Azimut Exploration, Inc. · TSXV:AZM
Azimut Exploration — Investor Presentation (October 2020)
25 slides from Azimut Exploration's investor presentation, Oct 6, 2020
Slide 1: A Key Player in the Mining Sector in Quebec
A Key Player in the Mining Sector in Quebec TSXV: AZM October 6, 2020
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: Three reasons to be in Quebec
Azimut in Quebec, Canada Three reasons to be in Quebec 1) One of the top mining jurisdictions in the world 2) Huge mineral potential still largely underexplored 3) Excellent database leading to efficient exploration
Slide 4: Three reasons to own Azimut
Azimut in Quebec, Canada Three reasons to own Azimut 1) Exciting gold discovery at Elmer in 2020 2) Largest exploration portfolio with substantial work programs in 2021 3) Strong big data analytics capabilities (AZtechMineTM expert system) for efficient target selection
Slide 5: Key Properties Highlights & 2020-21 Outlook
Azimut in Quebec, Canada James Bay ➢ Elmer (100% AZM): Flagship ➢ Pikwa (SOQUEM / AZM Option) ➢ Key Properties Nunavik ➢ Rex (AZM / SOQUEM Option) ➢ Rex South (AZM / SOQUEM Option) ➢ Highlights & 2020-21 Outlook
Slide 6: Azimut projects
4 y - © Azimut projects HUDSON BAY a QUEBEC, ATLANTIC. OCEAN AZIMUT EXPLORATION
Slide 7: Property Portfolio in Quebec
PROPERTY PORTFOLIO IN QUEBEC Rex (Cu-Au) Rex South (Cu-Au) Pikwa (Cu-Au) AZM has the largest exploration portfolio in Quebec including Elmer (Au) the Elmer gold discovery 500 km Montréal 27 properties 11,394 claims 5,472 km2
Slide 8: Azimut's positioning in the James Bay Region
Azimut’s positioning in the James Bay Region Pikwa (Cu-Au) Éléonore Gold Mine (Newmont) Elmer (Au) 100 km
Slide 9: Elmer Gold Discovery
Elmer Gold Discovery • 515 claims, 271 km2, 100%-owned by Azimut • A straightforward path to discovery 2018 - Map staking (July) - Initial discovery outcrop (October): sample returning 54.6 g/t Au 2019 - Prospecting and channel sampling (June to October) returning up to: 9.52 g/t Au / 7.1 m - Initia
Slide 10: Elmer Gold Discovery
Elmer Gold Discovery Current Status - Size of the mineralized zone: 400 m x 300 m x 40 m (up to 80 m thick) - Open along strike and at depth - Results pending for: 24 holes (3,766 m) High-density prospecting (544 samples) and till sampling (180 samples) Upside Potential - Structurally-controlled gol
Slide 11: Gold discovery within a 35-km-long highly prospective belt
Gold discovery within a 35-km-long highly prospective belt 5 km
Slide 12: Elmer Property, Patwon Gold Discovery Plan View
Elmer Property, Patwon Gold Discovery Drilling reported Drill intercepts, channels Plan View N Results and grabs > 5 g/t Gold 1 to 5 g/t Gold 0.5 to 1 g/t Gold Drilling Reported results Pending results 50 m Re: Press releases of Jan. 14, July 27 and Sept. 15, 2020
Slide 13: Patwon Gold Discovery Longitudinal Section
Elmer Property, Patwon Gold Discovery Schematic longitudinal section looking northwest SW NE OPEN OPEN Drill intercepts > 5 g/t Gold 1 to 5 g/t Gold 0.5 to 1 g/t Gold Drilling OPEN Reported results 50 m Pending results 50 m Re: Press releases of Jan. 14, July 27 and Sept. 15, 2020
Slide 14: Patwon Gold Discovery Cross-section
1.93 g/t Au / 82.0 m including 3.46 g/t Au / 44.1 m 0.81 g/t Au / 58.8 m including 1.40 g/t Au / 14.5 m 1.04 g/t Au / 25.0 m 2.61 g/t Au / 72.15 m including 20 m 3.59 g/t Au / 51.85 m 1.44 g/t Au / 58.2 m 3.85 g/t Au / 22.35 m including including 6.0 g/t Au / 7.15 m 19.34 g/t Au / 3.05 m Elmer Prope
Slide 15: Pikwa Major Copper-Gold Target
Pikwa Major Copper-Gold Target • 703 claims, 360 km2, 40-km-long property (SOQUEM-Azimut) Current status • Drill-ready target, 10-km long by 400-m wide: - Corridor of continuous chargeability anomalies (IP) - Strong polymetallic (Cu, Au, Ag, Mo) soil anomalies - Mineralized outcrops (up to 9.8% Cu,
Slide 16: Azimut-SOQUEM Strategic Alliance - Pikwa Property
Azimut-SOQUEM Strategic Alliance - Pikwa Property 10-km-long Copper-Gold Target Ready to Drill Strong regional-scale Copper anomaly in lake-bottom sediments centred on the Pikwa Property
Slide 17: Azimut-SOQUEM Strategic Alliance - Pikwa Property
Azimut-SOQUEM Strategic Alliance - Pikwa Property Copper Up to 20.1% Cu (boulder) Mineralization Up to 9.81% Cu, 13.45 g/t Au (outcrop) 10-km-long Copper-Gold Target Ready to Drill 1 km Ground Geophysics (Induced Polarization - Chargeability)
Slide 18: Azimut-SOQUEM Strategic Alliance - Pikwa Property
Azimut-SOQUEM Strategic Alliance - Pikwa Property Strong soil copper anomaly Ground Geophysics (Induced Polarization - Chargeability)
Slide 19: Rex Trend – Giant Copper Footprint
Rex Trend – Giant Copper Footprint Rex & Rex South Properties to unlock potential of a world -class target REX TREND ➢ 330 km long by 30 to 50 km 330 km wide lake-bottom sediment anomaly ➢ Underexplored, neglected giant target ➢ >30 mineralized zones (Cu-Au) ➢ $40 million option agreement with SOQUE
Slide 20: Rex Rex South
Rex Main Mineralized Prospects Gold ≥ 1 g/t Au (up to 580 g/t Au) and/or Copper ≥ 0.5% Cu (up to 13.65% Cu) See Press Release of January 7, 2020 Rex South 25 km
Slide 21: Financial Highlights
Financial Highlights • AZM founded in 1986 - 69.1 M shares outstanding (70.8 M fd) • Capital structure never consolidated - Float: ~ 23 M shares Ownership: - 5% insiders - 31% Quebec-based institutions - 28% corporate & private investors • $11.0 million working capital, no debt • One of the lowest s
Slide 22: Summary
Summary • Holder of the largest exploration portfolio in Quebec • Core business since 2003: Predictive modelling applied to mineral exploration alongside partnership development • Discovery of 500+ mineral prospects as a direct result of TM Azimut’s proprietary targeting methodology (AZtechMine ) •
Slide 23: 2020-21 Outlook
2020-21 Outlook $11 million planned exploration budget ➢ ELMER (Au) $4,500,000 Drilling >10,000 m ➢ Pikwa (Cu-Au) $900,000 Drilling 2,000 m ➢ Munischiwan (Cu-Au) $500,000 Drilling 1,200 m ➢ Wapatik (Au, Cu) $600,000 * Geophysics Geochemistry ➢ Rex & Rex South $4,000,000 * Drilling 4,200 m (Au, Cu-Au
Slide 24: Azimut Robust Organic Growth
Azimut Robust Organic Growth ➢ Gold discovery at Elmer ➢ Excellent financial position ➢ Strategic partnerships ➢ Consistent news flow
Slide 25: Thank you! Merci!
Thank you! Merci ! ᓇᑯᕐᒦᒃ ᑭᓇᓈᐢᑯᒥᑎᐣ 25
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