Azimut Exploration, Inc. · TSXV:AZM
Azimut Exploration — Investor Presentation (January 2020)
28 slides from Azimut Exploration's investor presentation, Jan 29, 2020
Slide 1: A Key Player in the Mining Sector in Quebec
A Key Player in the Mining Sector in Quebec TSXV: AZM January 29, 2020
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: Azimut in Quebec, Canada
Azimut in Quebec, Canada James Bay ➢ Elmer (100% AZM): Flagship ➢ Pikwa (SOQUEM / AZM Option) ➢ Key Properties Nunavik ➢ Rex (AZM / SOQUEM Option) ➢ Rex South (AZM / SOQUEM Option) ➢ Highlights & 2020 Outlook 3
Slide 4: Property Portfolio in Quebec
PROPERTY PORTFOLIO IN QUEBEC Rex (Cu-Au) Rex South (Cu-Au) Pikwa (Cu-Au) Elmer (Au) Montréal 27 properties 11,334 claims 5,440 km2 4
Slide 5: Pikwa and Elmer
Pikwa Éléonore (Newmont) Elmer Seven discovery holes incl. 3.15 g/t Au / 102.0 m 100 km 5
Slide 6: Patwon Discovery
Mag Total Field Patwon Discovery ELMER (100% AZM): 22 km long 5 km DUXBURY (100% AZM): 15 km long 6
Slide 7: Patwon Discovery High-priority targets
Patwon Discovery High-priority targets: ~1.5 km long Mag Gradient 500 m 7
Slide 8: Elmer Gold Property
T 318,600 SS Elmer Gold Property James Bay Region, Québec Patwon Discovery If 22.4 gitAu/2.95m(C) 0.62 g/t Au/ 101.3 m(D) s 36.3 g/t Au / 2.0 m (C) 3.15 g/t Au / 102.0 m (D) a] 9.52 git Au/ 7.1 m(C) 2.84 g/t Au / 108.2 m (D) = 9.56 g/t Au / 5.36 m (C) 1.68 g/t Au / 97.0 m (D) — 3.36 gitAu/10.32m(C)
Slide 9: Elmer Gold Property
aiaeb eee ” Li Elmer Gold Property James Bay Region, Québec Patwon Discovery ELM19-001 : 0.62 g/t Au/ 101.3 m ELM19-002: 3.15 g/t Au/ 102.0 m ELM19-003 : 2.84 g/t Au / 108.2 m ELM19-004:; 1.68 g/t Au/97.0m ELM19-005: 1.54 g/t Au/54.1m ELM19-006 : 1.15 g/t Au / 129.0 m ELM19-007 : 1.93 g/t Au/ 82.0m
Slide 10: Drill sections: ELM19-001, 002, 003
0.62 g/t Au / 101.3 m 2.84 g/t Au / 108.2 m including 254.0 g/t Au / 0.5 m 4.65 g/t Au / 29.0 m 3.15 g/t Au / 102.0 m including 10.1 g/t Au / 20.5 m 20 m 10
Slide 11: Drill sections: ELM19-004, 005, 006
1.68 g/t Au / 97.0 m including 4.16 g/t Au / 15.5 m 1.15 g/t Au / 129.0 m 7.85 g/t Au / 5.5 m including 3.38 g/t Au / 25.3 m 1.49 g/t Au / 33.5 m 1.54 g/t Au / 54.1 m including 2.53 g/t Au / 13.5 m 3.91 g/t Au / 5.6 m 20 m 11
Slide 12: Drill section: ELM19-007
1.93 g/t Au / 82.0 m including 3.46 g/t Au / 44.1 m 20 m 12
Slide 13: Hole ELM19-003: Native gold in quartz carbonate veinlet
Hole ELM19-003: Native gold in quartz carbonate veinlet at 34.6 m 254.0 g/t Au over 0.50 m 13
Slide 14: Hole ELM19-004: Native gold in milky quartz vein
Hole ELM19-004: Native gold in milky quartz vein with tourmaline selvages at 16.2 m. 28.7.0 g/t Au over 0.50 m 14
Slide 15: Hole ELM19-006: Native gold in pyritic stringer
Hole ELM19-006: Native gold in a pyritic stringer in felsic intrusion at 70.7 m 121.0 g/t Au over 0.50 m 15
Slide 16: Patwon Prospect, June 16 2019
54.6 g/t Au (grab) 9.52 g/t Au / 7.1 m (channel CH-11) 22.1 g/t Au / 2.95 m (channel CH-09) 36.3 g/t Au / 2.0 m (Channel CH-10) Patwon Prospect, June162019
Slide 17: Elmer Gold Discovery
Elmer Gold Discovery Why Patwon can potentially be a Multi-Million Ounce Gold Discovery (based on initial results and interpretation) 1) Seven drill holes proving sizeable mineralization, well-correlated with extensive surface sampling, widely open along strike (minimum ~200 m strike), widely open a
Slide 18: Elmer Gold Discovery: Other insights
Elmer Gold Discovery Other insights about this discovery - Pyrite (1% to 30%) is the dominant sulphide as disseminated coarse grains and as stringers; the induced polarization (“IP”) survey currently underway appears to be an appropriate method to characterize the mineralization footprint of the Pat
Slide 19: Aitik (Billiton) comparison
AITIK (Billiton) 4 km x 1.1 km Historic production Down to 450 m 820 Mt @ 0.29% Cu, 0.17 g/t Au Reserves 1.148 Bt @ 0.22% Cu, 0.14 g/t Au 19
Slide 20: Copper Mineralization
Copper Up to 20.1% Cu (boulder) Mineralization Up to 9.81% Cu, 13.45 g/t Au (outcrop) 20
Slide 21: Rex Trend – Giant Copper Footprint
Rex Trend – Giant Copper Footprint Rex & Rex South Properties To Unlock Potential Of A World -Class Target Quebec-scale Copper Target REX TREND ➢ 330 km long by 30 to 50 km wide lake-bottom sediment anomaly ➢ Underexplored, neglected giant target ➢ >30 mineralized zones (Cu-Au) ➢ $40 million option
Slide 22: Rex and Rex South main mineralized prospects
Rex Main Mineralized Prospects Gold >= 1 g/t Au (up to 580 g/t Au) and/or Copper >= 0.5 % Cu (up to 13.65% Cu) See Press Release of January 7, 2020 Rex South 30 km 22
Slide 23: Rex
Rex Au, Ag, Cu ➢ 30 km long prospective corridor with numerous high-grade prospects ➢ 20 mineralized zones ➢ Grabs up to: 580 g/t Au, 915 g/t Ag, 13.65% Cu ➢ Planned work (2020): DRILLING 23
Slide 24: Rex South
Rex South Au, Ag, Cu, W, REE ➢ 15 km by 5 km intrusive complex ➢ ± 60 km cumulative length of mineralized zones and highly prospective targets ➢ Grabs up to: 23.3 g/t Au, 124 g/t Ag, 102.5g/t Te, 9.28% Cu, 4.72% W, 2.58% Sn ➢ Planned work (2020): DRILLING 200 km 24
Slide 25: Rex South
Rex South Au, Ag, Cu, W, REE ➢ 15 km by 5 km intrusive complex ➢ ± 60 km cumulative length of mineralized zones and highly prospective targets ➢ Grabs up to: 23.3 g/t Au, 124 g/t Ag, 102.5g/t Te, 9.28% Cu, 4.72% W, 2.58% Sn ➢ Planned work (2020): DRILLING 200 km 25
Slide 26: Highlights: Management and Directors
Highlights Management and Directors Jean-Marc Lulin, P.Geo., Ph.D. – President, CEO and Director Moniroth Lim, CPA, CGA – Chief Financial Officer, Corporate Secretary Mathieu Landry, P.Geo. – Vice President, Technology and Business Development Michel Brunet, LL.B. – Director (Montréal) Angelina Meht
Slide 27: Highlights and 2020 Outlook
Highlights • Quebec: One of the top mining jurisdictions in the world • Holder of the largest exploration portfolio in the province • Core business since 2003: Predictive modelling applied to mineral exploration alongside partnership development • Discovery of 400+ mineral prospects as a direct resu
Slide 28: Thank you! Merci!
Thank you! Merci ! ᓇᑯᕐᒦᒃ ᑭᓇᓈᐢᑯᒥᑎᐣ Azimut Exploration Inc. 110, De La Barre Street - Suite 224 Longueuil (Québec) Canada J4K 1A3 Phone: 1 450 646-3015 www.azimut-exploration.com info@azimut-exploration.com Contact: Dr. Jean-Marc Lulin 28
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