Omai Gold Mines Corp. · TSXV:OMG
Omai Gold Mines — Investor Presentation (May 2024)
23 slides from Omai Gold Mines's investor presentation, May 2024
Slide 1: Positive Baseline PEA for a Large Scale Open Pit Mine in Guyana
-300m depth PEA : 1.84 m oz 142k oz/yr production NPV5% $556M AISC $1009/oz @ $1950/oz Au price Positive Baseline Preliminary Economic Study for a Large Scale Open Pit Mine in Guyana ….Multiple Opportunities to Expanded Mine Plan OMG.V OTCQB: OMGGF EU: ON2 MayTSX.V: 2024 OMG 1
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: Why Invest in Omai Gold?
HIGHLIGHTS Why Invest in Omai Gold? POSITIVE INITIAL PEA & 100% INTEREST IN LARGE 4.3 M OZ1 GOLD RESOURCE PAST-PRODUCING GOLD MINE • Baseline PEA with NPV $556 m @ $1950/oz • Produced 3.8 million oz (1993-2005) Wenot Au, avg 142,000 oz/yr over 13 yrs (1.84m oz) • At >300k oz/yr was S. America’s larg
Slide 4: Access and Infrastructure
Access and Infrastructure • Excellent road access from Georgetown ~165km • Road Access with • Along main corridor going south to Brazil paving underway Pop.~400,000 • Paved road to Omai junction by end of yr • Skilled workforce in Linden 80km from Cleared site and large revamped * Omai buildings mak
Slide 5: 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 Baseline PEA Omai Mine was profitable 1.6 m oz 3.7 m oz 4.3 m oz delivered Average gold price was Jan 2022 Oct 2022 Feb 2024 NPV$556M April 2024 $349/oz (operated by Cambior) Listing Mgm
Slide 6: 2023 Drilling Discovered +560,000 ounces: NI43-101 Resource 4.3 million ounces
2023 Drilling Discovered +560,000 ounces: Milestone NI43-101 Resource = 4.3 million ounces gold Omai hosts two adjacent orogenic gold deposits: Wenot Deposit (open pit) • 834,000 ounces of gold (Indicated), a 10% increase* Wenot • 1,614,000 ounces of gold (Inferred), a 45% increase • 1.48 g/t Au gra
Slide 7: Another Major Milestone Achieved – Very Solid Baseline PEA for Wenot Open Pit
WENOT PEA Another Major Milestone Achieved – Very Solid Baseline PEA for Wenot Open Pit Includes only the Wenot Open Pit deposit (~ 45% of Omai gold Resources) After-tax NPV5% of $556 million and after-tax IRR of 19.8% at $1,950/oz gold - at $2,400/oz gold sensitivity gives after-tax NPV5% of $9
Slide 8: Guyana Government is Pro-Mine Development
Guyana Government is Pro-Mine Development ….Particularly for Omai Mining Creates Jobs and brings Infrastructure to the Interior Venezuela Guyana Suriname • Long History of gold mining: gold, bauxite, diamonds, copper Omai’s CEO Elaine Ellingham • Fraser Institute elevated Guyana to 22nd best mining
Slide 9: Omai Property
Gilt Creek Deposit Wenot Deposit OMAI PROPERTY (Qtz Diorite Intrusive-hosted) (Shear-hosted) • 8.1 m oz gold endowment in this “Omai Camp” = 3.8 m oz produced + 4.3 m oz new resources • Wenot Shear Corridor extends > 5 km along strike • Gilt Creek deposit known to depth of 960m Circa 2001 Circa 2004
Slide 10: 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 11: Large Shear-Hosted Deposit – Open for Expansion
WENOT Large Shear-Hosted Deposit – Open for Expansion WENOT GOLD INTERSECTIONS (Unmined) (only intersections >50 g/t Au x width are labelled) Contact shear Blast Hole data from previous mining Very significant amount of gold mineralization south of contact shows extent and continuity of gold zones s
Slide 12: Multiple Gold-Bearing Zones Across the Broad Shear
WENOT Multiple Gold-Bearing Zones Across the Broad Shear Wenot Shear Corridor is major regional structure that had multiple episodes of deformation allowing subsequent gold fluids to migrate and deposit gold within structurally prepared rock. Gold mineralization occurs in four main zones across the
Slide 13: 2023 Drill Result Highlights from Wenot
WENOT 2023 Drill Result Highlights from Wenot Wenot West Extension – Significant Gold Mineralization in the Sediments South of the Shear Contact 23ODD-063 • 4.07 g/t Au over 31.1m • 3.38 g/t Au over 9.6m • 1.18 g/t Au over 25.2m • 3.09 g/t Au over 6.8m ++ 23ODD-065 • 4.54 g/t Au over 27.5m and 10m d
Slide 14: Wenot – Superpit (April 2024 PEA)
Wenot – “Superpit” (April 2024 PEA) Single large pit: • 2.4 km long Tailings • 868 m wide and Facility • max depth 442m Tailings Plan TSX.V: OMG 14
Slide 15: Clear Path to Expand Wenot Superpit and Enhance Economics
Wenot Deposit Clear Path to Expand Wenot Superpit and Signficantly 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 mat
Slide 16: Omai Baseline PEA – Multiple Upside Opportunities
Omai Baseline PEA – Multiple Upside Opportunities Wenot Superpit GILT CREEK U/G and expansions High grade Snake and Blueberry 1.15 m oz @3.22 (Ind) 0.4 – 0.6 Moz 0.67 m oz @3.35 g/t Au (Inf) Camp Zone 1 km W of Wenot) G 1.8 Gilt Creek Moz Underground & 0.2 – Expansion 0.2 – 0.3 Moz 0.3 Moz 0.6 – F*
Slide 17: Exploration Potential - Focus on Snake & Blueberry
GAME Exploration Potential - Focus on Snake & Blueberry CHANGERS 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 Target Wenot P
Slide 18: Blueberry Hill High-Grade Target Area
Blueberry Hill High-Grade Target Area Exposed old adit while trenching (Anaconda 1950s?) Diorite sill upper contact • At-surface high grade resource potential • Mining would not require blasting • Within 500m of proposed mill site Adit following high-grade flat-lying veins • Flat-lying veins identif
Slide 19: Gilt Creek Adjacent Deposit: Underground - Very Wide Gold Zones
GILT CREEK Adjacent Deposit : Underground -Very Wide Gold Zones 300 m depth • Many very wide gold zones 60-112m widths - ideal for lower-cost large stope underground mining • Top of deposit at a depth of only 300m • Complete timing optionality, apart from Wenot open pit • 41% of all core drilled ass
Slide 20: Gilt Creek Very Robust Deposit At Range of Cut-Off Grades
GILT CREEK Very Robust Deposit At Range of Cut-Off Grades Gold SENSITIVITY TO CUT-OFF GRADE Million Grade Contained Tonnes (gpt) Gold (ounces) Indicated 11.1 3.22 1,151,000 Inferred 6.2 3.35 665,000 1,816,000 1.8 Moz Base Case • First NI 43-101 on Gilt Creek (Underground) • Integrated 46 drill holes
Slide 21: 2024: High Potential to Expand PEA Mine Plan & Enhance Economics
2024: High Potential to Expand PEA Mine Plan & Next Steps... Enhance Economics – driving towards PFS Planned Work for 2024 - 2025 Details Potential Impact Drilling: - Gaps in projected Wenot Gold Zones within PEA pit 12,000 – 20,000 m Expand production, reduce Wenot strip, increase IRR, - Near-surfa
Slide 22: Capital Structure and Trading
Cash Position (Mar 31/24) C$1.4 million 18.0% Common Shares Issued & O/S 408.3 million Warrants 35.7 million 8.4% Stock Options 30.3 million 4.9% DEREK MACPHERSON B.Eng. MBA Share Price C$ 0.11 - .18 3.0% Trading Market Capitalization C$ 48.0 million Trading at < US$11/oz gold resource TSX.V: OMG OT
Slide 23: Contact
OMG ELAINE ELLINGHAM President & CEO info@omaigoldmines.com elaine@omaigoldmines.com TSX.V: OMG OTC: OMGGF ldmines.com TSX.V: OMG 23