Jun 4, 2024

American West - "This is a unicorn"

American West Metals (ASX AW1) has the team, the money and the right project to develop a world-class, ESG-compliant copper deposit on Somerset Island in Nunavut near the Arctic Circle. In a recent presentation at the CDFund Discovery Day 2024, Dave O'Neill, MD, explained the highlights of the discovery and why the Storm project is so different from 99% of all other copper projects. It seems that American West has decoded the DNA of the Storm project: the project combines a simple flat-lying geometry of copper-bearing limestone strata with high metal grades for open pit mining and the potential for environmentally friendly extraction of copper concentrate for direct shipping (DSO potential) without the use of chemicals.

00:05 Why is the copper ore from Storm suitable for direct shipping? 01:50 Balance 2023: 200,000 tonnes of copper drilled in eight weeks. What’s next for 2024? 02:17 What about the ESG factors in the Storm project? 04:05 Why is the Canadian Archipelago considered a Tier 1 mining jurisdiction? 04:15 What does the drill core look like and what makes it special? 04:32 Why is the Cyclone discovery suitable for simple open-pit mining? 05:15 Storm covers only 5% of the entire license area. What about the remaining 95%? 06:45 This is why a zinc discovery could be added to the copper. 08:11 Why is Storm different from other copper projects?