Azimut Exploration, Inc. · TSXV:AZM
Azimut Exploration — Investor Presentation (August 2025)
25 slides from Azimut Exploration's investor presentation, August 2025
Slide 1: A Leading Multicommodity Explorer
AZ | M U T TSXV: EXPLORATION OTCQx: A Leading Multicommodity Explorer Value Creation Through Discoveries August 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: What Sets Us Apart?
Azimut Exploration Inc. TSXV: AZM / OTCQX: AZMTF WHAT SETS US APART? 4 Project Generator with Hybrid Exploration Strategy 4 Optionality on large mineral exploration portfolio in Quebec » 4 discoveries across multiple commodities (Au, Sb, Nit Cu-PGE, Li), incl. 4 2 initial exploration successes with
Slide 4: Portfolio Highlights
Portfolio Highlights > o® bet fo § 28 os A UNIQUE POSITION WITH OUTSTANDING ie 2 § 14833 POTENTIAL Kukamas claims . . (Nickel - Copper - PGE) @ Gold 4 Regional focus in Quebec Elmer (Gold) © Copper 4 Two flagship gold projects | n3- 31200 orc 1esa/t au @ Nickel 4 Critical mineral exposure Ne oon . w
Slide 5: Technically Driven Business Strategy
A Technically Driven Busin r FLAGSHIP usiness Strategy peacssiP es VALUE CREATION PROCESS Elmer | t @) Gold-Copper Project | ai 100% owned I “ H 1 = Sole Funded ! . I Ce] Exploration = Ss. Wabamisk | . va i oo Oa eieiect Participating P 9 Lee eee | Interest, oo. Galinée Royalties, os >» a Qualit wth
Slide 6: An Accelerating Rate Of Success
An Accelerating Rate Of Success ‘re MBA 110% sb,038g/tAu 6.06% Ni, 3.34 g/t PGE 24.04 g/t Au / 18.0m 2.68% Ni, 1.3% Cu/ 3.3m 1.62% Li,O / 158.0 m [51.50 m [2.6m ELMER WAPATIK GALINEE WABAMISK KUKAMAS GOLD NICKEL-COPPER LITHIUM GOLD-ANTIMONY NICKEL-PGE Best driling 6 A LEADING MULTICOMMODITY EXPLORER
Slide 7: Exploration Catalysts for 2025
4 Exploration Catalysts for 2025 MINIMUM $10M BUDGET, INCL. $SM PARTNER-FUNDED WABAMISK — Gold-Antimony » 10,000 m drill program to delineate a multi-km-long Sb target and test vertical zoning » Comprehensive prospecting and stripping KUKAMAS -— Nickel-Copper-Platinum-Palladium » 4,000m drilling pro
Slide 8: Corporate Highlights
Corporate Highlights A SOLID FOUNDATION FOR FURTHER SUCCESS . . Exploration Capital Structure Share Ownership Partners 9, ee Cash CS15M Suse RioTinto €KGHM Institutions 4 25% sie 7 101M 5% Institutional / 3) utstanding F/0:107™ insiders pnw SOMUEM OPHIR Share Price CS0.60 1% Wi a 4, 52-week H/L: CS0
Slide 9: Gold
Gold ELMER Au-Cu WABAMISK AZIMUT EXPLORATION
Slide 10: Elmer & Wabamisk Project
Elmer & 4 on Wabamisk } < Project SOLE-FUNDED 5 GOLD PROJECTS E Pilipas Gold focus exploration with exposure to antimony and copper Munischiwan AZM-SOQUEM JV) ELMER 4 Significant exploration upside Gold - Copper Located proximal to Eleonore Mine Eastmain, @ = Close proximity to excellent infrastruct
Slide 11: Wabamisk Sb-Au Target
FORTIN ZONE 110% Sb, 0.38 g/t Au / 51.50 m (D) 24.8% Sb, 1.35 g/t Au (G) WABAM I S K DOME 0.65% Sb, 0.13 g/t Au / 42.75 m (D) 17.65% Sb, 2.48 g/t Au (G) 1.08% Sb, 0.53 g/t Au / 227 m(D) 144% Sb, 5.76 g/t Au (G) _ 130 g/t Au/750 m(b) 324% Sb / 19.0 m incl. 4.02% Sb / 15.0 m(C) 4.69% Sb ,7.27 g/t Au (
Slide 12: Wabamisk Antimony-Gold
WABAMISK ANTIMONY - GOLD 4100% owned project 4 Discovery of an outcropping antimony-rich zone 4 110% Sb over 51.5 m (drilling) 4 4.02% Sb over 15.0 m (channel) 4 36.5 g/t Au over 1m (channel) A up to 24.8% Sb (grabs) Robust km-scale system 4 Possible vertical zoning with gold grades increasing at de
Slide 13: Antimony price and global production
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 Flame Retardant 17% 39% USGS data $70,000 100% $60,000 Europe Price (99.65% Min) 80% for July 2025: $50,000 $40,000 60% ~U
Slide 14: Elmer results map
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) PATWON 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) WEST 0.8 g/t Au / 11 m (D) 2.3 g/t Au, 8.24 g/t Ag, 1.3 % Zn (G) 12.65 g/
Slide 15: Figure as of November 21, 2023
Figure as of November 21, 2023
Slide 16: Kukamas Ni-PGE
KUKAMAS Ni-PGE JBN Ni-Cu-PGE A AZIMUT EXPLORATION
Slide 17: Perseus Zone and 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 18: 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 19: A Unique Nickel Portfolio
A Unique Nickel Portfolio STRATEGIC, LARGE-SCALE PORTFOLIO 4 Km-scale mafic to ultramafic intrusions represent underexplored target type in the James Bay Region 4 Defined by advanced processing of regional-scale data (AZtechMine™) 4 Targets with nickel, copper, cobalt, and PGE potential 4 Targeting
Slide 20: Lithium Portfolio
Lithium Portfolio AZIMUT EXPLORATION “\ e.
Slide 21: James Bay Region lithium province
[A Ls / Shaakichiuwaanaan| ~*~ ,~¢ James Bay Region: . | PiKWA ‘ohisasi Adina Winsome Resources \Cancet World-Class Emerging HEN iP A2Zv-soquem Jv Lithium Province wenger “yy \ a NAAYAA A SIGNIFICANT EXPOSURE IN Se picasa. Te Mean ter coven hl THE REGION _ AZM-Ophir option eB CORVET “Bay pS 7 oy mis
Slide 22: Wabamisk East
1.79% Li0 12:94 (6) ame io )| |tTee Lio laaym eh iret 1476 U0 (6) aan trove) agi, 2.2% Lio 1.06 m 6) 187 9tau(@) 24% L,0/1.4m() WABAMISK EAST oe Stan roe) Tae Lie) LITHOS: EXTENSIVE LITHIUM TARGETS i muse") i 5 147% Li:0 (6) = 4 Easter part of the Wabamisk Project eeu aime tet 4 Optioned to Rio Tint
Slide 23: Galinée Property
Galinée Property (AZM-SOQUEM JV) Figure as of May 8, 2024
Slide 24: Why Azimut?
WHY AZIMUT? A FULLY FUNDED EXPLORER WITH MULTIPLE EARLY DISCOVERIES Stripping / prospecting 4,000 m drill program program Test additional targets 10,000 m drill program Mogjor positioning in Mappi p . apping / Prospecting Quebec for critical metals Scoping study Fall drill program Test surrounding t
Slide 25: azimut-exploration.com
ᓇᑯᕐᒦᒃ ᑭᓇᓈᐢᑯᒥᑎᐣ TSXV: AZM OTCQX: AZMTF azimut-exploration.com
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