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American West Metals Limited (ASX:AW1)

ALERT: Price-sensitive ASX Announcement for AW1
Current share price for AW1 : $0.032 -0.037 (-53.62%)+
Announcement
Release
21 Jan 2026 8:25AM
Price at Release
$0.069
Full Release
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Summary
American West Metals Limited has announced a significant growth in the JORC Code 2012 compliant Indicated and Inferred Mineral Resource Estimate (MRE) for its 80% owned Storm Copper Project on Somerset Island, Nunavut, Canada. The updated MRE highlights the potential of the project to become a profitable and long-life copper mining operation. The project includes seven high-grade copper-silver deposits, with exploration indicating significant potential for further resource expansion. The company is advancing a Pre-Feasibility Study building on a Preliminary Economic Analysis that outlined strong economic prospects for low initial capital costs. The mineralisation is largely chalcocite dominant within fresh sulphide and remains open in most directions, suggesting further exploration will be beneficial.
Key Points
  • Significant growth in JORC Code 2012 compliant Indicated and Inferred Mineral Resource Estimate for Storm Copper Project.
  • Updated MRE suggests strong potential for a profitable, long-life copper mining project.
  • Project includes seven high-grade copper-silver deposits.
  • Preliminary Economic Analysis indicates low initial capital costs and strong economic returns.
  • Mineralisation is chalcocite dominant and remains open in most directions.
  • Project located on Somerset Island, Nunavut, Canada.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.