AW1 – American West Metals

American West Metals Limited (AW1) is a mining company that has secured an interest in three base metal projects, focused on copper and zinc, in North America

The Company currently has an interest in the following three projects:

a. West Desert Project: which is located in Utah, USA – a state with a rich mining history and home to North America’s largest copper mine, Rio Tinto’s (ASX: RIO) Bingham Canyon. The West Desert Project comprises a large porphyry related, zinc-copper-indium skarn/carbonate replacement deposit (West Desert Deposit) plus underexplored tenure that has potential for further mineral resources to be discovered. A historical resource under Canadian NI-43-101 standards has been established at the West Desert Deposit. American West will undertake work to define a 2012 JORC resource as well as carrying out regional exploration to search for more discoveries. At this stage there has been insufficient work to confirm a JORC Code resource and there is no certainty that such a mineral resource will be established.

b. Storm Copper Project and Seal Zinc Project: in Nunavut, Canada. Thick intervals of high-grade copper and zinc mineralisation have been intersected from surface. The discoveries lie within a mineralised trend that has a strike of 120km with less than 10km explored. American West will undertake drilling and exploration programs to support the definition of a JORC Code resource for each of the copper and zinc deposits as well targeting the discovery of further deposits. At this stage there has been insufficient work to confirm a 2012 JORC resource and there is no certainty that such a mineral resource will be established.

c. Copper Warrior Project: in Utah, USA – located within the Paradox Basin that is known for its world-class endowment of copper. Large volumes of outcropping copper are present across the project tenure, which is located a short 20km from the operating Lisbon Valley copper mine (privately held). American West will undertake drilling and exploration programs to determine the full extent of the mineralisation at the Project.

It is anticipated that AW1 will list on the ASX during December 2021.