Azimut Exploration, Inc. · TSXV:AZM

Azimut Exploration — Investor Presentation (November 2016)

23 slides from Azimut Exploration's investor presentation, Nov 21, 2016

  1. Slide 1: Azimut: Leading-edge exploration in Quebec

    Azimut: Leading-edge exploration in Quebec Jean-Marc Lulin President & CEO November 21, 2016 AZIMUT

  2. Slide 2: Azimut Exploration

    Azimut Exploration  Azimut in Quebec  Corporate Summary  Key Properties  2016 Work Program AZIMUT

  3. Slide 3: Quebec: Three attractive factors

    Quebec: Three attractive factors AZIMUT

  4. Slide 4: 1) Huge under-explored territory with favourable geology

    1) Huge under-explored territory with favourable geology AZIMUT

  5. Slide 5: Big Data Quebec: Outstanding database

    Geochemistry Rock sampling & surficial sediments geological observations Government surveys 1,031,800 points 500,000 samples over 1.5M km2 Azimut Exploration  Big Data Quebec 2) Outstanding database that Diamond drill holes Magnetic data 148,000 drill holes allows for efficient targeting for a tota

  6. Slide 6: 3) One of the best mining jurisdictions worldwide

    Active mines Ni-Cu-PGE Advanced projects 2014 Production Au: 41 t Ag: 96 t Co: 902 t Fe Cu: 39 352 t Ni: 42 974 t Zn: 122 143 t REE Fe: 28.1 Mt Fe-Nb: 4 916 t + non metallic commodities 3) One of the best mining Value: $8.5 billion jurisdictions worldwide 25 mined metals and industrial minerals Au D

  7. Slide 7: Corporate Summary: What defines Azimut?

    Corporate Summary What defines Azimut? 1) Processes big data to generate targets at the scale of Quebec [on the edge of exploration technology] 2) Develops partnership on these targets with major and junior companies [reducing the business risk in exploration] AZIMUT

  8. Slide 8: Corporate Summary

    Corporate Summary AZM : TSX-V  Company founded in 1986  45.4 million shares outstanding – never consolidated  53.3 million shares fully diluted, incl. 4.5 million warrants ($0.45)  Tightly held share structure: 53.8% of the shares owned by top shareholders: − 15.1% insiders − 28.0% Quebec’s inst

  9. Slide 9: Board and Management

    Corporate Summary Board and Management  Jean-Marc Lulin, PhD, geologist President & CEO, Director (Montreal)  Jean-Charles Potvin, B.Sc, MBA Director (Toronto)  Louis P. Salley, B.A., LL.B. Director (Vancouver)  Jacques Simoneau, PhD, Eng. Director (Montreal)  Moniroth Lim, CPA, CGA CFO & Corp.

  10. Slide 10: Corporate Summary

    Corporate Summary  Signing of 30 agreements in 12 years in Quebec, Canada − 10 agreements with major companies: Rio Tinto, Goldcorp, IAMGOLD, Hecla Mining, SOQUEM  $66.3 million in exploration work to date including $55.5 million funded by partners − Leverage effect: Partners / AZM = 5  $7.0 mill

  11. Slide 11: 20 properties, 5,728 claims

     20  20properties, properties,5,728 5,728claims claims  22ndnd largest  largestclaim claimholder holderin in Quebec Quebec AZIMUT

  12. Slide 12: Major results obtained by Azimut and partners since 2003

    Prospects Major results obtained by Azimut Copper and partners since 2003 Gold Nantais Belt: Au, Ag, Cu, Zn Uranium Ungava Bay uranium province: Polymetallic Rössing-type Rex Trend polymetallic province: Au-Ag-Te-Bi-Cu-W-Sn, IOCG & Intrusion-related systems Intrusion-related gold mineralization in t

  13. Slide 13: Key Properties

    Key Properties  Eleonore South, James Bay region  Rex South, Nunavik  Nantais, Nunavik AZIMUT

  14. Slide 14: Eleonore South

    Eleonore South  Located 8 km from the world-class Eleonore gold mine (8 Moz Au)  Adjacent to and on-strike with Cheechoo discovery  High-potential new targets  282 claims 147.6 km2  Azimut 26.6%, Goldcorp 36.7%, Eastmain 36.7%  Azimut is project operator AZIMUT

  15. Slide 15: Eleonore Gold Mine Area, James Bay Region

    T 76°30'W Drill hole (D) ¢ Collar location (Azimut's properties and Cheechoo property) Drilling results over core lengths (true widths unknown) Rock samples (Azimut and partners) © 21 g/tAu © 01-1g/Au OPINACA D (Azimut) “7.32 gftAu wa. © ° Eleonore Gold Mine Area James Bay Region, Quebec, Canada Ine

  16. Slide 16: Eleonore South

    Eleonore South  Main target area of 14 km2: 5,000 m of core drilling planned for 2016 (50% of the program already completed) − Strong Au-As anomaly in soil: footprint comparable in size and intensity to the Eleonore deposit − Potential for high-grade gold mineralization related to a tonalitic intru

  17. Slide 17: Footprint of the Eleonore Gold Deposit and Eleonore South Property

    Zz r Footprint of the Eleonore Gold Deposit and Eleonore South Property ELEONORE MINE (Goldcorp) Surface projection Proven and probable reserves: 28.32 Mt @ 5.87 git Au (5.35 Moz Au) Measured and indicated resources: 4.58 Mt @ 5.49 git Au (0.81 Moz Au) Inferred resources: 9.97 Mt @ 7.11 g/t Au (2.28

  18. Slide 18: Eleonore South 2016 Drilling Program (Phase 1)

    y Eleonore South Property (Azimut-Eastmain-Goldcorp JV) 2016 Drilling Program (Phase 1) T 438,500 Cheechoo Discovery ran Main drilled area Moni Prospect 419.22 g/t Au over 3.8 m (channel) 7.85 git Au over 3.4 m (channel) 49.18 git Au over 4.0 m (channel) 50.37 g/t Au over 3.5 m (channel) 8.88 g/t Au

  19. Slide 19: Rex South

    Rex South Au, Ag, Te, Cu, Bi, W, Sn  100% AZM 1,251 claims  30 km x 10 km intrusive complex  Original discovery through big data targeting  18 mineralized zones & prospects delineating a cumulative prospective length of 57 km  Target types: Intrusion-related gold- polymetallic deposits (ex: Don

  20. Slide 20: Nantais

    Nantais Au-Ag-Cu-Zn  100% AZM 286 claims  Original discovery through big data targeting  3 km x 200 m mineralized corridor  18-km cumulative length of airborne EM anomalies in 20-km- long prospective greenstone belt  Target type: Gold-rich VMS (ex: La Ronde Mine) AZIMUT

  21. Slide 21: 2016 Work Program

    2016 Work Program $3.3 million Budget Funding Work Eleonore South $2 million 26.6% AZM Prospecting AZM operator 36.7% ER 5,000 m of drilling 36.7% Goldcorp Opinaca B $760,000 100% Hecla Mining Prospecting Trenching JB Strategic $250,000 100% SOQUEM Geochemical Alliance AZM operator surveys Opinaca D

  22. Slide 22: Outlook

    Outlook  Eleonore South: Intrusion-related gold mineralization adjacent to the Eleonore Mine; drilling program underway  Big data crunching as an edge in generating high-quality targets, concurrent with partnership development  Strategic position in emerging world-class regions  Tight share stru

  23. Slide 23: Thank you! Merci!

    Thank you! Merci! AZIMUT

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