Azimut Exploration, Inc. · TSXV:AZM
Azimut Exploration — Investor Presentation (May 2024)
26 slides from Azimut Exploration's investor presentation, May 2024
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: Azimut: A Strategic Positioning in Quebec
e . ° Rex Trend (Copper-Gold) 31 Azimut: A Strategic 7 Seoerion ene e e z e Positioning in Quebec Ce bod ~ * 8,290 km2 LARGEST EXPLORATION PORTFOLIO IN A A STABLE JURISDICTION A Flagship Gold Project © Gold lagship Gold Projec A Ema Patwon Deposit @ Copper eo ege saps . @ Nickel A Si gnificant Lithi
Slide 4: Corporate Highlights
Corporate Highlights THE RIGHT INGREDIENTS FOR SUCCESS Capital Structure Working Capital CS$10.3M Shares 85.4M Outstanding F/D: 92.0M CS0.61 Share Price 52-week H/L: C$1.42 / CSO.58 Market Cap ~CS50M Working Copitalas at February 29, 2024 Shares Outstanding as at April 18, 2024 4 Track record of low
Slide 5: 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 t
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 £ | Senior mining executive, geologist with > 40 years of experience in North America, Africaand 435 years of international experie
Slide 7: Lithium Portfolio
Lithium Portfolio AZIMUT EXPLORATION
Slide 8: Quebec, a Leader in the Green Energy Transition
Quebec, a Leader stanley in the Green Aiport ¢ Power dam Energy Transition ower ine James Bay Lithium deposits & major occurrences Railway Azimut's lithium James Bay Lithium Mineral Province properties 4 Outstanding geologic context for LCT pegmatites 4 Initial exploration stage MINING 4 Sustainable
Slide 9: James Bay Region: World-Class Emerging Lithium Province
Corvette “a Patriot Battery ‘| / - Metals oO James Bay Region: World-Class Emerging Lithium Province AZIMUT HOLDS A SIGNIFICANT POSITION IN THE REGION 4 5 major projects identified as highly prospective for lithium 4 Two JV projects with SOQUEM in the immediate proximity of discoveries by Patriot Ba
Slide 10: Galinée Property
Ind. - 61.4 Mt at 1.14% Li2O Inf. - 16.5 Mt at 1.19% Li2O Galinée Property (AZM-SOQUEM JV) Figure as of May 8, 2024
Slide 11: Adina Property (Winsome)
Adina Property (Winsome) Figure as of May 8, 2024
Slide 12: Galinée Project: Phase II Program Delivering Outstanding Intervals
Section 668,535 E Adina Property (Winsome) Galinée Property (Azimut - SOQUEM JV) Property boundary . GAL23-001 Main Zone GAL23-011, GAL23-009, 2209 200 ma092 2005 22.001 22008 GAL24-018 GAL23-010 GAL24.019A GAL23-015 BOORE SAM, & « 2.36% Liz0/ 7.6m 7 400 RL Footwall Zone pad ‘ < < vt & pied 300 RL 2
Slide 13: Galinée Project: Phase II Program Delivering Outstanding Intervals
Section 668,435 E Adina Property (Winsome) Galinée Property (Azimut - SOQUEM JV) Property boundary Mat Zone asl GAL23-014, — Gai23.012, ‘22-008 ‘23138 24-165 23-099 24-174 23128 GAL24-025 GAL23-013 t 7) ; ; ii ME > 21.0 Hl 1%-2%UL0 i <mu.0 [ Stedumene-bearing pegmatite {om Galinge ¢riling (resus pen
Slide 14: Galinée Project: Phase II Program Delivering Outstanding Intervals
Section 668,635 E Adina Property (Winsome) Galinée Property (Azimut - SOQUEM JV) Property boundary Main Zone zoe zoe 205 oy151 aad GAL24-020 Ex ae B13) 22.068 23081 ro.o11 215 7.185 “te §~=GAL24-021 GAL24-023 a S00 RU a < L hes | ‘ ee ! i oe, ae wn a 4 he : < « & a Was i ee a 4 ¥ I Th od _ by AIS Wy
Slide 15: Figure as of July 10, 2023
JBN-57 sold to Patriot AZM - 2% NSR (Azimut-Rio Tinto Option) (Azimut-Rio Tinto Option) Figure as of July 10, 2023
Slide 16: AZM - 2% NSR
AZM -2% NSR Figure as of July 10, 2023
Slide 17: Figure as of August 28, 2023
Figure as of August 28, 2023 430,000
Slide 18: Elmer Gold Discovery
~~ ~*~ —_ Elmer Gold Discovery Aaa ~
Slide 19: Elmer Gold Project
w Chisasioi Elmer Gold . Project QUALITY GOLD ASSET IN THE JAMES BAY REGION o 4 Drilling discovery in 2020 4 Initial Resource Estimate in 2023 4 Located 100 km west of the Eleonore Gold Mine (Newmont), James Bay Region James Bay Eastmain @ \ 4 Close proximity to excellent infrastructure 4 Paved high
Slide 20: Figure as of November 21, 2023
Figure as of November 21, 2023
Slide 21: Elmer Gold: Selected Drill Intercepts, Channels and Grabs
ome 02.82 9h Au (@) pair’ 18.25 gf Au (G) Besguan aa tras gh au) ‘WOLF we cr S) 0.5 git Au, 45.0 git Ag / 30 m (0) 8.56 git Au (G) aa geau(e) 5 0.36 git Au/ 31.0 m(D) a parhas thet 288 gta! Tarsnau te) | \ 27 gft Au, 5.0% 2n/1 m0) y 83 gtAuia) wel Es anu 10m) Bee | dB ghaul tm () 58.2 git Au \ | ren
Slide 22: Other Exploration Activities
Other Exploration Activities AZIMUT EXPLORATION
Slide 23: Leveraging Three Active Partnerships in the James Bay
Exploration cay. Partnerships \ LEVERAGING THREE ACTIVE PARTNERSHIPS IN THE JAMES BAY LEGEND Kukamas Copper/Gold Project as TE) ‘ @ Mine 2 4 \ JB Lithium \ si 4 One of the strongest Cu-Au footprints in = ~~ es 4 aa “ lake bottom sediments in the region Meany} Eleonore Gold o vitosbene i Mine — rer N
Slide 24: Kukamas Project
Kukamas Project A HIGHLY PROSPECTIVE AND UNDEREXPLORED GREENSTONE BELT 4 Large property package: 41 km strike length 4 One of the strongest Cu-Au footprints in lake bottom sediments in the James Bay region 4 A3,200-line-kilometre helicopter-borne magnetic and VTEM™Plus electromagnetic survey complet
Slide 25: Summary
Summary MINIMUM $10M EXPLORATION BUDGET FOR 2024, incl. $6M PARTNER-FUNDED . Galinée Expand along strike and : . near surface Pikwa /Pontois Pence) LGreincieye! Major positioning for Wapatik / Pilipas critical metals Test well-defined surrounding targets “eulcannee A LEADING MULTICOMMODITY EXPLORER
Slide 26: TSXV: AZM OTCQX: AZMTF azimut-exploration.com
ᓇᑯᕐᒦᒃ ᑭᓇᓈᐢᑯᒥᑎᐣ TSXV: AZM OTCQX: AZMTF azimut-exploration.com
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