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American West Metals Limited (ASX:AW1)

ALERT: Price-sensitive ASX Announcement for AW1
Current share price for AW1 : $0.033 -0.013 (-28.26%)+
Announcement
Release
16 Feb 2026 10:25AM
Price at Release
$0.046
Full Release
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Summary
American West Metals Limited announced the commencement of a major drilling program at the West Desert Project in Utah, aimed at expanding the existing Mineral Resource Estimate (MRE) and testing strategic areas that remain underexplored. The program includes diamond drilling to explore high-priority targets, such as high-grade indium, gallium, copper, silver, and gold deposits. This effort is part of the company's strategy to increase resource growth and support the United States' domestic supply chains for critical metals, as highlighted by the US government's emphasis on reducing dependency on external raw material sources.
Key Points
  • Major drilling program to commence at West Desert.
  • Diamond drilling to target high-grade indium, gallium, and copper.
  • Drilling aims to expand existing Mineral Resource Estimate.
  • Program supports US domestic supply chain for critical metals.
  • Sampling of historical mine dumps for potential critical metal recovery.
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.