Omai Gold Mines (OTCPK:OMGG.F) 2025 Conference Transcript

Summary of Omai Gold Mines Conference Call Company Overview - Company: Omai Gold Mines (OTCPK:OMGG.F) - Date of Conference: November 11, 2025 - Speaker: Jason Brewster, VP of Operations and Technical Services Key Highlights - Mineral Resource Update: Omai Gold Mines reported a total of 6.5 million ounces of gold across two deposits: the Wenot deposit (4.7 million ounces, open pit) and the Guilk Creek deposit (1.8 million ounces, underground) [2][3] - Resource Increase: This represents a 96% increase from the previous resource estimate, with an addition of 2.2 million ounces in one year of drilling [3] - Preliminary Economic Assessment (PEA): The base case PEA conducted in April 2024 indicated a 13-year mine life with a Net Present Value (NPV) of $560 million at a gold price of $1,950 [4] Operational Insights - Drilling Activities: Over 30,000 meters of drilling completed this year, with expectations to reach 40,000 meters by year-end [5] - Funding Status: The company raised CAD 40 million, bringing total funds to approximately CAD 59 million (or $41 million USD) [5] - Shareholder Structure: Approximately 718 million shares outstanding, with no single shareholder holding more than 10% [7] Geological and Infrastructure Advantages - Brownfields Site: The project benefits from existing infrastructure, including road access and an old tailings facility with a capacity of 100 million tons [4][12] - Location: Situated in the Guyana Shield, close to the Eagle Mountain deposit, with ongoing infrastructure improvements due to the oil sector's growth [9][10] - Government Support: Guyana ranked as the 9th top mining investment jurisdiction globally, with active government efforts to boost mining investments [10][11] Exploration and Future Plans - Exploration Targets: Ongoing drilling at near-surface satellite deposits to enhance project economics [3][13] - Updated PEA: An updated PEA is in progress to include all 6.5 million ounces of the deposit [18] - Geological Findings: High-grade intersections found at depth, indicating potential for further resource expansion [15][17] Market Context - Gold Price Trends: Historical gold prices during the previous production period averaged $375, with significant profitability even at lower prices [6] - Economic Growth: Guyana is projected to have the highest GDP per capita in the world by 2027, which may positively impact mining operations [10] Conclusion Omai Gold Mines is positioned for significant growth with a robust resource base, strong funding, and favorable geological and infrastructural conditions. The ongoing exploration and updated economic assessments are expected to further enhance the company's value proposition in the gold mining sector.