Omai Gold Mines Corp. · TSXV:OMG
Omai Gold Mines — Investor Presentation (February 2022)
26 slides from Omai Gold Mines's investor presentation, Feb 21, 2022
Slide 1: Rebuilding One of South America's Largest Gold Mines
REBUILDING ONE OF SOUTH AMERICAS LARGEST GOLD MINES February 2022 Investor presentation
Slide 2: Forward-looking Statement
Forward-looking Statement 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, t
Slide 3: Gold Discovery & Development Potential in Guyana
Gold Discovery & Development Potential in Guyana • Produced 3.8 million oz gold, averaged over 300,000 oz/yr for 12 years Significant Past Gold Producer • Once South America’s largest primary gold producer - History of Performance • Outperformed feasibility study - produced 3.7 Moz vs 2.7 Moz • Inhe
Slide 4: Board of Directors & Management
Board of Directors & Management RENAUD ADAMS New Gold Inc. 25 years of experience in the mining industry. President, CEO of New Gold Inc. Former CEO of Richmont P.Eng Richmont Mines Mines Inc.; former COO at Primero Mining Corporation; former General Manager of the Rosebel mine in Suriname. Bach
Slide 5: Experienced and Diverse Technical Team
Experienced and Diverse Technical Team Renaud Adams Chairman P.Eng Experienced Mine Developer Elaine Ellingham Jason Brewster President & CEO VP Operations Geologist Mining Engineer John Spurney Andres Rincon Chief Geologist Senior Geologist Linda Heesterman Diego Sabogal Consulting Geologist Geolog
Slide 6: One of South America's Largest
One of South America’s Largest 3.7 million oz of Gold Produced at Omai Circa 2001 Broccoli Hill Wenot Produced 1.4 m oz @ 1.5 g/t Fennell Produced 2.4 m oz Au @ 1.5 g/t Fennell Circa 2004 TSX.V: OMG Past production is summarized in Appendix A 6
Slide 7: The path to building resources
The path to building resources…… • 1.6 million ounce gold Resource: Wenot 703k oz @ 1.31 g/t Au indicated & 940k oz @ 1.5 g/t Au inferred Maiden Gold Resource Announced Jan 2022 • Expansion potential: known extensions along strike, undrilled gaps and open at depth • Modelling to optimize next phase
Slide 8: Today's Gold Market Offers Opportunity
Today’s Gold Market Offers Opportunity • Omai was Why is there so much $349/oz $1,802/oz profitable in upside exploration potential? historically lower Average gold price 2021 average to date gold price when Omai was in environment - production average gold price was $349/oz • Had no budget or incen
Slide 9: Wenot - Delivered New Mineral Resource Estimate
Wenot - Delivered New Mineral Resource Estimate Side view Looking south Fennell Wenot 2.4 km Gold Grade Resource Category Million Tonnes Contained Gold (oz) (gpt) Indicated 16.7 1.31 703,300 Inferred 19.5 1.5 940,000 1,643,300 oz • 1.6 million ounce maiden Mineral Resource Estimate on new gold depos
Slide 10: Robust Grade Profile and Low Sensitivity to Higher Cut-Off Grade
Robust Grade Profile and Low Sensitivity to Higher Cut-Off Grade • Wenot Resource model based on 0.35 g/t gold cut-off • Increasing the cut-off grade to 0.75 g/ Au: • Does not significantly decrease the number of ounces but substantially increases the average grade to over 1.81 g/t Au • Decreases to
Slide 11: 2021 Drilling Focused on Resource
2021 Drilling Focused on Resource New Mineral Resource Estimate2 Past production: 1.6 million ounces @ ~ 1.4 g/t Au 1.4 million oz @ 1.4 g/t • Completed 16 holes (~8800m) in 2021 testing the Wenot Shear Corridor 100 to 225m below pit • Every hole under Wenot intersected multiple gold-mineralized zon
Slide 12: Wenot – Drilling Below Pit Confirms Continuity
Wenot – Drilling Below Pit Confirms Continuity 250 m • Wenot Shear Corridor 150-350m wide extends 2.4 km+ along strike • Gold in multiple near vertical shears intruded by felsic and diorite dikes • Excellent continuity at depth demonstrated with consistent grades and widths 12
Slide 13: Wenot - Multiple Zones with Expansion Potential
Wenot - Multiple Zones with Expansion Potential BLOCK MODEL • Shear Corridor at least 2.4 km along strike and 100 to 350 metres wide • Expansion potential already recognized in gaps, along strike and at depth – not yet drilled Wenot gap S 13
Slide 14: Wenot – Distribution of Grades
Wenot – Distribution of Grades BLOCK MODEL <0.2 g/t Au Fennell Pit 0.2 - 0.35 (2.4 m oz mined) 0.35 - 0.50 0.5 – 1.0 1.0 – 2.0 2.0 – 5.0 Fennell 5.0 – 10.0 historic resource2 14
Slide 15: Wenot - Expansion Potential
Wenot - Expansion Potential • Drilling shows gold mineralized shears extend at least 75 to 100 metres below the constraining pit • “Exploration Target” identified in drilling below pit of 5 to 7 Mt at 1.1 to 1.3 g/t Au containing 170,000 to 290,000 ounces of gold • Additional drilling in the gaps an
Slide 16: Wenot and Fennell – Depth Potential
Wenot and Fennell – Depth Potential S N WENOT FENNELL Produced 2.4 moz -200m -400m New 2022 Resource Estimate Historic resource1 Indicated: 703,300 oz @ 1.31 g/t 17.5 mt @ 2.51 g/t Au Inferred: 940,000 oz @ 1.50 g/t For 1.6 million ounces for 1.4 million ounces 1 Cautionary Note: The Company refers
Slide 17: Fennell – Focus on Building Resources
Fennell – Focus on Building Resources 2.4 million oz Historic Gold Grade Contained Gold mined Million Tonnes Resource1 (gpt) (oz) Capped @ 15 gpt Au Indicated 11.18 2.49 894,300 Inferred 6.28 2.56 516,800 Historic • Hosted in a 400m diameter quartz diorite Resource intrusive - the “Omai stock” • Pit
Slide 18: Game Changers – Targeting New Discoveries
Game Changers – Targeting New Discoveries • Excellent potential for near surface 40m@ Gilt Creek open pit deposits 1.2 gpt Au Dunclain Fennell • Broccoli Hill – another Fennell? Pit Broccoli Hill Snake • West of Fennell mineralization: 20m @ Pond Snake Pond 20m @ 6.9 g/t Au 6.9 gpt Au Gilt Creek 40m
Slide 19: Broccoli Hill – Another Fennell?
Broccoli Hill – Another Fennell ? Broccoli Hill • Significant alluvial workings back to the 1890s and until recently • Large areas with anomalous gold in soils, up to 12.4 g/t Au (4 to 6 m depth) • Airborne magnetics highlights a magnetic low signature similar to Fennell - another quartz diorite int
Slide 20: Blueberry Hill Prospect
Blueberry Hill Prospect Aeromagnetics Blueberry Hill Magnetic Low 3.0 m @ 1.9 g/t Au 9.0 m @ 2.14 g/t 3.0 m @ 0.98 g/t 7.5 m @ 1.7 g/t Au TSX.V: OMG 20
Slide 21: Trenching Very Effective for Exploration
Trenching Very Effective for Exploration TSX.V: OMG 21
Slide 22: Well Positioned to Execute
Well Positioned to Execute Team In-place with Expertise & Track Record Solid Strategy of Building Resources & Pursuing Blue Sky Near-mine Targets Wealth of Untapped Historical Data Paired with Relevant Expertise Government Enthusiastic for Project Advancement Year-Round Access Favourable Operating S
Slide 23: Capital Structure
Capital Structure Ticker Symbol TSXV: OMG Shares Issued 271 million (of which 57.5 million are escrowed) Market US$24 million Capitalization Warrants 76.4 million (36.9 m @CAD$0.44 expire July 2022) Options 16.4 m (~6%) Strategic • Silvercorp Metals (TSX & NYSEAM: SVM) 12.2% Shareholders • Sandstorm
Slide 24: Contact
Contact Elaine Ellingham CEO Greg Ferron VP Business Development 416-270-5042 greg.ferron@omaigoldmines.com Omaigoldmines.com
Slide 25: Fennell Pit Produced 2.4 million ounces
Tailings Fennell Pit (1993-2005) Produced 2.4 million ounces (49mt @ 1.5 g/t Au) Wenot Pit (1993-2002) Produced 1.4 million ounces @ 1.5 g/t Au TSX.V: OMG 25
Slide 26: Appendix A
Appendix A 1 Past Gold Production at Omai Mine: Past production at the Omai Mine (1993-2005) is summarized in several Cambior Inc. documents available on SEDAR.com, including March 31, 2006 AIF and news release August 3, 2006. 2 Wenot Resource Estimate (news release January 4, 2022) P&E Consulting L
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