# Azimut and KGHM Expand the High-Grade Nickel-PGE Perseus Zone, Kukamas Property, James Bay Region, Quebec

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/azimut-and-kghm-expand-the-high-grade-nickel-pge-perseus-zone-kukamas-property-j--76747e38-402b-4b0b-8ff2-1abe1ef07f2e

Original source: https://money.tmx.com/en/quote/AZM/news/8716715947585467/azimut-and-kghm-expand-the-high-grade-nickel-pge-perseus-zone-kukamas-property-j

Publisher: tmx

Original announcement: 2026-02-26T11:30:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Azimut Exploration Inc.

- Ticker: AZM

- Exchange: TSX

- Region: Quebec

- Primary commodity: Nickel

- Secondary commodities: Pge, Copper

- Document categories: Drill results, Agreement transaction

- Extracted: 2026-08-24 06:48:48 UTC

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas summary

Azimut Exploration and KGHM have announced high-grade nickel and PGE drill results from the 2025 program at the Kukamas Property in Quebec, expanding the Perseus Main Zone. Several intercepts returned exceptional nickel grades, including 9.15% Ni over 1.60 m and 5.44% Ni over 1.00 m, alongside significant PGE values. KGHM has elected to proceed with the second option phase, committing to further funding and work programs.

Reasoning: The drill results from the Kukamas Property show high-grade nickel and PGE intercepts over significant widths, expanding the known mineralization in the Perseus Main Zone. The commitment of KGHM to further funding underscores the project's potential, despite some unsuccessful exploration in the Perseus North area and lack of true width disclosure.

- Positive factor: High-grade nickel and PGE intercepts, particularly in the Perseus Main Zone, exceeding exceptional thresholds for nickel and strong/exceptional for PGE.

- Positive factor: Significant widths of mineralization, with several intercepts over 10m and some over 20m.

- Positive factor: Expansion of the Perseus Main Zone along strike and at depth, indicating continuity.

- Positive factor: KGHM's decision to enter the second option phase, demonstrating partner confidence and continued funding.

- Positive factor: Explicit mention of industry-standard QA/QC procedures and a Qualified Person sign-off.

- Negative factor: No true width disclosed for any intercepts, which could impact the interpretation of the reported lengths.

- Negative factor: Perseus North targets did not yield significant sulphides in komatiite units, indicating some exploration targets were unsuccessful.

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 29

## Classification and evidence

No classification tags are available.

## Extracted facts

Stored fact records: 29. Some facts used in scoring do not have a stored record.

## Drill Results (29)

### KUK25-010

[Link to this fact](https://atlas-staging.minestarters.com/news/azimut-and-kghm-expand-the-high-grade-nickel-pge-perseus-zone-kukamas-property-j--76747e38-402b-4b0b-8ff2-1abe1ef07f2e#fact-drill-facts-0)

Kukamas Property · nickel

#### Identity

- Hole ID: KUK25-010
- Project: Kukamas Property
- Commodity: nickel
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: AZM

#### Geometry

- Grade: 1.41
- Grade Unit: %
- Intercept: 15.25 m
- From: 42.5 m
- To: 57.75 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: KUK25-010:42.5-57.75
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Laboratories
- QA/QC Disclosed: Yes
- Lab Certified: No
- QP Signed: Yes
- QA/QC Methods: blanks, standards, field\_duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-26T00:00:00.000Z

Reasoning: This intercept shows a strong nickel grade over a moderate width, contributing to the expansion of the Perseus Main Zone.

- Positive factor: Strong nickel grade for the inferred mining method.

- Positive factor: Moderate intercept length.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · text

> 1.41% Ni, 0.15% Cu, 0.85 g/t PGE over 15.25 m \(from 42.50 m to 57.75 m\)

### KUK25-010

[Link to this fact](https://atlas-staging.minestarters.com/news/azimut-and-kghm-expand-the-high-grade-nickel-pge-perseus-zone-kukamas-property-j--76747e38-402b-4b0b-8ff2-1abe1ef07f2e#fact-drill-facts-1)

Kukamas Property · copper

#### Identity

- Hole ID: KUK25-010
- Project: Kukamas Property
- Commodity: copper
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: AZM

#### Geometry

- Grade: 0.15
- Grade Unit: %
- Intercept: 15.25 m
- From: 42.5 m
- To: 57.75 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: KUK25-010:42.5-57.75
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Laboratories
- QA/QC Disclosed: Yes
- Lab Certified: No
- QP Signed: Yes
- QA/QC Methods: blanks, standards, field\_duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-26T00:00:00.000Z

Reasoning: The copper grade is weak, but it is a byproduct to the primary nickel mineralization.

- Negative factor: Weak copper grade for the inferred mining method.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · text

> 0.15% Cu

### KUK25-010

[Link to this fact](https://atlas-staging.minestarters.com/news/azimut-and-kghm-expand-the-high-grade-nickel-pge-perseus-zone-kukamas-property-j--76747e38-402b-4b0b-8ff2-1abe1ef07f2e#fact-drill-facts-2)

Kukamas Property · pge

#### Identity

- Hole ID: KUK25-010
- Project: Kukamas Property
- Commodity: pge
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: AZM

#### Geometry

- Grade: 0.85
- Grade Unit: g/t
- Intercept: 15.25 m
- From: 42.5 m
- To: 57.75 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: KUK25-010:42.5-57.75
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Laboratories
- QA/QC Disclosed: Yes
- Lab Certified: No
- QP Signed: Yes
- QA/QC Methods: blanks, standards, field\_duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-26T00:00:00.000Z

Reasoning: This intercept shows a moderate PGE grade over a moderate width, adding value to the nickel mineralization.

- Positive factor: Moderate PGE grade for the inferred mining method.

- Positive factor: Moderate intercept length.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · text

> 0.85 g/t PGE

### KUK25-010

[Link to this fact](https://atlas-staging.minestarters.com/news/azimut-and-kghm-expand-the-high-grade-nickel-pge-perseus-zone-kukamas-property-j--76747e38-402b-4b0b-8ff2-1abe1ef07f2e#fact-drill-facts-3)

Kukamas Property · nickel

#### Identity

- Hole ID: KUK25-010
- Project: Kukamas Property
- Commodity: nickel
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: AZM

#### Geometry

- Grade: 1.77
- Grade Unit: %
- Intercept: 10.75 m
- From: 47 m
- To: 57.75 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: KUK25-010:47.0-57.75
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Laboratories
- QA/QC Disclosed: Yes
- Lab Certified: No
- QP Signed: Yes
- QA/QC Methods: blanks, standards, field\_duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-26T00:00:00.000Z

Reasoning: This sub-interval shows a strong nickel grade over a moderate width, enhancing the overall intercept.

- Positive factor: Strong nickel grade for the inferred mining method.

- Positive factor: Moderate intercept length.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · text

> 1.77% Ni, 0.18% Cu, 1.11 g/t PGE over 10.75 m \(from 47.00 m to 57.75 m\)

### KUK25-010

[Link to this fact](https://atlas-staging.minestarters.com/news/azimut-and-kghm-expand-the-high-grade-nickel-pge-perseus-zone-kukamas-property-j--76747e38-402b-4b0b-8ff2-1abe1ef07f2e#fact-drill-facts-4)

Kukamas Property · copper

#### Identity

- Hole ID: KUK25-010
- Project: Kukamas Property
- Commodity: copper
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: AZM

#### Geometry

- Grade: 0.18
- Grade Unit: %
- Intercept: 10.75 m
- From: 47 m
- To: 57.75 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: KUK25-010:47.0-57.75
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Laboratories
- QA/QC Disclosed: Yes
- Lab Certified: No
- QP Signed: Yes
- QA/QC Methods: blanks, standards, field\_duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-26T00:00:00.000Z

Reasoning: The copper grade is weak, but it is a byproduct to the primary nickel mineralization.

- Negative factor: Weak copper grade for the inferred mining method.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · text

> 0.18% Cu

### KUK25-010

[Link to this fact](https://atlas-staging.minestarters.com/news/azimut-and-kghm-expand-the-high-grade-nickel-pge-perseus-zone-kukamas-property-j--76747e38-402b-4b0b-8ff2-1abe1ef07f2e#fact-drill-facts-5)

Kukamas Property · pge

#### Identity

- Hole ID: KUK25-010
- Project: Kukamas Property
- Commodity: pge
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: AZM

#### Geometry

- Grade: 1.11
- Grade Unit: g/t
- Intercept: 10.75 m
- From: 47 m
- To: 57.75 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: KUK25-010:47.0-57.75
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Laboratories
- QA/QC Disclosed: Yes
- Lab Certified: No
- QP Signed: Yes
- QA/QC Methods: blanks, standards, field\_duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-26T00:00:00.000Z

Reasoning: This sub-interval shows a moderate PGE grade over a moderate width, adding value to the nickel mineralization.

- Positive factor: Moderate PGE grade for the inferred mining method.

- Positive factor: Moderate intercept length.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · text

> 1.11 g/t PGE

### KUK25-010

[Link to this fact](https://atlas-staging.minestarters.com/news/azimut-and-kghm-expand-the-high-grade-nickel-pge-perseus-zone-kukamas-property-j--76747e38-402b-4b0b-8ff2-1abe1ef07f2e#fact-drill-facts-6)

Kukamas Property · nickel

#### Identity

- Hole ID: KUK25-010
- Project: Kukamas Property
- Commodity: nickel
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: AZM

#### Geometry

- Grade: 3.09
- Grade Unit: %
- Intercept: 2.7 m
- From: 53.7 m
- To: 56.4 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: KUK25-010:53.7-56.4
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Laboratories
- QA/QC Disclosed: Yes
- Lab Certified: No
- QP Signed: Yes
- QA/QC Methods: blanks, standards, field\_duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-26T00:00:00.000Z

Reasoning: This high-grade sub-interval significantly boosts the overall intercept quality, despite its narrow width.

- Positive factor: Exceptional nickel grade for the inferred mining method.

- Negative factor: Narrow intercept length.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · text

> 3.09% Ni, 0.26% Cu, 1.85 g/t PGE over 2.70 m \(from 53.70 m to 56.40 m\)

### KUK25-010

[Link to this fact](https://atlas-staging.minestarters.com/news/azimut-and-kghm-expand-the-high-grade-nickel-pge-perseus-zone-kukamas-property-j--76747e38-402b-4b0b-8ff2-1abe1ef07f2e#fact-drill-facts-7)

Kukamas Property · copper

#### Identity

- Hole ID: KUK25-010
- Project: Kukamas Property
- Commodity: copper
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: AZM

#### Geometry

- Grade: 0.26
- Grade Unit: %
- Intercept: 2.7 m
- From: 53.7 m
- To: 56.4 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: KUK25-010:53.7-56.4
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Laboratories
- QA/QC Disclosed: Yes
- Lab Certified: No
- QP Signed: Yes
- QA/QC Methods: blanks, standards, field\_duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-26T00:00:00.000Z

Reasoning: The copper grade is weak, but it is a byproduct to the primary nickel mineralization.

- Negative factor: Weak copper grade for the inferred mining method.

- Negative factor: Narrow intercept length.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · text

> 0.26% Cu

### KUK25-010

[Link to this fact](https://atlas-staging.minestarters.com/news/azimut-and-kghm-expand-the-high-grade-nickel-pge-perseus-zone-kukamas-property-j--76747e38-402b-4b0b-8ff2-1abe1ef07f2e#fact-drill-facts-8)

Kukamas Property · pge

#### Identity

- Hole ID: KUK25-010
- Project: Kukamas Property
- Commodity: pge
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: AZM

#### Geometry

- Grade: 1.85
- Grade Unit: g/t
- Intercept: 2.7 m
- From: 53.7 m
- To: 56.4 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: KUK25-010:53.7-56.4
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Laboratories
- QA/QC Disclosed: Yes
- Lab Certified: No
- QP Signed: Yes
- QA/QC Methods: blanks, standards, field\_duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-26T00:00:00.000Z

Reasoning: This high-grade sub-interval significantly boosts the overall intercept quality, despite its narrow width.

- Positive factor: Strong PGE grade for the inferred mining method.

- Negative factor: Narrow intercept length.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · text

> 1.85 g/t PGE

### KUK25-012

[Link to this fact](https://atlas-staging.minestarters.com/news/azimut-and-kghm-expand-the-high-grade-nickel-pge-perseus-zone-kukamas-property-j--76747e38-402b-4b0b-8ff2-1abe1ef07f2e#fact-drill-facts-9)

Kukamas Property · nickel

#### Identity

- Hole ID: KUK25-012
- Project: Kukamas Property
- Commodity: nickel
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: AZM

#### Geometry

- Grade: 1.77
- Grade Unit: %
- Intercept: 7.5 m
- From: 19.5 m
- To: 27 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: KUK25-012:19.5-27.0
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Laboratories
- QA/QC Disclosed: Yes
- Lab Certified: No
- QP Signed: Yes
- QA/QC Methods: blanks, standards, field\_duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-26T00:00:00.000Z

Reasoning: This intercept shows a strong nickel grade over a moderate width, contributing to the expansion of the Perseus Main Zone.

- Positive factor: Strong nickel grade for the inferred mining method.

- Positive factor: Moderate intercept length.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · text

> 1.77% Ni, 0.20% Cu, 1.04 g/t PGE over 7.50 m \(from 19.5 m to 27.0 m\)

### KUK25-012

[Link to this fact](https://atlas-staging.minestarters.com/news/azimut-and-kghm-expand-the-high-grade-nickel-pge-perseus-zone-kukamas-property-j--76747e38-402b-4b0b-8ff2-1abe1ef07f2e#fact-drill-facts-10)

Kukamas Property · copper

#### Identity

- Hole ID: KUK25-012
- Project: Kukamas Property
- Commodity: copper
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: AZM

#### Geometry

- Grade: 0.2
- Grade Unit: %
- Intercept: 7.5 m
- From: 19.5 m
- To: 27 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: KUK25-012:19.5-27.0
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Laboratories
- QA/QC Disclosed: Yes
- Lab Certified: No
- QP Signed: Yes
- QA/QC Methods: blanks, standards, field\_duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-26T00:00:00.000Z

Reasoning: The copper grade is weak, but it is a byproduct to the primary nickel mineralization.

- Negative factor: Weak copper grade for the inferred mining method.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · text

> 0.20% Cu

### KUK25-012

[Link to this fact](https://atlas-staging.minestarters.com/news/azimut-and-kghm-expand-the-high-grade-nickel-pge-perseus-zone-kukamas-property-j--76747e38-402b-4b0b-8ff2-1abe1ef07f2e#fact-drill-facts-11)

Kukamas Property · pge

#### Identity

- Hole ID: KUK25-012
- Project: Kukamas Property
- Commodity: pge
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: AZM

#### Geometry

- Grade: 1.04
- Grade Unit: g/t
- Intercept: 7.5 m
- From: 19.5 m
- To: 27 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: KUK25-012:19.5-27.0
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Laboratories
- QA/QC Disclosed: Yes
- Lab Certified: No
- QP Signed: Yes
- QA/QC Methods: blanks, standards, field\_duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-26T00:00:00.000Z

Reasoning: This intercept shows a moderate PGE grade over a moderate width, adding value to the nickel mineralization.

- Positive factor: Moderate PGE grade for the inferred mining method.

- Positive factor: Moderate intercept length.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · text

> 1.04 g/t PGE

### KUK25-012

[Link to this fact](https://atlas-staging.minestarters.com/news/azimut-and-kghm-expand-the-high-grade-nickel-pge-perseus-zone-kukamas-property-j--76747e38-402b-4b0b-8ff2-1abe1ef07f2e#fact-drill-facts-12)

Kukamas Property · nickel

#### Identity

- Hole ID: KUK25-012
- Project: Kukamas Property
- Commodity: nickel
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: AZM

#### Geometry

- Grade: 5.44
- Grade Unit: %
- Intercept: 1 m
- From: 21 m
- To: 22 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: KUK25-012:21.0-22.0
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Laboratories
- QA/QC Disclosed: Yes
- Lab Certified: No
- QP Signed: Yes
- QA/QC Methods: blanks, standards, field\_duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-26T00:00:00.000Z

Reasoning: This high-grade sub-interval significantly boosts the overall intercept quality, despite its narrow width.

- Positive factor: Exceptional nickel grade for the inferred mining method.

- Negative factor: Narrow intercept length.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · text

> 5.44% Ni, 0.30% Cu, 2.29 g/t PGE over 1.00 m \(from 21.00 to 22.00 m\)

### KUK25-012

[Link to this fact](https://atlas-staging.minestarters.com/news/azimut-and-kghm-expand-the-high-grade-nickel-pge-perseus-zone-kukamas-property-j--76747e38-402b-4b0b-8ff2-1abe1ef07f2e#fact-drill-facts-13)

Kukamas Property · copper

#### Identity

- Hole ID: KUK25-012
- Project: Kukamas Property
- Commodity: copper
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: AZM

#### Geometry

- Grade: 0.3
- Grade Unit: %
- Intercept: 1 m
- From: 21 m
- To: 22 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: KUK25-012:21.0-22.0
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Laboratories
- QA/QC Disclosed: Yes
- Lab Certified: No
- QP Signed: Yes
- QA/QC Methods: blanks, standards, field\_duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-26T00:00:00.000Z

Reasoning: The copper grade is weak, but it is a byproduct to the primary nickel mineralization.

- Positive factor: Weak copper grade for the inferred mining method.

- Negative factor: Narrow intercept length.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · text

> 0.30% Cu

### KUK25-012

[Link to this fact](https://atlas-staging.minestarters.com/news/azimut-and-kghm-expand-the-high-grade-nickel-pge-perseus-zone-kukamas-property-j--76747e38-402b-4b0b-8ff2-1abe1ef07f2e#fact-drill-facts-14)

Kukamas Property · pge

#### Identity

- Hole ID: KUK25-012
- Project: Kukamas Property
- Commodity: pge
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: AZM

#### Geometry

- Grade: 2.29
- Grade Unit: g/t
- Intercept: 1 m
- From: 21 m
- To: 22 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: KUK25-012:21.0-22.0
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Laboratories
- QA/QC Disclosed: Yes
- Lab Certified: No
- QP Signed: Yes
- QA/QC Methods: blanks, standards, field\_duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-26T00:00:00.000Z

Reasoning: This high-grade sub-interval significantly boosts the overall intercept quality, despite its narrow width.

- Positive factor: Strong PGE grade for the inferred mining method.

- Negative factor: Narrow intercept length.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · text

> 2.29 g/t PGE

### KUK25-013

[Link to this fact](https://atlas-staging.minestarters.com/news/azimut-and-kghm-expand-the-high-grade-nickel-pge-perseus-zone-kukamas-property-j--76747e38-402b-4b0b-8ff2-1abe1ef07f2e#fact-drill-facts-15)

Kukamas Property · nickel

#### Identity

- Hole ID: KUK25-013
- Project: Kukamas Property
- Commodity: nickel
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: AZM

#### Geometry

- Grade: 4.27
- Grade Unit: %
- Intercept: 8.6 m
- From: 45 m
- To: 53.6 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: KUK25-013:45.0-53.6
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Laboratories
- QA/QC Disclosed: Yes
- Lab Certified: No
- QP Signed: Yes
- QA/QC Methods: blanks, standards, field\_duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-26T00:00:00.000Z

Reasoning: This intercept shows exceptional nickel grade over a moderate width, representing a significant result for the Perseus Main Zone.

- Positive factor: Exceptional nickel grade for the inferred mining method.

- Positive factor: Moderate intercept length.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · text

> 4.27% Ni, 0.45% Cu, 2.63 g/t PGE over 8.60 m \(from 45.00 m to 53.60 m\)

### KUK25-013

[Link to this fact](https://atlas-staging.minestarters.com/news/azimut-and-kghm-expand-the-high-grade-nickel-pge-perseus-zone-kukamas-property-j--76747e38-402b-4b0b-8ff2-1abe1ef07f2e#fact-drill-facts-16)

Kukamas Property · copper

#### Identity

- Hole ID: KUK25-013
- Project: Kukamas Property
- Commodity: copper
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: AZM

#### Geometry

- Grade: 0.45
- Grade Unit: %
- Intercept: 8.6 m
- From: 45 m
- To: 53.6 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: KUK25-013:45.0-53.6
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Laboratories
- QA/QC Disclosed: Yes
- Lab Certified: No
- QP Signed: Yes
- QA/QC Methods: blanks, standards, field\_duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-26T00:00:00.000Z

Reasoning: The copper grade is weak, but it is a byproduct to the primary nickel mineralization.

- Positive factor: Weak copper grade for the inferred mining method.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · text

> 0.45% Cu

### KUK25-013

[Link to this fact](https://atlas-staging.minestarters.com/news/azimut-and-kghm-expand-the-high-grade-nickel-pge-perseus-zone-kukamas-property-j--76747e38-402b-4b0b-8ff2-1abe1ef07f2e#fact-drill-facts-17)

Kukamas Property · pge

#### Identity

- Hole ID: KUK25-013
- Project: Kukamas Property
- Commodity: pge
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: AZM

#### Geometry

- Grade: 2.63
- Grade Unit: g/t
- Intercept: 8.6 m
- From: 45 m
- To: 53.6 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: KUK25-013:45.0-53.6
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Laboratories
- QA/QC Disclosed: Yes
- Lab Certified: No
- QP Signed: Yes
- QA/QC Methods: blanks, standards, field\_duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-26T00:00:00.000Z

Reasoning: This intercept shows strong PGE grade over a moderate width, adding significant value to the nickel mineralization.

- Positive factor: Strong PGE grade for the inferred mining method.

- Positive factor: Moderate intercept length.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · text

> 2.63 g/t PGE

### KUK25-013

[Link to this fact](https://atlas-staging.minestarters.com/news/azimut-and-kghm-expand-the-high-grade-nickel-pge-perseus-zone-kukamas-property-j--76747e38-402b-4b0b-8ff2-1abe1ef07f2e#fact-drill-facts-18)

Kukamas Property · nickel

#### Identity

- Hole ID: KUK25-013
- Project: Kukamas Property
- Commodity: nickel
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: AZM

#### Geometry

- Grade: 6.32
- Grade Unit: %
- Intercept: 4.6 m
- From: 49 m
- To: 53.6 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: KUK25-013:49.0-53.6
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Laboratories
- QA/QC Disclosed: Yes
- Lab Certified: No
- QP Signed: Yes
- QA/QC Methods: blanks, standards, field\_duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-26T00:00:00.000Z

Reasoning: This high-grade sub-interval significantly boosts the overall intercept quality, despite its moderate width.

- Positive factor: Exceptional nickel grade for the inferred mining method.

- Positive factor: Moderate intercept length.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · text

> 6.32% Ni, 0.65% Cu, 3.59 g/t PGE over 4.60 m \(from 49.00 m to 53.60 m\)

### KUK25-013

[Link to this fact](https://atlas-staging.minestarters.com/news/azimut-and-kghm-expand-the-high-grade-nickel-pge-perseus-zone-kukamas-property-j--76747e38-402b-4b0b-8ff2-1abe1ef07f2e#fact-drill-facts-19)

Kukamas Property · copper

#### Identity

- Hole ID: KUK25-013
- Project: Kukamas Property
- Commodity: copper
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: AZM

#### Geometry

- Grade: 0.65
- Grade Unit: %
- Intercept: 4.6 m
- From: 49 m
- To: 53.6 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: KUK25-013:49.0-53.6
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Laboratories
- QA/QC Disclosed: Yes
- Lab Certified: No
- QP Signed: Yes
- QA/QC Methods: blanks, standards, field\_duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-26T00:00:00.000Z

Reasoning: The copper grade is moderate, adding value to the primary nickel mineralization.

- Positive factor: Moderate copper grade for the inferred mining method.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · text

> 0.65% Cu

### KUK25-013

[Link to this fact](https://atlas-staging.minestarters.com/news/azimut-and-kghm-expand-the-high-grade-nickel-pge-perseus-zone-kukamas-property-j--76747e38-402b-4b0b-8ff2-1abe1ef07f2e#fact-drill-facts-20)

Kukamas Property · pge

#### Identity

- Hole ID: KUK25-013
- Project: Kukamas Property
- Commodity: pge
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: AZM

#### Geometry

- Grade: 3.59
- Grade Unit: g/t
- Intercept: 4.6 m
- From: 49 m
- To: 53.6 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: KUK25-013:49.0-53.6
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Laboratories
- QA/QC Disclosed: Yes
- Lab Certified: No
- QP Signed: Yes
- QA/QC Methods: blanks, standards, field\_duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-26T00:00:00.000Z

Reasoning: This high-grade sub-interval significantly boosts the overall intercept quality, despite its moderate width.

- Positive factor: Exceptional PGE grade for the inferred mining method.

- Positive factor: Moderate intercept length.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · text

> 3.59 g/t PGE

### KUK25-013

[Link to this fact](https://atlas-staging.minestarters.com/news/azimut-and-kghm-expand-the-high-grade-nickel-pge-perseus-zone-kukamas-property-j--76747e38-402b-4b0b-8ff2-1abe1ef07f2e#fact-drill-facts-21)

Kukamas Property · nickel

#### Identity

- Hole ID: KUK25-013
- Project: Kukamas Property
- Commodity: nickel
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: AZM

#### Geometry

- Grade: 9.15
- Grade Unit: %
- Intercept: 1.6 m
- From: 52 m
- To: 53.6 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: KUK25-013:52.0-53.6
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Laboratories
- QA/QC Disclosed: Yes
- Lab Certified: No
- QP Signed: Yes
- QA/QC Methods: blanks, standards, field\_duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-26T00:00:00.000Z

Reasoning: This bonanza-grade sub-interval is a highly significant result, despite its narrow width, indicating very high-grade mineralization.

- Positive factor: Exceptional nickel grade for the inferred mining method.

- Negative factor: Narrow intercept length.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · text

> 9.15% Ni, 0.40% Cu, 3.86 g/t PGE over 1.60 m \(from 52.00 m to 53.60 m\)

### KUK25-013

[Link to this fact](https://atlas-staging.minestarters.com/news/azimut-and-kghm-expand-the-high-grade-nickel-pge-perseus-zone-kukamas-property-j--76747e38-402b-4b0b-8ff2-1abe1ef07f2e#fact-drill-facts-22)

Kukamas Property · copper

#### Identity

- Hole ID: KUK25-013
- Project: Kukamas Property
- Commodity: copper
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: AZM

#### Geometry

- Grade: 0.4
- Grade Unit: %
- Intercept: 1.6 m
- From: 52 m
- To: 53.6 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: KUK25-013:52.0-53.6
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Laboratories
- QA/QC Disclosed: Yes
- Lab Certified: No
- QP Signed: Yes
- QA/QC Methods: blanks, standards, field\_duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-26T00:00:00.000Z

Reasoning: The copper grade is weak, but it is a byproduct to the primary nickel mineralization.

- Positive factor: Weak copper grade for the inferred mining method.

- Negative factor: Narrow intercept length.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · text

> 0.40% Cu

### KUK25-013

[Link to this fact](https://atlas-staging.minestarters.com/news/azimut-and-kghm-expand-the-high-grade-nickel-pge-perseus-zone-kukamas-property-j--76747e38-402b-4b0b-8ff2-1abe1ef07f2e#fact-drill-facts-23)

Kukamas Property · pge

#### Identity

- Hole ID: KUK25-013
- Project: Kukamas Property
- Commodity: pge
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: AZM

#### Geometry

- Grade: 3.86
- Grade Unit: g/t
- Intercept: 1.6 m
- From: 52 m
- To: 53.6 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: KUK25-013:52.0-53.6
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Laboratories
- QA/QC Disclosed: Yes
- Lab Certified: No
- QP Signed: Yes
- QA/QC Methods: blanks, standards, field\_duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-26T00:00:00.000Z

Reasoning: This bonanza-grade sub-interval is a highly significant result, despite its narrow width, indicating very high-grade mineralization.

- Positive factor: Exceptional PGE grade for the inferred mining method.

- Negative factor: Narrow intercept length.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · text

> 3.86 g/t PGE

### KUK25-014

[Link to this fact](https://atlas-staging.minestarters.com/news/azimut-and-kghm-expand-the-high-grade-nickel-pge-perseus-zone-kukamas-property-j--76747e38-402b-4b0b-8ff2-1abe1ef07f2e#fact-drill-facts-24)

Kukamas Property · nickel

#### Identity

- Hole ID: KUK25-014
- Project: Kukamas Property
- Commodity: nickel
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: AZM

#### Geometry

- Grade: 1.79
- Grade Unit: %
- Intercept: 4.1 m
- From: 100.5 m
- To: 104.6 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: KUK25-014:100.5-104.6
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Laboratories
- QA/QC Disclosed: Yes
- Lab Certified: No
- QP Signed: Yes
- QA/QC Methods: blanks, standards, field\_duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-26T00:00:00.000Z

Reasoning: This intercept shows a strong nickel grade over a moderate width, contributing to the expansion of the Perseus Main Zone.

- Positive factor: Strong nickel grade for the inferred mining method.

- Positive factor: Moderate intercept length.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · text

> 1.79% Ni, 0.15% Cu, 1.05 g/t PGE over 4.10 m \(from 100.50 m to 104.60 m\)

### KUK25-014

[Link to this fact](https://atlas-staging.minestarters.com/news/azimut-and-kghm-expand-the-high-grade-nickel-pge-perseus-zone-kukamas-property-j--76747e38-402b-4b0b-8ff2-1abe1ef07f2e#fact-drill-facts-25)

Kukamas Property · copper

#### Identity

- Hole ID: KUK25-014
- Project: Kukamas Property
- Commodity: copper
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: AZM

#### Geometry

- Grade: 0.15
- Grade Unit: %
- Intercept: 4.1 m
- From: 100.5 m
- To: 104.6 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: KUK25-014:100.5-104.6
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Laboratories
- QA/QC Disclosed: Yes
- Lab Certified: No
- QP Signed: Yes
- QA/QC Methods: blanks, standards, field\_duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-26T00:00:00.000Z

Reasoning: The copper grade is weak, but it is a byproduct to the primary nickel mineralization.

- Negative factor: Weak copper grade for the inferred mining method.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · text

> 0.15% Cu

### KUK25-014

[Link to this fact](https://atlas-staging.minestarters.com/news/azimut-and-kghm-expand-the-high-grade-nickel-pge-perseus-zone-kukamas-property-j--76747e38-402b-4b0b-8ff2-1abe1ef07f2e#fact-drill-facts-26)

Kukamas Property · pge

#### Identity

- Hole ID: KUK25-014
- Project: Kukamas Property
- Commodity: pge
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: AZM

#### Geometry

- Grade: 1.05
- Grade Unit: g/t
- Intercept: 4.1 m
- From: 100.5 m
- To: 104.6 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: KUK25-014:100.5-104.6
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Laboratories
- QA/QC Disclosed: Yes
- Lab Certified: No
- QP Signed: Yes
- QA/QC Methods: blanks, standards, field\_duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-26T00:00:00.000Z

Reasoning: This intercept shows a moderate PGE grade over a moderate width, adding value to the nickel mineralization.

- Positive factor: Moderate PGE grade for the inferred mining method.

- Positive factor: Moderate intercept length.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · text

> 1.05 g/t PGE

### KUK25-014

[Link to this fact](https://atlas-staging.minestarters.com/news/azimut-and-kghm-expand-the-high-grade-nickel-pge-perseus-zone-kukamas-property-j--76747e38-402b-4b0b-8ff2-1abe1ef07f2e#fact-drill-facts-27)

Kukamas Property · nickel

#### Identity

- Hole ID: KUK25-014
- Project: Kukamas Property
- Commodity: nickel
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: AZM

#### Geometry

- Grade: 4.24
- Grade Unit: %
- Intercept: 1 m
- From: 102 m
- To: 103 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: KUK25-014:102.0-103.0
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Laboratories
- QA/QC Disclosed: Yes
- Lab Certified: No
- QP Signed: Yes
- QA/QC Methods: blanks, standards, field\_duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-26T00:00:00.000Z

Reasoning: This high-grade sub-interval significantly boosts the overall intercept quality, despite its narrow width.

- Positive factor: Exceptional nickel grade for the inferred mining method.

- Negative factor: Narrow intercept length.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · text

> 4.24% Ni, 0.31% Cu, 2.79 g/t PGE over 1.00 m \(from 102.00 m to 103.00 m\)

### KUK25-014

[Link to this fact](https://atlas-staging.minestarters.com/news/azimut-and-kghm-expand-the-high-grade-nickel-pge-perseus-zone-kukamas-property-j--76747e38-402b-4b0b-8ff2-1abe1ef07f2e#fact-drill-facts-28)

Kukamas Property · copper

#### Identity

- Hole ID: KUK25-014
- Project: Kukamas Property
- Commodity: copper
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: AZM

#### Geometry

- Grade: 0.31
- Grade Unit: %
- Intercept: 1 m
- From: 102 m
- To: 103 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: KUK25-014:102.0-103.0
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Laboratories
- QA/QC Disclosed: Yes
- Lab Certified: No
- QP Signed: Yes
- QA/QC Methods: blanks, standards, field\_duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-02-26T00:00:00.000Z

Reasoning: The copper grade is weak, but it is a byproduct to the primary nickel mineralization.

- Positive factor: Weak copper grade for the inferred mining method.

- Negative factor: Narrow intercept length.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · text

> 0.31% Cu

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.