American West Metals (ASX:AW1) Earnings Call Presentation

Storm Copper Project Highlights - PEA defines initial CAPEX of US$47.4 million with open-pit resources and simple ore-sorting and beneficiation process[25] - Strategic alliances secured with Ocean Partners and Taurus Royalty Fund[25] - The company has 100% control over 2,200 sqkm land holding with copper exposed in numerous locations along the 110km strike of the belt[25] - PEA highlights a low cost start-up, rapid payback, and strong cash flow operation with initial capital of US$47.4 million[27] - Post-tax NPV is approximately US$149 million and post-tax IRR is approximately 46%[29] - Revenue is approximately US$839 million and post-tax cash flow is approximately US$191 million[29] - The initial production target includes 10.3Mt @ 1.3% Cu, 3.8g/t Ag to deliver 487,000t copper-silver product at 17.1% Cu, 49g/t Ag[34] - The initial 10 year processing production plan includes ramp up from 850Kt to 1.25Mtpa during year 3[35] West Desert Project Highlights - The project has 33.7Mt @ 3.83% Zn, 0.15% Cu, 9.1g/t Ag, 20g/t In, 0.1g/t Au (Indicated and Inferred)[62] - The project contains 18.7Mt @ 2.8% Zn, 0.12% Cu, 11g/t Ag, 13g/t In and 0.09g/t Au contained within open-pit and 15Mt @ 5.2% Zn, 0.18% Cu, 7g/t Ag, 28.7g/t In and 0.12g/t Au contained within underground mine plan[66]