Omai Gold Delivers PEA with After-Tax NPV5% of $556 Million (All dollar amounts are in United States dollars, unless otherwise stated)
Toronto, Ontario--(Newsfile Corp. - April 4, 2024) - Omai Gold Mines Corp. (TSXV: OMG) (OTCQB: OMGGF) ("Omai Gold" or the "Company") is pleased to announce positive results from its first Preliminary Economic Assessment ("PEA") for the Wenot Project, one of the two gold deposits located on its 100%-owned Omai Property, in Guyana. The PEA supports an initial open pit mining scenario for production averaging 142,000 ounces of gold per year over a 13-year mine life, with peak year production of 184,000 ounces. Total Wenot production is estimated at 1,840,000 ounces of payable gold. A spot gold price sensitivity of $2,200/oz supports an after-tax Net Present Value5% ("NPV") of $777 million, a 24.7% Internal Rate of Return ("IRR"), and a payback period of 3.5 years.
Omai Gold Delivers PEA with After-Tax NPV5% of $556 Million and 19.8% IRR at a $1,950/oz Gold Price for Wenot Open Pit Project in Guyana (newsfilecorp.com)