Omai Gold Mines (OMG) Nordic Funds & Mines Conference 2025 summary

Project overview and recent milestones

• Achieved a fourth mineral resource estimate, now totaling 6.5 million ounces, making it one of the world's large undeveloped gold projects.

• Project consists of two closely situated deposits: a shear-hosted and an intrusion-hosted deposit.

• 100% ownership with a simple structure and direct government acquisition; permit renewed once.

• Recently completed financing brings cash position to just under CAD 60 million.

• Past production was 300,000 ounces/year (1993–2005) and ceased due to low gold prices and company priorities.

Geological and operational highlights

• Both deposits are orogenic gold types, similar to those in Ontario and Quebec, with deep mineralization potential.

• Recent drilling to 400–450 m depth revealed improved grades and widths, indicating potential for a generational mine.

• Wenot deposit features 12 sub-parallel vertical gold zones over a 2.5 km strike, with grades increasing at depth.

• Recent drilling added 2.2 million ounces to the resource, delaying the PEA but expanding project scale.

• Intrusion-hosted deposit has 1.8 million ounces; new deep drilling is underway to test further extensions.

Infrastructure, government, and community

• Project benefits from existing infrastructure: road access, airstrip, and tailings facility suitable for refurbishment.

• Located 10 miles from a main corridor road, with ongoing upgrades improving access.

• Strong government support, with the President eager for mine reopening and job creation.

• Local workforce has significant open-pit mining experience from nearby bauxite operations.

• Environmental permit secured for dewatering Wenot pit after extensive water and rock studies.