Azincourt Energy Corp · TSXV:AAZ
Azincourt Energy — Investor Presentation (November 2022)
24 slides from Azincourt Energy's investor presentation, November 2022
Slide 1: Uranium Exploration & Development
November 2022 vvV URANIUM EXPLORATION & DEVELOPMENT TSX.V: AAZ OTCQB: AZURF FSE: A0U2
Slide 2: Disclaimer
DISCLAIMER vvV vvV This presentation does not constitute or form part of any offer for sale or solicitation of any offer to buy or subscribe for any securities in Azincourt Energy Corp nor shall it or any part of it form the basis of or be relied on in connection with or act as any inducement to ent
Slide 3: Mission
MISSION vvV vvV • Azincourt Energy Corp pursues exploration and development projects that anchor the company in a globally critical space. • Clean trend initiatives are driving a paradigm shift in how future energy needs will be met. • Demand for the raw materials needed to produce cleaner and more
Slide 4: Management
MANAGEMENT vvV vvV Alex Klenman – President, CEO & Director • Mr. Klenman is an experienced junior mining executive whose career spans over 30 years in the private and public sectors. • Over the past decade he has held and continues to hold leadership roles with numerous publicly traded resource com
Slide 5: Management
MANAGEMENT vvV vvV Ted O’Connor, P.Geo – Director • Over 25 years experience in the uranium/lithium exploration Industry including 20 years with Cameco Corporation. • Former CEO and current member of the Board of Directors of Plateau Energy Metals (TSX.V: PLU). • 17 years as Director, Corporate Deve
Slide 6: Industry Overview
INDUSTRY OVERVIEW vvV vvV • The uranium market is on the cusp of significant supply deficits that will not be able to meet rising nuclear power demand. • Production costs far exceeding selling prices for many of the world’s uranium miners has led to an over 20% reduction in uranium mining production
Slide 7: Project Portfolio
PROJECT PORTFOLIO vvV vvV East Preston Project - Saskatchewan, Canada • Azincourt controls majority interest (>70%) in the over 25,000-ha exploration project situated in the western Athabasca Basin, Saskatchewan, the world’s premier location for uranium mining • Large inventory of priority drill tar
Slide 8: The Athabasca Basin
THE ATHABASCA BASIN vvV vvV Saskatchewan, Canada World-Class District: The largest, highest grade, uranium deposits in the world with up to 100 times world average Production History: Uranium mining and production for 40+ years Stable Political Climate: Pro-mining attitudes and policies on federal a
Slide 9: Western Athabasca
WESTERN ATHABASCA vvV vvV Area Market Caps • NexGen Energy - $3.6B CDN • Orano (Areva) - $1.99B USD** • Cameco - $14.7B CDN • Fission - $663M CDN • Denison - $1.3B CDN • UEX Corp - Acquired • Skyharbour Resources - $61M CDN • Purepoint Uranium - $24M CDN • Fission 3.0 - $89M CDN • Azincourt Energy -
Slide 10: East Preston Project
EAST PRESTON PROJECT vvV vvV • Azincourt controls a minimum* 73.4% interest the Eastern portion of the Preston Project . • The Preston Project is one of the largest tenure land positions in the Paterson Lake region. • Strategically located near NexGen Energy Ltd’s high-grade Arrow deposit, Fission U
Slide 11: East Preston Project: Airborne Geophysical Surveys
EAST PRESTON PROJECT vvV vvV Airborne Geophysical Surveys • Uranium deposits are often associated close to basement conductive trends and represent a first order criterion for discovery • Identified Northeast striking conductive corridors through the central portion of the property. • A-G Trend • K-
Slide 12: East Preston Project: Ground Geophysical Surveys
EAST PRESTON PROJECT vvV vvV Ground based geophysical surveys • Gravity and HLEM surveys over identified airborne targets • multiple long linear conductors with flexural changes in orientation and offset breaks in the vicinity of interpreted fault lineaments – classic targets for basement-hosted unc
Slide 13: East Preston Project: Previous Drill Programs
EAST PRESTON PROJECT vvV vvV Previous Drill Programs • Prior to the recent drill program, 24 holes had been drilled at East Preston. This limited drilling confirmed basement lithologies and graphitic structures intersected at East Preston are very similar and appear to be analogous to the Patterson
Slide 14: East Preston: 2020-2021 Winter Drill Program
EAST PRESTON PROJECT vvV vvV 2020-2021 Winter Drill Program • 2021 drill campaign was a planned 10-12 hole, up to 2500m, diamond drill program targeting the conductive corridor from the A- Zone through to the G-Zone and was based on a compilation of results from the 2019 and 2020 drill programs, 201
Slide 15: East Preston: 2021-2022 Winter Drill Program
EAST PRESTON PROJECT vvV vvV 2021-2022 Winter Drill Program • 2021-2022 drill program completed in March 2022. • 5,004 meters drilled in 19 holes • Largest drill program to date at East Preston • Three target trends drill tested • G-Zone • K-Zone • H-Zone • Three alteration zones, totaling 1700 mete
Slide 16: East Preston: G-Zone
EAST PRESTON PROJECT vvV vvV G-Zone • 9 holes complete • Extensive hydrothermal hematite alteration and evidence of steep east-west trending cross-cutting structures in holes EP0030 and EP0037 • Hole EP0037 returned 14.6 ppm U and a U/Th ratio of 1.5, five times the expected values based on litholog
Slide 17: East Preston: K-Zone
EAST PRESTON PROJECT vvV vvV K-Zone • 6 holes complete • Extensive hydrothermal hematite alteration in all holes. Clay alteration present. • Alteration trend is at least 1,200 meters long • Localized elevated radioactivity in excess of 10x background in EP0035 • This zone returned 5.4 ppm U and a 1.
Slide 18: East Preston: H-Zone
EAST PRESTON PROJECT vvV vvV H-Zone • 3 holes complete • Covers a change in orientation of the conductive trend from north-south to southwest • Structural setting expected to be complex to facilitate the change in orientation • Thick hydrothermal alteration and an intense graphitic fault zone • May
Slide 19: East Preston
EAST PRESTON PROJECT vvV vvV East Preston • The discovery of these alteration zones, covering almost two kilometers within these separate zones is considered a significant development. • Alteration is associated with uranium deposition, acting as a halo proximal to and surrounding potential deposits
Slide 20: Hatchet Lake Uranium Project
HATCHET LAKE URANIUM PROJECT vvV vvV • Azincourt has entered into a definitive property option agreement with ValOre Metals Corp. pursuant to which the Company has been granted the option to acquire up to a seventy- five percent interest in the Hatchet Lake Uranium Project. • Hatchet Lake is 13,711-
Slide 21: Hatchet Lake Uranium Project
HATCHET LAKE URANIUM PROJECT vvV vvV • Located 39km along-trend from the Roughrider and Midwest uranium deposits and within 30km of Cameco’s Eagle Point uranium mine. • Hatchet Lake features multiple, shallow, unconformity-related basement uranium targets based on previous work by Hathor Exploration
Slide 22: Hatchet Lake Uranium Project
HATCHET LAKE URANIUM PROJECT vvV vvV • Two high-priority zones on the property have been identified; the Upper Manson and SW Scrimes zones. • Historical work includes soil, lake sediment, radon, and boulder sampling and 27 shallow diamond drill holes. Upper • Recent work includes 140 line-km of grou
Slide 23: Capital Structure
CAPITAL STRUCTRE vvV vvV As of Common Shares 227,308,125 Options to purchase common shares 5,116,000 Warrants to purchase common shares 103,143,539* • Current cash on hand - $11M • *Estimated Major Shareholder Ownership Major 30% Institutional Holders Insiders, Close Associates 10% Family & Friends
Slide 24: Corporate Communications Contact
vvV vvV vvV Suite 1430 – 800 West Pender Street Vancouver, B.C. V6C 2V6 Corporate Communications Danica Topolewski (604) 638-8063 info@azincourtenergy.com azincourtenergy.com azincourtaaz azincourtenergy TSX.V: AAZ OTC: AZURF FSE: A0U2 TSX.V: AAZ OTC: AZURF 23
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