Azimut Exploration Inc.

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Description

Azimut Exploration Incorporated is a Canadian mineral exploration company trading on Toronto's TSX Venture Exchange. Its objective is to discover major ore deposits using an innovative targeting methodology combined with considerable exploration know-how. Azimut's portfolio includes 47 uranium, gold and nickel exploration properties in mining-friendly Quebec, making it the #1 claim-holder in the province. This landholding represents some 27,000 claims (13,100 km2), or about 10% of the active mineral claims in a province known around the world for its exceptional mineral potential and attractiveness as a mining jurisdiction. Azimut's unique strategy is to drastically reduce the technical and financial risks associated with exploration by generating quality targets and developing partnerships at an early stage. The Company has concluded 20 option agreements with 12 partners representing a potential cumulative investment of $57 million in exploration work and $7 million in payments. As of January 2009, scheduled partner-funded work amounts to $23 million, of which $9 million is for this year. Azimut's strategy of developing partnerships has allowed it to be essentially self-financing, raising approximately $2.7 million in a relatively non-dilutive fashion since May 2003. This kind of success can be credited to the efforts of a team with a rigorous and disciplined approach and considerable international experience in the mining industry. Learn more >>

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