Omai Gold Mines Corp. · TSXV:OMG
Omai Gold Mines — Investor Presentation (January 2025)
26 slides from Omai Gold Mines's investor presentation, January 2025
Slide 1: Rapid Discovery and Path to Development at a World Class Gold Project in Guyana
produced East Wenot West 2.4 m oz2 Wenot 300 m ‘Superpit’ Wenot Depth 2.4 m oz1 300 m Depth Open laterally and to depth Gilt Creek U/G 1 1.8 m oz Rapid Discovery and Path to Development at a World Class Gold Project in Guyana Open laterally and to depth OMG.V OTCQB: OMGGF EU: ON2 TSX.V: January OMG
Slide 2: Forward-looking Statement and Technical Disclosure
This presentation contains “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward- looking statements include, but are not limited to, statements with respect to the future price of gold, copper and other minerals and metals, the estimation of mineral
Slide 3: Cautionary Language Regarding Exploration Targets
OMAI GOLD Cautionary This presentation contains estimates of exploration targets on the Omai property. The quantity and grade potential of Language these exploration targets are estimates based on an understanding of the geology and controls on mineralization and the available volume of potential mi
Slide 4: Right place – Right time – Right project
Omai Gold Project in Guyana Regional Geology - Placeholder Right place – Right time – Right project ✓ High market interest in Guyana gold projects ignited by big discoveries and acquisitions at premium valuations ✓ Proven geology: Guyana Shield “greenstone belt” hosts several >10 million oz gold dep
Slide 5: Omai Gold – Rapid Resource Growth in Guyana
Omai Gold – Rapid Resource Growth in Guyana POSITIVE INITIAL PEA & 100% INTEREST IN LARGE RAPIDLY GROWING RESOURCE PAST-PRODUCING GOLD MINE • Baseline PEA with NPV US$556m @ • Produced 3.8 million oz (1993-2005)2 Wenot US$1,950/oz Au, avg 142k oz/yr over 13 yrs1 • At >300k oz/yr was S. America’s lar
Slide 6: Road Access and Benefits of a Brownfields Site
Road Access and Benefits of a Brownfields Site • Road Access with • Excellent road access from Georgetown ~165km paving underway Pop.~400,000 • Paving underway to within 10 km of Omai • Skilled workforce in • Existing tailings facilities & cleared site Linden 80km from Omai Cleared site and large re
Slide 7: Guyana Overview
GUYANA Overview Government is Pro-Mine Development Guyana Venezuela ….Particularly for Omai Suriname French Mining Creates Jobs and brings Infrastructure to the Interior Guiana • Long History of gold mining: gold, bauxite, diamonds, copper Brazil Omai’s CEO Elaine Ellingham with Guyana’s President I
Slide 8: Omai – An Established Gold Camp in the Guiana Shield
Omai – An Established Gold Camp in the Guiana Shield View looking SW • 2.0m oz Indicated + 2.3m oz Inferred • Significant gold deposits in the prolific Guiana greenstone belt • Two adjacent classic orogenic gold deposits East Wenot Wenot West produced • Wenot OP – regional shear-hosted deposit (open
Slide 9: Fully Funded 2024-2025 Program
Fully Funded 2024-2025 Program Building upon a Robust Baseline PEA • Drill program to expand mine plan and enhance economics 10,000m+ • 3 drills on site ~$187/m all-in • Wenot ‘Superpit’ expansion, 150m step-outs along strike and to depth • Drilling “gaps” within Wenot PEA Pit – resource expansion •
Slide 10: Wenot Resource and PEA Pit are Near-Surface
WENOT Resource and PEA Pit are Near-Surface • 94% of the 1.9m oz in the PEA are above 330m Historical mining (limited) depth from surface focused on dike corridor north of the central contact zones • 87% of the 2.4m oz in the Wenot NI 43-101 are above 330m depth • Very little drilling of the central
Slide 11: Wenot Multiple Subparallel Gold Zones
West East North WENOT Multiple Subparallel Gold Zones Across at least 400m Wenot Long Sections (each 50m wide) • Multiple opportunities to -300m expand shallow unmined flanking subparallel zones 400 meters and gaps • Drilling of zones along -300m strike hold excellent Metavolcanics potential for con
Slide 12: Wenot Open At Depth and Evidence of Increasing Grade
WENOT Open At Depth and Evidence of Increasing Grade W E 5.95 g/t Au over 9.9m 2024 PEA pit outline -300m OPEN OPEN 4.07 g/t Au over 31.1m 9.00 g/t Au over 16.0m 2.26 g/t Au over 70.0m 6.92 g/t Au over 19.0m 5.18 g/t Au over 20.2m 6.60 g/t Au over 9.0m -600m Contained ounces and average grade in 100
Slide 13: Baseline PEA for Wenot Open Pit
WENOT “Baseline” PEA for Wenot Open Pit Wenot Superpit: 2.4 km long x 868 m wide Includes only 45% of Omai gold Resources and only one of two deposits (April 2024) ▪ US$556 million after-tax NPV5% at US$1,950/oz gold; US$953 million after-tax NPV5% and 28.4% IRR at US$2,400/oz gold ▪ US$375 million
Slide 14: Gilt Creek Adjacent Intrusion-Hosted Underground Deposit
GILT CREEK Adjacent Intrusion-Hosted Underground Deposit • Shallow, wide zones, good grades, timing optionality (separate from o/p) • Very wide gold zones 60-112m widths • Resource average grade 3.3 g/t Au • Timing optionality, apart from Wenot open pit • 41% of all core drilled assayed >0.5g/t Au •
Slide 15: Gilt Creek Very Robust Deposit At Range of Cut-Off Grades
GILT CREEK Very Robust Deposit At Range of Cut-Off Grades SENSITIVITY TO CUT-OFF GRADE Tonnes (kt) Grade (g/t) Ounces (koz) Indicated 11,123 3.22 1,151 Inferred 6,186 3.34 665 Total 17,309 3.26 1,816 1.8m oz Base Case • Depth to top ~300m, 2/3 indicated • Integrated 46 drill holes totalling >27,000m
Slide 16: Omai – Multiple Opportunities to Expand the Mine Plan
Omai – Multiple Opportunities to Expand the Mine Plan WENOT SUPERPIT GILT CREEK U/G 3.75 – 4.75 Moz** 2.2 – 2.4 Moz** 0.4 – 0.6 Moz 1.8 Moz Gold (Moz) 0.2 – 0.1 – 0.6 – 0.2 – 0.3 Moz 0.2 Moz 0.4 – 1.2 Moz 0.3 Moz 0.6 Moz 0.45 Moz 1.9 Moz Evaluating potential for targeted 250-300k oz per year for 20+
Slide 17: Benefits Of A Brownfields Projects
Benefits Of A Brownfields Projects De-risked development & operating parameters Accelerated Timelines Capital needs reduced SOCIAL TECHNICAL & DEVELOPMENT • Well established mining culture – a long history • Actual production parameters excellent proxy of mining, including at Omai for new mining and
Slide 18: Directors and Management; Share Capital & Financial Position
The Right People… Share Capital & Shareholders Directors and Management Financial Position Elaine Ellingham P.Geo, MBA, M.Sc. Cash Position C$9.4 million 28.0% President & CEO, Exec Chairman Institutions: Mackenzie, Franklin Templeton, Common Shares Issued & O/S 519.6 million Mackenzie, Franklin Roc
Slide 19: Contact
OMG ELAINE ELLINGHAM President & CEO elaine@omaigoldmines.com DAVID STEWART VP Corporate Development & Investor Relations dstewart@omaigoldmines.com 647-294-8361 TSX.V: OMG 19
Slide 20: Today's Gold Market Creates Opportunity
Today’s Gold Market Creates Opportunity Multiple Key Milestones Achieved 1st Resource Est 2nd Res Est 3rd Res Est 0.7m oz Ind + 1.9m oz Ind + 2.0m oz Ind + Omai Mine was profitable 0.9m oz Inf 1.8m oz Inf 2.3m oz Inf Average gold price was Jan 2022 Oct 2022 Feb 2024 Baseline PEA delivered US$349/oz
Slide 21: Wenot – Cross Sections
WENOT – CROSS SECTIONS 1.23 g/t Au over 75m 2.0 g/t over 27 m 4.70 g/t Au over 8.5m 3.38 g/t Au over 9.6m 3.09 g/t Au over 6.8m 1.18 g/t Au over 25.2m 4.07 g/t Au over 31.1m 1.77 g/t Au over 9.1m 5.36 g/t Au over 1.5m WEST WENOT CENTRAL WENOT TSX.V: OMG 21
Slide 22: Exploration Potential – 2024 Focus on High-Grade Snake & Blueberry
GAME Exploration Potential – 2024 Focus on High-Grade CHANGERS Snake & Blueberry BROCCOLI HILL BLUEBERRY - GILT • Large unexplored area, focus of High grade vein stockworks in trenches Gilt Creek Pit GILT CREEK artisanal miners for over 100 years DEPOSIT Broccoli Hill • Significant magnetic low very
Slide 23: Wenot Amenable to Superpit
WENOT Amenable to “Superpit” Wenot Deposit and Expansion Area: Strike: at least 2.5 kilometres Width: 150 to 500 m • 87% (2.1 m oz) is less than 350m depth • Significant expansion potential: 1) Open at depth and grades appear to increase with depth -- deepest intersections to date: • 4.77 g/t Au ove
Slide 24: Omai Property
Gilt Creek Deposit Wenot Deposit (Shear-hosted) OMAI PROPERTY (Qtz Diorite Intrusive-hosted) • 8.1 m oz gold endowment in this “Omai Camp” (3.8 m oz produced + 2.0m oz Ind + 2.3m oz Inf)1 • Wenot Shear Corridor extends > 5 km along strike Circa 2001 Circa 2004 • Gilt Creek deposit known to depth of
Slide 25: Wenot Deposit
Wenot Deposit Clear Path to Expand Wenot Superpit and Significantly Enhance Economics Wenot has multiple subparallel zones, very continuous along strike. Large gaps not yet Gaps not yet drilled drilled on the south side hold East Wenot minimal high potential of adding drilling to date mineralized ma
Slide 26: Wenot Open Pit Circa 2001
Wenot Open Pit Circa 2001 Steep pit walls in Fresh Rock Very narrow in response to Produced 1.4 million oz Au low and falling gold price Fresh rock reconciled @ 1.67 g/t Au (1998-2002) TSX.V: OMG 26
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