Azimut Exploration, Inc. · TSXV:AZM
Azimut Exploration — Beaver Creek Precious Metals Summit 2025
24 slides from Azimut Exploration's conference presentation, September 2025
Slide 1: A Leading Multicommodity Explorer in Quebec
A AZIMUT © tsxv: 2m EXPLORATION OTCQX: AZIMTF A Leading Multicommodity Explorer in Quebec Value Creation Through Discoveries Beaver Creek Precious Metals Summit September 2025
Slide 2: Forward-looking Statements
Forward-looking Statements Except for the statements of historical fact contained herein, the information presented in this presentation constitutes “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information”
Slide 3: What Sets Us Apart?
Azimut Exploration Inc. TSXV: AZM / OTCQX: AZMTF WHAT SETS US APART? 4 Project Generator with Hybrid Exploration Strategy 4 Optionality on large mineral exploration portfolio in Quebec 4 Generative capacity using predictive modelling 4 Advanced Multicommodity Project Portfolio with Drilling Catalyst
Slide 4: Portfolio Highlights
Portfolio Highlights tet to | 2B fe} 14,833 A UNIQUE POSITION WITH \—rakonas si OUTSTANDING POTENTIAL Nickel - Copper - PGE ( pp ) © Gold . . El Id) | 4 Regional focus in Quebec ss Suuoveroigpant Shick, . Inf.- 513,900 ozat1.94 g/t Au ,=f* 4 Sole funded gold projects 5 ae seit 4 Critical mineral exp
Slide 5: Corporate Highlights
Corporate Highlights A SOLID FOUNDATION . Exploration Capital Structure Share Ownership Partners 19% ioTi KGHM Cash CS15M Quebec-based Ss RioTinto o) Pousea mIgOz Institutions 25% Shares 101M 9 Institutional / Outstanding F/D: 107M 5% LNW SOMUEM oO = R Share Pr CS0.80 1% are Price 52-week H/L: C$0.8
Slide 6: Gold
Gold WABAMISK Au-Sb ELMER Au-Cu A AZIMUT EXPLORATION
Slide 7: Sole-Funded Gold Projects: Elmer & Wabamisk
Elmer & 4 on Wabamisk } < Project SOLE-FUNDED 5 GOLD PROJECTS E Pilipas Gold focus exploration with exposure to antimony and copper Munischiwan AZM-SOQUEM JV) ELMER 4 Significant exploration upside Gold - Copper Located proximal to Eleonore Mine éisimn¢ = Close proximity to excellent infrastructure
Slide 8: Wabamisk Au and Sb-Au Targets
Au Target Sb-Au Target Rio Tinto Option – Lithium focus
Slide 9: New significant gold-bearing zone
New significant gold-bearing zone Multiple high-grade results over 300 m with impressive occurrences of visible gold 29 samples > 1.0 g/t Au, incl. 14 samples > 5.0 g/t Au up to 42.0 g/t Au Minimum 700 m strike length Fast tracked for drilling in the fall Additional sampling (completed) Soil (comple
Slide 10: Rosa Zone 2025 Prospecting Results
42 git Au (G) 26.1 git Au (G) 21.3 git Au (G) 18.95 git Au (6) 10.25 git Au (6) 1.57 git Au (G) 1.53 git Au (G) 5,770,950 — 3.86 git Au/ 3 m incl. 9.99 git Au/ 4m (C) 18.95 git Au (G) 1.81 git Au/ 4m (C) 14.2 git Au/ 4m (C) I 19.75 git Au (G) 2.5 git Au(G) ~~ |2.91 git Au (G) 450,200 458,700 Aen git
Slide 11: Fortin Zone antimony-gold drill results
4.1% sb, 0.38 gt Au/81.5m incl. 3.43% Sb, 2.37 git Au/ 6.50 m m (0.11% Sb /29.26 m (0) pe Sah Sh alate {4.19 gt au! 1.05m (0) fi 1.01% Sb / 17.85 m /-19:36% Sb /21.5 m (D) zag se aiguaarrase.0| | rk 4 / 0.52% Sb/ 17.55 m (D) | Hol 644% Si O67 GYA/ 24581001 // /, {0.47% Sb, 0.7 git Au! 19.0 m(D) {0.6
Slide 12: Antimony price and global production
Global Mine Production Uses in United States Other 2024 Nonmetal Products 2024 10% Ceramics & Glass 21% Metal Products Russia 40% China 13% 60% 100,000 24,000 t/y t/y Tajikistan Flame Retardant 17% 39% USGS data $70,000 100% $60,000 Europe Price (99.65% Min) 80% for August 2025: $50,000 $40,000 60%
Slide 13: Elmer: Wolf North, Patwon and Wolf results
A-21 WOLF NORTH 0.5 g/t Au, 45.0 g/t Ag / 30 m (D) 5.09 g/t Au, 172 g/t Ag, 7.53 % Cu (G) 0.36 g/t Au / 31.0 m (D) 4.65 g/t Au, 160 g/t Ag, 7% Cu (G) PATWON 2.7 g/t Au, 5.0% Zn / 1 m (D) 2.38 g/t Au, 91.4 g/t Ag, 4.71 % Cu (G) WEST 0.8 g/t Au / 11 m (D) 2.3 g/t Au, 8.24 g/t Ag, 1.3 % Zn (G) 12.65 g/
Slide 14: Figure as of November 21, 2023
Figure as of November 21, 2023
Slide 15: Kukamas Ni-PGE / JBN Ni-Cu-PGE
KUKAMAS Ni-PGE JBN Ni-Cu-PGE AZIMUT EXPLORATION
Slide 16: A Unique Nickel Portfolio
A Unique Nickel = Portfolio STRATEGIC, LARGE-SCALE PORTFOLIO 4 Km-scale mafic to ultramafic intrusions represent underexplored target type in the James Bay Region 4 Significant exploration successes at Kukamas with the Perseus high- grade nickel-PGE discovery (Kambalda type system) 4 Significant JBN
Slide 17: Perseus Zone / Halley Showing
PERSEUS ZONE 2.98% Ni, 0.32% Cu, 2.25 g/t PGE / 8.0 m incl. 3.74% Ni, 0.41% Cu, 2.82 g/t PGE / 6.0 m (C) 1.10% Ni, 0.15% Cu, 1.02 g/t PGE / 9.0 m incl. 1.42% Ni, 0.19% Cu, 1.36 g/t PGE / 6.0 m (C) 8.42% Ni, 0.55% Cu, 7.25 g/t PGE / 1.9 m (D) 6.06% Ni, 0.38% Cu, 3.34 g/t PGE / 2.6 m (D) 0.81% Ni, 0.0
Slide 18: Kukamas
KUKAMAS Hole KUK24-007 6.06% Ni, 0.38% Cu, 3.34 g/t PGE, 0.20 g/t Au over 2.6 m (from 32.4 m to 35 m) including 19.6% Ni, 0.81% Cu, 9.43 g/t PGE, 0.58 g/t Au, 9.43 g/t Te over 0.75 m Best results to date: Two horizons open in all directions 8.42% Ni, 0.55% Cu, 7.25 g/t PGE over 1.9 m Fertile system:
Slide 19: Kukamas komatiitic flow sequences mapped over 3 km strike
KUKAMAS 7 distinct and extensive komatiitic flow sequences mapped over 3 km strike Thick central effusive zone (Perseus) with thinner flow to the north (Perseus North) Strong heliborne electromagnetic anomalies (VTEM™ Plus, VLF) well correlated with komatiitic flows along the 1.6-km-long trend Stron
Slide 20: Lithium Portfolio
Lithium Portfolio AZIMUT EXPLORATION “\ e.
Slide 21: James Bay Region: World-Class Emerging Lithium Province
James Bay Region: World-Class Emerging Lithium Province ‘ohisasi SIGNIFICANT EXPOSURE IN THE REGION 4 Multiple projects identified as highly prospective for lithium, including Wabamisk East 4 Two 50/50 JVs with SOQUEM in the immediate proximity of discoveries by Patriot Battery Metals and Winsome Re
Slide 22: Lithos: Extensive Lithium Targets
rmuciasime .S — |asrgrase) 3.43% LO (6) 1.75% Li 19.83. (C),- 20 ot Au (G URES | ueusignee BA 28% Li,O 1.06 mC) sf 3: 2.4% LO 1.4m (C) 4.94% LO 3 m(C) 4.69% LO /3 m (©) 41.51% Lino J 4.08 m(C) 6.16% Li.0 (6) 3.98% Li:0 (6) 3.44% LhO (G) LITHOS: EXTENSIVE LITHIUM TARGETS wee 1.89% Li017.6 m (C) {1.67
Slide 23: Exploration Catalysts for 2025
Exploration Catalysts for 2025 MINIMUM $14M BUDGET, INCL. $8M FUNDED BY PARTNERS WABAMISK Fortin Zone — Antimony-Gold » 10,000 m drill program » MAG survey, metallurgy test Rosa Zone — Gold » \|P survey, mechanical stripping » Fall drill program planned ELMER Patwon Zone - Gold » Internal scoping st
Slide 24: azimut-exploration.com
ᓇᑯᕐᒦᒃ ᑭᓇᓈᐢᑯᒥᑎᐣ TSXV: AZM OTCQX: AZMTF azimut-exploration.com
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