American West Metals Ltd. · ASX:AW1
American West Metals — RIU Conference (May 2026)
26 slides from American West Metals's conference presentation, May 5, 2026
Slide 1: American West Metals - May 2026
For personal use only MAY 2026 Cu In Zn 29 49 30 Copper Indium 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 MULTI-ASSET NORTH AMERICAN COPPER AND For personal use only CRITICAL METAL PLATFORM West Desert, Utah – ‘All American’ Critical Metals Storm Copper, Canada – Near-term open-pit producer 4
Slide 5: 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 6: Company Snapshot
Company Snapshot Key Metrics For personal use only AW1 Share Price ASX Code : AW1 OTCQB: AWMLF 1,229.6m Shares on Issue1 Other Board / Management 57% 5% 0.049c Share Price2 Ocean Partners Cash on hand as at 31 March and 8% $14.80m inclusive of the $10m capital raise3 Citicorp Nominees 3% $55.40m Mar
Slide 7: West Desert Project
For personal use only SECTION 01 West Desert Project Drill core from WD26-01 from 505.87m downhole (see disclaimer Page 13)
Slide 8: Investment Highlights - West Desert
INVESTMENT HIGHLIGHTS Strategic and Critical Metal Asset – with demonstrated pathway to growth For personal use only Existing resources on private Largest undeveloped indium land deposit in the US Large skarn and carbonate New discovery has the potential to replacement deposit (CRD) within the make
Slide 9: Indium - Largest Known Undeveloped Indium 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 – +US850/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. We
Slide 10: US Critical Mineral Policy Tailwinds - Right Time, Right Place
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 11: Existing JORC Resources
EXISTING JORC RESOURCES High-Grade Critical Metal Resource 33.7Mt @ 20g/t In, 3.83% Zn, 0.15% Cu, 9.1g/t Ag, 0.1g/t Au For personal use only (Indicated and Inferred)1 Which includes: ⃗ 18.7Mt @ 13g/t In, 2.8% Zn, 0.12% Cu, 11g/t Ag, and 0.09g/t Au contained within open-pit ⃗ 15Mt @ 28.7g/t In, 5.2%
Slide 12: Exceptional Exploration Potential
EXCEPTIONAL EXPLORATION POTENTIAL Geophysics Defines Multiple Targets Less than 10% of the large porphyry/skarn mineral system explored For personal use only – geology is analogous to Bingham Canyon and Tintic West Desert “lookalikes” – multiple magnetic and gravity geophysical anomalies identified
Slide 13: First 2026 Drill Hole Discovers New Zone of Mineralisation
FIRST 2026 DRILL HOLE DISCOVERS NEW ZONE OF MINERALISATION Strong Visual Zinc and Copper Sulphide Intersected For personal use only Over 77m of visual zinc and copper skarn – mineralisation looks similar to the Main Zone of the West WEST DESERT DEPOSIT Desert Deposit 33.7Mt @ 20g/t In, 3.83% Zn, 0.1
Slide 14: Next Steps
C O P P E R . Next Steps G R O W T H . For personal use only • Exploration drilling program currently underway focused on testing high-priority targets – first drill hole discovers new zone of mineralisation • Addition of a second drill rig will expand exploration into new and untested areas • Sampl
Slide 15: Storm Copper Project
COPPER . GROWTH. For personal use only SECTION 02 Storm Copper Project
Slide 16: Investment Highlights - Storm Copper
INVESTMENT HIGHLIGHTS District-Scale Copper Opportunity – near- term open-pit producer with exploration For personal use only upside 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 wi
Slide 17: 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 PEA processing production plan Year round, simple process to produce two products includes ramp up from 850K
Slide 18: 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 19: Genuine and Rare District Scale Opportunity
Genuine and Rare District Scale Opportunity TORNADO / BLIZZARD Regional scale copper belt – long life For personal use only project Distance from Storm: ~10km Extensive geophysical and copper anomalies along the SE extension of the Storm Graben. Ground COPPER BELT geophysical surveys have highlighte
Slide 20: Appendix
COPPER . GROWTH. For personal use only SECTION 05 Appendix
Slide 21: 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 22: 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 23: 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 24: 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 25: Competent Persons Statement and 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 26: For personal use only
For personal use only ASX: AW1 | OTCQB: AWMLF | AMERICAN WEST METALS LIMITED | ACN 645 960 550