Latest news with #AmericanWestMetals'
West Australian
5 days ago
- Business
- West Australian
American West nails high-grade near-surface Canadian copper
Compelling results from American West Metals' 2025 drilling program have reinforced the potential of its Storm project on Somerset Island, Canada, as a major copper system. The campaign, combining reverse circulation (RC) and deep diamond drilling, has delivered thick, near-surface, high-grade copper intercepts and paints a picture of widespread mineralisation at depth. The company's second deep diamond hole was drilled to 692 metres, targeting an electromagnetic (EM) geophysical target in its Cirrus Deeps prospect and stratigraphy within the Central Graben area. The hole intersected about 57m of visible copper sulphide mineralisation across two zones – from 183m to 215m and from 298.5m to 327m downhole - within the Allen Bay Formation. The formation is a known host for copper at Storm. The upper zone features crackle and matrix breccias with copper sulphide infills, while the lower zone contains malachite - a copper carbonate hydroxide - and copper along fracture surfaces. The occurrences suggest a complex fault network akin to the mineralised North Graben fault at the Cyclone deposit, 2.5 kilometres east-northeast. American West expects to receive assay results for the second diamond drill hole within four to six weeks. Additionally, a deep pyrite horizon near the South Graben fault and organic-rich shales in the Bay Fiord Formation indicate a new copper and base metal target horizon. Meanwhile, RC drilling at the company's Corona, Thunder and Lightning Ridge deposits and The Gap prospect has confirmed thick, near-surface copper intersections, further enhancing resource upgrade and expansion potential. Key analytical results from the first 10 RC holes include 12.2m at 1.9 per cent copper and 77 grams per tonne (g/t) silver from 19.8m, including 4.6m at 3.2 per cent copper and 129g/t silver from one hole at Corona. A second hole at Corona yielded 7.6m at 1.7 per cent copper and 3.2g/t silver from 25.9m. A third hole, at The Gap, delivered 7.6m at 1.1 per cent copper and 2.2g/t silver from 73.2m. American West is awaiting assays from the deeper part of the hole. Drilling at The Gap highlights its potential for maiden resource definition. American West Metals managing director Dave O'Neill said: ' Assay results for the first batch of RC drill holes have confirmed thick intervals of near-surface, high-grade copper sulphide as we look to upgrade the resource classification in the initial open pits. These results have exceeded expectations and confirm the excellent continuity of the high-grade copper zones at the Corona and Thunder deposits.' O'Neill said initial resource drilling at The Gap had extended the envelope of the known copper mineralisation, confirmed the geometry of the high-grade copper zones and showed there was significant potential to convert some of the 2024 discoveries into resources. The results, which grade better than the current resource estimate, confirm the continuity and quality of mineralisation within the resource envelope and support potential open-pit expansion. The Storm copper project reflects the typical geological setting of sedimentary copper systems, with mineralisation hosted in brecciated dolo-mudstones and fault zones. The program's nine diamond drill holes for a total of 2295m, and the accompanying RC results underscore the project's scale and prospectivity. The identification of organic-rich shales and dolostones in the Bay Fiord Formation as a trap for mineralised fluids also enhances the project's potential for additional discoveries. American West is advancing its resource estimation and upgrade studies, with the latest results providing confidence in the project's ability to evolve into a globally significant copper asset. The combination of near-surface, high-grade zones and deeper, widespread mineralisation positions Storm as a cornerstone of the company's portfolio. With high-grade copper hits and a growing mineralised footprint, American West is unlocking the vast potential of its Storm copper project, paving the way for significant resource growth and exciting future discoveries in Canada's Arctic region. Is your ASX-listed company doing something interesting? Contact:
Yahoo
05-05-2025
- Business
- Yahoo
When Will American West Metals Limited (ASX:AW1) Turn A Profit?
With the business potentially at an important milestone, we thought we'd take a closer look at American West Metals Limited's () future prospects. American West Metals Limited, together with its subsidiaries, engages in the acquisition, exploration, and development of mineral projects in the United States and Canada. The AU$30m market-cap company posted a loss in its most recent financial year of AU$17m and a latest trailing-twelve-month loss of AU$25m leading to an even wider gap between loss and breakeven. Many investors are wondering about the rate at which American West Metals will turn a profit, with the big question being 'when will the company breakeven?' Below we will provide a high-level summary of the industry analysts' expectations for the company. American West Metals is bordering on breakeven, according to some Australian Metals and Mining analysts. They expect the company to post a final loss in 2026, before turning a profit of AU$25m in 2027. Therefore, the company is expected to breakeven roughly 2 years from today. How fast will the company have to grow each year in order to reach the breakeven point by 2027? Working backwards from analyst estimates, it turns out that they expect the company to grow 86% year-on-year, on average, which is extremely buoyant. Should the business grow at a slower rate, it will become profitable at a later date than expected. Underlying developments driving American West Metals' growth isn't the focus of this broad overview, though, take into account that typically metals and mining companies, depending on the stage of operation and metals mined, have irregular periods of cash flow. This means that a high growth rate is not unusual, especially if the company is currently in an investment period. View our latest analysis for American West Metals Before we wrap up, there's one issue worth mentioning. American West Metals currently has negative equity on its balance sheet. Accounting methods used to deal with losses accumulated over time can cause this to occur. This is because liabilities are carried forward into the future until it cancels. These losses tend to occur only on paper, however, in other cases it can be forewarning. There are key fundamentals of American West Metals which are not covered in this article, but we must stress again that this is merely a basic overview. For a more comprehensive look at American West Metals, take a look at American West Metals' company page on Simply Wall St. We've also compiled a list of key factors you should further examine: Historical Track Record: What has American West Metals' performance been like over the past? Go into more detail in the past track record analysis and take a look at the free visual representations of our analysis for more clarity. Management Team: An experienced management team on the helm increases our confidence in the business – take a look at who sits on American West Metals' board and the CEO's background. Other High-Performing Stocks: Are there other stocks that provide better prospects with proven track records? Explore our free list of these great stocks here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
