March 2024

  • January and February saw productive discussions on several fronts regarding potential exits. The momentum is expected to continue in March, fuelled by the completion of the 2022 audit and the availability of Roma’s NI 43-101 report. These documents provide invaluable information for potential investors and are crucial for advancing negotiations.
  • With the spring thaw approaching in April, Omega Minerals is poised to kick off the 2024 mining season in British Columbia, Canada. Following the recommendations outlined in Roma’s February 2024 NI 43-101 report, we’re expanding our current footprint by acquiring approximately 1,000 additional hectares. This strategic move strengthens our resource base and reflects our commitment to long-term growth.
  • The 2024 mining season promises to be a period of significant progress. Our initial budget for drilling and surveying is set at approximately £2 million. This targeted investment will accelerate the completion of more NI 43-101 reports, further solidifying confidence in our resource estimates across the 3065 Collection and other high-grade zones. Our near-term goal of achieving a 10 million troy ounce gold resource is a realistic and achievable target.

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