Azimut Defines Major Lithium Exploration Targets on its 100% owned James Bay Lithium Property, Quebec - Seite 2

JBL2 to JBL7 (563 claims in total, 288.7 km²)

• These six (6) claim blocks are east and north of the JBL1 claim block. Target screening has been conducted using the same parameters as JBL1 and will be subject to field prospecting. At least 82 distinct outcropping targets have been identified by combining lake sediment anomalies, known pegmatite outcrops and remote sensing analysis.

• The road to the Eleonore mine is about 15 km south of the JBL2, JBL3 and JBL4 claim blocks.
  

JBL8 to JBL12 (332 claims in total, 172 km²)

• These five (5) claim blocks are south of the Corvet Property (100% Azimut) which was recently optioned to Rio Tinto (see press release of July 10, 2023). The same criteria for the JBL1 to JBL7 blocks have been applied to the target selection on these claims. At least 16 distinct outcropping targets will be subject to field validation.
  

JBL13 (380 claims, 206.1 km²)

• This 17 by 21-kilometre claim block displays a strong footprint combining lithium-cesium-rubidium-gallium in lake sediments. It is about 30 km east of the all-season Billy-Diamond Highway and 115 km west of the Moblan lithium deposit (Sayona-SOQUEM).
  

Azimut’s Targeting Approach

The Company’s proprietary AZtechMine processing approach uses regional-scale numerical data (multi-element lake sediment geochemistry, magnetic data, and gravity data) to characterize the specific footprints of already known mineralized systems in the bedrock and previously unrecognized/unexplored areas with comparable footprints. These unrecognized areas may represent new exploration targets, which are further outlined and ranked by considering additional criteria (geology, structures, etc.).

Azimut conducted a predictive analysis for lithium over the James Bay region (154,555 km²) using lake sediment geochemistry to extract the statistical footprints of known mineralized sites (deposits, prospects). The resulting regional-scale prospectivity map indicates that known bedrock-hosted lithium mineralization is generally characterized by a composite lithium-cesium-rubidium-gallium-tin footprint in proximal lake sediments. At the current early stage of regional lithium exploration, numerous targets still need to be validated in the field. This will lead to further refine Azimut’s predictive modelling for the region.