Azimut Exploration, Inc. · TSXV:AZM
Azimut Exploration — Investor Presentation (April 2025)
27 slides from Azimut Exploration's investor presentation, April 2025
Slide 1: A Leading Multicommodity Explorer
AZ | M U T TSXV: EXPLORATION OTCQX: A Leading Multicommodity Explorer April 2025
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: Highlights
28 properties y 16,201 claims Azimut: Highlights A UNIQUE EXPLORATION PORTFOLIO . Nuk 8,170 km? i i H ukamas A Maturing Exploration Portfolio (Nickel - Copper. PCE) —_ 4 2 Flagship Gold Projects Elmer (Gold) ] vn aties © Copper Elmer Au-Cu age ace Fa | fake, Hoc @ Nike ° @ Lithium © Other Wabamisk A
Slide 4: An Accelerating Rate Of Success
An Accelerating Rate Of Success WAPATIK GALINEE WABAMISK KUKAMAS NICKEL-COPPER LITHIUM GOLD-ANTIMONY NICKEL-PGE 4 A LEADING MULTICOMMODITY EXPLORER AZIMUT EXPLORATION | TSXV: AZM | OTCQX: AZMTF AZIMUT EXPLORATION
Slide 5: A Strategic Positioning in Quebec
A Strategic Positioning in Quebec ADDRESSING THE TECHNICAL AND FINANCIAL RISKS OF MINERAL EXPLORATION Au Commodity Exposure Others | +Sb 7 100% ~ Azimut . AZM- SOQUEM Li Rio Tinto option Ni “ KGHM option Ophir Other option Distribution based on number of claims oe A LEADING MULTICOMMODITY EXPLORER A
Slide 6: > 500 prospects identified
→ > 500 prospects identified →
Slide 7: Corporate Highlights
Corporate Highlights A SOLID FOUNDATION FOR FURTHER SUCCESS Capital Structure Cash CS9.4M Shares 85.7M Outstanding F/D: 92.5M ; CS0.48 Share Price 52-week H/L: C$0.78/ CS0.425 Market Cap ~CS41M A LEADING MULTICOMMODITY EXPLORER Share Ownership 22% 31% Quebec-based Institutional / Institutions HNW 5%
Slide 8: Multicommodity Exposure
Aluminum Molybdenum Multicommodity Antimony —] | Nickel Bismuth Niobium Exposure Cesium —— Phosphorus 4 KEY MINERAL Chromium ;-—— Platinum group metals SYSTEMS PROVIDING Cobalt Potash Copper —_}——__, \ / , Rare earth elements EXPOSURE TO 16 Fluorspar / — Scandum CRITICAL MINERALS Gallium / Silicon m
Slide 9: Exploration Catalysts for 2025
4 Exploration Catalysts for 2025 TURNING TECHNICAL SUCCESS INTO FINANCIAL SUCCESS WABAMISK -— Gold-Antimony » §,000m drill program completed » Drilling delineation of a multi-kilometre-long outstanding target ELMER - Gold, Copper-Gold » Scoping Study on Patwon Zone » Numerous polymetallic targets on
Slide 10: Azimut Exploration
AZIMUT EXPLORATION EEN
Slide 11: Elmer & Wabamisk Projects
Elmer & Wabamisk Project SOLE FUNDED GOLD PROJECTS 4 Gold focus exploration with exposure to antimony and copper 4 Located proximal to Eleonore Mine 4 Close proximity to excellent infrastructure 4 Sustainable relationships with the Cree First Nations 4 Building scale on the back of the Patwon Deposi
Slide 12: Wabamisk gold-antimony results map
BB 0.6% Cu, 0.5% 2n,6 gtAg 1.4 m (0) hoe / 0.4% Zn, 0.18% Pb, 18 gRAg//7.0 m (0) 3.92% Sb, 0.3 gft Au/ 14.0 m 24a gt Au (G) DOME incl. 14.84% Sb, 1.18 git Au /3.0 m(C) 3 breed 1.08% Sb, 0.53 git Au/ 22.7 m (0) So Perit Site aby ate git ft7-26 (0) 1.44% Sb, 5.76 ot Au (G) LATOUR g CEKSoe 4.69% Sb, 7.
Slide 13: Antimony-gold results map
24.8% Sb, 1.35 git Au (G) 19.65% Sb (G) 18.15% Sb (G) 17.65% Sb, 2.48 git Au (G) 17.1% Sb, 1.225 git Au (G) 14.95% Sb (G) 1.01% Sb, vec on Au tsa mH 051% sp 47s5m 0) 4\ 4.64% Sb (G) 0.52% Sb / 2.0 m (C) (open) 0.7 git Au, 0.39% Sb/ 19 m incl. 2.27 gft Au/ 4.3 m (D) | 1.08% Sb, 0.53 git Au / 22.70 m
Slide 14: Antimony: ~US$40,000/t
Global Mine Production Uses in United States Other 2024 Nonmetal Products 2024 10% Ceramics & Glass 21% Metal Products Russia 40% China 13% 60% 100,000 24,000 t/y t/y Tajikistan 17% Flame Retardant 39% USGS data Europe Price (99.65% Min) for Dec. 2024: ~US$40,000/t → 250% increase in 2024
Slide 15: Wolf North
310,000, Wolf North 5.09 gt Au, 172 git Ag, 7.53 % Cu (6) 4.65 gt Au, 160 git Ag, 7% Cu (G) 2.38 gt Au, 91.4 gt Ag, 4.71 % Cu(6) 253 gft Au, 824 git Ag, 1.3% Zn (6) 2.08 git Au, 111 gft Ag, 4.01 % Cu (6) 336,000 1 gltAu, 86 git Ag, 279 % Cu (G) 8 S 0.25 git Au, 115 ght Ag, 5.88 % Cu (6) 8 0.20 gt Au
Slide 16: Figure as of November 21, 2023
Figure as of November 21, 2023
Slide 17: Nickel-Copper Portfolio
Nickel-Copper Portfolio AZIMUT EXPLORATION
Slide 18: Kukamas Project
Kukamas Project A MAGMATIC NICKEL DISCOVERY 4 Optioned to KGHM in late 2022 and operated by Azimut 4 2023: VTEM™Plus survey (3,199 line-km) led to the discovery of new nickel-copper showing, correlated with a km-long electromagnetic conductor 4 2024: Prospecting program confirms significant potentia
Slide 19: Perseus Zone
PERSEUS ZONE Hole KUK24-007 6.06% Ni, 0.38% Cu, 3.34 g/t PGE, 0.20 g/t Au over 2.6 m (from 32.4 m to 35 m) including 19.6% Ni, 0.81% Cu, 9.43 g/t PGE, 0.58 g/t Au, 9.43 g/t Te over 0.75 m First-path assessment with 2,.000m program Two horizons open in all directions Best results: Fertile system: Hig
Slide 20: A Unique Nickel Portfolio
A Unique Nickel Portfolio STRATEGIC, LARGE-SCALE PORTFOLIO 4 Km-scale mafic to ultramafic intrusions represent underexplored target type in the James Bay Region 4 Defined by advanced processing of regional-scale data (AZtechMine™) 4 Targets with nickel, copper, cobalt, and PGE potential 4 Targeting
Slide 21: Lithium Portfolio
Lithium Portfolio \ PN AZIMUT EXPLORATION ‘ 7 Galinée - Drill Core
Slide 22: James Bay Region: World-Class Emerging Lithium Province
[A Ls / Shaakichiuwaanaan| ~*~ ,~¢ James Bay Region: . PIKWA i tN AZM-SOQUEM JV Delmas World-Class Emerging y— se —_—_e Lithium Province Gonos © Te nesouces AZIMUT HOLDS A SIGNIFICANT wn in : “a rat POSITION IN THE REGION . ston ORV ET Ba} 7 AZI ’ 2 { Renard Diamond Mini 4 7major projects identified
Slide 23: Galinée Property
Galinée Property (AZM-SOQUEM JV) Figure as of May 8, 2024
Slide 24: Lithos: extensive lithium targets
485,000 485,000 e 3.28% Li,0/4.06m(C) 7.43% Li0 (6) 2a L014 m(C) 722% LO (6) 4.94% LL0/3m(C)_ 6.4% LO (6) 1:79% LiO/284m(C) 6.16% L10 (6) 41.75% LO /9.83m(C) 5.21% Li (6) 1168% LiO/3m(C) 4.8% LAO (6) ro er 3.98% Li,0 (6) 3.55% LAO (6) | \ 3.18% Li0 (6)|\, 5,780,000 A S E in Li 4 in 5.57% Li,O (G) Oa
Slide 25: Figure as of December 9, 2024
See close-up Figures See close-up Figures Figure as of December 9, 2024
Slide 26: Summary
Summary AZIMUT IS RECOGNIZED AS AN EXPLORATION LEADER IN QUEBEC Sb-Au Drill Results Pending Review potential value creation with Patwon Zone Expand zone along strike and near surface Test well-defined surrounding targets Major new Ni-Cu discovery in partnership with KGHM Advance delineation of the z
Slide 27: azimut-exploration.com
ᓇᑯᕐᒦᒃ ᑭᓇᓈᐢᑯᒥᑎᐣ TSXV: AZM OTCQX: AZMTF azimut-exploration.com
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