Omai Gold Mines Corp. · TSXV:OMG
Omai Gold Mines — Investor Presentation (November 2021)
23 slides from Omai Gold Mines's investor presentation, November 2021
Slide 1: Not Your Average Exploration Company
NOT YOUR AVERAGE EXPLORATION COMPANY November 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 over 12 year mine life 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 • Inh
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 Consulting Geologist TSX.V: OMG 5
Slide 6: Today’s Gold Market Offers Opportunity
Today’s Gold Market Offers Opportunity • Omai was $349/oz $1,802/oz profitable in historically lower Average gold price 2021 average to date gold price when Omai was in environment - production average gold price was $349/oz • No budget or incentive to Omai produced 2021 average pursue exploration 3
Slide 7: Untapped Potential in Proven Greenstone Belt
Untapped Potential in Proven Greenstone Belt Omai is relatively unexplored 900,000 • Located in elephant 800,000 763,811 country, Omai is 700,000 underexplored relative to local peers Meters Drilled 600,000 491,479 500,000 411,088 • Low risk exploration 400,000 targeting: 300,000 • historical resour
Slide 8: 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 9: Omai - A Tale of Two Pits
Omai - A Tale of Two Pits Circa 2001 Broccoli Wenot Hill Produced 1.4 m oz Wenot Fennell Produced 2.4 m oz Au Fennell Circa 2004 TSX.V: OMG 9
Slide 10: 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 Max pit depth 2021 Resource Target Unmined resource 2022 Resource Target -1000 L • Deposits at Zijin’s Aurora Mine illustrate depth potential to more than 2km in very similar rocks •
Slide 11: Current Drilling – To Deliver a Wenot Resource
Current Drilling – To Deliver a Wenot Resource • Engaged Independent QP for initial Wenot resource by year end • Currently drilling with two rigs • Completed 16 holes (9,367m) to date testing the Wenot Shear Corridor to 100 to 250m below pit bottom • All 2021 holes under Wenot intersected multiple g
Slide 12: Wenot – Drilling Below Pit Confirms Shear’s Continuity
Wenot – Drilling Below Pit Confirms Shear’s Continuity • Wenot Shear Corridor 200-350m wide extends 1.7 km+ along strike • Straddles major lithologic contact between volcanics and sediments • Contact typically hosts a wide well- mineralized feldspar porphyry dike up to 35 m wide • Multiple near vert
Slide 13: Fennell – A Significant Untapped Historic Resource
Fennell – A Significant Untapped Historic Resource • Fennell gold production of 2.4 million oz avg 1.5 gpt ~9600 oz per vertical meter • hosted in a 400m diameter quartz diorite Fennell Pit intrusive - the “Omai stock” 2.4 moz • Pit bottomed at 250 m in a barren ~180m thick diabase sill • 2006-07 Ia
Slide 14: Fennell – Upgrade Resource & Pursue Depth Extension
Fennell – Upgrade Resource & Pursue Depth Extension Next steps for Fennell in 2022: • Model historic data and incorporate Goldspot analysis • Drill an estimated 4-5 holes to bring historic resource to NI 43-101 • 2 deep holes to test depth potential (similarities to Aurora’s Rory’s Knoll - which ext
Slide 15: Game Changers - Extensions and Exploration Targets
Game Changers - Extensions and Exploration Targets • Broccoli Hill – another Fennell? 40m@ Gilt Creek 1.2 gpt Au • Eastern Wenot extension zone Dunclain Fennell Pit Broccoli Hill • Wenot west shear extension & Snake 20m @ Pond splays 6.9 gpt Au • West of Fennell mineralization Fennell Historic resou
Slide 16: Next Drilling - East Wenot Extension
Next Drilling - East Wenot Extension Best intersections: • 21 m @ 1.3 g/t Au • 9 m @ 2.6 g/t Au • 15 m @ 1.9 g/t Au • 27 m @ 3.6 g/t Au (Sap) • Unmined near-surface gold mineralization Saprolite & Clay Cover • Shallow drilling to only 50 – 75 m depth in 1993-95 drill program • 1 km strike of the Wen
Slide 17: West Wenot
West Wenot • Shear Corridor migrates or splays further into the metasediments at the Potential For Near- Former Mill Site west end of the pit Surface Deposit • West end potential in sediments not pursued South due to constraints of mine Volcanics infrastructure at the time • Significant potential fo
Slide 18: West Wenot – Near Surface Gold Mineralization
West Wenot – Near Surface Gold Mineralization shear corridor TSX.V: OMG 18
Slide 19: Broccoli Hill – Another Fennell ?
Broccoli Hill – Another Fennell ? • First drilling planned for late 2021 Broccoli Hill • Significant alluvial workings back to the 1890s on 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 sampl
Slide 20: The path to building resources
The path to building resources…… • Complete current drill program of ~10,000m to test Wenot below and adjacent to Wenot pit, targeting NI 43-101 resource by year end • Drill ~4 deep holes commencing late Q1 2022 to allow verification of historic resource Fennell • Initiate deep drill testing for fur
Slide 21: Capital Structure
Capital Structure Ticker symbol TSXV: OMG Shares issued 227 million Escrowed Shares 57.5 million Market Capitalization CDN$25 million Options 16.4 million Warrants 52.8 million @ avg $0.30 Strategic Silvercorp Metals (TSX & NYSEAM: SVM) 15.2% Shareholders Sandstorm Gold Royalties (TSX: SSL; NYSE: SA
Slide 22: Contact
Contact Elaine Ellingham CEO Jason Brewster VP Operations info@omaigoldmines.com Omaigoldmines.com
Slide 23: 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 1.3 million ounces @ 1.5 g/t Au TSX.V: OMG 23
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