Slide 1: A Key Player in the Mining Sector in Quebec
A Key Player in the Mining Sector in Quebec TSXV: AZM September 15, 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 & 2020-21 Outlook
Slide 4: Property Portfolio in Quebec
PROPERTY PORTFOLIO IN QUEBEC Rex (Cu-Au) Rex South (Cu-Au) Pikwa (Cu-Au) AZM has the largest exploration portfolio in Quebec including Elmer (Au) the Elmer gold discovery 500 km Montréal 27 properties 11,394 claims 5,472 km2
Slide 5: Pikwa and Elmer locations
Pikwa (Cu-Au) Éléonore (Newmont) Elmer (Au) 100 km
Slide 6: Gold discovery within a 35-km-long highly prospective belt
Gold discovery within a 35-km-long highly prospective belt 5 km
Slide 7: Patwon Discovery Since November 2019
Patwon Discovery Since November 2019 62 DDH (11,511 metres) Results pending for 24 holes 500 m
Slide 8: Significant drilling results to date
Significant drilling results to date Elmer Property, Patwon Discovery ELM19-001 : 0.62 g/t Au / 101.3 m . . ELM19-002 : 3.15 g/t Au / 102.0 m James Bay Region, Québec 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_ AZIMUT T 319,100 EXPLORATION T is my
Slide 9: Drill intercepts at Patwon
1.93 g/t Au / 82.0 m including 3.46 g/t Au / 44.1 m 0.81 g/t Au / 58.8 m including 1.40 g/t Au / 14.5 m 1.04 g/t Au / 25.0 m 2.61 g/t Au / 72.15 m including 20 m 3.59 g/t Au / 51.85 m 1.44 g/t Au / 58.2 m 3.85 g/t Au / 22.35 m including including 6.0 g/t Au / 7.15 m 19.34 g/t Au / 3.05 m
Slide 10: Patwon Discovery: 400 m x 300 m x 40 m
Patwon Discovery: 400 m x 300 m x 40 m (preliminary data, open in all directions) 50 m
Slide 11: Elmer Gold Discovery
Elmer Gold Discovery Why Patwon can potentially be a Multi-Million Ounce Gold Discovery (based on initial results and interpretation) 1) Significant mineralization hit by 29 holes out of 35 drilled in the zone 2) 400-m-long x 300-m-deep gold-bearing body open along strike and at depth 3) Consistent
Slide 12: 10-km-long Copper-Gold Target Ready to Drill
Copper Up to 20.1% Cu (boulder) Mineralization Up to 9.81% Cu, 13.45 g/t Au (outcrop) 10-km-long Copper-Gold Target Ready to Drill 1 km
Slide 13: 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 14: 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
Slide 15: Financial Highlights
Financial Highlights • AZM founded in 1986 - 69.1 M shares outstanding (70.8 M fd) • Capital structure never consolidated - Float: ~ 23 M shares Ownership: - 5% insiders, - 31% Quebec-based institutions, - 28% corporate & private investors • $11.0 million working capital, no debt • One of the lowest
Slide 16: Summary
Summary • 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 500+ mineral prospects as a direct result
Slide 17: 2020-21 Outlook
2020-21 Outlook $10 million planned exploration budget ➢ ELMER (Au) $4,500,000 Drilling >10,000 m ➢ Pikwa (Cu-Au) $750,000 Drilling 2,000 m ➢ Munischiwan (Cu-Au) $500,000 Drilling 1,200 m ➢ Rex, Rex South, Nantais $4,000,000 Drilling 4,200 m (Au, Cu-Au) ➢ Other (Au, Cu-Au, Ni) $300,000 Geochemistry
Slide 18: Thank you! Merci!
Thank you! Merci ! ᓇᑯᕐᒦᒃ ᑭᓇᓈᐢᑯᒥᑎᐣ 18