Azimut Exploration, Inc. · TSXV:AZM
Azimut Exploration — Investor Presentation (July 2023)
32 slides from Azimut Exploration's investor presentation, July 2023
Slide 1: A Leading Multicommodity Explorer
AZIMUT tsxv EXPLORATION OTCQx: A Leading Multicommodity Explorer Gold, Copper, Nickel, Lithium July 2023
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: What Sets Azimut Apart?
© Main Tuan ildi Quality _Elmer Buildi ng Exploration Discovery 3 B locks roe Flagship Gold Project AZtechMine™ WHAT SETS AZIMUT vere Quebecfor 100% owned Predictive modelling APART? Au, Cu, Ni, Li oe A LEADING MULTICOMMODITY EXPLORER AZIMUT EXPLORATION | TSXV: AZM | OTCQX: AZMTF /\ AZIMUT EXPLORATI
Slide 4: Strategic Exploration Portfolio
Strategic Exploration Portfolio LARGEST POSITIONING INA STABLE JURISDICTION 4 Multicommodity exposure 4 Quebec is a premier mining jurisdiction Fraser Institute: #3 in Canada / #8 worldwide - Flagship Project: Elmer Gold Discovery - Critical Metals Portfolios: JB Nickel / JB Lithium - Multiple Partn
Slide 5: Corporate Highlights
Corporate Highlights THE RIGHT INGREDIENTS FOR SUCCESS Capital Structure Working Capital CS6.5M Shares 799M Outstanding F/D: 85.6M ; C$1.22 Share Price 52-week H/L: C$1.80 / C$0.49 Market Cap ~CS100M Working Capital asatFeb 28,2023: Shores Outstanding as at June 15, ‘ed for $21M tax credit subsequen
Slide 6: Management
Management Directors ~~ A LEADING MULTICOMMODITY EXPLORER AZIMUT EXPLORATION | TSXV: AZM | OTCQX: AZMTF 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
Slide 7: A Key Exploration Player in Quebec
A Key Exploration Player in Quebec 20-YEAR HISTORY OF PARTNERSHIPS AND EXPLORATION SUCCESSES 2003 2005 2007 2010 2011 2015 2017 2019 2021 2004 2006 2008 2012 2016 2018 2020 2022 New “ Targeting the “Discovery of the Year’ leadership - New partnerships canpector Elmer gold award for the Patwon Zone S
Slide 8: Elmer Gold Discovery
~~ ~*~ —_ Elmer Gold Discovery A Feces ~
Slide 9: Elmer Gold Project
Kukamas Radisson c @ LAZM-KGHM Option Elmer Gold . Project A POSITIONED TO BE A MAJOR a ® GOLD ASSET IN QUEBEC ae “i [78 Lithium] hay Vi Eleonore Gold 4 Drilling discovery in 2020 vil Mine Aggressively advanced ever since James Munischiwan 4 Located 100 km west of the AZM-SOQUEM JV| i Eleonore Gold
Slide 10: Elmer Property drill results
306,000 340,000 za me 0.5 git Au, 45.0 git Ag / 30m (D) _—_ Bart were a Esea ee : Teens sais : Caan H sezgrauG) 10252 91Av, 199919 (6) o 18.55 ott Au (G) Pama 0.45 gt Au, 10.2 git Ag, 0.43% Cu / 4m (D) a ean am nai ecm mer Proper seen man nos seme East Zone =. 3 g/tAu(G) 2.34 gt AU, 182 gitAgi 0.5m
Slide 11: Elmer: 2023 Objectives
Elmer: 2023 Objectives Patwon Gold Zone: Delineation of a maiden NI 43-101 compliant gold resource Camp-scale Exploration: Defining and drill testing additional mineralized zones > Crystallizing the value > Outlining the full potential of the Patwon Gold Zone of the Elmer Gold Project " A LEADING MU
Slide 12: Elmer Property, Patwon Gold Zone
318,500 A A A Elmer Property, Patwon Gold Zone A James Bay Region, Québec A Vertical projection A A A of the mineralized zone A A A A A Drill hole location and ! ! A A ! vertical projection of 318,000 A 318,750 319,500 A the gold intercepts A Selected drill intercepts (D), channels (C) and grabs (G)
Slide 13: An Orebody in the Making
An Orebody in the Making Longitudinal View Looking Northwest 12.85 git Au(G) 1.68 git Au (G) 2.06 git Au (6) 12.6 git Au(S) 8.21 git Au (G) 6.12 git Au () 1.775 git Au() 6.7 git Au (6) ELM20-043 4.90 git Au/ 4.70 m ELM21-088 122.gh Au /0.50 m ELM20-022 3.38 oft Au /2.40m ELM22-202 4.29 of Au/0.95 m
Slide 14: Camp-Scale Exploration Upside
Camp-Scale Exploration Upside REPRODUCING THE PATWON’S SUCCESS 4 Greenstone orogenic deposits rarely occur in isolation 4 12 priority sectors identified and tested along strike and subparallel to Patwon 4 ~22,000 m in 105 holes 4 Patwon East, Gabbro Prospect, Patwon West and Wolf Prospect prioritize
Slide 15: Camp-Scale Exploration Upside
Camp-Scale Exploration Upside Elmer - Priority Corridor Identified Prospects 346,000 323,000 6,802,000 REPRODUCING THE PATWON’S SUCCESS 4 Greenstone orogenic deposits rarely occur in isolation 4 12 priority sectors identified and tested along strike and subparallel to Patwon 4 ~22,000 m in 105 holes
Slide 16: Patwon Gold Zone
Patwon Gold Zone Geometric Continuity Outstanding geometric continuity from surface and down to 860 m Open Pit and Underground Potential for combined open pit and bulk underground mining Wide Mineralized Envelope Wide mineralized envelope (>2 g/t Au) including consistent high-grade zones (>5 g/t Au)
Slide 17: Regional Assessments for Critical Metals
=~ we Ga Regional Assessments for Critical Metals JN AZIMUT Lithium - Nickel EXPLORATION AZtechMine™ PREDICTIVE MODELLING THAT WORKS o
Slide 18: James Bay: World-Class Emerging Lithium Province
Pontois AZM-SOQUE! Dalmas GR A2v-soquem iv ete GALINEE Kakamas James Bay Region: ie TNO fe coca] AZM-KGHM option. World-Class Emerging y Lithium Province AZIMUT HAS THE LARGEST LAND so a —— HOLDINGS IN THE REGION J Oo cap ca eee 4 S major projects identified as highly Munischivion & f ma Mining pros
Slide 19: Corvette Discovery Area
Corvette Discovery Area POSITIONED ON STRIKE AND CLOSE PROXIMITY TO A MAJOR DISCOVERY 4 Pikwa (50/50 JV with SOQUEM): 4 Same geologic trend hosting the Li-bearing pegmatite bodies at Corvette (Patriot Battery Metals) and Cancet (Winsome) 4 Data strongly suggest the existence of a 14-km-long strike e
Slide 20: Corvette Discovery Area
525,000 600,000 2.19% Li20, 169 ppm TaZ05 / 86.2 m Corvette Discove ry Area Bie Peo RF eh aa, pre Fd 0.93% Li20, 114 ppm Ta208 / 148.8 m 165 % Li20, 193 ppm TaZ05 / 159.7 m 1.66% L120 /22.6 m 1.48% LI20, 177 ppm Ta208 / 84.0 m 6,980,000 2.22% Li20, 147 ppm Ta208 /70.1m [Average 0.88% Li20 (4 samples
Slide 21: Adina Discovery Area
645,000 635/00 Ad i na Di scove ry Are a : Galinée Property Area, James Bay Region, Québec POSITIONED ADJACENT TO A : ee: - e SIGNIFICANT LITHIUM DISCOVERY Co Giinsome Resouces) 6.916.000 4 Galinée is a large property package: 33 km strike length 4 50/50 JV with SOQUEM 4 Immediately south of Adina p
Slide 22: Galinée: Maiden Drill Program Planned
Adina Property (Winsome) Galinée Property (Azimut - SOQUEM JV) ae Galinée Project 7 Main Zone SOR MAIDEN DRILL PROGRAM PLANNED potential S. for subparallel .~. 400 RL s. 4 1,500m drill program scheduled for August Footwall Zone “s. won 4 Program to test the down-dip extent of the \ discovery reporte
Slide 23: Generating a Unique Nickel Portfolio
Po eo, 9 AZM-SOQUEM JV/™ @ Pikwo A AZM-SOQUEM JV Dolmas Wi |azw-soquem sv Generating a Unique =... Nickel Portfolio ov e STRATEGIC AND PROSPECTIVE aan’ Eeonore 60] @ e fReneSOquEM IV PORTFOLIO Newmont e Renard Diamond Mine 4 Km-scale mafic to ultramafic bay” Manechivan ° intrusions represent underex
Slide 24: Partnered Exploration Activities
Partnered Exploration Activities AZIMUT EXPLORATION
Slide 25: Leveraging Two Active Partnerships
Lane _ teas 956° KUKAMAS AZM/KGHM option Exploration a Partnerships LEVERAGING TWO ACTIVE $ Ca) PARTNERSHIPS QS @ Mine Wapatik Nickel Project a NL fi8 Lithium] = Ap Wemindji. Village/Airport 4 ANi-Cu discovery ~ 2.68% Ni, 1.30% yan Monore Gold © tpseketic can Cu, 0.09% Co over 3.30 m It Newmont _ an
Slide 26: Wapatik Project
Wapatik Project UNCOVERING A NEW NICKEL COPPER TARGET 4 High resolution mag survey identified a previously unrecognized kilometer-scale ultramafic intrusion 4 Initial prospecting confirmed presence of copper and nickel mineralization 4 High grade Nickel-Copper massive sulphide discovered in maiden p
Slide 27: A Successful Maiden Drill Program
W1 Ultramafic Intrusion - Wapatik Property James Bay Region, Québec p Caney A Successful Maiden Drill Program ENCOURAGING RESULTS TO DATE 4 Drilling has identified significant Ni-Cu mineralization related to an ultramafic intrusion 900 m long x 400 m wide 4 Interpreted as a folded synvolcanic sill 1
Slide 28: Kukamas Copper/Gold Project
415,000 450,000 5,960,000 1.8% Cu / 0.3 m (C) 5,955,000 0.5 g/t Au, 0.83% Cu, 0.3 g/t Ag (G) 1.03 % Cu (G) 0.82% Cu, 1.2 g/t Ag (G) 3.3% Cu, 17.7 g/t Ag (G) ! ! 0.66 % Cu, 7.4 g/t Ag (G) !!! ! !! ! ! 10.63 g/t Au, 4.9 g/t Ag (G) ! ! ! ! ! ! 1.96% Cu, 0.4 g/t Au, 30 g/t Ag / 1 m (C) ! ! ! ! !! ! ! !
Slide 29: Rex Trend: Giant Copper Footprint
Rex Trend: Giant | — a Copper Footprint 30 a re UNLOCKING THE POTENTIAL OF A WORLD-CLASS TARGET 4 330 km x 30 - SO km lake-bottom sediment anomaly 4 > 30 mineralized zones (Cu-Au) 4 Underexplored giant target for critical and strategic minerals: Cu, W, Sn, Bi, Be, Te, Re, In, REE 4 Potential for: 4
Slide 30: Project Pipeline and 2023 Plans
Project Pipeline and 2023 Plans Maiden resource estimate 9 Elmer Au in progress / Follow up drill program 100% AZM Kukamas Cu-Au, Ni-Cu Geophysics / Prospecting KGHM Option Wapatik Ni-Cu, Au Follow-up drilling / Prospecting Mont Royal Option Pikwa Li, Cu-Au Remote sensing / Prospecting / aH SOQUEM J
Slide 31: Summary
Summary MULTIPLE CATALYSTS IN PLACE Maiden resource estimate Strong potential for additional discoveries First lithium focused prospecting and drilling programs Follow up drilling Property-wide program District scale potential Major positioning for critical metals Low-cost exposure to potential new
Slide 32: azimut-exploration.com
ᓇᑯᕐᒦᒃ ᑭᓇᓈᐢᑯᒥᑎᐣ TSXV: AZM OTCQX: AZMTF azimut-exploration.com
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