Azimut Exploration, Inc. · TSXV:AZM
Azimut Exploration — Investor Presentation (August 2022)
25 slides from Azimut Exploration's investor presentation, August 2022
Slide 1: Advancing a Major Gold Discovery
Advancing a Major Gold Discovery August 2022 TSXV: AZM OTCQX: AZMTF 1
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: A Leading Explorer in Quebec
A Leading Explorer in Quebec What sets us apart? Elmer Discovery Flagship Gold Project 100% owned Quality Exploration Portfolio A Z t e c h M i n e TM Largest claim holder in Quebec for Predictive modelling Gold, Copper, Nickel that works 3
Slide 4: Corporate Highlights
Corporate Highlights The Right Ingredients for Success Capital Structure Share Ownership Analyst Coverage Founded in 1986 Working Capital: C$19.1M 5% Insiders Paradigm Laurentian Shares Outstanding: 82.1M Quebec-based 2022 F/D: 87.7M 28% Institutions PearTree Funds, Corporate, Market Cap: C$75M 38%
Slide 5: Quality Portfolio
Quality Portfolio A Leading Position in a Stable Jurisdiction • 30 properties for 6,633 km2 Rex (Copper) Azimut-SOQUEM Nunavik Strategic Alliance Rex-Duquet (Cu, Au, Ag, REE) Rex South (Cu, Au, Ag, W, REE) • Strategic commodity exposure Nantais (Au, Ag, Cu, Zn) • Gold Rex South (Copper) • Copper JB
Slide 6: Elmer Gold Discovery
ELMER GOLD DISCOVERY Patwon Discovery Outcrop
Slide 7: Elmer Gold Project
Elmer Gold Project Positioned to be a Major Gold Asset in Quebec • Drilling discovery in 2019. Aggressively advanced since then. • Located 100 km west of the Eleonore Gold Mine (Newmont), James Bay Region • Close proximity to excellent infrastructure • Paved highways • Powerlines • Airports • Suppor
Slide 8: Large scale project: 35 km of highly prospective greenstone belt
100% Azimut • Large scale project: 35 km of highly prospective greenstone belt • Work to date has been focused on Patwon discovery • 8 km x 3 km priority exploration corridor defined for 5,000m drilling program Priority Exploration Corridor 8-km-long x 3-km-wide 8
Slide 9: Excellent Results to Date
Excellent Results to Date Best Intersections over a 600 m Strike and 800 m Down Dip True Thickness| Depth 24.04 g/t Au over 18.0 m 17.1 m | - 240 m 3.15 g/t Au over 102.5 m 62.6 m | - 30 m 2.84 g/t Au over 108.2 m 63.7 m | - 50 m 3.01 g/t Au over 90.2 m 82.7 m | - 170 m 6.43 g/t Au over 40.6 m 38.2
Slide 10: 2022 Exploration Objectives
2022 Exploration Objectives Clearly Defined Goals from >30,000 m of Diamond Drilling PATWON GOLD ZONE: Delineation of a maiden NI 43-101 compliant gold resource → Crystallizing the value of the Patwon Gold Zone CAMP-SCALE EXPLORATION: Testing and defining additional mineralized zones on the Elmer pr
Slide 11: An Orebody in the Making
An Orebody in the Making Following Predictable and Strong Gold Mineralization • Significant progress since initial discovery in 2020 • ~46,000 m drilled in 112 holes • Known mineralization consistently expanding with drilling 11
Slide 12: Wide zones of gold mineralization with a continuous core zone
• Wide zones of gold mineralization with a continuous core zone (>50 GT factor) • Minimum 800 m vertical depth • Mineralization remains open laterally and to depth • Systematic extension drill program ongoing with 3 drill rigs ---- 800 m below surface OPEN Figure as at July 28, 2022 12
Slide 13: From Discovery to Maiden Resource
From Discovery to Maiden Resource Definition of a Consistent and Mineralized Body • Drilling to date has defined a significant mineralized body: Strike length 600 m Vertical extent 800 m Average true width 35 m (up to 82 m) > Drillhole Collar • Excellent initial metallurgical l Drillhole Trace resul
Slide 14: Patwon Gold Zone
Patwon Gold Zone 3D Views of 0.5 g/t Au Grade Shell Longitudinal Section Vertical View S E (Looking South) W N (Looking East) 0.5 g/t Grade Shell 0.5 g/t Grade Shell Mineralized Trend 300m DDH Trace Topography UTM NAD83 Zone 18 Topography 300m Completed DDH UTM NAD83 Zone 18 14
Slide 15: Strong Growth Potential
Strong Growth Potential Orogenic Deposits have Significant Potential Vertical Extent P&P: 1M oz Au P&P: 3.4M oz Au Patwon Goldex M&I: 1.8M oz Au Young-Davidson M&I: 0.9M oz Au Inferred: 1.2M oz Au Inferred: 0.2M oz Au open open open - 1,000m Source: Alamos Gold - 1,500m Note: Reported Reserves and R
Slide 16: Bulk Underground Mining Scenario
Bulk Underground Mining Scenario Potential Comparable and Profitable Mines Unit Goldex Young-Davidson Mining Rate tpd 7,000 7,000 Production Oz/y 135,000 195,000 • Patwon vertical extent Cash Cost US$/oz 684 846 implies potential for high grade open pit to bulk AISC US$/oz 962 1,072 underground mini
Slide 17: Patwon Gold Zone Features
Patwon Gold Zone Features A Unique Set of Positive Characteristics • Outstanding geometric continuity from surface and down to 800 m • Potential for combined open pit and bulk underground mining • Wide mineralized envelope (>2 g/t Au) including consistent high-grade zones (>5 g/t Au) • No structural
Slide 18: Camp-Scale Exploration Upside
Camp-Scale Exploration Upside Reproducing the Patwon’s Success • Greenstone orogenic deposits rarely occur in isolation • Property largely underexplored, with evidences of an extensive shear-related gold bearing system • 12 priority sectors identified along strike and subparallel to Patwon • > 5,000
Slide 19: Additional Exploration Activities
ADDITIONAL EXPLORATION ACTIVITIES Wapatik - Maiden Drill Program
Slide 20: Wapatik Project
Wapatik Project A Significant Nickel-Copper Discovery in Quebec Wapatik • 115 km2 property on strike from Patwon Gold Zone • Under option to Mont Royal Resources • $4M in expenditures for initial 50% • $3M in expenditures / PEA for 70% • Operated by AZM Exploration • High grade Nickel-Copper massive
Slide 21: A Successful Maiden Drill Program
A Successful Maiden Drill Program Drilling Well-Defined Conductors • Maiden drilling program focused on principal conductors identified by an electromagnetic (SQUID) ground survey • Significant nickel-copper discovery with one of the best results recorded in the James Bay region • Massive to semi-ma
Slide 22: Newly Generated Nickel Targets
Newly Generated Nickel Targets Strategic and Prospective Positioning • Strategic positioning on targets with nickel, copper, cobalt, and PGE potential • Energy transition provides long‐term support for these commodities • Defined by Azimut's advanced processing of regional-scale data (AZtechMineTM)
Slide 23: Rex Trend, Giant Copper Footprint
Rex Trend, Giant Copper Footprint Unlocking the Potential of a World-Class Target • 330 km x 30 - 50 km lake-bottom sediment anomaly REX TREND 330 km • > 30 mineralized zones (Cu-Au) • Underexplored giant target for critical and strategic minerals: Cu, W, Sn, Bi, Be, Te, Re, In, REE • Potential for:
Slide 24: Summary
SUMMARY Multiple Catalysts in Place Elmer Gold Project Active Partnerships • Patwon Gold Zone • Wapatik • Continued drilling • Follow up drilling program results • Maiden resource estimate • Munischiwan • Elmer Camp Scale Exploration • Planned core drilling this summer • Strong potential for additio
Slide 25: For more Information
TSXV:AZM OTCQX: AZMTF For more Information: Jean-Marc Lulin President and CEO +1 (450) 646-3015 Jonathan Rosset VP Corporate Development +1 (604) 202-7531 info@azimut-exploration.com www.azimut-exploration.com Thank you! Merci! ᓇᑯᕐᒦᒃ ᑭᓇᓈᐢᑯᒥᑎᐣ 25
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