Azimut and SOQUEM Cut Thick Spodumene Pegmatites at Galinée, James Bay Region, Quebec - Seite 3

Spodumene crystals generally range from a few centimetres to half a metre long but occasionally reach gigantic sizes (up to 1.65 m). The colour ranges from whitish, greyish-beige to greenish-beige. A portable LIBS (Laser Induced Breakdown Spectroscopy) analyzer was used to confirm the presence of lithium. Other associated minerals include quartz, white feldspar, tourmaline and, less frequently, garnet, apatite, lepidolite and tantalite. Holmquistite, a typical lithium-bearing amphibole formed at the margins of lithium-rich pegmatites, is also observed. Dark green amphibolite is the dominant host rock.

Metallurgical Tests

SGS Canada (Lakefield, Ontario) has been retained to conduct preliminary metallurgical tests on the mineralization once the current drilling phase is completed.

Summary Results from the First Drilling Phase

The first phase of drilling yielded significant lithium pegmatite intervals (see press releases of January 9, February 23 and March 18, 2024):

Hole GAL23-001	2.48% Li2O over 72.7 metres including:
	3.38% Li2O over 18.0 metres
	3.27% Li2O over 12.7 metres
Hole GAL23-003	1.56% Li2O over 36.6 metres including:
	2.41% Li2O over 21.2 metres
Hole GAL23-009	2.13% Li2O over 44.1 metres including:
	3.35% Li2O over 13.0 metres
	1.13% Li2O over 16.5 metres including:
	1.69% Li2O over 9.2 metres
Hole GAL23-011	1.71% Li2O over 37.0 metres including:
	2.95% Li2O over 15.0 metres 2.24% Li2O over 7.0 metres
Hole GAL23-012	1.31% Li2O over 41.3 metres including:
	2.68% Li2O over 4.5 metres 2.75% Li2O over 12.7 metres
Hole GAL23-014	1.63% Li2O over 17.5 metres including:
	2.56% Li2O over 5.2 metres

Property-scale Exploration

Azimut and SOQUEM consider Galinée’s lithium potential to be largely underexplored. Azimut will conduct a comprehensive prospecting phase this summer to identify drill targets in highly prospective sectors with a cumulative length of 60 kilometres.