Omai Gold Mines Corp. holds a 100% interest in the past-producing Omai gold project in Guyana, South America. The company recently completed a Preliminary Economic Assessment for the Wenot Project, showcasing a significant after-tax NPV5% and IRR at a $1,950 base case gold price. With an initial open pit mining scenario, Omai aims to produce an average of 142,000 ounces of gold per year over a 13-year mine life. In February 2024, Omai announced an updated Mineral Resource Estimate of 2.0 million ounces of gold (Indicated) and 2.3 million ounces of gold (Inferred). The company's recent discoveries, extending along strike and beneath past producing deposits, indicate promising opportunities for expansion. The Omai team's 2024 focus includes further drilling to demonstrate the potential expansion of the Wenot deposit and exploration of high-grade targets. With a historical record of profitable gold production during a period of lower gold prices, Omai's new resource combined with its brownfields project advantages positions it as a significant player in the gold mining industry. The company's dedication to ongoing exploration, engineering studies, and development planning underscores its commitment to maximizing the potential of the Omai gold project. Generated from the website content

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