Azimut Exploration, Inc. · TSXV:AZM
Azimut Exploration — Investor Presentation (October 2023)
25 slides from Azimut Exploration's investor presentation, Oct 29, 2023
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 Rex Trend (Copper-Gold) 31 properties 16,786 claims 8405 km? A Flagship Project 4 Elmer Gold Discovery JB Lithium: 13 blocks 2 Critical Metals Portfolios 4 JB Lithium / JB Nickel Strong Partnerships 4 SO
Slide 4: Corporate Highlights
Corporate Highlights THE RIGHT INGREDIENTS FOR SUCCESS Capital Structure Working Capital ~CS10M Shares 85.2M Outstanding F/D: 91.8M CS0.90 Share Price 52-week H/L: CS1.80 / CS0.49 Market Cap CS75M Working Capitat Estimated after completion of $8.18M financing Shares Outstanding as at October 27, 202
Slide 5: Lithium Portfolio
Lithium Portfolio AZIMUT EXPLORATION
Slide 6: 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 7: James Bay Region: World-Class Emerging Lithium Province
James Bay Region: World-Class Emerging Lithium Province AZIMUT HAS THE LARGEST LAND HOLDINGS 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 pro
Slide 8: Adina Zone
Adina Zone Adina Property (Winsome Resources) Galinée Property (AZM-SOQUEM JV) 5 km Figure as of October 23, 2023
Slide 9: 26.85 m 8.9 m 78.4 m
26.85 m 8.9 m 78.4 m Figure as of October 23, 2023
Slide 10: Galinée Project
Galinée Project SIGNIFICANT EXPLORATION POTENTIAL 4 Large property package: 33 km strike length 4 20-km long lithium prospective trend, spatially associated with well- defined and coincidental anomalies in pathfinder elements (Cesium, Rubidium, Gallium, Tin) 4 Anomalies are also well correlated with
Slide 11: Figure as of July 10, 2023
(Azimut-Rio Tinto Option) (Azimut-Rio Tinto Option) Figure as of July 10, 2023
Slide 12: Corvet and Kaanaayaa Projects
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 13: Figure as of August 28, 2023
Figure as of August 28, 2023 430,000
Slide 14: Elmer Gold Discovery
~~ ~*~ —_ Elmer Gold Discovery Aaa ~
Slide 15: Elmer Gold Project
Elmer Gold Project POSITIONED TO BE A MAJOR GOLD ASSET IN QUEBEC 4 Drilling discovery in 2020 4 Located 100 km west of the Eleonore Gold Mine (Newmont), James Bay Region 4 Close proximity to excellent infrastructure 4 Paved highways 4 Powerlines 4 Airports 4 Support from Cree First Nations & Chisasi
Slide 16: Figure as of June 29, 2023
306,000 z> Wolf Prospect 19.25 gRAu/ 1.0m (C) 340,000 \A-21 Zone 05 gitAu, 45.0 gitAg (30m (D) 0.36 q1 Au !31.0m (0) 21 gitAu, 50% Zn/1 m(D) 2 Bata trem) 0. grav! 11 miD) fy giauionm®) | & ee 102.52gH Au, 199 91g (6) 3 atAu(e) Pa (145 gt Au, 102 gt Ag, 043% Cut m [ABOYATI) _ 4.65 g/t Au, 160 git Ag,
Slide 17: Patwon Gold Zone
Vertical projection 22 ofthe mineralized An Orebody ocemee vertical projection of 318,000 31,750 the gold intercepts, \ in the Making sua ‘channels (C) and grabs (G) @ >5.0gtAu FOLLOWING PREDICTABLE y essa AND STRONG GOLD MINERALIZATION 5,800,500 4 Significant progress since initial discovery in 202
Slide 18: Patwon Longitudinal View
Longitudinal View 1265 git Au(G) | wesan aut) Looking Northwest n reoo 1.51 gt Au (G) 12.6 git Au (G) 2.05 git Au (G) ° e 221 gt AUG) in the Makin ieee ELM20-043 1.775 git Au(G) ELM21-088 ‘ELM20-022 ELM 22-202 180 gh AU/ 1.70 m Ta2gRAu/050m — |338gRAL/ 240m £29 9h AL/0.95m 6.77 gft Au (G) FOLLOWING
Slide 19: 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 20: 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 21: Other Exploration Activities
Other Exploration Activities AZIMUT EXPLORATION
Slide 22: Partnerships: Wapatik and Kukamas
KUKAMAS Exploration tay " AZM/KGHM option e *\ Partnerships ! LEVERAGING TWO ACTIVE : — PARTNERSHIPS ; $ { ‘ ithium : " @ Mine Wapatik Nickel/Copper Project a A petithion) A. deposit Wemindji " © Village/Airport 4 A Ni-Cu discovery — 2.68% Ni, 1.30% Si Maonore Gold © yoda Cu, 0.09% Co over 3.30 m fi
Slide 23: A Unique Nickel Portfolio
f Ly~ *ee a A Unique Nickel Tukonss — iat Soauem vO Fr [AEM SOCUEM BY B22 ouen e —— ee ° oo, @ 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 ultrama
Slide 24: Summary
Summary MINIMUM $10M EXPLORATION BUDGET FOR 2 -2024, incl. S6M PARTNER-FUNDED Maiden resource estimate Galinée: 5,000m program Pikwa /Pontois Mgjor positioning for Senos) LGleincieyc-| oritical metals ° Well defined surrounding Wapatik targets Kukamas A LEADING MULTICOMMODITY EXPLORER AZIMUT EXPLORA
Slide 25: TSXV: AZM OTCQX: AZMTF azimut-exploration.com
ᓇᑯᕐᒦᒃ ᑭᓇᓈᐢᑯᒥᑎᐣ TSXV: AZM OTCQX: AZMTF azimut-exploration.com
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