Azimut Exploration, Inc. · TSXV:AZM
Azimut Exploration — Investor Presentation (December 2024)
36 slides from Azimut Exploration's investor presentation, December 2024
Slide 1: A Leading Multicommodity Explorer
AZ | M U T TSXV: EXPLORATION OTCQX: A Leading Multicommodity Explorer A Platform for New Discoveries December 2024
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
{ me. Azimut: A Strategic 4 Properties eee ° Se ; 16458 Positioning in Quebec fe ‘ caine ¢ x 8,270 km? THE LARGEST EXPLORATION Kukamas ; PORTFOLIO IN A LEADING JURISDICTION (Nickel / Copper / PGEs) © Gold e @ Copper eas Elmer (Gold) JB Lithium Au,’ Commodities ind.- 311,200 ozat 1.93 g/t Au |, 2,12
Slide 4: Azimut: A Technically Driven Business Strategy
Azimut: A Technically Driven Business Strategy Elmer ©) Deposit a Flagship Gold Project Sole Funded -” 100% owned Activities s. . $67M invested by Azimut “ Ss Wabamisk = a , a to date —> Ee] Tuan Galinée Monetization a -> . . AZtechMine™ pxrlouto n a ©) Discovery Predictive Maps Portfolio “Sa Partne
Slide 5: 2024 - One of the Most Productive Years
2024 - One of the Most Productive Year ADVANCING A PIPELINE OF OPPORTUNITIES ELMER Au, Ag-Cu-Zn WABAMISK Au-Sb, Li KUKAMAS Ni-Cu-PGE, Cu-Au PILIPAS Li, Au GALINEE Li, Cu-Au PIKWA Li CORVET Li, Cu-Au KAANAAYAA Li, Cu-Au JBL Li Prospecting, Drilling Prospecting > Drilling Prospecting > Drilling Prospe
Slide 6: Corporate Highlights
Corporate Highlights WELL FUNDED WHILE MINIMIZING SHARE DILUTION THROUGH TIME Capital Structure Cash ~CS9M Shares 85.6M Outstanding F/D: 919M ; CS$0.65 Share Price 52-week H/L: CS1.03 / C$0.425 Market Cap ~CS55M Cash and Shares Outstanding as at November 30, 2024 Share price and Market capitalizatio
Slide 7: Management
Management Directors 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, Africa and Europe. Designed AZtechMine™ the mineral targeting methodology that con
Slide 8: 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
Slide 9: Gold Portfolio
Gold Portfolio AZIMUT EXPLORATION
Slide 10: Elmer & Wabamisk Project
Elmer & Wabamisk Project QUALITY GOLD PROJECTS IN THE JAMES BAY REGION 4 Flagship sole funded projects 4 Located proximal to 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 oe! A L
Slide 11: Equinox
EQUINOX 5.29% Cu, 1.02 g/t Au, 51.7 g/t Ag (G)
Slide 12: Figure as of November 21, 2023
Figure as of November 21, 2023
Slide 13: Copper-gold grab sample results
5.29% Cu, 1.025 g/t Au (G) 1.41% Cu, 0.718 g/t Au (G) 1.165% Cu, 0.535 g/t Au (G) 0.83% Cu, 0.336 g/t Au (G) 1.28% Cu, 0.22 g/t Au (G) 0.551% Cu, 0.94 g/t Au (G) 0.312% Cu, 0.468 g/t Au (G)
Slide 14: Wabamisk antimony-gold results map
458,000 455,000 ow A LEADING MULTICOMMODITY EXPLORER AZIMUT EXPLORATION | TSXV: AZM | OTCQX: AZMTF 486,000 DOME BB rw FORTIN 2.42% Sb (6) 06% Cu, 05%6 Zn, 6atAg 1.4m (0) seotau(s) % 194% 8b (G) 0.4% Zn, 0.16% Pb, 18 gt Ag /7.0 m (0) agian 128% Sb (G) 24d gh Au(G) 3 4zegtauss) 24.8% Sb, 1.98 gft Au (
Slide 15: Induced polarization survey
tas) 3.43 git Au (G) 1.16 gftAu (B) 2.16% Sb (G) 4.11% Sb (G) 1% Sb(S) 1% Sb(G) 1% Sb (6) 1.07% 8b (6) | 6.83% Sb (G) 3.16% Sb (G) \ 1.81% Sb (G) \1.44% Sb, 5.76 git Au (G) \ \ 472,350 4.69% Sb, 7.27 git Au (G) | 0.68% Sb/ 9 m (D) 24.8% Sb, 1.35 gl Au (6) 19.65% Sb (S) 18.15% 8b (6) 17.65% Sb, 2.48
Slide 16: Antimony price and global production
Global Mine Production Uses in United States 2022 Nonmetal Products 2023 Other Ceramics & Glass 22% China 22% Metal Products 48% 43% Russia 5% 83,000 t/y 22,000 t/y Tajikistan Flame Retardant 25% 35% USGS data Europe Price (99.65% Min) for Nov. 2024: → ~US$34,000/t → 200% increase in 2024
Slide 17: Nickel-Copper Portfolio
Nickel-Copper Portfolio AZIMUT EXPLORATION
Slide 18: Kukamas Project - Perseus Zone
418,000 450,000 e 8 Kukamas Project i PERSEUS ZONE . 1.03% 04(6) inal 3700 044% Gu 282 gh POE 6.0m (©) NEW NICKEL SHOWINGS IDENTIFIED [aomocneu ge” \ BARR eveaeel on / h [lesan ass cuis) Se aray le) \ / | ose ousel 208 BIE) \\ 5,956,000 145 9tAu(G) tossgtau(e| \ \ {0.39% cue) \ 4 Optioned to KGHM in
Slide 19: Kukamas Project
Kukamas Project NEW NICKEL SHOWINGS IDENTIFIED 4 Optioned to KGHM in late 2022 and operated by Azimut 4 2023: VTEM™Plus survey completed over property (100-metre line spacing for a total of 3,199 line-km). Discovery of new nickel-copper showing, correlated with a km-long electromagnetic conductor 4
Slide 20: Kukamas Project - Perseus Showing
Kukamas Project PERSEUS SHOWING Channel #1: 2.98% Ni, 0.32% Cu, 2.25 g/t PGE over 8.0 m, including 3.74% Ni, 0.41% Cu and 2.82 g/t PGE over 6.0m Channel #2: 110% Ni, 0.15% Cu, 1.02 g/t PGE over 9.0 m, including 1.42% Ni, 0.19% Cu, and 1.36 g/t PGE over 6.0m EADING MULTICOMMODITY E Kukamas Property,
Slide 21: A Unique Nickel Portfolio
KUKAMAS Pikwo AZM-SOQUEM JV Dalmas AZM-SOQUEM JV A Unique Nickel ss ee Raanaayan es “[Corvet |AZM-Rio Tinto fizw-rio Tin] Agi Al givin & ‘ [Option wae : -s ; 2 [Eleonore Gold Portfolio STRATEGIC AND PROSPECTIVE [calinge JAZM-SOQUEM JV Mine PORTFOLIO Ni BBA[Newmont a Renard Dimond Mele . 7 James ~~ e
Slide 22: Lithium Portfolio
Lithium Portfolio \ PN AZIMUT EXPLORATION ‘ 7 Galinée - Drill Core
Slide 23: James Bay Region: World-Class Emerging Lithium Province
[A Ls / Shaakichiuwaanaan| ~*~ ,~¢ James Bay Region: . PIKWA i Ny AZM-SOQUEM JV Dalmas World-Class Emerging ) pa awe ee HR A2v-soquem iv e e e 7 Lithium Province Resouces | iat oe = - 2 7 By KAANAAYAA p a AZM-Rio Tinto option fim A sag CORVET AZM-Rio Tinto option AZIMUT HOLDS A SIGNIFICANT ni POSITI
Slide 24: Galinée Property
Galinée Property (AZM-SOQUEM JV) Figure as of May 8, 2024
Slide 25: Galinée Project
24 » Galinée-Adina close-up, James Bay Region, Québec . Galinée Project % ‘ oy \ a . wT _ SIZEABLE MINERALIZED SYSTEM 3 “/ N = «63—-«s IDENTIFIED o ‘ JORC e . Resource , “tT , ‘ Pishel, 4 Galinée discovery likely to represent the y a southern extension of the Adina deposit ina Property (winsome) 4 8
Slide 26: Galinée Project - Drilling Cross Section
Section 668,435 E Adina Property (Winsome) Galinée Property (Azimut - SOQUEM JV) Property boundary Man cone zeol GAL23-014, — GAL23.012, 22.000 ENS seus moons Bim GAL24-025 GAL23-013 a 4 A ; 500 RL . ¢ J 4.63% Li2O / 17.5 m 2 / incl. 2.56% Lij0/ 5.2m Footwall f/f ane Zone < 4 L a &K 4 Z 4 200 RL x 4
Slide 27: Galinée Project - Drilling Cross Section
Section 668,535 E Adina Property (Winsome) Galinée Property (Azimut - SOQUEM JV) Property boundary 1 GAL23-001, Main Zone 1 GAL23-011, GAL23-009, B08 seco 24201 20.08 zeoos_ 2108 GAL24.018 GAL23.010 GAL24-019A GAL23-015 < > y 00 RL K KS » a4 "° < \Ake S 7 ‘ ye . 400 RL Footwall x & Zone se B ‘ “ K <
Slide 28: Lithos: Extensive Lithium Targets
485,000 e 3.28% LiO/ 1.06 m(C) 7.43% LI,0 (6) 24% Li0/1.4m(C) 7.22% Li0 (6) 4.94% LLO/3m(C) 6.4% Li:0 (6) 179% Li0/2.94m(C) 6.16% Li,0 (6) 455,000 S 1.75% Li0/9.83m(C) 5.21% Li,O (G) 3 3 ipdeaeee ile ‘ Proper S 4.59% LLO/7.6m(C)__ 3.98% Li.0 (G) ic ° 1.51% Li /1.08 m(C) 3.55% Li:0 (6) wiping Hause!
Slide 29: Wabamisk Property overview
See close-up Figures See close-up Figures Figure as of December 9, 2024
Slide 30: Wabamisk Property - Lithos Zone
Wabamisk Property, James Bay Region, Québec ET 3.18% LiO (G), a ee a pessoa EERE Lithos Zone Eee : a : 86 rock samples collected: 24% Lio 14m (@)| : ait ian ay a aoa? - ae . Re : Z 23 samples > 3% Li,O 41 samples between 1 & 3% Li,O 8 samples between 0.5 & 1% LizO 1.59% L1.0 17.6 m (©) > ern : é Ze
Slide 31: Lithos Zone rock samples
Lithos Zone 86 rock samples collected: 23 samples > 3% Li,O 41 samples between 1 & 3% Li,O 8 samples between 0.5 & 1% LizO Best channels (out of 16): 175% Li,O over 9.83 m (open) 159% Li,O over 7.6 m (open) 2.37% Li,O over 3.88 m (open) 2.29% Li,O over 4.0 m (open) 216% Li,O over 3.0 m (open) 194% L
Slide 32: Pikwa Project
Pikwa Project ON STRIKE WITH THE LARGEST PEGMATITE RESOURCE IN THE AMERICAS 4 50/50 JV with SOQUEM 4 Same geologic trend as the Shaakichiuwaanaan project (formerly Corvette project) (Patriot Battery Metals) 4 14-km-long prospective zone on Pikwa 4 Detailed prospecting and till sampling program compl
Slide 33: Attracting a Major Player in the District
526,000 00,000 CVS 4.45% LI20, 177 ppm Ta205 /84.0 m Discovery Area eae N ATTRACTING A MAJOR PLAYER IN —— zinuronne THE DISTRICT ay (Wingorne) a ani {2.19% Li20, 18 ppm Te208 /86.2 m /7-\as2% .i20 1669 fj ut, pm Ta08 4m /,|1.66°% 20, 193 ppen Ta208 158.7 m 222% Li20, 47 ppm Ta208 /70.1m 5,950,000 P
Slide 34: Figure as of December 11, 2024
Figure as of December 11, 2024
Slide 35: Outstanding Field Season Will Drive Strong News Flow
Outstanding Field Season Will Drive Strong News Flow Drilling Programs Prospecting Phases A ELMER: 3,449m 4 17 active properties 4 PILIPAS: 3,065m 4 3,001 rock samples 4 KUKAMAS: 2,000m 4 WABAMISK: 5,000m 41,385 till samples 4 504 lake sediment samples ADVANCING TOWARDS THE NEXT DISCOVERIES 35 A LEA
Slide 36: azimut-exploration.com
ᓇᑯᕐᒦᒃ ᑭᓇᓈᐢᑯᒥᑎᐣ TSXV: AZM OTCQX: AZMTF azimut-exploration.com
Azimut Exploration — Investor Presentation (December 2024) on 6ix