In line with the company’s expansion plans Omega has formally acquired the final block of 1,605 hectares (15km2) Alluvial and Mineral tenures, bringing the Company’s total footprint to in excess of 8,738 hectares (87km2).

The Mining arm of the company is presently concentrating exclusively on proving the estimated gold reserves on key strategically located properties. There will be some active gold production but primarily work is focused towards providing stock exchange compliant NI43-101 reports.

NI 43-101 Stock Exchange compliant reporting work will continue through July and August. The first segment of these Stock Exchange compliant reports is expected to be completed before the end of August 2021.

These NI 43-101 reports will provide the basis for the valuation required for the injection of such properties in for example listed entities, offering a fast-track exit to Omega Minerals Plc Investors.