April 2025: Status Update
Executive Summary:
Core samples from drilling processed and sent for analysis
Due to favourable weather conditions in Q4 2024 and Q1 2025, the RC diamond drilling program continued in full swing through to February 2025. The samples gathered during this extended period indicate an extraordinarily high-grade gold content, some samples as high as 200 g/t, at a depth of from 5 metres to approx. 15 metres below the surface.
Mining activities planned for June/July
The results of the lab analysis by end of May, coupled with the availability of sufficient funds, will determine the extent and the precise locations where mining activities will be performed during the months of June through September 2025.
Balancing Mining and Exploration: A Value-Maximizing Strategy
Omega Minerals Plc has been systematically conducting exploration activities for many years, building a comprehensive understanding of its gold assets. The current technical reports and NI 43-101 documentation represent the culmination of this sustained effort, providing credibility and regulatory compliance that is essential for valuation. While 2025 will see a strategic shift toward small-scale mining operations as mentioned in our February update, continued exploration remains necessary to further enhance asset value and support long-term growth.
JP Jenkins Platform Update
Since Omega Minerals PLC joined the JP Jenkins platform in January, the venue has demonstrated remarkable growth and momentum. The platform now hosts 57 companies, with an impressive 27 new additions in just the last four months. JP Jenkins has continued its strong expansion through March, welcoming 10 new companies, bringing the aggregate market capitalization across the platform to just under £2 billion (£1.84 billion).
PISCES, new UK regulatory framework
Notwithstanding all of the above, a new UK regulatory framework known as “PISCES” recently announced by the FCA, could complement JP Jenkins and similar platforms by providing an additional regulated venue for private company share trading with specific tax benefits. PISCES (Private Intermittent Securities and Capital Exchange System) represents a significant development for UK financial markets, creating a new regulatory framework specifically designed to facilitate the intermittent trading of existing shares in private companies.
Gold hits another all-time high
As Omega Minerals plc positions itself for a substantial shareholder exit, the current gold market presents an exceptionally favourable backdrop. Gold prices have surged over 22% since January 2025, currently trading around $3,200 per troy ounce.
Basel III
The approaching July 1st implementation of Basel III regulations in the United States provides additional structural support for gold prices. This regulatory shift reclassifies gold as a Tier 1 asset for banks – equal to cash and Treasuries – allowing financial institutions to hold physical gold at 100% of its market value within their capital reserves. This regulatory validation of gold’s monetary status is driving unprecedented physical demand as banks prepare for compliance, creating a powerful tailwind for prices. Leading financial institutions project gold reaching $3,300-$3,700 by year-end, with potential for $4,000 in 2026.
Outlook and exit options
Omega remains focused on creating exceptional shareholder value through acquisition and exploration, producing and updating independent technical reports to validate and increase gold reserves.
With exceptional gold grades confirmed, strategic mining operations imminent, and favourable market conditions aligning with our exit timeline, Omega stands poised to transform years of methodical exploration into substantial shareholder returns and deliver the profitable exit shareholders have anticipated. We look forward to updating shareholders as the 2025 mining season unfolds and we advance on multiple fronts.
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