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𝛼SKbullish
OMG: Massive Resource Update; Total Ounces Breaks 6.0Moz
SUMMARY
- What you need to know: • Omai reported an updated Mineral Resource Estimate on its 100% owned Omai Gold Project in Guyana.
- • The MRE reported a significant increase to the 2024 resource with the Inferred resource increasing 92% to 4.4Moz grading 1.95 g/t Au and the Indicated resource increasing 7% to 2.1Koz grading 2.07g/t Au. • OMG plans to report an updated PEA on the new resource and include the Gilt Creek deposit (which was not included in the 2024 PEA).
- • We have updated our estimates for the upcoming 2025 PEA and are now anticipating an average annual gold production of 336Koz.
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