Core Insights - Omai Gold Mines Corp. achieved significant milestones in 2025, including a substantial increase in mineral resources and exploration success, setting the stage for continued growth in 2026 [1][2][3] 2025 Achievements - Approximately 39,000 meters of diamond drilling were completed, leading to a mid-year resource expansion at the Wenot deposit and exploration success at satellite targets [4][7] - The updated NI 43-101 mineral resource estimate (MRE) revealed 4.4 million ounces of inferred gold at an average grade of 1.95 g/t Au and 2.1 million ounces of indicated gold at 2.07 g/t Au, marking over a 50% increase since February 2024 [4][11] - The Wenot open pit gold deposit resources increased by 96%, adding 2.2 million ounces of inferred gold [4][19] - High-grade drill intercepts were consistently delivered, with notable results including 31.7 g/t Au over 7.5m and 28.04 g/t Au over 9.3m [4][7] Corporate Developments - The company completed two private placements, raising a total of C$65.3 million, which strengthened its financial position for future exploration and development [10][13] - Omai Gold's share price appreciated over 500% in 2025, making it a top performer in its peer group [2][17] Future Outlook - The company plans to deliver an updated MRE in Q1 2026 and a Preliminary Economic Assessment (PEA) in Q2 2026, which will incorporate the expanded mineral resource base and revised mine plans [6][15] - Continued drilling will focus on exploring the limits of the Wenot deposit and upgrading resources for a Pre-Feasibility or Feasibility Study [15][19] - Permitting activities are advancing, with an Environmental Impact Assessment application submitted and community consultations completed [12][10]
Omai Gold Provides 2025 Highlights and Outlook for 2026
TMX Newsfile·2026-01-08 13:36