You are hard to please, LOL.Looks like AW1 is digging up more...

You are hard to please, LOL.

Looks like AW1 is digging up more than just copper — exploring funding options that don’t involve raiding the equity markets. Maybe Taurus is ready to saddle up and ride a bigger royalty deal into the mine development sunset?

Here are the Top 10 comments/highlights from the extract about American West Metals at PDAC 2025 and their Storm Copper Project:

1. Milestone Achievement: PEA Released

American West Metals has released its Preliminary Economic Assessment (PEA) for the Storm Copper Project — a major milestone accomplished within two years from initial exploration.

2. Low Capital, High ESG Credentials

The project boasts very low capital expenditure with no tailings, no reagents, and high ESG (Environmental, Social, Governance) credentials — making it attractive for investors and environmentally responsible.

3. 10-Year Mine Life with High Margins

Initial mine life is projected at 10 years, and the simple metallurgy and ore sorting techniques ensure high margins, which is rare for junior explorers.

4. Rapid Progress: 20 Weeks of Work

The shift from exploration concept to PEA in only 20 weeks of active work shows the speed and efficiency of project development.

5. Growth Potential: 110 km Long Belt

Storm sits within a 110 km long copper system, entirely controlled by American West and its JV partner — presenting massive expansion potential.

6. Self-Funded Exploration Pathway

The strategy is to start production within 2–3 years, and self-fund future exploration from initial cash flow — minimizing reliance on dilutive capital raises.

7. Efficient Logistics Lowering Costs

A sea lift operation in the previous year has set up infrastructure — reducing aviation reliance and cutting exploration costs significantly in 2025.

8. Resource Growth: 200kt to 230kt Copper

Through in-fill drilling, copper resources grew from 200,000 to 230,000 tonnes last season — with further exploration at Tornado and Blizzard planned to accelerate growth.

9. Funding from Royalties, Not Just Raises

Potential funding from Taurus Royalty ($4.2 million AUD) and non-traditional funding sources are being explored, reducing dependency on equity capital markets. Could this be the surprise announcement in coming months as the development gathers pace?

10. Focus on Permitting and Expansion

The PEA sets the groundwork for permit documentation and further de-risking — with management actively working to advance milestones and unlock the region’s full copper potential.