Slide 1: A Leading Multicommodity Explorer
AZ | M U T TSXV: EXPLORATION OTCQX: A Leading Multicommodity Explorer PDAC Conference March 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
28 Azimut: Highlights My eerie ° 2 £ 16,201 e & claims A UNIQUE EXPLORATION PORTFOLIO = 0 kr? i i : ukamas A Maturing Exploration Portfolio (Nickel - Copper. PCE) _— 4 2 Flagship Gold Projects Elmer (Gold) sean y © Copper Ekner : Au inf 515900 or at 94 ot Au yh, 12 blocks NS ny @ Nickel Wabamisk Au-
Slide 4: An Accelerating Rate Of Success
An Accelerating Rate Of Success WAPATIK GALINEE WABAMISK KUKAMAS NICKEL-COPPER LITHIUM GOLD-ANTIMONY NICKEL-PGE 4 A LEADING MULTICOMMODITY EXPLORER AZIMUT EXPLORATION | TSXV: AZM | OTCQX: AZMTF AZIMUT EXPLORATION
Slide 5: A Strategic Positioning in Quebec
A Strategic Positioning in Quebec ADDRESSING THE TECHNICAL AND FINANCIAL RISKS OF MINERAL EXPLORATION Au Commodity Exposure Others | +Sb 7 100% ~ Azimut . AZM- SOQUEM Li Rio Tinto option Ni “ KGHM option Ophir Other option Distribution based on number of claims oe A LEADING MULTICOMMODITY EXPLORER A
Slide 6: > 500 prospects identified
→ > 500 prospects identified →
Slide 7: Corporate Highlights
Corporate Highlights A SOLID FOUNDATION FOR FURTHER SUCCESS Capital Structure Cash CS9.4M Shares 85.7M Outstanding F/D: 92.5M ; C$0.55 Share Price 52-week H/L: CS0.86/ CS0.425 Market Cap ~CS47M 28, 2025, fion Gs Ot Februcry 27,2025, A LEADING MULTICOMMODITY EXPLORER Share Ownership 22% 31% Quebec-ba
Slide 8: Multicommodity Exposure
Aluminum Molybdenum Multicommodity Antimony —] | Nickel Bismuth Niobium Exposure Cesium —— Phosphorus 4 KEY MINERAL Chromium ;-—— Platinum group metals SYSTEMS PROVIDING Cobalt Potash Copper —_}——__, \ / , Rare earth elements EXPOSURE TO 16 Fluorspar / — Scandum CRITICAL MINERALS Gallium / Silicon m
Slide 9: Exploration Catalysts for 2025
4 Exploration Catalysts for 2025 TURNING TECHNICAL SUCCESS INTO FINANCIAL SUCCESS WABAMISK — Gold-Antimony » §,000m drill program completed » Drilling delineation of a multi-kilometre-long outstanding target ELMER - Gold, Copper-Gold » Quality targets near the Patwon deposit KUKAMAS - Nickel-Copper-
Slide 10: Azimut Exploration
AZIMUT EXPLORATION EE
Slide 11: Elmer & Wabamisk Project
Elmer & Wabamisk Project James Bay SOLE FUNDED GOLD Z PROJECTS wominay ® 4 Gold focus exploration with exposure to antimony and copper 4 Located proximal to Eleonore Mine 4 Close proximity to excellent infrastructure 4 Sustainable relationships with the Cree First Nations 4 Building scale on the bac
Slide 12: Wabamisk antimony-gold and lithium results map
BB 0.6% Cu, 0.5% Zn, 6 gitAg/ 1.4m (D) FORTIN. /~ 04% Zn, 0.18% Pb, 18 gHAGi 7.0 m ©) DOME 3.92% Sb, 0.3 g/t Au/ 14.0 m 2.44 git Au (G) othe ©) incl. 11.84% Sb, 1.18 git Au/ 3.0 m (C) g Erber 1.08% Sb, 0.53 git Au / 22.7 m (0) ae Feb rtclm LomESR ossORANITTESM OE ||, a4y 59 s7ogtanis LaTOUR g \ 240%
Slide 13: Wabamisk antimony Fortin Zone section
24.8% Sb, 1.36 gt Au (G) 1.01% Sb, 0.15 git Au! 17.85 m (0) 19.65% Sb(G) f jeaey apie) 0.51% 8b 17.55 m (0) | —\ 17.65% Sb, 2.48 git Au (G) 3.92% Sb, 0.3 git Au! 14.0 m incl \\ 17.1% Sb, 1.225 git Au (G) 11.84% Sb, 1.18 g/t Au / 3.0 m (C) (open) \ 14.95% 8b (G) \ 0.64% Sb, 0.38 git Au / 19.0 m (D) A
Slide 14: Antimony global production, uses and price
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 15: Equinox
EQUINOX 5.29% Cu, 1.02 g/t Au, 51.7 g/t Ag (G)
Slide 16: Figure as of November 21, 2023
Figure as of November 21, 2023
Slide 17: Nickel-Copper Portfolio
Nickel-Copper Portfolio AZIMUT EXPLORATION
Slide 18: Kukamas Project
Kukamas Project A MAGMATIC NICKEL DISCOVERY 4 Optioned to KGHM in late 2022 and operated by Azimut 4 2023: VTEM™Plus survey (3,199 line-km) led to the discovery of new nickel-copper showing, correlated with a km-long electromagnetic conductor 4 2024: Prospecting program confirms significant potentia
Slide 19: Perseus Zone
PERSEUS ZONE 7 i a ma. SSS 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: Ferti
Slide 20: 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 21: Lithium Portfolio
Lithium Portfolio \ PN AZIMUT EXPLORATION ‘ 7 Galinée - Drill Core
Slide 22: James Bay Region: World-Class Emerging Lithium Province
[A Ls / Shaakichiuwaanaan| ~*~ ,~¢ James Bay Region: . PIKWA i tN AZM-SOQUEM JV Delmas World-Class Emerging y— se —_—_e Lithium Province Gonos © Te nesouces AZIMUT HOLDS A SIGNIFICANT wn in : “a rat POSITION IN THE REGION . ston ORV ET Ba} 7 AZI ’ 2 { Renard Diamond Mini 4 7major projects identified
Slide 23: Galinée Property (AZM-SOQUEM JV)
Galinée Property (AZM-SOQUEM JV) Figure as of May 8, 2024
Slide 24: Wabamisk Lithos lithium targets
485,000 485,000 ° 3.28% Li014.06m(6) 742% LiL0 (6) Wa ba Ss k Baetiol tame” 7amLiole) m 124% LL0/3m(C) G4%LLO(C) I 3 1.79% Li0/2.94m(C) 6.16% Li,0 (G) 3 < 1.75% Li0/9.83m(C) 5.21% LisO (G) 3 = rer mrtg a 3 5 3.98% LizO (G) 3.85% Li (6) | \ 3.18% Li (6)) \, E in i 4 in 5.57% Li,O (G) OammLEO 208m (0)
Slide 25: Figure as of December 9, 2024
See close-up Figures See close-up Figures Figure as of December 9, 2024
Slide 26: Summary
SUMMARY » Azimut recognized as an Exploration Leader in Quebec » Focus on two gold flagship projects: Elmer, Wabamisk » Accelerating the delineation of recent discoveries: Kukamas, Wabamisk (Li) » Developing new partnerships oe A LEADING MULTICOMMODITY EXPLORER AZIMUT EXPLORATION | TSXV: AZM | OTCQX
Slide 27: TSXV: AZM OTCQX: AZMTF azimut-exploration.com
ᓇᑯᕐᒦᒃ ᑭᓇᓈᐢᑯᒥᑎᐣ TSXV: AZM OTCQX: AZMTF azimut-exploration.com