Azimut Exploration, Inc. · TSXV:AZM
Azimut Exploration — Investor Presentation (June 2020)
35 slides from Azimut Exploration's investor presentation, Jun 3, 2020
Slide 1: A Key Player in the Mining Sector in Quebec
A Key Player in the Mining Sector in Quebec TSXV: AZM June 3, 2020
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 in Quebec, Canada
Azimut in Quebec, Canada James Bay ➢ Elmer (100% AZM): Flagship ➢ Pikwa (SOQUEM / AZM Option) ➢ Key Properties Nunavik ➢ Rex (AZM / SOQUEM Option) ➢ Rex South (AZM / SOQUEM Option) ➢ Highlights & 2020 Outlook
Slide 4: Property Portfolio in Quebec
PROPERTY PORTFOLIO IN QUEBEC Rex (Cu-Au) Rex South (Cu-Au) Pikwa (Cu-Au) Elmer (Au) Montréal 30 properties 11,495 claims 5,526 km2
Slide 5: Pikwa and Elmer
Pikwa Éléonore (Newmont) Elmer Seven discovery holes incl. 3.15 g/t Au / 102.0 m 100 km
Slide 6: Elmer Property
T 5,815,000 5,790,000 T 305,000 l Silver Zone / Silver Zone NW / Andesite 3.1 git Au (G) 2.34 g/t Au, 18.2 g/t Ag / 0.5 m (C) 0.45 gitAu, 10.2 g/t Ag, 0.43% Cu/ 1m (D) 0.76% Zn, 0.24% Cu/9.7 m(D) Elmer Property James Bay Region, Québec West Zone / Vein Zone 4.65 git Au, 160 g/t Ag, 7% Cu (G) 60 g/t
Slide 7: Elmer Gold Property
T 318,600 SS Elmer Gold Property James Bay Region, Québec Patwon Discovery If 22.4 gitAu/2.95m(C) 0.62 g/t Au/ 101.3 m(D) s 36.3 g/t Au / 2.0 m (C) 3.15 g/t Au / 102.0 m (D) a] 9.52 git Au/ 7.1 m(C) 2.84 g/t Au / 108.2 m (D) = 9.56 g/t Au / 5.36 m (C) 1.68 g/t Au / 97.0 m (D) — 3.36 gitAu/10.32m(C)
Slide 8: Elmer Gold Property, Patwon Discovery
aiaeb eee ” Li Elmer Gold Property James Bay Region, Québec Patwon Discovery ELM19-001 : 0.62 g/t Au/ 101.3 m ELM19-002: 3.15 g/t Au/ 102.0 m ELM19-003 : 2.84 g/t Au / 108.2 m ELM19-004:; 1.68 g/t Au/97.0m ELM19-005: 1.54 g/t Au/54.1m ELM19-006 : 1.15 g/t Au / 129.0 m ELM19-007 : 1.93 g/t Au/ 82.0m
Slide 9: Patwon Discovery
5,800,500 5,799,000 T 317,000 Patwon 22.1 g/t Au / 2.95 m (C) 36.3 g/t Au / 2.0 m(C) 9.52 g/t Au/ 7.1 m(C) 9.56 g/t Au / 5.36 m (C) 3.36 g/t Au / 10.32 m(C) 1.10 g/tAu / 18.03 m (C) 22.54 g/t Au / 1.63 m(C) 320,000 Elmer Property, Patwon Discovery James Bay Region, Québec 3.15 g/t Au / 102.0 m (D) 2
Slide 10: Patwon Discovery
5,800,500 5,799,000 T 317,000 Patwon 22.1 git Au/ 2.95 m (C) 36.3 git Au / 2.0 m (C) 9.52 git Au/ 7.1 m (C) 9.56 git Au / 5.36 m (C) 3.36 g/t Au / 10.32 m (C) 1.10 g/tAu / 18.03 m (C) 22.54 git Au / 1.63 m (C) Elmer Property, Patwon Discovery James Bay Region, Québec 0.62 git Au/ 101.3 m (D) 3.15 gi
Slide 11: Elmer Property, Patwon Discovery
Elmer Property, Patwon Discovery James Bay Region, Québec AZIMUT T 319,300 EXPLORATION ELM19-007 : 1.93 g/t Au /82.0m ELM19-001 : 0.62 g/t Au/101.3m including 3.46 git Au /44.1 m ELM19-002: 3.15 gitAu/ 402.0 m (See Figure 8) ELM19-003 : 2.84 gitAu/ 108.2 m ELM19-004 : 1.68 gitAu/97.0m ELM19-005 : 1.
Slide 12: Elmer Property, Patwon Discovery
Elmer Property, Patwon Discovery James Bay Region, Québec Mag Total Field 5,800,250 fia ss IP Gold Index cafe = Gold Assay 3° | z | Lf | 3° | Profondeur (m) 5,800,000 IP 2D SECTION VIEW OF CHARGEABILITY Hole ELM19-007 Elevation (m) ng Eg B 5800230 318760 5800160 N 318830 E 5800150 N = 318840 E (mv)
Slide 13: 0.62 g/t Au / 101.3 m
0.62 g/t Au / 101.3 m 2.84 g/t Au / 108.2 m including 254.0 g/t Au / 0.5 m 4.65 g/t Au / 29.0 m 3.15 g/t Au / 102.0 m including 10.1 g/t Au / 20.5 m 20 m
Slide 14: 1.68 g/t Au / 97.0 m
1.68 g/t Au / 97.0 m including 4.16 g/t Au / 15.5 m 1.15 g/t Au / 129.0 m 7.85 g/t Au / 5.5 m including 3.38 g/t Au / 25.3 m 1.49 g/t Au / 33.5 m 1.54 g/t Au / 54.1 m including 2.53 g/t Au / 13.5 m 3.91 g/t Au / 5.6 m 20 m
Slide 15: 1.93 g/t Au / 82.0 m
1.93 g/t Au / 82.0 m including 3.46 g/t Au / 44.1 m 20 m
Slide 16: Hole ELM19-003
Hole ELM19-003: Native gold in quartz carbonate veinlet at 34.6 m 254.0 g/t Au over 0.50 m 16
Slide 17: Hole ELM19-004
Hole ELM19-004: Native gold in milky quartz vein with tourmaline selvages at 16.2 m. 28.7.0 g/t Au over 0.50 m 17
Slide 18: Hole ELM19-006
Hole ELM19-006: Native gold in a pyritic stringer in felsic intrusion at 70.7 m 121.0 g/t Au over 0.50 m 18
Slide 19: Patwon Prospect, June 19 2019
54.6 g/t Au (grab) 9.52 g/t Au / 7.1 m (channel CH-11) 22.1 g/t Au / 2.95 m (channel CH-09) 36.3 g/t Au / 2.0 m (Channel CH-10) Patwon Prospect, June192019
Slide 20: Elmer Gold Discovery
Elmer Gold Discovery Why Patwon can potentially be a Multi-Million Ounce Gold Discovery (based on initial results and interpretation) 1) Seven drill holes proving sizeable mineralization, well-correlated with extensive surface sampling, widely open along strike (minimum ~200 m strike), widely open a
Slide 21: Elmer Gold Discovery
Elmer Gold Discovery Other insights about this discovery - Pyrite (1% to 30%) is the dominant sulphide as disseminated coarse grains and as stringers; the induced polarization (“IP”) survey currently underway appears to be an appropriate method to characterize the mineralization footprint of the Pat
Slide 22: Pikwa Property
T 525,000 Pikkwa Property Azimut - SOQUEM Strategic Alliance, James Bay Region, Québec EM conductors e 8 Ss a s COPPER MINERALIZATION Prospective Trend @ 205% Cu up to 20.1% Cu (59 outcrops and boulders) Electromagnetic conductor (VTEM) © In-fill (AZM) + regional lake-bottom sediment samples (MERN)
Slide 23: Up to 20.1% Cu
Copper Up to 20.1% Cu (boulder) Mineralization Up to 9.81% Cu, 13.45 g/t Au (outcrop)
Slide 24: Pikwa Property, Copperfield Trend
Pikwa Property, Copperfield Trend Azimut - SOQUEM Strategic Alliance, James Bay Region, Québec 550,000 L COPPER MINERALIZATION @ 20.5% Cu up to 20.1% Cu (69 outcrops and boulders) Contour of the soil copper anomaly Apparent Chargeability See Figure 8 425 500 675 625 075 725 775 eB O45 025 ° q 3 i oi
Slide 25: Pikwa Property, East-Copperfield Trend
Pikwa Property, East-Copperfield Trend Azimut - SOQUEM Strategic Alliance, James Bay Region, Québec MINERALIZATION > 0.5% Cu and/or 2 0.5 git Au and/or > 10.0 gt Ag and/or 2 0.05% Mo Apparent Chargeability 4435 500 575 625 075 725 775 sles 026 975 1025 11001295 20.1% Cu, 0.83 git Au, 39.2 git Ag (b)
Slide 26: Pikwa Property, East-Copperfield Trend
Pikwa Property, East-Copperfield Trend Azimut - SOQUEM Strategic Alliance, James Bay Region, Québec 549,000 552,000 Interpolated Soil L samples (B horizon) MINERALIZATION 8.99% Cu, 1.89 git Au, 28.3 git Ag (b) | (percentile)'- COPPER Zoseecusnaver 9.81% Cu, 13.45 git Au, 37.6 git Ag (0) 100% > 0.5 g
Slide 27: Rex Trend – Giant Copper Footprint
Rex Trend – Giant Copper Footprint Rex & Rex South Properties To Unlock Potential Of A World -Class Target Quebec-scale Copper Target REX TREND ➢ 330 km long by 30 to 50 km wide lake-bottom sediment anomaly ➢ Underexplored, neglected giant target ➢ >30 mineralized zones (Cu-Au) ➢ $40 million option
Slide 28: Rex Rex South
Rex Main Mineralized Prospects Gold >= 1 g/t Au (up to 580 g/t Au) and/or Copper >= 0.5 % Cu (up to 13.65% Cu) See Press Release of January 7, 2020 Rex South 30 km
Slide 29: Rex
Rex Au, Ag, Cu ➢ 30 km long prospective corridor with numerous high-grade prospects ➢ 20 mineralized zones ➢ Grabs up to: 580 g/t Au, 915 g/t Ag, 13.65% Cu ➢ Planned work (2020): DRILLING
Slide 30: Rex South
Rex South Au, Ag, Cu, W, REE ➢ 15 km by 5 km intrusive complex ➢ ± 60 km cumulative length of mineralized zones and highly prospective targets ➢ Grabs up to: 23.3 g/t Au, 124 g/t Ag, 102.5g/t Te, 9.28% Cu, 4.72% W, 2.58% Sn ➢ Planned work (2020): DRILLING 200 km
Slide 31: Rex South
Rex South Au, Ag, Cu, W, REE ➢ 15 km by 5 km intrusive complex ➢ ± 60 km cumulative length of mineralized zones and highly prospective targets ➢ Grabs up to: 23.3 g/t Au, 124 g/t Ag, 102.5g/t Te, 9.28% Cu, 4.72% W, 2.58% Sn ➢ Planned work (2020): DRILLING 200 km
Slide 32: Highlights
Highlights • AZM founded in 1986 - 65.7 M shares outstanding (70.2 M fd) • Capital structure never consolidated - Float: ~ 21 M shares Ownership: - 5% insiders, - 31% Quebec-based institutions, - 27% corporate & private investors • $8.0 million working capital, no debt • One of the lowest share dilu
Slide 33: Highlights
Highlights • Quebec: One of the top mining jurisdictions in the world • Holder of the largest exploration portfolio in the province • Core business since 2003: Predictive modelling applied to mineral exploration alongside partnership development • Discovery of 400+ mineral prospects as a direct resu
Slide 34: Highlights 2020 Outlook
Highlights 2020 Outlook $10.5 million planned exploration budget ➢ ELMER (Au) $4,500,000 Drilling >10,000 m ➢ Pikwa (Cu-Au) $750,000 Drilling 2,000 m ➢ Munischiwan (Cu-Au) $500,000 Drilling 1,200 m ➢ Rex, Rex South, Nantais $4,000,000 Drilling 4,200 m (Au, Cu-Au) ➢ Other (Au, Cu-Au, Ni) $300,000 Geo
Slide 35: Thank you! Merci!
Thank you! Merci ! ᓇᑯᕐᒦᒃ ᑭᓇᓈᐢᑯᒥᑎᐣ 35
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