Azimut Exploration, Inc. · TSXV:AZM
Azimut Exploration — Metals Investor Forum (September 2021)
23 slides from Azimut Exploration's conference presentation, Sep 16, 2021
Slide 1: Robust Discoveries, Bright Future
Robust Discoveries, Bright Future Metals Investor Forum Corporate Presentation September 16, 2021 1
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 Québec, Canada: Investment Thesis
Azimut in Québec, Canada Investment Thesis Exploration Portfolio E l m e r D i s c o v e r y AZ t e c h M i n e T M One of the largest in Québec Flagship gold project Efficient targeting through Focus on gold and copper. 100% owned proven data analytics 3
Slide 4: Corporate Highlights
Corporate Highlights • AZM founded in 1986 - 81.7 M shares outstanding (87.3 M fd) • Capital structure never consolidated Ownership: - 4% insiders - 27% Québec-based institutions - 39% large funds, corporate & individual investors - 30% retail • One of the lowest share dilution rates in the junior s
Slide 5: Elmer (Au)
Éléonore Gold Mine (Newmont) Elmer (Au) Excellent infrastructure - Paved roads - Power lines - Airports First Nations support 5
Slide 6: 100% AZM 35-km-long project
100% AZM 35-km-long project 8-km-long x 3-km-wide 6
Slide 7: Elmer Gold Discovery
Elmer Gold Discovery Best intersections over a 500 m strike and 450 m down dip: True Thickness / Depth ➢ 24.04 g/t Au over 18.0 m 17.1 m / - 240 m ➢ 3.15 g/t Au over 102.5 m 62.6 m / - 30 m ➢ 2.84 g/t Au over 108.2 m 63.7 m / - 50 m ➢ 3.01 g/t Au over 90.2 m 82.7 m / - 170 m ➢ 6.43 g/t Au over 40.6
Slide 8: Elmer Gold Discovery
Elmer Gold Discovery > Drillhole Collar l Drillhole Trace Mineralized Zones Interpreted Lithology Polygenic Conglomerate Felsic-Intermediate Intrusive Gabbro Felsic Volcanic Mafic unit Strike length: 520 m Vertical extent: 450 m Average true width: 35 m (up to 80 m) 8
Slide 9: Elmer
Elmer ➢ Simple, continuous, predictable geometry ➢ Minimum 450 m extension down dip ➢ 35 m average true width ➢ Possible grade increase with depth TILL SAMPLING RESULTS 9
Slide 10: Mineralized envelope (0.3 g/t Au cut-off)
NE Mineralized envelope (0.3 g/t Au cut-off) SW 5.0 520 m 1.0 0.5 0.3 450 m O P E N 300 m 10
Slide 11: Elmer: An Orebody in the Making
Elmer: An Orebody in the Making 520 m VG VG 450 m January 2020 Total: 996 m VG VG November 2020 Total: 11,500 m 100 m July 2021 Total: 22,800 m Looking NNW 11
Slide 12: Expanding the Elmer Orebody: Next Steps
Expanding the Elmer Orebody: Next Steps Minimum of 14,000 m drill program Starting date: Fall 2021 12
Slide 13: Possible Analogs
Possible Analogs Goldex (Agnico Eagle), Quebec Rory’s Knoll, Guyana 50 x 50 m drill spacing 100 x 50 m drill spacing - 800 m 200 m 190 m x 2.6 km 6.27 Moz 450 m x 1.8 km 4.3 Moz 13
Slide 14: Expanding the Elmer Orebody: Next Steps
Expanding the Elmer Orebody: Next Steps 2021 – 2022 Drilling Program (4th phase since Nov. 2019) Minimum 20,000 m 1) Expand the Patwon Zone: 14,000 m 2) Discover comparable zones nearby: 6,000 m Integration of prospecting, till, mag, and IP data Objectives ➢ Advance toward the delineation of an init
Slide 15: Rex Trend – Giant Copper Footprint
Rex Trend – Giant Copper Footprint Unlock potential of a world-class target REX TREND ➢ 330 km by 30 to 50 km lake-bottom sediment anomaly 330 km ➢ Underexplored giant target ➢ >30 mineralized zones (Cu-Au) ➢ $40 M option agreement with SOQUEM Option1: $16 million for 50% over 4 years Option 2: $8 m
Slide 16: Rex South
Subtil-Nord CM Subtil RBL-Kaam PAP-Nord PAP Rex Mousquetaires R12 Main Mineralized Prospects Au ≥ 1.5 g/t Au (up to 580 g/t Au) Augossan and/or Dragon-Nord Cu ≥ 0.5% Cu (up to 13.65% Cu) Dragon See press release of January 7, 2020 Lebreuil-E2 Jemima Copperton 25 km Rex South 16
Slide 17: 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 ➢ Drilling (2,152 m, 7 holes, results pending)
Slide 18: 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: 47.2 g/t Au, 124 g/t Ag, 102.5g/t Te, 9.28% Cu, 4.72% W, 7.53% Sn ➢ Drilling: 5 holes, 738 m (results pending)
Slide 19: 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: 47.2 g/t Au, 124 g/t Ag, 102.5g/t Te, 9.28% Cu, 4.72% W, 7.53% Sn ➢ Drilling: 5 holes, 738 m (results pending)
Slide 20: Large-scale copper-bearing systems (IOCG-type) along the Rex Trend
RBL Zone (3 km long): Up to 11.6% Cu Jemima Zone (1.5 km long): Up to 2.86% Cu Large-scale copper-bearing systems (IOCG-type) along the Rex Trend 20 CM Zone (2.5 km long): Up to 4.34% Cu Sombrero Zone: Up to 2.03% Cu
Slide 21: 2021-2022 Outlook: $16 M planned exploration budget
2021-2022 Outlook $16 M planned exploration budget ➢ ELMER (Au) $10.0 M Drilling >20,000 m ➢ Partner-funded $5.5 M Rex & Rex South (Cu-Au) Munischiwan (Cu-Au) Wapatik (Au) 21
Slide 22: Azimut Strong Organic Growth
Azimut Strong Organic Growth ➢ Elmer: A growing gold discovery ➢ Excellent financial position ➢ Strategic partnerships with SOQUEM ➢ Rex Trend: The next copper district in Québec? 22
Slide 23: Thank you! Merci!
Elmer Gold Discovery Thank you! Merci! ᓇᑯᕐᒦᒃ ᑭᓇᓈᐢᑯᒥᑎᐣ GET IN TOUCH Jean-Marc Lulin President and CEO 1 (450) 646-3015 info@azimut-exploration.com www.azimut-exploration.com 23
Azimut Exploration — Metals Investor Forum (September 2021) on 6ix