Azimut's Lithium Discovery in Quebec: A Groundbreaking Opportunity
Exciting Lithium Discoveries in Quebec
Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) (OTCQX: AZMTF) is thrilled to share that it has made positive strides during its recent systematic field program on the Wabamisk East Property, located in the Eeyou Istchee James Bay region, Quebec. This summer exploration has uncovered impressive lithium findings that could significantly boost the Company's future prospects.
Partnership with Rio Tinto
The Wabamisk East Property is now part of a newly revised agreement with Rio Tinto Exploration Canada Inc. This partnership consolidates earlier agreements and is designed to maximize exploration efforts. According to this agreement, Rio Tinto has the opportunity to earn up to a 70% interest in the project by investing $85 million in exploration activities. Azimut takes the lead in the ongoing initial phase and is set to propose an aggressive program to Rio Tinto for early 2026.
Project Advancements in Lithium Exploration
In addition to the Wabamisk East Property, Azimut is actively pursuing two other promising discoveries on the adjacent Wabamisk Property: the Fortin Antimony-Gold Zone and the Rosa Gold Zone. These developments contribute to Azimut's commitment to advancing its exploration projects.
Significant Findings from Field Reconnaissance
Recent field reconnaissance has yielded remarkable results, notably identifying a large-scale system of spodumene pegmatites, which remain open in all directions and hold the potential for more discoveries under cover. Ongoing mechanical stripping is currently expanding the known footprint of these pegmatitic bodies, revealing numerous additional near-surface spodumene pegmatites across a minimum 4 square kilometer prospective area.
Sampling and Assay Results
Azimut has identified and sampled at least 86 distinct spodumene-bearing outcrops. This work follows the initial 2024 field survey, which recorded isolated historical samples grading at 0.34% Li2O. In 2025 alone, of the 109 grab samples collected, 63 returned grades exceeding 0.5% Li2O.
- 16 samples graded between 0.5% and 1.0% Li2O,
- 18 samples graded from 1.0% to 2.0% Li2O,
- 29 samples registered grades higher than 2.0% Li2O, reaching up to 6.93% Li2O.
In total, across both field seasons, 195 samples have been collected, revealing 110 graded higher than 1.0% Li2O, with 67 exceeding 2.0% Li2O.
Understanding the Lithium Corridor
The initial geometry of the pegmatite field at the site indicates that at Lithos-North, pegmatite bodies are oriented north-south, dipping to the east. These pegmatites are forming an extensive corridor measuring approximately 1.2 kilometers long and at least 250 meters wide – referred to as the “Lithium Corridor.” Further exploration at Lithos South also suggests the presence of additional pegmatitic bodies.
Mineral Composition and Geological Surroundings
Notable features of this lithium exploration include the appearance of coarse spodumene crystals and other minerals such as quartz, white feldspar, muscovite, apatite, and tourmaline. Additionally, lithium-bearing amphibole minerals have been identified in the adjacent host rocks, pointing toward the geological richness of this area.
The Importance of Exploration and Assay Protocols
Azimut ensures rigorous analytical protocols by utilizing ALS Laboratories for multi-element analysis of rock samples. The Company adheres to industry-standard QA/QC procedures in its sampling operations. The project is overseen by Alain Cayer, a geoscientist with extensive field experience.
Acknowledging the Qualified Person
Dr. Jean-Marc Lulin, the President and CEO of Azimut, has played a pivotal role in preparing and approving the scientific and technical information presented in this update.
Insight on Rio Tinto's Involvement
Rio Tinto, a leader in the mining sector, has entered the option agreement framework that allows for acquisition of an initial 50% interest in several properties via exploration expenditures. Ultimately, Azimut maintains its right to fund the project to production stages with favorable options for both parties involved.
Azimut's Expansive Portfolio
Azimut stands out in the mining field with a substantial exploration portfolio covering various minerals, including gold, copper, nickel, and lithium. The Company employs advanced analytics and exploration techniques through its proprietary AZtechMine™ expert system, giving it a competitive edge in the industry.
Strategic Partnerships and Future Development
The company boasts two notable strategic investors, Agnico Eagle Mines Limited and Centerra Gold Inc., ensuring robust financial support and credibility. Azimut continues to advance its projects while looking poised to capitalize on the burgeoning demand for lithium.
Frequently Asked Questions
What are the key discoveries made by Azimut?
Azimut has made significant lithium discoveries at the Wabamisk East Property, showcasing high-grade spodumene pegmatites in systematic field programs.
Who is involved in Azimut's lithium exploration?
Azimut collaborates with Rio Tinto Exploration Canada Inc., which provides strategic support and investment opportunities for exploration.
What is the geological significance of the Lithium Corridor?
The Lithium Corridor is a major discovery that indicates extensive mineral deposits under specific geological formations, potentially leading to significant resource developments.
How does Azimut ensure quality in its mining operations?
Azimut employs stringent analytical protocols and industry-standard quality assurance procedures for all their sampling and analysis efforts.
What advantages does Azimut's technology offer?
The proprietary AZtechMine™ system enhances big data analytics, providing Azimut with a competitive advantage in mineral exploration through advanced data analysis capabilities.
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