corporate Presentation. NOVEMBER 2025 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 Diversified Critical Metals Portfolio For personal use only Near-Term Copper Production Potential Strategic Critical Minerals Exposure District-Scale Exploration Upside Tier-1 Mining Jurisdictions 4
Slide 5: West Desert Project
COPPER . GROWTH. For personal use only SECTION 01 West Desert Project Large US critical metals deposit in 100% owned district
Slide 6: West Desert: Strategic and Critical Metal Asset
Largest undeveloped 100% Outstanding Strategic and Critical Metal Asset Indium resource in US ownership infrastructure Fully permitted for open 160km from Salt Strategically important pit and exploration shaft Lake City with Large existing resource on private land source of Indium construction power
Slide 7: West Desert: Right Time, Right Place
RECENT EXECUTIVE ORDERS TO INCREASE U.S. MINERAL PRODUCTION AND SECURE STRATEGIC MINERALS West Desert: 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) (20 March 20
Slide 8: Indium
Indium For personal use only The largest known undeveloped indium resource in the US Indium is classified as a strategic and critical metal in the US The US is a 100% importer of indium, with most supply from China Indium is widely used in electronics, semiconductors and other high-tech industries –
Slide 9: Gallium
Gallium Widespread gallium confirmed at West Desert; dedicated For personal use only program underway China produces ~98% of primary gallium; US has no domestic primary output West Desert geology (CRD setting) is comparable to the Apex Gallium Mine, the US’s only primary gallium mine (closed 1937) –
Slide 10: Growth Potential – Large Porphyry/Skarn System with Untested Targets
GROWTH POTENTIAL – LARGE PORPHYRY/SKARN SYSTEM WITH UNTESTED TARGETS Gallium, Copper, Gold and Molybdenum Discovered For personal use only Less than 10% of the large mineral system explored – geology is analogous to Bingham Canyon and Tintic New high-grade mineralised skarns discovered – West, East
Slide 11: Storm Copper Project
COPPER . GROWTH. For personal use only SECTION 02 Storm Copper Project
Slide 12: Investment Highlights: Low-Capital, District Scale Copper Development
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 13: 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 14: 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 15: Simple, Efficient and ESG-Friendly Processing
Simple, Efficient and ESG-Friendly Processing Ore-sorting and beneficiation provides very low capital, very low risk processing For personal use only solution with outstanding ESG credentials Initial 10 year processing Year round, simple process to production plan produce two products includes ramp
Slide 16: Watch the flowsheet in action
Watch the flowsheet in action: https://youtu.be/R3BODBxr_oM For personal use only METALS FOR THE CLEAN ENERGY FUTURE 16
Slide 17: 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 18: 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 19: 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 20: 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 21: Corporate Overview
COPPER . GROWTH. For personal use only SECTION 04 Corporate Overview
Slide 22: 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 23: Company Snapshot
Company Snapshot Key Metrics For personal use only AW1 Share Price ASX Code : AW1 OTCQB: AWMLF 0.09 998.2m Shares on Issue 0.08 5.4c Share Price1 Board / Management 0.07 Other 57% 6% 0.06 $3.3m Cash on hand as at 30 Sep 2025 Ocean Partners 0.05 8% $7.0m Raised in Oct 2025 Other Top 20 0.04 14% HSBC
Slide 24: Appendix
COPPER . GROWTH. For personal use only SECTION 05 Appendix
Slide 25: 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 25
Slide 26: 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 27: 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 28: 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 29: 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 30: 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 31: For personal use only
For personal use only ASX: AW1 | OTCQB: AWMLF | AMERICAN WEST METALS LIMITED | ACN 645 960 550
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