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Azimut Announces Partner-Funded Exploration Program at Kukumas Property in Quebec

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Azimut Exploration (AZM.V) said a partner-funded exploration program is starting on the Kukamas Property in Quebec.

The C$3.4-million will be deployed over the two blocks of the property. A 5,000-meter drilling campaign will be undertaken, primarily to expand the high-grade nickel-PGE (platinum group elements) Perseus Zone on the property, a statement said.

KGHM International, which has earned a 50% interest in Kukumas, is entering the second option phase to earn an additional 20% interest when it delivers a preliminary economic assessment. Azimut remains the operator of the 2026 program.

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