Azimut Exploration, Inc. · TSXV:AZM
Azimut Exploration — Investor Presentation (November 2024)
30 slides from Azimut Exploration's investor presentation, November 2024
Slide 1: A Leading Multicommodity Explorer
AZ | M U T TSXV: EXPLORATION OTCQX: A Leading Multicommodity Explorer Building a Platform for New Discoveries November 2024
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: A Strategic Positioning in Quebec
| me. Azimut: A Strategic a —— ene ° ° 4, @ e 16,458 Positioning in Quebec pe 4 deine 4 x 8,270 ker? THE LARGEST EXPLORATION Kukamas __ | PORTFOLIO IN A STABLE JURISDICTION (Nickel / Copper / PGEs) © Gold e @ Copper sas Elmer (Gold) JB Lithium , Commodities Ind. - 311,200 oz at 1.93 g/t Au 7,12 bloc
Slide 4: Azimut: A Technically Driven Business Strategy
Azimut: A Technically Driven Business Strategy Elmer ©) Deposit a Flagship Gold Project Sole Funded 4% 100% owned Activities . $67M invested by Azimut wy G) Wabamisk = a a to date Project =—> Ee] - . . Tuan Galinée Monetization AztechMinew Quality © Discovery Exploration . Predictive Maps Portfolio
Slide 5: 2024 - One of the Most Productive Season Yet
2024 - One of the Most Productive Season Yet ADVANCING A PIPELINE OF OPPORTUNITIES ELMER Au, Ag-Cu-Zn Prospecting, Drilling 100% AZM WABAMISK Au-Sb, Li Prospecting > Drilling 100% AZM JBL1 Li Prospecting 100% AZM GALINEE Li, Cu-Au Prospecting, Till Sampling, Drillin p 9 pins 9 SOQUEM JV PIKWA Li Pro
Slide 6: Corporate Highlights
Corporate Highlights WELL FUNDED AND MINIMIZING SHARE DILUTION THROUGH TIME Capital Structure Cash ~CS9M Shares 85.6M Outstanding F/D: 919M ; CS0.67 Share Price 52-week H/L: CS1.03 / C$0.425 Market Cap ~CS55M Cash and Shares Outstanding as at October3t,2024 Share price and Market capitalization as a
Slide 7: Management
Management Directors Board and Management EXPERIENCED TEAM WITH A TRACK RECORD Jean-Marc Lulin, PGeo, PhD, President and CEO, Director Senior mining executive, geologist with > 40 years of experience in North America, Africa and Europe. Designed AZtechMine™ the mineral targeting methodology that con
Slide 8: A Key Exploration Player in Quebec
A Key Exploration Player in Quebec 20-YEAR HISTORY OF PARTNERSHIPS AND EXPLORATION SUCCESSES 2003 2005 2007 20n 2015 2017 2019 2021 2023 - - - 2010 ~ ~ ~ - - 2004 2006 2008 2012 2016 2018 2020 2022 2024 New “Prospector Targeting the “Discovery of leadership — New partnerships of the Year’ Elmer gold
Slide 9: Gold Portfolio
Gold Portfolio AZIMUT EXPLORATION
Slide 10: Equinox
EQUINOX 5.29% Cu, 1.02 g/t Au, 51.7 g/t Ag (G)
Slide 11: Figure as of November 21, 2023
Figure as of November 21, 2023
Slide 12: Copper-gold grab sample results
5.29% Cu, 1.025 g/t Au (G) 1.41% Cu, 0.718 g/t Au (G) 1.165% Cu, 0.535 g/t Au (G) 0.83% Cu, 0.336 g/t Au (G) 1.28% Cu, 0.22 g/t Au (G) 0.551% Cu, 0.94 g/t Au (G) 0.312% Cu, 0.468 g/t Au (G)
Slide 13: Antimony results map
458,000 455,000 oe A LEADING MULTICOMMODITY EXPLORER AZIMUT EXPLORATION | TSXV: AZM | OTCQX: AZMTF 486,000 DOME BB rw FORTIN 2.412% Sb (G) 0.6% Cu, 05% 2n, 6 gt Ag! 1.4m (0) 753 tau % 1.94% Sb (6) (04% Zn, 0.16% Pb, 16 gitAg /7.0 m(D) aot tg) 128% Sb (G) 244 gt Au (6) 3 Azo gtau 24.8% Sb, 1.98 gft A
Slide 14: Antimony in Soil; IP Chargeability and Resistivity
Antimony in Soil IP Chargeability and Resistivity
Slide 15: Nickel-Copper Portfolio
Nickel-Copper Portfolio AZIMUT EXPLORATION
Slide 16: Kukamas Project - Perseus Zone
418,000 450,000 ° 2 Ku amas P roject g PERSEUS ZONE . 103% Cu (6) inet Sadie Mi, 0.41% Cu, 282 gh POE 160m (C) aa%ou.177 9nA9(6) ‘ox ny 01% Gus. gt POE. m NEW NICKEL SHOWINGS IDENTIFIED [aomocneu ge” \ BARR eveaeel on / h [lesan ass cuis) Se aray le) \ / | ose ousel 208 BIE) \\ 5,956,000 146 gtAu (6
Slide 17: Kukamas Project
Kukamas Project NEW NICKEL SHOWINGS IDENTIFIED 4 Optioned to KGHM in late 2022 and operated by Azimut 4 2023: VTEM™Plus survey completed over property (100-metre line spacing for a total of 3,199 line-km). Discovery of new nickel-copper showing, correlated with a km-long electromagnetic conductor 4
Slide 18: Kukamas Project - Perseus Showing
Kukamas Project PERSEUS SHOWING Channel #1: 2.98% Ni, 0.32% Cu, 2.25 g/t PGE over 8.0 m, including 3.74% Ni, 0.41% Cu and 2.82 g/t PGE over 6.0m Channel #2: 110% Ni, 0.15% Cu, 1.02 g/t PGE over 9.0 m, including 1.42% Ni, 0.19% Cu, and 1.36 g/t PGE over 6.0m EADING MULTICOMMODITY E Kukamas Property,
Slide 19: A Unique Nickel Portfolio
KUKAMAS Pikwo AZM-SOQUEM JV Dalmas AZM-SOQUEM JV A Unique Nickel ss ee Raanaayan es “[Corvet |AZM-Rio Tinto fizw-rio Tin] Agi Al givin & ‘ [Option wae : -s ; 2 [Eleonore Gold Portfolio STRATEGIC AND PROSPECTIVE [calinge JAZM-SOQUEM JV Mine PORTFOLIO Ni BBA[Newmont a Renard Dimond Mele . 7 James ~~ e
Slide 20: Lithium Portfolio
Lithium Portfolio \ PN AZIMUT EXPLORATION ‘ 7 Galinée - Drill Core
Slide 21: James Bay Region: World-Class Emerging Lithium Province
Lr~ Shaakichiuwaanaan Lh James Bay Region: . | es a Oa tN AZM-SOQUEM JV Delmas World-Class Emerging y ——ee ‘ancet Adina Lithium Province L ; Winsome | Winsome Resources A AZIMUT HOLDS A SIGNIFICANT ni POSITION IN THE REGION _ pron . _ CORTE Bay : 4 as AZM-Rio Tinto option Renard Diamond Min Stornowa
Slide 22: Galinée Property (AZM-SOQUEM JV)
Galinée Property (AZM-SOQUEM JV) Figure as of May 8, 2024
Slide 23: Galinée Project - JORC Resource
24 » Galinée-Adina close-up, James Bay Region, Québec . Galinée Project % ‘ oy \ a . wT _ SIZEABLE MINERALIZED SYSTEM 3 “/ N = «63—-«s IDENTIFIED o ‘ JORC e . Resource , “tT , ‘ Pishel, 4 Galinée discovery likely to represent the y a southern extension of the Adina deposit ina Property (winsome) 4 8
Slide 24: Galinée Project - Phases 1 & 2 of Drilling
Section 668,435 E Adina Property (Winsome) Galinée Property (Azimut - SOQUEM JV) Property boundary Man cone zeol GAL23-014, — GAL23.012, 22.000 ENS seus moons Bim GAL24-025 GAL23-013 a 4 A ; 500 RL . ¢ J 4.63% Li2O / 17.5 m 2 / incl. 2.56% Lij0/ 5.2m Footwall f/f ane Zone < 4 L a &K 4 Z 4 200 RL x 4
Slide 25: Galinée Project - Phases 1 & 2 of Drilling
Section 668,535 E Adina Property (Winsome) Galinée Property (Azimut - SOQUEM JV) Property boundary 1 GAL23-001, Main Zone 1 GAL23-011, GAL23-009, B08 seco 24201 20.08 zeoos_ 2108 GAL24.018 GAL23.010 GAL24-019A GAL23-015 < > y 00 RL K KS » a4 "° < \Ake S 7 ‘ ye . 400 RL Footwall x & Zone se B ‘ “ K <
Slide 26: Pikwa Project
Pikwa Project ON STRIKE WITH THE LARGEST PEGMATITE RESOURCE IN THE AMERICAS 4 50/50 JV with SOQUEM 4 Same geologic trend as the Shaakichiuwaanaan project (formerly Corvette project) (Patriot Battery Metals) 4 14-km-long prospective zone on Pikwa 4 Detailed prospecting and till sampling program compl
Slide 27: Corvet and Kaanaayaa - Rio Tinto Option
526,000 00,000 CVS 4.45% LI20, 177 ppm Ta205 /84.0 m Discovery Area eae N ATTRACTING A MAJOR PLAYER IN —— zinuronne THE DISTRICT ay (Wingorne) a ani {2.19% Li20, 18 ppm Te208 /86.2 m /7-\as2% .i20 1669 fj ut, pm Ta08 4m /,|1.66°% 20, 193 ppen Ta208 158.7 m 222% Li20, 47 ppm Ta208 /70.1m 5,950,000 P
Slide 28: Pilipas Project
Pilipas Project A LITHIUM DISCOVERY IN THE MAKING 4 Optioned project operated by Ophir Metals 4 Two spodumene showings identified, with grades up to 3.47% Li,O 4 HW1 located 200 m east of the Billy Diamond Highway 4 Zone open to the northwest with a strike length of over 150 m and width of up to 30
Slide 29: Outstanding Field Season Will Drive Strong News Flow
Outstanding Field Season Will Drive Strong News Flow Drilling Programs Prospecting Phases A ELMER: 3,449m 4 17 active properties 4 PILIPAS: 2,000m 4 3,001 rock samples 4 KUKAMAS: 2,000m 4 WABAMISK: 5,000m 41,385 till samples 4 504 lake sediment samples ADVANCING TOWARDS THE NEXT DISCOVERIES 29 A LEA
Slide 30: azimut-exploration.com
ᓇᑯᕐᒦᒃ ᑭᓇᓈᐢᑯᒥᑎᐣ TSXV: AZM OTCQX: AZMTF azimut-exploration.com
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