Quarterly Activities Report for the Period Ended December 2021

American West Metals Limited (ASX:AW1) (“American West” or “The Company”) is pleased to report on its quarterly activities for the period ending 31 December 2021. During the quarter, the Company’s focus was ramping up exploration activities at the West Desert and Storm/Seal Projects following a successful IPO.

Dave O’Neill, Managing Director of American West Metals commented:

“We are extremely proud of what American West achieved over the last quarter. In addition to listing on the ASX with a strongly supported IPO, a significant amount of effort has been applied to exploration activities at both our flagship West Desert and also the Storm/Seal Projects. We look forward to sharing further results with our shareholders and what’s next for American West.”

Corporate

• American West Metals Limited (ASX: AW1) officially commenced trading on the Australian Securities Exchange on 13 December 2021 following a successful Initial Public Offer (IPO) that raised $12 million
• AW1 is focused on the discovery and development of four high-grade copper and zinc projects in Tier 1 jurisdictions in North America
• Experienced management team led by Dave O’Neill (Managing Director), John Prineas (Non-Executive Chairman) and Michael Anderson (Non-Executive Director), backed by an in-country team with significant exploration and development expertise
• Central to the AW1’s strategy is conducting low footprint operations that are sustainable and support the clean energy transition

• Financial completion for the 100% acquisition of the West Desert Project, which hosts more than 59Mt of Indicated and Inferred Resources with a higher-grade core of 16.5Mt @ 6.3% Zn, 0.3% Cu, 33g/t In for 1.03Mt Zn, 45Kt Cu and 545t Indium (Ni43-101, historical and foreign)
• Strategic land acquisition completed with a further 148 claims staked, significantly expanding the West Desert Project footprint
• Ground gravity survey completed over deposit and brownfield areas
• Scoping level activities commenced on mining scenarios for West Desert
• Diamond drilling program now underway

Storm and Seal Projects, Nunavut

• Ground Electromagnetic (EM) surveys were completed at the Storm and Seal Projects
• Outstanding growth potential confirmed at Storm Copper Project
• Seven new and untested high-priority shallow EM conductors identified
• In addition, seven large, new and untested deeper EM conductors also identified
• First ever ground EM survey completed over the high-grade Seal zinc-silver Deposit

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