American West Metals locks in 80% of the Storm Project Canada • has completed expenditure requirement to proceed acquisition Project Nunavut Exploration by since 2021 produced game-changing results for potential copper endowment at and re-rated as a rare opportunity global significance Drilling programs have substantially expanded nearsurface high-grade footprint delivered breakthrough discovery deeper regional scale sediment-hosted system that similarities world-class belts Central Africa Botswana Outstanding intersections from West’s drilling include: o 41m @ 4.18% Cu 38m (Drill hole ST22-05) 57m 2.5% 8m ST22-02) 46m 2.2% 64m incl. 15.6m 4.2% 65m SM23-02) 67.1m 1.1% 54.9m SR23-03) The also hosts Seal Zinc-Silver Deposit (NI 43-101) which is look-alike nearby Polaris zinc mine was operated Teck Resources Limited more than 22 years Assays are pending 29 drill holes 2023 program – including those Thunder Lightning Ridge with due on regular basis over next 4-6 weeks (American or Company) (ASX: AW1 | OTCQB: AWMLF) pleased report it successfully required acquire Aston Bay Holdings Ltd (Aston Bay) (TSXV: BAY). Company entered into an Option Agreement dated 9 March whereby granted exclusive right option interest upon completion exploration CAD$10000000. Details set out Company’s Prospectus October 2021. www.americanwestmetals.com AW1) 2 That during exercised Storm. An unincorporated joint venture will be formed between two parties West 20% manager Joint Venture. Dave O’Neill Managing Director commented: “Building outstanding ongoing success Storm we now earn-in Project. “This been defining year significant expansion near-surface system. “Securing through efficient timely under agreement fantastic outcome our shareholders. “We look forward continuing partnership this exciting Project.” Figure 1: Location license area 3 STORM PROJECT AN EMERGING COPPER OPPORTUNITY WITH GLOBAL SIGNIFICANCE located historical Tier 1 mining district mines Zinc-Lead (22Mt 14.1% Zn 4% Pb) Nanisivik Zinc-Lead-Silver (18Mt 9% 0.7% Pb 35g/t Ag). approximately 15km coast access deepwater bay designated shipping route providing robust logistics. land package comprises 219257 hectares 80km strike prospective stratigraphy representing rare opportunity. Since commencement 2021 advanced systematic focused clear strategies: (1) define maiden resources expand high-grade mineralisation and: (2) explore depth within broader area. deployed broad range geophysics high-resolution Electromagnetics (EM) ground gravity magnetics surveys establish targets both resource drilling. Approximately 11290m reverse circulation (RC) diamond total 73 holes. proven very effective targeting tool mineralisation deposits highly Gravity EM anomalies similar drilled confirmed extend several kilometres tenure highlight vast size enormous potential. Under new Venture Bay plans increase ramp-up activities 2024. 2: Strong sulphide (chalcocite - dark grey) breccia fill veining ST23-02 358.2m downhole. This interpreted one five intersected same unit date. 4 EMERGING REGIONAL SCALE SYSTEM period sulphides below (Figure 2). built assumptions may sourced potentially much larger Five deep were 2022 seasons confirm model each designed test different geophysical structural 3). widely spaced 600m 2km apart. Significantly all (assays still holes). geology suggests deeper mineralised laterally extensive. 3: Plan view showing data interpretation near surface (yellow) major faults locations. shows geological many world’s systems Kalahari Copper Belt (Botswana) African (DRC Zambia). These typically metre thicknesses kilometre strikes ore zones. continue build date planned extended Tornado Blizzard areas 10km known discoveries follow-up capture higher resolution existing Further scope extent large 5 4: Map Tornado/Blizzard survey (2023 survey) (2015 survey) overlaying airborne (2017 Falcon Survey). NEAR-SURFACE MINERALISATION AND OPEN PIT MINING POTENTIAL near-surface defined 50 six main zones 5). initially 2750N 2200N 4100N Zones where had already discovered. excellent continuity these zones significantly include least Ridge. quality intervals such downhole 5m 24.28% 48m downhole (ST22-05) 64m (SM23-02). believes work highlights underpin low cost open pit Processing metallurgical shown amenable simple beneficiation techniques producing direct product grading 50% Cu. currently underway optimize processes determine definitive flow sheet. 6 2024 aim further particularly around Ridge along areas. 5: Prospect (including discoveries) drilling geology. TEMPEST COPPER- ZINC PROSPECT Tempest 40 south widespread gossans assays up 32% 250m Storm-style Proterozoic basement. Reconnaissance sampling field mapping season aimed expanding understanding 4km 6) sampling identifying numerous trend pending). nature style base metal not determined extensive 7 6: Photo looking north. brown-red rust-coloured indicative can traced strike. CEO Tom Ullrich seen photo scale. SEAL ZINC-SILVER DEPOSIT 25km west stratigraphic horizon deposits. contains inferred silver 1Mt 10.24% 46.5g/t Ag 103Kt Zn 1.5Moz 43-101 compliant foreign resource). exceptional highlighted 14.4m 10.58% 28.7g/t 51.8m 22.3m 23% 5.1g/t 101.5m. deposit remains depth. Isotopic analyses zinc-silver ores related forms part mineral Zinc geochemical discovered belt Deposit.