American West Metals (AW1) Q1 2027 TU earnings summary

Executive summary

• Storm PFS work streams and maiden Ore Reserve estimation finalized; study results expected in the coming weeks.

• West Desert drilling expanded copper, zinc and molybdenum mineralization across the project area; laboratory assays remain pending for key visual intersections.

Financial highlights

• Cash and cash equivalents were A$5.453m at 30 September 2026, versus A$8.906m at the quarter’s start.

• Operating cash outflow was A$3.449m; investing cash outflow was A$4k for the quarter.

• Cash receipts included A$26k interest and A$51k government grants and tax incentives.

Outlook and guidance

• Storm PFS is expected to be published in the coming weeks; the study incorporates refined project inputs and an optimized maiden Ore Reserve.

• West Desert WD26-06 and WD26-07 assays were expected within 1–2 weeks; WD26-08 assays were expected in 4–6 weeks, subject to lab turnaround.

• Management expects operating cash outflows to fall as planned exploration and operating activities are completed; no additional capital raise was planned.