Azimut Exploration, Inc. · TSXV:AZM
Azimut Exploration — Investor Presentation (October 2022)
24 slides from Azimut Exploration's investor presentation, October 2022
Slide 1: A Leading Multicommodity Explorer
AZIMUT tsxv. EXPLORATION OTCQX: A Leading Multicommodity Explorer ADVANCING THE ELMER GOLD DISCOVERY
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?
Tuan Quality Exploration Portfolio A Leading Explorer in Quebec in Quebec for WHAT SETS US APART? oe ADVANCING A MAJOR GOLD DISCOVERY Largest claim holder Gold, Copper, Nickel © .Elmer Discovery Flagship Gold Project 100% owned AZIMUT EXPLORATION | TSXV: AZM | OTCQX: AZMTF AZtechMine™ Predictive mod
Slide 4: Corporate Highlights
Corporate Highlights THE RIGHT INGREDIENTS FOR SUCCESS Capital Structure Working Capital Cs1 91M Shares 79.3M Outstanding F/D: 859M CS0.61 Share Price 52-week H/L: C$2.08 / CSO.57 Market Cap CS50M Working Capital as at May 31, 2022 / Shares Outstanding as at September 09, 2022 4 Track record of low
Slide 5: Quality Portfolio
Quality Portfolio A LEADING POSITION INA STABLE JURISDICTION 4 29 properties for 6,590 km? 4 Strategic commodity exposure 4 Gold 4 Copper 4 Nickel 4 Funding and partnerships in place for significant exploration activities (>| Rex (Copper-Gold) 29 properties 13,600 claims 6,590 km? Rex South (Copper-
Slide 6: Elmer Gold Discovery
Elmer Gold Discovery AZIMUT EXPLORATION ~*~ aa
Slide 7: Elmer Gold Project
Elmer Gold Project POSITIONED TO BE A MAJOR GOLD ASSET IN QUEBEC 4 Drilling discovery in 2020 Aggressively advanced ever since 4 Located 100 km west of the Eleonore Gold Mine (Newmont), James Bay Region 4 Close proximity to excellent infrastructure 4 Paved highways 4 Powerlines 4 Airports 4 Support
Slide 8: Wolf Prospect
f 305,000 N Wolf Prospect 19.25 git Au 4.0 m(C) 12.3 git Au/ 1.75 m (C) i 58.2 git Au (6) 5,816,000 4.65 gilt Au, 160 git Ag, 7% Cu (G) 60 git Ag, 1.44% Cu, 4.7% Zn (G) 155 git Ag, 3.54% Cu, 3.36% Zn (G} 3.1 git Au (G) 2.34 git Au, 18.2 git Ag / 0.5 m(C) 15.75 git Au (G) i \ ‘AJ-2 Prospect 1.16 git
Slide 9: Excellent Results to Date
Excellent Results to Date True Thickness Depth 24.04 g/t Au over 18.0 m Tim -240m 315 g/t Au over 102.5 m 62.6m -30m 2.84 g/t Au over 108.2 m 63.7m -50m 3.01 g/t Au over 90.2 m 827m - 170m 643 g/t Au over 40.6 m $8.2m - 310m 4 Major New Gold Discovery ADVANCING A MAJOR GOLD DISCOVERY AZIMUT EXPLORAT
Slide 10: 2022 Exploration Objectives
2022 Exploration Objectives Patwon Gold Zone: Camp-scale Exploration: Delineation of a maiden NI 43-101 Defining and drill testing additional compliant gold resource mineralized zones > Crystallizing the value > Outlining the true potential of the Patwon Gold Zone of the Elmer Gold Project 10 ADVANC
Slide 11: Figure as at September 13, 2022
Figure as at September 13, 2022
Slide 12: Figure as at September 13, 2022
Figure as at September 13, 2022
Slide 13: From Discovery to Maiden Resource
13 5,800,500 318,250 318,750 i 319,000 319,250 Zmineraized Zones Polygenie Conglomerate Felsic Voleanie Intermeciate Extusif Mafic Matic unit Felsic-Intermediate intrusive AZIMUT Matic Intrusive EXPLORATION 318,250 318,500 318,750 3191000 319,250 ADVANCING A MAJOR GOLD DISCOVERY AZIMUT EXPLORATION |
Slide 14: open open - 1,000m
open open - 1,000m Source: Alamos Gold - 1,500m Reported Reserves and Resources as at December 31, 2021 Source: Agnico Eagle Mineral reserves are not a subset of mineral resources
Slide 15: Patwon Gold Zone
Patwon Gold Zone Geometric Continuity Outstanding geometric continuity from surface and down to 800 m Open Pit and Underground Potential for combined open pit and bulk underground mining Wide Mineralized Envelope Wide mineralized envelope (>2 g/t Au) including consistent high-grade zones (>5 g/t Au)
Slide 16: Figure as at September 13, 2022
Figure as at September 13, 2022
Slide 17: Figure as at September 13, 2022
Figure as at September 13, 2022
Slide 18: Additional Exploration Activities
Additional Exploration Activities FN AZIMUT EXPLORATION
Slide 19: Wapatik Project
Wapatik Project A SIGNIFICANT NICKEL-COPPER 2.68% Ni, 1.30% Cu, 0.09% Co over 3.3 m DISCOVERY IN QUEBEC 116% Ni, 3.85% Cu over 0.8 m | 0.29% Ni, 0.25% Cu over 18.0 m | 0.27% Ni, 0.41% Cu over 15.75 m 4 115 km? property on strike from Patwon Gold Zone 4 Under option to Mont Royal Resources 4 S4M in e
Slide 20: A Successful Maiden Drill Program
A Successful Maiden Drill Program TESTING WELL-DEFINED CONDUCTORS Nickel-Copper Discovery - Wapatik Property James Bay Region, Québec ee eoaaaa| 068% Cu, 0.08% Ni, 127 ppm Co, 8.92 gt Ag 109% Cu, 0.38% Ni, 316 ppm Co, 642 gt Ag 0.81% Cu, 0.26% 14,225 ppm Co, 1.91 git Ag 4 Focused on conductors ident
Slide 21: AZM-SOQUEM JV
Se . o a: AZM-SOQUEM JV Pikwo AZM-SOQUEM JV Newly Generated —s Dolmas ER“ [azwsoquem wv JAZM-SOQUEM JV Nickel Targets STRATEGIC AND PROSPECTIVE oO ' — POSITIONING fie & Eeyag brea ine AZM-Everton/Hecla Mining Eau Claire e | Fury Gold Mines 4 Strategic positioning on targets with Bay | ASSSOGUEM IV n
Slide 22: Rex Trend: Giant Copper Footprint
Rex Trend: Giant Copper Footprint UNLOCKING THE POTENTIAL OF A WORLD-CLASS TARGET REX TREND 4 330 km x 30 - SO km lake-bottom sediment anomaly 4 > 30 mineralized zones (Cu-Au) 4 Underexplored giant target for critical and strategic minerals: Cu, W, Sn, Bi, Be, Te, Re, In, REE 4 Potential for: 4 1O0C
Slide 23: Summary
23 Summary Elmer Gold Project Patwon Gold Zone 4 Near surface expansion drilling 4 Maiden resource estimate Elmer Camp Scale Exploration 4 Strong potential for additional discoveries Active Partnerships Wapatik 4 Follow up exploration drilling Munischiwan 4 Drilling program results Rex / Rex South 4
Slide 24: azimut-exploration.com
ᓇᑯᕐᒦᒃ ᑭᓇᓈᐢᑯᒥᑎᐣ TSXV: AZM OTCQX: AZMTF azimut-exploration.com
Azimut Exploration — Investor Presentation (October 2022) on 6ix