Azimut Exploration, Inc. · TSXV:AZM
Azimut Exploration — Investor Presentation (June 2025)
21 slides from Azimut Exploration's investor presentation, June 2025
Slide 1: A Leading Multicommodity Explorer
AZ | M U T TSXV: EXPLORATION OTCQx: A Leading Multicommodity Explorer June 2025
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: Highlights
( ~~~ ° . e ° 5 y 28 Azimut: Highlights , os peterie te _ F 16,201 A UNIQUE POSITION WITH OUTSTANDING POTENTIAL 7 ° & cteims \ Kuk 8,170 kr? . . ukamas 4 2 Flagship Projects (Nickel - Copper - PGE) © ood Elmer . Au-Cu Elmer (Gold) . JB Lithiurn @ Copper Wabamisk AwSb | sro auasmrndmeas |e. o Nika 4
Slide 4: > 500 prospects identified
→ > 500 prospects identified →
Slide 5: An Accelerating Rate Of Drilling Success
An Accelerating Rate Of Drilling Success 2022 me. Wy 110% Sb, 0.38 g/t Au 24.04 g/t Au /18.0m 268% Ni, 1.3% Cu/ 3.3m 1.62% Li,O / 158.0 m /51.50m /2.6m ELMER WAPATIK GALINEE WABAMISK KUKAMAS GOLD NICKEL-COPPER LITHIUM GOLD-ANTIMONY NICKEL-PGE Best driling ed 5 A LEADING MULTICOMMODITY EXPLORER AZIMU
Slide 6: Exploration Catalysts for 2025
4 Exploration Catalysts for 2025 MINIMUM $10M BUDGET, INCL. $5M PARTNER-FUNDED ELMER —- Gold, Copper-Gold » Scoping study underway to identify best business scenarios » Drilling of well-defined high-grade targets WABAMISK — Antimony-Gold » 10,000 m drill program to delineate a multi-km-long target a
Slide 7: Corporate Highlights
Corporate Highlights A SOLID FOUNDATION FOR FURTHER SUCCESS Capital Structure Cash >C$12M Shares 100M Outstanding F/D: 107M ; CS0.58 Share Price 52-week H/L: C$0.78/ CS0.425 Market Cap CS58M cod Pr waning of $87M A LEADING MULTICOMMODITY EXPLORER Share Ownership 19% Quebec-based \ Institutions 26% 5
Slide 8: Gold
Gold ELMER Au-Cu WABAMISK Au-Sb AZIMUT EXPLORATION
Slide 9: Gold projects: Elmer and Wabamisk
Elmer & gy Wabamisk a Project ; SOLE FUNDED GOLD i a PROJECTS / . \ Gold focus exploration with exposure to antimony and copper Munischiwan AZM-SOQUEM JV) ca ; Eastmain * 4 Significant exploration upside Located proximal to Eleonore Mine Galax — Arcadium Lithium == (Rio Tinto) 4Close proximity to ex
Slide 10: Sb-Au Target
FORTIN ZONE DOME 110% Sb, 0.38 g/t Au / 51.50 m (D) WABAMISK 1.30 g/t Au / 7.50 m (D) 0.65% Sb, 013 g/t Au / 42.75 m (D) 17.65% Sb, 248 g/t au Le) 80.71 g/t Au (G 3.92% Sb, 0.3 g/t Au / 14.0 m 144% Sb, 5.76 g/t Au _ 5245 a Au ‘e) incl. 11.84% Sb, 118 g/t Au/ 3.0 m(C) 4.69% Sb , 7.27 g/t Au (G) ANTIM
Slide 11: Antimony: ~US$40,000/t
Global Mine Production Uses in United States Other 2024 Nonmetal Products 2024 10% Ceramics & Glass 21% Metal Products Russia 40% China 13% 60% 100,000 24,000 t/y t/y Tajikistan 17% Flame Retardant 39% USGS data Europe Price (99.65% Min) for Dec. 2024: ~US$40,000/t → 250% increase in 2024
Slide 12: Elmer: A-21, Wolf North, Wolf
A-21 WOLF NORTH 0.5 g/t Au, 45.0 g/t Ag / 30 m (D) 5.09 g/t Au, 172 g/t Ag, 7.53 % Cu (G) 0.36 g/t Au / 31.0 m (D) 4.65 g/t Au, 160 g/t Ag, 7% Cu (G) 2.7 g/t Au, 5.0% Zn / 1 m (D) 2.38 g/t Au, 91.4 g/t Ag, 4.71 % Cu (G) 0.8 g/t Au / 11 m (D) 2.3 g/t Au, 8.24 g/t Ag, 1.3 % Zn (G) PATWON WEST 77.8 g/t
Slide 13: Nickel
Nickel KUKAMAS _ Ni-PGE JBN Portfolio Ni-Cu-PGE AZIMUT EXPLORATION
Slide 14: Perseus Zone, Halley Showing
PERSEUS ZONE 2.98% Ni, 0.32% Cu, 2.25 g/t PGE / 8.0 m incl. 3.74% Ni, 0.41% Cu, 2.82 g/t PGE / 6.0 m (C) 1.10% Ni, 0.15% Cu, 1.02 g/t PGE / 9.0 m incl. 1.42% Ni, 0.19% Cu, 1.36 g/t PGE / 6.0 m (C) 8.42% Ni, 0.55% Cu, 7.25 g/t PGE / 1.9 m (D) 6.06% Ni, 0.38% Cu, 3.34 g/t PGE / 2.6 m (D) 3.55% Ni, 0.1
Slide 15: Perseus Zone
PERSEUS ZONE Hole KUK24-007 6.06% Ni, 0.38% Cu, 3.34 g/t PGE, 0.20 g/t Au over 2.6 m (from 32.4 m to 35 m) including 19.6% Ni, 0.81% Cu, 9.43 g/t PGE, 0.58 g/t Au, 9.43 g/t Te over 0.75 m First-path assessment with 2,.000m program Two horizons open in all directions Best results: Fertile system: Hig
Slide 16: JBN Portfolio
JBN Portfolio AN — {v= tO” ge STRATEGIC, LARGE-SCALE aa loption [calinge Bb = JAZM-SOQUEM JV Renard Diamond Mine Stornoway 4 ~200 exploration targets for nickel, copper, cobalt, and PGE potential 4 Underexplored target type in the James Bay Region 4 Defined with AZtechMine™ ® Mine h, G 4 oS Z| © Mil
Slide 17: Lithium Portfolio
Lithium Portfolio \ PN AZIMUT EXPLORATION ‘ 7 Galinée - Drill Core
Slide 18: 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 Multiple projects identified as highly prospective for lithium, including at Wabamisk East 4 Two 50/50 JVs with SOQUEM in the immediate proximity of discoveries by Patriot Battery Metals and W
Slide 19: Main Prospects
485,000 8,780,000 Main Prospects Ie cola 5,760,000 (Fortin Zone) 485,000 Selected lithium results (2024) © > 0.5% LisO ‘Antimony-Gold ©: channel sample G: grab sample Shear zone 3.28% Li,O 1 4.06 m (C) 2.4% Li,0/ 1.4 m (C) 4.94% Li,O / 3 m (C) 4.79% LigO / 2.94 m (C) 41.75% LisO / 9.63 m(C) 1169% Li
Slide 20: Summary
Summary FULLY FUNDED TO ADVANCE MULTIPLE DISCOVERIES Stripping program ongoing Major new Ni-Cu discovery in hip with Ké 10,000 m of drilling partnership with KGHM 4,000 m of drilling Major positioning in Test additional targets Quebec for critical metals New Partnerships Scoping study underway oppor
Slide 21: azimut-exploration.com
ᓇᑯᕐᒦᒃ ᑭᓇᓈᐢᑯᒥᑎᐣ TSXV: AZM OTCQX: AZMTF azimut-exploration.com
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