Omai Gold Mines Corp. · TSXV:OMG
Omai Gold Mines — Investor Presentation (September 2021)
23 slides from Omai Gold Mines's investor presentation, September 2021
Slide 1: Not Your Average Exploration Company
NOT YOUR AVERAGE EXPLORATION COMPANY September 2021 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 • Omai averaged over 300,000 oz/yr gold production Significant Past Gold Producer • Once South America’s largest gold producer - History of Performance • Outperformed feasibility study - produced 3.8 MOZ vs 2.7 MOZ • Inherited quality drilling and min
Slide 4: Today's Gold Market Offers Opportunity
Today’s Gold Market Offers Opportunity $349/oz $1,802/oz • Omai was Average gold price 2021 average profitable in when Omai was in to date historically lower production gold price environment - average gold price was $349/oz Omai produced 2021 average 3.7 million • Significant gold price is Ounces o
Slide 5: Untapped Potential in Proven Greenstone Belt
Untapped Potential in Proven Greentone Belt Omai is relatively unexplored 900,000 • Located in elephant 800,000 763,811 country, Omai is 700,000 underexplored relative to local peers 600,000 491,479 Meters Drilled 500,000 411,088 • Low risk exploration drilling 400,000 targeting historical 300,000 r
Slide 6: Guiana Shield – An Underexplored Greenstone Belt
Guiana Shield – An Underexplored Greenstone Belt The Guiana Shield: a Paleoproterozoic Greenstone Belt that one? (2.1 Ga) with affinities to Birimian Greenstone Belts of West Africa, but much less explored Guyana West African Shield has ~300M oz of gold Guiana Shield is less explored - only ~100M oz
Slide 7: Omai Assets - A Tale of Two Pits
Omai Assets - A Tale of Two Pits Wenot Fennell TSX.V: OMG 7
Slide 8: Fennell Pit and Wenot Pit Past Production
Tailings Fennell Pit (1993-2005) Produced 2.4 million ounces (49mt @ 1.5 g/t Au) Wenot Pit (1993-2005) Produced 1.4 million ounces @ 1.6 g/t Au TSX.V: OMG 8
Slide 9: Wenot & Fennell – Evidence of Depth Potential
Wenot & Fennell – Evidence of Depth Potential S Omai Project, Guyana N Aurora Mine, Guyana WENOT FENNELL RORY’S KNOLL -1000 L • Deposits at the Aurora Mine illustrate depth potential to more than 2km in very similar rocks • Fennell pit was mined to 250m depth and mineralization now identified down t
Slide 10: Fennell – A Significant Untapped Historic Resource
Fennell – A Significant Untapped Historic Resource • Fennell gold mineralization hosted in a 400m diameter quartz diorite intrusive - the “Omai stock” • Pit bottomed at 250 m in a barren 180m thick diabase sill • 2006-07 Iamgold dewatered the pit and drilled ~27,000 meters in 46 holes • Discovered h
Slide 11: Fennell - Next Steps to Validate Historical Work
Fennell - Next Steps to Validate Historical Work • Estimate 3 to 4 holes to validate the historic resource • Assessing deep hole > 1 km to test depth potential (akin to Aurora’s Rory’s Knoll extension to 2 km) Category Assay Status Grade Contained Tonnage (Kt) Au (g/t) Au (Oz) Indicated Capped 2.49
Slide 12: Recent Work – Drilling Focused on Wenot
Recent Work – Drilling Focused on Wenot 2020 • Recovered and resampled core from 2012 drill holes that tested under the pit (12 holes) • Airborne geophysics, lidar, and drone coverage 2021 • Completed 8 deep holes testing the corridor at depths of approx. 100 – 200m below pit bottom (all intersected
Slide 13: Wenot – Drilling Below Pit Confirms Shear's Continuity
Wenot – Drilling Below Pit Confirms Shear’s Continuity • Sections 620 meters apart along the pit axis • Wenot Shear Corridor 200- 350m wide 650 m 13
Slide 14: Wenot – Working Towards A Resource
Wenot – Working Towards A Resource • 8 deep holes testing the 1.7 km long corridor at depths of approx. 100 – 200m below pit bottom (all intersected multiple mineralized shears) • 2012 recovered-core provided assays for a further 12 drill holes that tested the shear below the pit • Historical data f
Slide 15: Wenot Shear Corridor Controls Mineralization
Wenot Shear Corridor Controls Mineralization • Wenot deposit is within a broad 200- 350m wide Shear Corridor that extends the full 1.7km length of the pit, and likely beyond • Shear Corridor straddles the contact North between metavolcanics on the north with the metasediments on the south South • Wi
Slide 16: Near-Surface Target within Metasediments at Wenot
Near-Surface Target within Metasediments at Wenot • Contact between the volcanics and sediments typically hosts a wide Potential For Near- well-mineralized feldspar Surface Deposit Former Mill Site porphyry dike • Recent drilling has confirmed extension of the shear system to at least 200m below the
Slide 17: Near-Mine Exploration Targets
Near-Mine Exploration Targets Gilt Creek • Broccoli Hill – Another Fennell? • West of Fennell several mineralized Dunclain Fennell structures with interesting previous Pit Broccoli Snake gold intersections Pond Hill • Airborne magnetics shows a Fennell number of Fennell-type anomalies Historic and W
Slide 18: Broccoli Hill – Another Fennell?
Broccoli Hill – Another Fennell ? • Significant historic alluvial workings back to the 1890s on Broccoli Hill the southern flank and more recently on western and northeastern flanks • Broad gold-in-soil anomalies across the 750m x 500m hill, with one 8m deep auger sample of 12.4 g/t Au • Airborne ma
Slide 19: Advancing Multiple Highly Prospective Targets
Advancing Multiple Highly Prospective Targets FENNELL PIT WENOT PIT 1. Resource Below Pit – 24,000m (46 1. Below Wenot Pit - Multiple drill holes holes) in 2006-07 intersected high confirm extension of the mineralized grades and wide zones beneath an shears to at least 200m below pit. unmineralized
Slide 20: The Path to Discovery
The path to discovery…… • Completed Phase drill program of 5000m to test potential below and adjacent to Wenot pit for resource estimate Wenot • Evaluate and drill Wenot West, where the pit was shallow and migration of Wenot Shear Corridor into the sediments is evident • Drill 3 or 4 strategically l
Slide 21: 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 Mines Richmont Mines Inc.; former COO at Primero Mining Corporation; former General Manager of the P.Eng Rosebel mine in Suriname. Bach
Slide 22: Capital Structure
Capital Structure Ticker symbol TSXV: OMG Shares issued 227 million Escrowed Shares 57.5 million Market Capitalization CDN$30 million Options 16.4 million Strategic Silvercorp Metals (TSX & NYSEAM: SVM) 15.2% Shareholders Sandstorm Gold Royalties (TSX: SSL; NYSE: SAND) ~ 9% *As at September 7, 2021
Slide 23: Contact
Contact Elaine Ellingham Interim CEO Jason Brewster VP Operations info@omaigoldmines.com Omaigoldmines.com
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