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Unsure if I have posted this on LSE or only in Telegram, but since I’ve found some time over the weekend and the BB is quiet, I thought I would share again. (For information only — I’m not a geologist. These concepts and hypotheses just help give a high-level view of what we’re aiming for.)

APTA currently hosts several very high-grade pods centred around 200m below surface, surrounded by a lower-grade halo. Over the past year, Orosur has been reviewing the geological concepts and re-logging all the historical cores. This detailed work is helping build a much better understanding of the system, which is essential for defining the MRE. Note: Pepas only advanced to its maiden MRE once a revised and robust geological model was in place.

One of the key hypotheses for APTA is the “West Limb”.

This is a structural reinterpretation suggesting the known APTA mineralisation could “loop back” or extend westward and down-dip into a potential feeder zone or offset limb. Testing this could significantly expand the deposit footprint and materially upgrade the deposit size.

From a high-level view, picture an ‘r’ shape: the current known deposit sits at the nose/curve of the ‘r’. The West Limb concept involves following the mineralisation back up and then down the vertical leg of the ‘r’ - toward a potential feeder.

Understanding the mechanics of these gold deposits is important — not just for the MRE, but for pinpointing other areas where gold may still be undiscovered.

Orosur will also be testing a couple of other concepts, including:

- South-Eastern Extensions (deeper down-dip continuity), and

- Overall Structural / Emplacement Reinterpretation (broader controls on the system).

The West Limb idea was first discussed a few years ago (including by AGEOS on the LSE board) and gained traction after earlier drilling at APTA. However, it was MAP-096 that provided the strongest confirmation of anticlinal folding, making the Western Limb a realistic target worth drilling now.

It’s also worth noting that Buriticá Mine (located ~60km north of APTA in the same Mid-Cauca belt) started with similar high-grade, somewhat poddy-style zones. Through extensive drilling and geological reinterpretation by Continental Gold, it was successfully expanded into a multi-million-ounce Tier-1 asset.

Holes PEP082 and PEP083 drilled into Pepas West have delivered some very high-grade gold.

A standout intercept of 8.27 g/t Au over 14 metres is not something to be dismissed by anyone familiar with gold exploration.

What makes this particularly interesting is that the mineralisation starts from surface (shovels at the ready) and lies approximately 100m away from the original Pepas deposit. The last RNS stated “mineralised material visually similar to Pepas with evidence of the same mineralising events,” strongly suggesting the two zones share the same source.

Given the epithermal deposit model, this supports the idea that mineralising fluids have risen from deeper sources.

So with all this in mind — Will these high-grade veins lead us to more repetitions along subsurface structures, or will they take us straight to the source much deeper?

How many of these smaller deposits will be discovered before we get a clear vector to the main source/feeder zone/mother?

Noting that Pepas itself was unable to do so because it appears to have been cut off at depth and does not extend further downward.

The key takeaway is that Pepas is no longer alone. What we don’t yet know — but are progressing each day to find out — is just how large this epithermal system really is… If Pepas is just a small high-grade nugget of this epithermal system, how big is the rest of it?...

The questions being written via 'X' are simply to keep shareholders engaged with the wider picture of the Grand Pepas strategy. They are not suppose to come across as though we do not have a forward plan. Of course we do.

These are all valid questions (How big? Where from? Where next?) and will be answered in due course (via assays) - Hopefully we are in for rather a nice surprise with PEP084/085/086.

Pepas West may be a small repetition deposit or... Pepas West may be a small vein leading us to a much larger deposit... No one knows at this stage.

Unless you can understand the general concepts of what this means, you may get thrown out of the SP at levels just before lift off.

I agree with @velma with respect to the unseriousness of the post.

I believe Brad is just speculating on how to progress as they await the results for PEP084/PEP085/PEP086... Passing time, as ultimately these last 3 holes will guide the forward direction.

If these holes provide good indication that Pepas West leads to something more serious, ofcourse it makes sense to chase it.

Pepas West will be giving a lot more information on the overall geology than Pepas itself due to not being fault bounded/truncated (wedged between faults).

Correction: PEP082 and PEP083**

Element, if you agree... then at this stage (with only two drill holes plunged so far), no one can confidently state that Pepas West is only ~5koz Au.

In actual fact, it looks far more likely that we have just found our first lead into the main Pepas Feeder from the West, not the North as I has always thought.

It is probable that PEP083 and PEP084 (and the broader Pepas West zone) are lateral extensions from the main Pepas 'feeder zone', as opposed to a simple extension of the known Pepas deposit or simple satelite deposit, due to:

1) The Pepas Main deposit being truncated/bounded by faults (SW margin).

2) The ~100m distance from the Pepas Main deposit. New zone delivered from below.

3) The high-grade shoots that are very distinct from the non-economical zones. Touching on boiling points and path finders rather than limitations.

IMO Pepas West will lead to something much bigger — and if this is the feeder, much deeper.

Element talks a big game… but he’s just a little fish in a rather big pond. It’s a decent-sized holding, but it hardly matches the confident attitude and character he projects on the LSE.

I expected more.

Anyway… back to Pepas West.

We’ve got high-grade gold right from surface — and it clearly hasn’t been transported from above. Mineralisation in the current orientation holes (PEP082 and PEP083) is limited in depth so far (as rightly pointed out by Mr E), but this gives us an excellent opportunity to use Pepas West as a pathfinder.

With further drilling, we will hopefully vector towards additional repetitions of the structure or, more excitingly, the main feeder zone.

Regarding the soil displacement in the area: This has likely moved or masked previous surface indications of the deposit. This means Pepas West could represent a blind or partially hidden extension — one that only recent drilling has revealed, even after years of exploration by previous operators.

The more we drill, the more we know...

Element,

I would wait for the assays to come back from PEP084, PEP085, and PEP086 before jumping to any conclusions...

But do feel free to tell us what the assay results are please... seeing as you already know.

This new section has delivered high-grade gold from surface. That’s a fact.

High-grade gold from surface is literally the best kind of gold exploration companies can find. Also a fact.

As we discussed (debated), Pepas will provide everything we need to get this stuff out of the ground... so one could argue that all this new high-grade gold is essentially pure profit.

The market’s belief in the company’s ability to deliver only gets stronger as we continue to produce results like these.

Each one makes you look a little more inadequate as a self-proclaimed geologist. That geology degree of yours is losing value faster than fiat currency.

Finding Pepas West is not only positive for potentially adding more ounces of gold to the resource — it also builds real confidence in the BoD and our geologists’ ability to deliver.

Brad has always been confident about extensions, repetitions, and possibly a feeder system...

'PEPA's is just a small part of a much larger system'... Pepas West is confirmation that he is correct. A far cry from Elements prediction not that long ago on the 'data'.

Now the fun really starts… Where will Pepas West take us?... and how many of these satellite deposits will we find?

Pepas 1, Pepas 2, Pepas 3, Pepas 4... 7?

High Grade, from surface, Cash Cow!... Or perhaps a field of Cash Cows?...

Anyway...

And more importantly...

PEP084

PEP085

PEP086

Hope to see some more results this week.

Fire assays in Columbia - 5 day turn around.

Lets see some more chunky bonanza hits, leads or best case - lengthier high grade intersections.

Also worth noting that we have previously had channel sampling results from 'North' Pepas:

105 m @ 1.15 g/t Au and

49 m @ 2.59 g/t Au, (including a 10 m section @ 6.93 g/t)

Just another confirmation that this land (100% owned) is dense with gold and it's not solely contained within Pepas deposit alone.

Two near term catalysts for big Mcap movements (days/weeks) - Pepas West & El Pantano

The news rich period has arrived. Good luck to all holders.

Very interested to see what they have found at El Pantano (Argentina).

Our geologist seem to love it...

Brad and Louis have been very upbeat on initial core visuals and throughout.

Lots of speculation regarding 'a big friend' coming onboard. That would be ideal for us but remains speculation.

Looking forward to the fact sheet (aka RNS) coming through to tell us the reason for silence in the last 6 months.

Pepas Deposit - 200koz Au @ 5.5 g/t - MRE (If we can get it away via toll processing, this will be our cheque book going forward into some serious exploration - on our already mapped/sampled prospects).

Pepas West - Located a small nugget of gold (similar to that of the mineralisation of Pepas, just 100m away) Currently under exploration. This is confirmation that the scale of Pepas/Surrounding Pepas is not limited to a single deposit - both Brad and Louis strike again.

APTA - Testing of extensions currently ongoing - if confirmed, a material upgrade will be applied to this deposit - (Already roughly in the 1Moz area). Will be moving this to MRE this year.

El Cedro - Double porphyry (possible multiple cluster) - Maiden drill campaign, starting after aero-mag concludes (likely H2).

El Pantano - We await to see what this wild card returns... As a minimum, we would hope to have identified multiple targets to return to in phase 2. The initial phase 1 (greenfield prospect) has sounded very promising throughout, suggesting we have hit a mineralised system - as a minimum.

La Virgincita - Our back pocket prospect - Also Newmont's prior favourite target.

It’s important to recognise the OMI team and their proven geological experience — delivering results and achieving key milestones.

Exploration always needs some luck, but having a competent and experienced team at the helm dramatically improves the odds.

So when summing up OMI as an 'Exploration Company' - IMO We are in great hands.

Yes, I would agree with you... We are in for an action packed Q2...

Still... the market needs material information to move.

I'm all up for the market catching on, but I already know what we have... it's the market we can not control.

Legal, you have to admit (to a minimal degree), this Q1 has been a little bit of a let down from what we thought it was going to be 'news intensive period' with Brad sitting on results. Not quiet what we all thought...

My point wasn't that you were spinning it out, but rather Brad's delay (s) and spin out. Believe me, I want OMI to do wel, but, we are beholden to other contractors timelines/delays.

You should join TG group, we're all still very positive in there.

There is no spinning this out legal... we need news to move the dial here. Everything is in Brad's hands... and has been for some time.

The market can do what it likes... Yes, we are more immune to the gold price to a degree - due to the high grade at Pepas/APTA, but it doesn't influence the speed of the drills we're plunging into the ground or what we find.

We have the funds... so let's get plunging into those high grade targets!

Elements conclusion is that he doesn't think OMI's worth current Mcap as it stands and he will be back when/if pepas gets to production and/or if we hit another bonanza hole to reassess.

Could of saved us all a few months of pain here Element.

I'm not one for 'I told you so' either...

But I am one for 'wait and see' what happens.

See you in... a month's time?

Element, this is about OMI... Correct.

Not just the current conservative view on the 'current data'... (From 2021) - that you keep pushing.

But also... the upside potential (new data) from our $14M exploration war chest. - The part you dismiss as 'IF'.

I feel you you are blind to the upside here. Even when you are pointed in the right direction.

I've suggested scenarios, theories / hypothesis that show we have multiple avenues of material upside... that are near term catalysts. From a few weeks to a few months away.

When we do hit a decent strike during any one of our expedition holes... our share price catapults.

- Grand Pepas - Recon.

- El Pantano - Maiden (Green field project)

- El Cedro - Maiden (after years of reviewing + map/samp/aeromag)

- APTA - we're just looking for that expansion and potential feeder zone. Wheres a better place to find more gold than a joining onto current undefined deposit?

Our drilling programmes in ANZA are relatively cheap - 1.5M/year (included with lab assays).

There is nothing wrong with 'being conservative'... it's the twisted part - that you resent OMI - that investors dont like and everyone can all see straight through it.

You don't think that telling people here that the 'APTA deposit is 0.5g/t eq. because of the green outer shell' on the technical report is misleading?

Or your example '1.2mOz getting sold for $75'?

Your own examples are very misleading (unless you go back to the original posts and do some deeper digging).

Element1 is making the classic mistake of delivering an overly conservative assessment based heavily on older 2021 data mixed with his own dis-taste for OMI to the point that he appears to dismiss any upside potential.

The upside here is significant — that can’t be ignored.

In fact, I suspect this upside is exactly what makes Element1 uncomfortable.

On one side we have historical data (and a previously unfunded exploration company); on the other, a company with substantial new information, $14M exploration war cheat, an existing gold resource at Pepas, a partially understood APTA deposit, and a very capable geological team.

Good luck, Element.

For your sake, I hope we don’t hit:

- APTA Extensions along strike

- APTA Extension down-dip

- APTA Connecting pods or new pods (West Limb)

- Grand Pepas strategy (Repetitions and Feeders)

- El Cedro (Dual Porphyry)

- El Pantano (Large gold/silver epithermal system)

That’s a lot of potential catalysts - (a lot of ducking and diving on your behalf...)

Maybe instead of 'Batman', we should call you 'The Flash' — because of how quickly you will disappear from this OMI board when any of the above start delivering.

Element,

We are a gold exploration company.

That means we work with limited data to identify targets, speculate on what may lie beneath the surface, and develop hypotheses about how the ore system was formed.

You are currently doing your research based on that same 'limited data'. This is exactly why APTA has not yet been converted into an MRE — because our geological concept (which is still a hypothesis at this stage) does not yet have enough data to be fully understood and validated.

If you’re not interested in the speculation and hypothesis side of the business, then maybe gold exploration isn’t for you.

Here is my favourite hypothesis (outside of the ‘system extension’ play in the East/South):

“Western Limb – Folded repetition and feeder”

This was one of OMI’s earliest hypotheses and was confirmed by indications from hole MAP-096.

Makes sense as to why we’re “going back to basics,” doesn’t it?...

"APTA and Pepas are both truncated deposits at ~150m depth by regional faulting.

but critically “open at depth”.

That’s the key point - the Awale deposit have scale in depth rather than being truncated.."

You do know APTA is also 'open at depth' AND 'along strike'? It's fault bounded with offsets... but never the less, open at depth (proven).

You've either copied and pasted that too quick to proof read it, you just aren't aware or your being misleading.

I'll give you the benifit of doubt and say you didn't proof read it.