Member Info for DrRemington

Https://ceo.ca/content/sedar/OMI-2025-11-18-management-information-circular-english-430d.pdf

AGM RNS just dropped on TSX, 17th December. London City.

I’ll add, I wouldn’t be shocked to see the Pepas drilling campaign completion tomorrow.

Then let that rig do the talking around Pepas whilst the advance to MRE.

The majority of our sector are between 20%-40% down in the last month.

WSBN 30%, EUA 29%, EEE 16%, HAMA 45%, AYM 45%, ALBA 52%., UFO 20%, COBR 17%. To name a few.

OMI 22%….

We are cashed up here for 12-18 months. That’s the largest hurdle. Luckily the board struck whilst the iron was very hot, with gold peaking.

Now it’s sit back and relax whilst they push Pepas towards production, Apta towards MRE and explore further high potential prospects.

I wouldn't call it leaky, i'm just think along the lines that investors are happy paying sub 10% more than the recent placing price, and 30% down from the recent top.

There's numerous irons in the fire now here and we've seen a much higher market cap / share price based more or less solely on Pepas.

Gold's also creeping back up.

The company is cashed up, drill's are turning, share price will look after it's self. Good luck all.

Yeah, I think I misread that TJ. Could we see some news drop tomorrow then?

Surely.

Https://x.com/OrosurM/status/1990692462411854225

‘Planning a fireside chat with Donald Leggatt on Thursday to chat about our recent activities and the mood of the markets we have noted over the last few weeks on the road.’

Well I’d have to say that should coincide with some news dropping, assays and completion of Pepas infil drilling for Monday / Tuesday?

I’ll revisit that in November 2026, I would not be shocked in the slightest to see a ten bagger from this level by then.

That’d make it a 100 bagger from Nov 2024.

Let’s see how it prevails.

Johnstoneo 14 Nov 2024 13:55

‘Likely see 2.5 by end of Friday. Then we will have Dr and st sayin just buy more to average down.

I knew the old directors will buy soon would come out at some point this week.’

That aged well Johnstoneo, it’s from precisely one year to the day.

Mocking me and ST for averaging down at 2.5p haha. Ten bagger plus material since. I only managed to add 2m around that level and lower. Gutted. I should have gotten much more.

Have a lovely weekend.

Have of read of this:

https://wp-orosur-mining-2021.s3.eu-west-2.amazonaws.com/media/2025/06/20250617-OMI-Initiation.pdf

APTA prospect remains a key target that is advancing toward an MRE. Since discovery in 2012, over 38,000m has been completed at the prospect with numerous thick, high-grade intersections reported to date.

Historical highlights include:

1) 14.09 g/t Au over 40.5m incl. 70.99 g/t Au over 6.5m (MAP_038),

2) 40.37 g/t Au over 14.7m incl. 58.03 g/t Au over 10.2m and 219 g/t Au over 1.9m (MAP_048),

3) 9.61 g/t Au over 59.55m incl. 15.86 g/t Au over 34.75m (MAP_089).

The majority of work at APTA was undertaken by Orosur’s predecessor company and subsequently by its previous JV partners MMA. MMA, being major miners, had little interest in moving the project to an MRE. Orosur now has an advanced project to take forward, and its external consultants have indicated that a potential MRE at APTA could be enhanced by a better understanding of the geological controls on mineralization. Orosur has engaged geological consultants to examine this potential.

Anza has potential to host near-surface Au deposits. We believe the Anza project could host numerous near-surface gold deposits, potentially fed by porphyry systems at depth. The project features thousands of meters of historical and recent drilling, which suggests to us that mineral resource estimates could potentially be delineated at the APTA and Pepas prospects relatively quickly in the future. Based on drilling completed to date, we believe Pepas and APTA could support a combined mineral inventory of ~1.4M oz AuEq at an average grade of 5.24 g/t AuEq. Should the company make a discovery at the Pepas 2 target that is comparable to the mineralization delineated at Pepas and accounting for the size of the anomaly defined by soil and channel sampling at Pepas 2, we believe it could delineate an additional ~1.4M oz AuEq at 4.47 g/t AuEq. Thus, in the near to mid-term, we believe the company could potentially delineate up to ~2.8M oz AuEq in gold mineralization. We detail our mineral inventory estimates in Appendix A.

Somones accumulating, 153k, 150k, 100k and 101k currently been printed all around roughly the same time. Let's see if any more pop up.

A couple of 100k buys, we'll likely see some delayed sells pop up after close.

Interesting now that the gold price is actually higher than gold futures, i've never known that?

Let's see how TSX reacts.

APTA

APTA lies in the centre of the Anzá project and has seen significant exploration work undertaken. This was primarily conducted by the previous holder, Waymar Resources, and the MMA JV group, which focused on drilling. Geology APTA is part of the wider Anza project in Colombia.

Mineralisation is hosted within Jurassic volcanic rocks and is noted to be widespread and dominated by quartz vein stockworks, breccia zones and silicifcation. Drilling has identified multiple zones of high-grade gold mineralisation over a strike of 1.5km and a depth over 275m. Zonation had initially suggested its potential as a VMS-epithermal hybrid system, although management now sees similar mineralisation characteristics to Pepas.

High-grade mineralisation is dominated by several thick, high-grade plunging shoots surrounded by a lower-grade halo. Mineralisation is believed to be defined to one stratigraphic level, dominated by thick and high-grade zones.

To date, 38,000m of drilling has been undertaken at APTA, with intercepts highlighting several distinct high-grade ore zones supported by more pervasive lower grade halo material. Highlight holes included MAP-072 which yielded 70.5m at 3.35g/t Au, 9.3g/t Ag and 1.62% Zn downhole and MAP-089 which returned 60m at 9.61g/t Au, 6.2g/t Ag and 3.75% Zn.

Orosur intends to boost their understanding of the high-grade pods, which may require further drilling to take the asset to MRE. As above, we model a rough mineral inventory over an 550m strike length, 100m width and 30m depth for total tonnage of 4.3mt at 4.5g/t AuEq ($3,600/oz Au, $3,200/t Zn, $39/oz Ag) for c.621koz AuEq. We see this as conservative and view ample expansion potential from further drilling along strike and at depth.

Going forward, Orosur will take a new approach to their APTA geological model. The project is likely to be an underground operation, should the MRE indicate potential for reasonable economic extraction. In line with plans to release an MRE, Orosur will target better definition of the high-grade zones. Orosur will move the rig to APTA once drilling is complete at Pepas. This will enable the delivery of a maiden MRE at APTA, with the process underway Q1 26.

'Zonation had initially suggested its potential as a VMS-epithermal hybrid system, although management now sees similar mineralisation characteristics to Pepas. '

That's an interesting take, that's the first time i've read that they see similarities to Pepas. Apta will come in north of 1m oz, averaging 4-5g/t once the additional work has been completed.

Between Apta and Pepas, by H2 next year we should have 2m oz ish, averaging 4g/t + on the books. Grade is king.

Pepas underscores value with high-grade, near-term production opportunity Orosur reacquired the wider Colombian Anza project from the MMA JV in November 2024 and has wasted no time in returning to exploration at the licence package.

Focus has been on Pepas, where 66 holes have now been drilled, returning highlight intercepts including: 112m at 5.3g/t Au, 59m at 10g/t Au, 62m at 12.8g/t Au, 47m at 15g/t Au.

Orosur is aiming to deliver a maiden MRE by year-end, before progressing the asset towards economic studies.

Whilst early, we have outlined a potential capital-light toll-treating scenario at Pepas, feeding into local processing facilities. Should metallurgical, permitting and other key workstreams prove the concept, Pepas could provide a source of cash-Aow through which to fund a wide exploration drive across the Company’s exploration portfolio.

Pepas: Potential 26kozpa toll-treating operation over 10-year LOM For Pepas, we value the asset using a conceptual DCF5 on a low-capex, toll-treating operation based on an assumed mining inventory of 2.5mt at 4g/t Au for 334koz Au.

Whilst we expect the upcoming MRE for Pepas to further refine our assumptions, we see a basecase resource based on open-pittable gold deposit over 250m length, 80m width and 50m depth with 2.6 t/m3 density.

Our conceptual model assumes a simple open-pit operation with development capital requirements - primarily road development and a small crushing plant of $25m - including contingencies, recoveries of 85%, strip ratio at 2:1, a 10-year LOM with average annual throughput of 250ktpa. This sees average annual payable production of 26koz for total gold production of 260koz.

For operating costs, we assume a mining cost of $5/t mined, $85/t for processing and toll treatment costs. We estimate c.21ktpm of trucked ore to local processing mills at a cost of $10/t of ore over an 80km distance. Factoring in state royalty rates of 4.5%, and $7/t G&A costs, alongside $5m in LOM sustaining capital, our AISC estimate for the Pepas toll treating operation stands at $1,222/oz over LOM.

Using our SP Angel in-house long-term gold forecast of $3,300/oz, this generates a posttax NPV5 of $204m and an IRR of 65%, or £0.37/share fully diluted for construction. Using spot prices of $4,000/oz, our post-tax NPV5 increases to $279m and IRR of 79% or £0.50/share fully diluted.

We discount this with a 0.5x risk multiple to reflect the pre-MRE and pre-engineering/metallurgical stage of the asset, which yields an attributable value of £0.18/share at our in-house gold price. As a result, our Pepas valuation underpins the current value of Orosur, suggesting the market is attributing no value to the near MRE APTA, alongside the highly prospective porphyry targets at El Cedro and the greenfield El Pantano gold project in Argentina.

Great timing again on Gold, posted that its down just as it turned green….

Only $3 difference now between the price of gold vs gold futures. That’s the closest I’ve ever seen them.

I reckon it absolutely stinks over there Alkri, why release that RNS today highlighting 2023 exploration.. Why do two quick fire raises on the strength of some visual cores on X..

‘this fundraise equates to nearly A$3.1 million which pays for a lot of additional drilling and expands our exploration activities well into next year."’

That was the first raise in August, the next one came within a month. After they said they had funds for well into next year.

I’d never trust RP or / and DL.

Well if they wanted to push the price down with that RNS then it's having the right effect.

What a weird RNS.

18m @ 0.49g/t Au and 0.004% Cu from 308m

1m @ 3.73 g/t Au and 0.1% Cu from 191m

14m at 1.0g/t Au and 0.2% Cu from 266m

25m at 0.28g/t Au and 0.11% Cu from 195m

3m at 0.18g/t Au and 0.82% Cu from 166m

1m at 6.48g/t Au and 15 ppm Cu from 246m

10m at 0.48g/t Au and 0.03% Cu from 117m

Some of the results from 2023, seems a totally pointless RNS. And these results, are they even worth reminding people about now the market caps reached £30m?

AK247, I know one worse, he's called David Lenigas.

Just a reminder from 2023 lads. Regards RP

That looks high grade for certain. Even the the core to the left of the middle core he's holding, on the middle image looks to have visible gold aswell.

Yes Kev, someone is unloading in 50k's, 3 have just gone through in the last few minutes. That's 10x sells in the 50k's.

Once they stop, then they'll not be much holding it back.