Azimut Exploration, Inc. · TSXV:AZM
Azimut Exploration — Investor Presentation (June 2023)
31 slides from Azimut Exploration's investor presentation, Jun 1, 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: What Sets Azimut Apart?
© Aen Main ildi Quality Elmer Building Exploration Discovery Blocks Portfolio ‘s Flagship Gold Project AZtechMine™ Le st i es, . WHAT SETS AZIMUT on Quebec for 100% owned Predictive modelling Au, Cu, Ni, Li APART? os A LEADING MULTICOMMODITY EXPLORER AZIMUT EXPLORATION | TSXV: AZM | OTCQX: AZMTF /\
Slide 4: Strategic Exploration Portfolio
Strategic Exploration Portfolio LARGEST POSITIONING INA STABLE JURISDICTION 4 Multicommodity exposure 4 Quebec is a premier mining jurisdiction Fraser Institute: #3 in Canada / #8 worldwide - Flagship Project: Elmer Gold Discovery - Critical Metals Portfolios: JB Nickel / JB Lithium - Multiple Partn
Slide 5: Corporate Highlights
Corporate Highlights THE RIGHT INGREDIENTS FOR SUCCESS Capital Structure Working Capital CS6.5M Shares 79.6M Outstanding F/D: 85.6M CS1.04 Share Price 52-week H/L: CS1.80 / CS0.49 Market Cap CS83M Working Capital asat Feb 28, 2023 adjusted for $21 M tax credit subsequently received Shares Outstandin
Slide 6: Board and Management
Board and Management EXPERIENCED TEAM WITH A TRACK RECORD ~ ¢ @®) Jean-Marc Lulin, PGeo, PhD, President and CEO, Director _ ; Rock Lefrangois, P.Geo, VP Exploration £ Se ey eee See ee oa re uee a 4 35 years of international experience in the search, evaluation and development of | i its thi hi he Am
Slide 7: A Key Exploration Player in Quebec
A Key Exploration Player in Quebec 20-YEAR HISTORY OF PARTNERSHIPS AND EXPLORATION SUCCESSES 2003 2005 2007 2010 2011 2015 2017 2019 2021 2004 2006 2008 2012 2016 2018 2020 New “ Targeting the “Discovery of the Year” leadership - New partnerships rarer Elmer gold award for the Patwon Zone Strategic
Slide 8: Elmer Gold Discovery
~~ ~*~ —_ Elmer Gold Discovery Aaa ~
Slide 9: Elmer Gold Project
w Chisasioi Elmer Gold . Project Radisson POSITIONED TO BE A MAJOR GOLD ASSET IN QUEBEC sa _— Wemindji 8 4 Drilling discovery in 2020 Aggressively advanced ever since 4 Located 100 km west of the Oe ee Eleonore Gold Mine (Newmont), James Bay Region 4 Close proximity to excellent A. infrastructure ;
Slide 10: Patwon Gold Zone
305,000 340,000 ? A A-21 Zone 0.5 g/t Au, 45.0 g/t Ag / 30 m (D) N Wolf Prospect 0.36 g/t Au / 31.0 m (D) 19.25 g/t Au / 1.0 m (C) 2.7 g/t Au, 5.0% Zn / 1 m (D) 12.3 g/t Au / 1.75 m (C) 0.8 g/t Au / 11 m (D) 3.7 g/t Au / 0.7 m (D) 5,815,000 58.2 g/t Au (G) 102.52 g/t Au, 19.9 g/t Ag (G) 18.55 g/t Au
Slide 11: Elmer: 2023 Objectives
Elmer: 2023 Objectives Patwon Gold Zone: Delineation of a maiden NI 43-101 compliant gold resource Camp-scale Exploration: Defining and drill testing additional mineralized zones > Crystallizing the value > Outlining the full potential of the Patwon Gold Zone of the Elmer Gold Project " A LEADING MU
Slide 12: An Orebody in the Making
Surface Longitudinal View: An Orebody Patwon Gold Zone Mineralized Envelope using a 0.5 g/t in the Making Au Grade Shell FOLLOWING PREDICTABLE AND STRONG GOLD MINERALIZATION 260m 4 Significant progress since initial discovery in 2020 600 m 4 ~53,000 m drilled in 128 holes 4 Known mineralization cons
Slide 13: An Orebody in the Making (Cross Section)
Ground surface ELM19-004 : 1.68 g/t Au/97.0 m — An Orebody wna supa in the Making maeuinennene ELM20-026 : 2.64 git AU/ 72.15 m ELM20.031 : 2.47 gt Au/ 36.1 m — FOLLOWING PREDICTABLE AND STRONG GOLD LM20.09: 4.14 lt u/ 103.4 m MINERALIZATION ELz0.094: 2.01 gtAu/9022m ELMZDG51A 385 gt Au/ 22m 4 Signi
Slide 14: Patwon Gold Zone
315,000 323,000 A-21 Zone 0.76% Zn, 0.24% Cu / 9.7m at 247 m 0.5 g/t Au, 45.0 g/t Ag / 30 m (D) 102.52 g/t Au, 19.9 g/t Ag (G) 6.3 g/t Au (G) 0.14 g/t Au, 12 g/t Ag, 0.24% Zn, 0.58% Cu / 1.5 m 0.36 g/t Au / 31.0 m (D) 18.25 g/t Au (G) 5,802,000 at 217 m 2.7 g/t Au, 5.0% Zn / 1 m (D) 17.15 g/t Au (G)
Slide 15: North Zone Patwon
North Zone Patwon Preliminary Envelope 47% Vy A New Zone Identified SUPPORTS STRONG POTENTIAL FOR ADDITIONAL DISCOVERY IN THE PATWON CORRIDOR 250m 4 Subparallel zone identified ~300 m north of main Patwon Zone 4 Minimum strike length of 460 m with several high- grade intervals, including: 4 82.4 g/t
Slide 16: 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 17: Regional Assessments for Critical Metals
=~ we Ga Regional Assessments for Critical Metals JN AZIMUT Lithium - Nickel EXPLORATION AZtechMine™ re] PREDICTIVE MODELLING THAT WORKS
Slide 18: James Bay Region
aw e \ 4 f& James Bay Region: = _° AZM-KGHM option. rr AZMSOQUEM JV World-Class Emerging ~~ Lithium Province ae AZIMUT HAS THE LARGEST LAND HOLDINGS IN THE REGION @—_3—_. r ey 4 5 major projects identified as highly et j CE ee rodytlecta Mining prospective for lithium ora! ‘apdtik ‘AZM-Mont Royal op
Slide 19: On Strike and Close Proximity to a Major Discovery (Pikwa)
Corvette Discovery Area ON STRIKE AND CLOSE PROXIMITY TO A MAJOR DISCOVERY 4 Pikwa (50/50 JV with SOQUEM): 4 Same geologic trend hosting the Li-bearing pegmatite bodies at Corvette (Patriot Battery Metals) and Cancet (Winsome) 4 Data strongly suggest the existence of a 14-km-long strike extension on
Slide 20: On Strike and Close Proximity to a Major Discovery (Corvet)
525,000 Corvette 5,960,000 1.48% LI20, 177 ppm Ta208 / 84.0 m 1.22% L120, 138 ppm Ta208 / 162.8 m Discovery Area : pete 0.93% Li20, 114 ppm Ta208 / 148.8 m ON STRIKE AND CLOSE PROXIMITY Cancet Property TO A MAJOR DISCOVERY (Winsome) cr, 4 Corvet (100% AZM): Patriot Battery 4 Prominent 26-km-long Li
Slide 21: Figure as at February 23, 2023
Figure as at February 23, 2023
Slide 22: Nickel Portfolio
%e0 Dalmas AZM-SOQUEM JV Generating a Unique =.._ AZM-KGHM Option |” 7MS0QUEM JV Nickel Portfolio STRATEGIC AND PROSPECTIVE ov e Eleonore Sold] @ e lAZM-SOQUEM JV Mine PORTFOLIO Newmont @ Benard Diamend Mine . . James - > 4 Km-scale mafic to ultramafic Se eee eee IV . 5 Opinaca intrusions represent
Slide 23: Partnered Exploration Activities
Partnered Exploration Activities AZIMUT EXPLORATION SO ee Or
Slide 24: Leveraging Two Active Partnerships
KAMAS & 4 Option to Mont Royal Resources ° Exploration a oe KAMA‘ e *\ Partnerships : LEVERAGING TWO ACTIVE PARTNERSHIPS ‘ : . = ‘ \ ithium , " @ Mine Wapatik Nickel Project a A petithion) A. deposit Wemindji q © Village/Airport 4 Anew Ni-Cu discovery — 2.68% Ni, Mik Mponere Gold © Hydro tect dam 1.
Slide 25: Wapatik Project
Wapatik Project UNCOVERING A NEW NICKEL COPPER TARGET 4 High resolution mag survey identified a previously unrecognized kilometer-scale ultramafic intrusion 4 Initial prospecting confirmed presence of copper and nickel mineralization 4 High grade Nickel-Copper massive sulphide discovered in maiden p
Slide 26: W1 Ultramafic Intrusion - Wapatik Property
W1 Ultramafic Intrusion - Wapatik Property James Bay Region, Québec p Caney A Successful Maiden Drill Program ENCOURAGING RESULTS TO DATE 4 Drilling has identified significant Ni-Cu mineralization related to an ultramafic intrusion 900 m long x 400 m wide 4 Interpreted as a folded synvolcanic sill 1
Slide 27: Kukamas copper-gold map
415,000 450,000 5,960,000 1.8% Cu / 0.3 m (C) 5,955,000 0.5 g/t Au, 0.83% Cu, 0.3 g/t Ag (G) 1.03 % Cu (G) 0.82% Cu, 1.2 g/t Ag (G) 3.3% Cu, 17.7 g/t Ag (G) ! ! 0.66 % Cu, 7.4 g/t Ag (G) !!! ! !! ! ! 10.63 g/t Au, 4.9 g/t Ag (G) ! ! ! ! ! ! 1.96% Cu, 0.4 g/t Au, 30 g/t Ag / 1 m (C) ! ! ! ! !! ! ! !
Slide 28: Rex Trend: Giant Copper Footprint
Rex Trend: Giant | — a Copper Footprint 30 a UNLOCKING THE POTENTIAL OF A WORLD-CLASS TARGET 4 330 km x 30 - SO km lake-bottom sediment anomaly 4 > 30 mineralized zones (Cu-Au) 4 Underexplored giant target for critical and strategic minerals: Cu, W, Sn, Bi, Be, Te, Re, In, REE 4 Potential for: 4 10C
Slide 29: Project Pipeline and 2023 Plans
Elmer Project Pipeline and 2023 Plans Maiden resource estimate fey Au in progress / Follow up program 100% AZM Kukamas Cu-Au, Ni-Cu Geophysics / prospecting KGHM Option Wapatik Ni-Cu, Au Follow-up drilling / prospecting Mont Royal Option [Pibsue u CurAu Remote sensing / Field assessment SOQUEM JV Ga
Slide 30: Summary
Summary MULTIPLE CATALYSTS IN PLACE Maiden resource estimate Strong potential for additional discoveries First lithium focused programs Follow up drilling Property-wide program District scale potential Major positioning for critical metals Low-cost exposure to potential new discoveries A LEADING MUL
Slide 31: azimut-exploration.com
ᓇᑯᕐᒦᒃ ᑭᓇᓈᐢᑯᒥᑎᐣ TSXV: AZM OTCQX: AZMTF azimut-exploration.com
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