Great Western Mining (GWMO) Investor update summary

Strategic Focus and Asset Portfolio

• Prioritizing tungsten exploration in Nevada due to favorable market conditions and geological continuity with existing copper assets.

• Multi-metal portfolio includes copper, gold, silver, and tungsten, with projects clustered in Mineral County and aligned with US critical minerals priorities.

• Ongoing work on gold and silver prospects, including tailings recovery and potential near-term revenue streams.

• Strategic partnerships and joint ventures are being developed for certain assets, especially copper, while farm-out opportunities are being assessed.

• Team strengthened by new CEO with strong geological and exploration background.

Project Development and Operational Updates

• Accelerated exploration aims to define a maiden Mineral Resource Estimate for tungsten by Q4 2026, with groundwork and drilling set for the coming months.

• Surface mapping, geophysical surveys, and trenching to precede drilling, with detailed mapping of a 3 km mineralised trend between Defender and M2 resource.

• Additional assay results from new channel cuts are expected in Q2 2026 to inform the exploration model.

• Mill for tailings recovery is built and permitted but not yet commissioned; joint venture and external funding are being pursued for completion.

• Exploration and development activities are fully funded through recent capital raises.

Market and Strategic Positioning

• Tungsten prices have surged, driven by defense, aerospace, and technology demand.

• Nevada remains a top-tier mining jurisdiction with strong infrastructure and regulatory environment.

• U.S. government support for domestic mineral production aligns with asset strategy.

• Clean scheelite mineralization offers processing advantages over regional peers.

• Potential for toll processing and ore sorting technologies being evaluated for tungsten ore.