Azimut Exploration, Inc. · TSXV:AZM
Azimut Exploration — Investor Presentation (April 2024)
32 slides from Azimut Exploration's investor presentation, April 2024
Slide 1: AZM
AZM TSXV: AZM OTCQX: AZMTF AZMTF
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
Azimut: A Strategic Positioning in Quebec LARGEST EXPLORATION PORTFOLIO IN A STABLE JURISDICTION A Flagship Gold Project 4 Elmer — Patwon Deposit A Significant Lithium Discovery 4 Galinée 2 Critical Metals Portfolios 1 JB Lithium / JB Nickel Strong Partnerships 4 SOQUEM (6 JVs / 1 option) 4 Rio Tint
Slide 4: Corporate Highlights
Corporate Highlights THE RIGHT INGREDIENTS FOR SUCCESS Capital Structure Share Ownership Analyst Coverage 22% 33% Yr eeocy Ee Working Capital CS7.2M Shares 85 4M Quebec based Institutional / Ne titutions Outstanding F/D:91.8M ome HNW Pearlree 5% C$0.72 i Share Price EE es aceon —) bB% Newsletters 12
Slide 5: Board and Management
Board and Management EXPERIENCED TEAM WITH A TRACK RECORD ~ ¢ @®) Jean-Marc Lulin, PGeo, PhD, President and CEO, Director _ ; Rock Lefrangois, P.Geo, VP Exploration £ Se ey eee See ee oa re uee a 4 35 years of international experience in the search, evaluation and development of | i its thi hi he Am
Slide 6: 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 t
Slide 7: Lithium Portfolio
Lithium Portfolio AZIMUT EXPLORATION
Slide 8: Quebec, a Leader in the Green Energy Transition
Quebec, a Leader stanley in the Green Aiport ¢ Power dam Energy Transition ower ine James Bay Lithium deposits & major occurrences Railway Azimut's lithium James Bay Lithium Mineral Province properties 4 Outstanding geologic context for LCT pegmatites 4 Initial exploration stage MINING 4 Sustainable
Slide 9: James Bay Region: World-Class Emerging Lithium Province
James Bay Region: World-Class Emerging Lithium Province AZIMUT HOLDS A SIGNIFICANT POSITION IN THE REGION 4 5 major projects identified as highly prospective for lithium 4 Two JV projects with SOQUEM in the immediate proximity of discoveries by Patriot Battery Metals and Winsome Resources 4 Two proj
Slide 10: Adina Zone
Adina Zone Adina Property (Winsome Resources) Galinée Property (AZM-SOQUEM JV) 5 km Figure as of October 23, 2023
Slide 11: Adina Property (Winsome)
Adina Property (Winsome) 250 m Figure as of February 23, 2023
Slide 12: Galinée Project: Successful Maiden Drill Program
Adina Property (Winsome) Main Zone nom 20m zoe 2005 mom moor _29000 “4 Xe Yy JA ¥ Ve / a, me VAX Y oy Footwall a « | Zone oa < ye voy, \ &£ ea : * MeL HB <1%L.0 mg SPecumene-bearing pegmatite from Galinée driling (results pending) From public data (Azimut processing) oe A LEADING MULTICOMMODITY EXPL
Slide 13: Galinée Project
GAL23-011 Galinée Project 5,000 m Phase | drill program completed GAL23-001 returned 2.48% Li,O over 72.7m Significant zone of spodumene pegmatites intercepted by Azimut, with mineralization recognized over 700 m laterally Zone remains open to the east and south Phase II drill program ongoing 13 LEA
Slide 14: Azimut-Rio Tinto Option
(Azimut-Rio Tinto Option) (Azimut-Rio Tinto Option) Figure as of July 10, 2023
Slide 15: Corvet and Kaanaayaa: Close Proximity to a Major Discovery
526,000 Corvette “core Discovery Area tos, POSITIONED IN CLOSE PROXIMITY TO A MAJOR DISCOVERY 4 Corvet 100% AZM — Rio Tinto Option 4 Prominent 26-km-long Li anomaly in lake sediments coupled with strong multi-element footprints for spodumene-bearing pegmatites 5,980,000 Cancet Property (Winsome) Pat
Slide 16: Attracting a Major Player in the District
525,000 600,000 Co rvette 1.45% Li20, 177 ppm Ta208 / 84.0 m| Discovery Area oer / | 2.43% Li2o, 163 ppm Ta206 / 86.2 m 2.12% L120 1156.9 m 1.61% Li20, 199 ppm Ta205 / 113.4m 165 % LI2O, 193 ppm Taz08 / 169.7 m 2.22% Li20, 147 ppm Ta205 170.1 m ‘Average 0.89% LIZO (4 samples) 3 5,980,000 ATTRACTING
Slide 17: Figure as of August 28, 2023
Figure as of August 28, 2023 430,000
Slide 18: JBL1 Project: Next Hot Spot?
375,000 400,000 JBL1 Project: Next Hot Spot? 375,000 400,000 375,000 400,000 (remote sensing) 870,000 5,845,000 e Pegmatite outcrop (historical) Possible pegmatite outcrop 5,870,000 5,870,000 5,845,000 5,845,000 ‘375/000 “400/000 Topography ‘375/000 “400/000 ‘375/000 “400/000 Lithium Cesium Lake-bot
Slide 19: Elmer Gold Discovery
~~ ~*~ —_ Elmer Gold Discovery Aaa ~
Slide 20: Elmer Gold Project
w Chisasioi Elmer Gold . Project QUALITY GOLD ASSET IN THE JAMES BAY REGION o 4 Drilling discovery in 2020 4 Initial Resource Estimate in 2023 4 Located 100 km west of the Eleonore Gold Mine (Newmont), James Bay Region James Bay Eastmain @ \ 4 Close proximity to excellent infrastructure 4 Paved high
Slide 21: Figure as of November 21, 2023
Figure as of November 21, 2023
Slide 22: Figure as of November 21, 2023
Figure as of November 21, 2023
Slide 23: Other Exploration Activities
Other Exploration Activities AZIMUT EXPLORATION
Slide 24: Leveraging Three Active Partnerships in the James Bay
Exploration cay. Partnerships \ LEVERAGING THREE ACTIVE PARTNERSHIPS IN THE JAMES BAY LEGEND Wapatik Nickel/Copper Project ; aN rem] e hall 4 A Ni-Cu discovery — 2.68% Ni, 1.30% Cu, vena ~~ 5 \ © Vilage/Aiport 0.09% Co over 3.30 m 1 \ Eleonore Gold © iycro-tectic dam eine at Wes 4 Option to Mont Roy
Slide 25: Kukamas Project
415,000 450,000 Kukamas Project A HIGHLY PROSPECTIVE AND UNDEREXPLORED GREENSTONE BELT 18% Cu/03m(0) {0s %ou(@) {0.5 ptau.083% cu(6) 33% 6u,177 9189.6) . 286% cu ()} [estates i 4.45 git Au (G)|—\ 5.6 git Au (G) $ 0.39% Cu(G) 2.0% Cu(G) 4 Large property package: 41 km strike length 090% Cu16)} [rss H
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 Unique Nickel Portfolio
f Ly~ *ee a A Unique Nickel Tukonss — iat Soauem vO ere [AEM SOCUEM BY B22 ouen e —~ ee sae Portfolio [Corvet pzv-riorinte é ° o ices at Bee STRATEGIC AND PROSPECTIVE ~ Booed] gi? @ ° eee aueM sv Mine PORTFOLIO @ @lNewmont e Renard Diomend Mine Le . . James - @ . e 4 Km-scale mafic to ultramafic Bar
Slide 28: Rex Trend: Giant Copper Footprint
Rex Trend: Giant | — a Copper Footprint 30 a 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 10C
Slide 29: Summary
Summary MINIMUM $10M EXPLORATION BUDGET FOR 2024, incl. $6M PARTNER-FUNDED . Galinée Expand along strike and : . near surface Pikwa /Pontois Pence) LGreincieye! Major positioning for Wapatik / Pilipas critical metals Test well-defined surrounding targets “eulcannee A LEADING MULTICOMMODITY EXPLORER
Slide 30: azimut-exploration.com
ᓇᑯᕐᒦᒃ ᑭᓇᓈᐢᑯᒥᑎᐣ TSXV: AZM OTCQX: AZMTF azimut-exploration.com
Slide 31: Board and Management
Board and Management EXPERIENCED TEAM WITH A TRACK RECORD ~ ¢ @®) Jean-Marc Lulin, PGeo, PhD, President and CEO, Director _ ; Rock Lefrangois, P.Geo, VP Exploration £ Se ey eee See ee oa re uee a 4 35 years of international experience in the search, evaluation and development of | i its thi hi he Am
Slide 32: 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 t
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