- Large world-class gold project in mining-friendly jurisdiction
- 4.4 million oz gold (Inferred) averaging 1.95 g/t Au in 69.9Mt AND 2.1 million oz gold (Indicated) averaging 2.07 g/t Au in 31.9 Mt as announced August 25, 2025
- A major gold camp in the Guiana Shield with 2 large orogenic gold deposits that produced 3.8m oz gold2 with Resources already eclipsing past production
- Guyana has emerged as a top tier mining-friendly jurisdiction boasting exciting gold discoveries and attracting M&A investment at significant premiums
- Government very supportive of exploration and development to create jobs and bring infrastructure to the interior of Guyana
- Brownfields site with road access and skilled workforce nearby
- Cleared site from past production and known metallurgy (92% gold recovery, >30% from gravity circuit)
- Road access and paved road access to within 30km, providing access to two largest towns in Guyana: Georgetown and Linden
- Nearby town of Linden with skilled workforce, due to large open pit bauxite mine since 1916
- Proven track record of rapid growth in resources driven by experienced exploration team
- Fourth NI 43-101 Resource Estimates in as many years, an overall discovery cost of <US$4.00/oz all in
- Gold Deposits with robust grades1
- Wenot Deposit (open pit, minor U/G): 3.7 million oz @ 1.82 g/t Au Inferred (63.4Mt) + 0.97 million ounces @ 1.46 g/t Au Indicated (20.7 Mt)
- 2024 baseline PEA on Wenot Feb 2024 Resource Estimate for 1.84 m oz production over 13 years for IRR of 19% and NPV5% of $556million @ $1,950/oz gold price
- Gilt Creek Deposit: 1.15 million ounces Au (Indicated) averaging 3.22 g/t Au (11.1 Mt) + 0.67 moz Au averaging 3.35 g/t (Inferred) (6.2 Mt) using a 1.5 g/t Au cutoff grade
- Updated PEA expected Q1 2026 to include new expanded Wenot MRE plus adjacent Gilt Creek deposit
- Successful large-scale past production supports lower risk to Re-Development
- Produced 3.8 million oz gold2 at 1.5 g/t Au from 1993-2005 and shut down when the gold price was below US$400/oz. Minimal historical exploration done outside of the mined deposits, leaving deposit extensions and targets undrilled.
- Government very supportive of exploration and development to create jobs and infrastructure in the interior of Guyana
- Environmental permit (2 year) granted in October 2024 following public comment period
- EIA application submitted early September 2025
- Engaged ERM International to assist in EIA process
- Management focused on creating superior shareholder value
- Rapid resource growth has and will continue to be the focus to create superior shareholder returns
- Especially given recent acquisitions in Guyana at significant market premiums, now is the right time to expand gold resources on a world-class project with superior site access and infrastructure
- Well-financed with Experienced Board
- Completed a C$40m financing with no warrants in October 2025
- Well-balanced board of directors with complementary skillsets including gold discovery and exploration, capital markets and M&A, and project engineering and advancement
- 2025 Catalysts:
- Ongoing aggressive exploration program with 5 diamond drills will provide a regular flow of drill results
- Significant additional drilling to optimize PEA and reduced strip, explore east and west extensions, expand Wenot resource, explore nearby targets
- Updated PEA to include expanded Wenot open pit resource plus first inclusion of Gilt Creek underground in a combined life of mine plan, expected H1 2026
- Environmental Permit granted, EIA Application submitted September 2025, paves the way for EISA advancement towards Mining Licence for the Omai Gold Project
1 NI43-101 Technical Report dated October 9, 2025 “UPDATED MINERAL RESOURCE ESTIMATE AND TECHNICAL REPORT ON THE OMAI GOLD PROPERTY, POTARO MINING DISTRICT NO.2, GUYANA” was prepared by Eugene Puritch, P.Eng., FEC, CET, President of P&E Mining Consultants Inc. is available on SEDARplus.ca and on the Company’s website.
2 Past production at the Omai Mine (1993-2005) is summarized in several Cambior Inc. documents available on SEDARplus.ca, including March 31, 2006 AIF and news release August 3, 2006.
