bullish

OMG: Highly Economic PEA on the Wenot Open Pit

256 Views05 Apr 2024 03:00
Issuer-paid
SUMMARY
  • Omai announced its initial PEA on the Wenot Open Pit, reporting a highly profitable, low capex project, with substantial upside.
  • The PEA reported a low AISC of US$1,009/oz, IRR of 19.8%, and an after-tax NPV5% of US$556M (at US$1,950/oz Au).
  • The average annual production is expected to be 142Koz over a 13-year mine life, mining an average grade of 1.51 g/t Au at 92.5% recovery.
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