Azimut Exploration, Inc. · TSXV:AZM
Azimut Exploration — Investor Presentation (November 2025)
27 slides from Azimut Exploration's investor presentation, November 2025
Slide 1: A Leading Multicommodity Explorer in Quebec
TSXV: AZM OTCQX: AZMTF A Leading Multicommodity Explorer in Quebec Value Creation Through Discoveries November 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 inform
Slide 3: What Sets Us Apart?
Azimut Exploration Inc. TSXV: AZM / OTCQX: AZMTF WHAT SETS US APART? Hybrid Exploration Strategy – Sole & Partner Funded Projects Optionality on large mineral exploration portfolio in Quebec Generative capacity using predictive modelling Advanced Multicommodity P ortfolio with Dr illing Catalysts 2
Slide 4: Portfolio Highlights
Portfolio Highlights 28 properties 14,833 A UNIQUE POSITION WITH claims Kukamas OUTSTANDING POTENTIAL (Nickel - Copper - PGE) Gold Elmer (Gold) Copper Regional focus in Quebec Ind. - 311,200 oz at 1.93 g/t Au JB Lithium Nickel Inf. - 513,900 oz at 1.94 g/t Au Sole funded gold projects Lithium Other
Slide 5: Corporate Highlights
Corporate Highlights A SOLID FOUNDATION Exploration Capital Structure Share Ownership Partners 19% Cash C$15M Quebec - based Institutions 25 % Shares 101M 5% Institutional / Outstanding F/D: 107M HNW Insiders C$ 0. 78 11% Share Price 52 - week H/L: C$ 0. 92 / C$0.45 30% Analyst / Market Cap C $ 78 M
Slide 6: Gold
Gold WABAMISK Au - Sb ELMER Au - Cu Wabamisk - Rosa Zone Discovery
Slide 7: Elmer & Wabamisk Project
Elmer & Chisasibi Radisson Kukamas AZM - KGHM Option Wabamisk Project James LEGEND Bay SOLE - FUNDED JB Lithium Mine Deposit GOLD PROJECTS Wemindji Eleonore Gold Village/Airport Hydro-electric dam Pilipas Mine Roads AZM - Ophir Option Dhilmar Ltd. Gold focus exploration with Powerlines Munischiwan A
Slide 8: Wabamisk
ROSA ZONE FORTIN ZONE 24.8% Sb, 1.35 g/t Au (G) 30.17 g/t Au / 4.0 m (C) 1.10% Sb, 0.38 g/t Au / 51.50 m (D) 17.65% Sb , 2.48 g/t Au (G) incl. 111.5 g/t Au / 1.0 m 23.0 g/t Au / 3.0 m (C) incl. 45.8 g/t Au / 1.0 m 0.65% Sb, 0.13 g/t Au / 42.75 m (D) 3.24% Sb / 19.0 m incl. 4.02% Sb / 15.0 m (C) 2.08
Slide 9: Wabamisk Rosa Zone
WABAMISK ROSA ZONE New significant gold - bearing zone OPEN Multiple high - grade results over 300 OPEN m with impressive occurrences of visible gold Channel sampling results include: 30.17 g/t Au / 4.0 m , incl. 111.5 g/t Au / 1.0 m and 7.54 g/t Au / 1.0 m 23.0 g/t Au / 3.0 m , incl. 45.8 g/t Au /
Slide 10: Wabamisk Rosa Zone drilling
WABAMISK ROSA ZONE Initial drilling program initiated in October. Program expanded to at least 2,000 m Assay results pending 5 out 10 drill holes (1,326 m) completed to date display visible gold Drilling program was designed to investigate the depth extent of the surface gold showings and correlated
Slide 11: Wabamisk Fortin Zone
WABAMISK FORTIN ZONE Outcropping antimony - gold rich zone 1.10% Sb over 51.5 m (drilling) 4.02% Sb over 15.0 m (channel) 36.5 g/t Au over 1 m (channel) up to 24.8% Sb (grabs) Extensive stripping and sampling completed in 2025 Robust km - scale system Possible vertical zoning with gold grades increa
Slide 12: Fortin Zone Preliminary Geometry
FORTIN ZONE PRELIMINARY GEOMETRY Strike - length: At least 1.8 km, based on 48 mineralized holes, within a broader 2.4 - km - long prospective corridor Thickness : Intervals grading above 0.1% Sb range from 5 to 50 m wide along the hole, roughly 25 m on average Dip : To the south at approximately 70
Slide 13: Antimony
Global Mine Production Uses in United States Other 2024 Nonmetal Products 2024 10% Ceramics & Glass Antimony Russia 21% Metal Products 40% China 13% 60% CRITICAL MINERAL FACING 100,000 24,000 A SUPPLY SHORTAGE t/y t/y Tajikistan Flame Retardant 17% 39% Antimony is a critical mineral in US/Canada/EU/
Slide 14: Elmer
A-21 WOLF NORTH 0.5 g/t Au, 45.0 g/t Ag / 30 m (D) 5 km 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) 2.0
Slide 15: A Robust Gold Zone
3D Isometric View Looking East A Robust Gold Zone INITIAL MINERAL RESOURCE ESTIMATE Patwon Gold Zone Resource Estimate announced in Nov 2023 using $1,800/oz price Indicated : 311,200 oz grading 1.93 g/t Au Inferred : 513,900 oz grading 1.94 g/t Au 75% within open - pit shell to 376m Mineralization r
Slide 16: Nickel
Nickel KUKAMAS Ni - PGE JBN Ni - Cu - PGE
Slide 17: A Unique Nickel Portfolio
KUKAMAS A Unique Nickel AZM/KGHM Radisson option Pikwa Chisasibi AZM - SOQUEM JV Portfolio Corvet AZM - Rio Tinto Kaanaayaa AZM - Rio Tinto Option JBL1 Option Galinée STRATEGIC, LARGE - SCALE Wemindji Eleonore Gold Mine AZM - SOQUEM JV Renard Diamond Mine PORTFOLIO Dhilmar Ltd. Stornoway James Km -
Slide 18: Kukamas Nickel-PGE Discovery
PERSEUS ZONE KUKAMAS 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) NICKEL - PGE DISCOVERY 8.42% Ni, 0.55% Cu, 7.25 g/t PGE / 1.9 m (D) 6.06% Ni, 0.38% Cu, 3.34 g/
Slide 19: Kukamas Perseus Zone High-Grade Kambalda-Type Nickel
KUKAMAS PERSEUS ZONE - HIGH - GRADE KAMBALDA - TYPE NICKEL 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%
Slide 20: Kukamas Perseus Complex
KUKAMAS PERSEUS COMPLEX 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 TM Plus, VLF) well correlated with komatiitic flows along the 1.6-
Slide 21: Lithium Portfolio
Lithium Portfolio Wabamisk – Lithos Zone
Slide 22: James Bay Region: Emerging Lithium Province
Shaakichiuwaanaan James Bay Region: Chisasibi Radisson PIKWA AZM - SOQUEM JV Patriot Battery Metals Dalmas World - Class Emerging Pontois AZM - SOQUEM JV AZM - SOQUEM JV Cancet Adina JB LITHIUM Lithium Province 13 Blocks 100% AZM Winsome Resources Winsome Resources KAANAAYAA GALINEE SIGNIFICANT EXPO
Slide 23: Wabamisk East Lithos
WABAMISK EAST LITHOS: EXTENSIVE LITHIUM TARGETS Optioned to Rio Tinto in July 2025 $25M in expenditures for 50% in Phase I $60M in expenditures for 70% in Phase II Option for a funding to production Spodumene pegmatite field - 4 km 2 prospective zone At least 86 distinct spodumene - bearing outcrops
Slide 24: Wabamisk East Lithos North
WABAMISK EAST LITHOS NORTH A “Lithium Corridor ” was defined by a field of pegmatite bodies along a 1.2- km - long and at least 250 - m- wide zone Pegmatites with 10 to 50 m of apparent thickness Channel sampling results pending Drill ready for aggressive program in 2026 2 km Lithos North Surface Ro
Slide 25: Galinée
GALINÉE MAJOR DRILL RESULTS AND NEW TARGETS IN AN EMERGING DISTRICT 50/50 JV with SOQUEM Wide and high - grade lithium - bearing pegmatites in extension with Adina Deposit (Winsome Resources) Best drill result : 1.62% Li 2 O over 158.0 m, Galinée Property including 2.20% Li 2 O over 89.65 m (AZM-SOQ
Slide 26: Exploration Catalysts for 2025
Exploration Catalysts for 2025 MINIMUM $14M BUDGET, INCL. $8M FUNDED BY PARTNERS WABAMISK Fortin Zone – Antimony - Gold KUKAMAS ➢ 10,000 m drill program Perseus Zone – Nickel - PGE Partner Funded Programs ➢ 4,000 m drill program Sole Funded Programs Rosa Zone – Gold ➢ 2,000 m drill program initiated
Slide 27: Thank you! Merci!
Thank you! Merci! ᓇᑯᕐᒦᒃ ᑭᓇᓈᐢᑯᒥᑎᐣ Contact information Jean - Marc Lulin Jonathan Rosset President and CEO VP Corporate Development +1 (450) 646 - 3015 +1 (604) 202 - 7531 info@azimut - exploration.com jrosset @azimut - exploration.com TSXV: AZM OTCQX: AZMTF azimut-exploration.com
Azimut Exploration — Investor Presentation (November 2025) on 6ix