Azimut Exploration Inc.

JB Lithium

Region

James Bay

Size

153,900 Ha

Metals

Target Style

Li-Bearing Pegmatite Deposit

Stage

Early Stage - Technical Assessment

Operator

AZM

Ownership

100% Azimut

2024 Planned Program

Prospecting, possibly drilling

Introduction

In late 2022, Azimut’s completed a lithium potential assessment at the scale of the James Bay region, which identified multiple prospective lithium targets with even stronger footprints than known lithium deposits in the region. The Company acquired thirteen claim blocks by map designation to cover these unexplored targets, collectively forming the James Bay Lithium (“JBL”) Project (PR of January 23, 2023). All but one of the blocks lie within 75 km to the south of the Trans-Taiga Road, and 6 of these, including the largest claim block, are close to Newmont’s Eleonore mine. Lithium is considered a critical commodity by the Quebec and Canadian governments for economic security and the transition to a low-carbon economy.

The JBL Project covers strong regional Li, Cs, Rb, Ga and Sn anomalies in lake-bottom sediment that may reveal significant spodumene-bearing pegmatite bodies in close vicinity (classically at kilometre-scale or less). The claim blocks can be efficiently assessed using exploration protocols already implemented by Azimut at the scale of the James Bay region, notably through in-fill lake-bottom sediment surveys, advanced data processing and prospecting.

The JBL property comprises 13 claim blocks (2,954 claims) that Azimut will explore through self-funded programs.

JBL1 (1,679 claims, 872.3 km²)

This 52-km-long by 28-km-wide claim block corresponds to a prominent regional-scale lithium-prospective area identified through the Company’s systematic multi-parameter data processing conducted at the scale of the James Bay region (over 154,555 km2) (see press release of January 23, 2023).
JBL1 is ranked by Azimut as one of the strongest and largest lithium footprints in lake sediments in the James Bay region, supported by other pathfinder elements (cesium, rubidium, gallium, and tin) related to LCT pegmatites. These geochemical anomalies generally correlate well with already recognized pegmatites and peraluminous granites with pegmatitic textures. Multispectral remote sensing analysis led to the recognition of numerous additional quality targets (>100). Substantial prospecting work will soon commence for this claim block. Azimut believes that the features of the JBL1 targets are very promising, and their field validation is a critical step.
Quality infrastructure (roads, power lines) is present near the claim block, including the access road to the Eleonore mine (Newmont) 35 km to the east.

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

These 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 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).