American West Metals (AW1) Corporate Presentation summary

Investment highlights and project overview

• District-scale copper development opportunity in Nunavut, Canada, with 100% control over 2,200 sq km and copper exposed along a 110 km belt.

• Initial PEA outlines a low-capital, high-grade, low-cost open-pit copper operation with US$47.4m CAPEX and strong ESG credentials.

• Strategic alliances and funding agreements provide up to US$40m in project finance and secure offtake for copper and silver products.

• Market cap versus intrinsic NPV demonstrates significant upside, with a post-tax NPV of US$149m and IRR of 46%.

• Only 5% of the district has been explored, offering substantial exploration and resource growth potential.

Storm Copper Project details

• Multiple shallow, high-quality, sediment-hosted copper deposits underpin a six-year mining schedule and ten-year processing plan.

• Initial production target: 10.3Mt @ 1.3% Cu, 3.8g/t Ag, delivering 487,000t copper-silver product at 17.1% Cu, 49g/t Ag.

• Steady-state annual production targeted at 14,000t copper, with AISC of US$2.99/lb and C1 cost of US$2.63/lb.

• Simple ore-sorting and beneficiation process with no tailings or chemicals, supporting rapid, ESG-friendly development.

• Resource extension and exploration planned to expand beyond the initial mine schedule.

Exploration and growth potential

• Large-scale copper targets identified along the Midway-Storm-Tornado corridor, with new high-grade drill hits not yet included in the MRE.

• Multiple stacked mineralised horizons discovered, with deep drilling confirming copper mineralisation at depth and 100% success rate.

• Only 5% of the copper belt has been drill tested, indicating significant upside for further discoveries.

• High-priority geophysical and geochemical anomalies remain untested, supporting long-term district-scale growth.