Omai Gold Mines (TSXV:OMG) - Restarting High-Grade Gold Mine in Guayana

Interview with Elaine Ellingham, President & CEO of Omai Gold Mines Corp.

Our previous interview: https://www.cruxinvestor.com/posts/omai-gold-mines-tsxvomg-reigniting-a-gold-mine-giant-4749

Recording date: 2nd March 2024

Omai Gold Mines offers investors exposure to restarting production at a historic gold mine in the mining-friendly jurisdiction of Guyana. The company's flagship Omai project was a large-scale producer from 1993-2005, churning out over 3.7 million ounces of gold from open pit and underground mines.

Shuttered since 2005, extensive infrastructure remains in place, including a camp, access roads, and power. Omai has completed feasibility-level engineering and mining studies on the asset, providing a strong technical foundation.

The project hosts robust resources, with a recently updated estimate outlining 1.9 million ounces indicated grading 1.48 g/t gold and 0.5 million ounces inferred grading 1.99 g/t gold. Additional exploration upside exists, as mineralization remains open along a 2.5 km shear zone.

Omai is led by an experienced mining team focused on restarting production, beginning with open pit mining to generate early cash flows. A PEA study is upcoming. The Guyanese government is supportive of redevelopment efforts given the previous economic benefits of the mine.

With its permitted, past-producing project, existing infrastructure, and exploration upside, Omai offers investors exposure to reactivating a high-grade gold mine with compelling economics. As feasibility studies advance, Omai's systematic de-risking of the project could yield substantial shareholder value.
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View Omai Gold Mines' company overview: https://www.cruxinvestor.com/companies/omai-gold-mines

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