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Looks like another potentially high quality acquisition by RP and team if all goes through the DD process.

With Antipa to the north and FMG to the south this new licence is certainly in a highly prospective jurisdiction.

WSBN looking to become an even bigger player in the patersons region

If JA finally gets this Njom-3 drill away could we be looking at the foothills or the kind of dramatic rise CHAR holders have seen over the last couple of years after many false starts, then finally getting funding in place, followed up with a successful outcome on a high C.o.S drill here.

GLA

Starting to look busuer by the day on here now.

Not only is this good for OMI, it should hopefully be good for the wider sector as a whole if we start to get onto a bit of a rally throughout September/October

Tend to agree with the notion that a higher quality concentrated PF is better than a scattered wide and far approach. If you are going to have a punt on every single junior mining company out there then you might aswell just buy an index tracker as cycling back into juniors miners when they are near their lows takes patience.

If you were quick on the mark, you could have snapped up the VanEck junior Gold miners ETF on the March 20 crash and had you sold at the top seen a near 200% gain, however there were many juniors that 20 x bagged or more over that time frame for those shrewd stock pickers and whilst it's rare to catch the very bottom or the top of all these trades, if you are catching the fat of the trade on the majority of those big movers it makes a big difference to your overall PF performance come the year end.

If you don't have a South American high growth potential metals play in your PF this ticks a lot of boxes imo.

GLA.

The SP has only risen since the webinar was first announced last week, and continues to be advertised on this LSE platform as it has been for the past few days.

Looks like the webinar is starting to attract the attention of the wider markets (a variety of new posters and a busier bb as a result) and given this will be signalling the end to the recent news blackout and the hotly anticipated updates from our Majors.

More accurately, the SP continued to rise today since the early morning RNS.

As someone noted previously, it's good to see these steady risers and no doubt momentum will continue alongside small profit takers all the way through the coming weeks as each update is released to market.

Consolidation is extremely healthy for the SP with all genuine major risers.

We witnessed OMI do a similar steady rise through August 2020 ahead of the big RNS that then saw the SP leap vertical.

I'm sure all holders would happily see a similar scenario and the company is in a far stronger position now.

Worth taking a reminder at the impact confirmation of phase 2 works commencing with their JV global major had over at GGP, followed up by their subsequent regular drilling news updates.

GGP was about 1.8p when they announced commencement of their phase 2.

They then went on to see a 20 x bagger return at one stage as the acceleration of drilling took place and more rigs were added in the run up to their Maiden MRE.

If everything lines up and we are moving from what was at one stage for a long period of time here at OMI just one rig to now progressing to 3-4 Rigs on site and the potential for this to increase further. All bets are off as to what level this could run up to.

Certainly wouldn't be ruling out a potential re test of previous highs of c.40p last seen in 2021 as a starter on Phase 2 confirmation combined with some juicy exploration updates.

GLA

Starting to move now back to 0.3 ahead of news.

Got a really good feeling that the next few weeks and months here are going to be special and can see multiple updates starting to land from next week and looking forward to our presentation.

RNS should be logged for year end results on 31/8/22

The other updates theb due from Anza, Argentina and Brazil should start to land shortly thereafter.

Additional money coming in from JV

Free carry on the next $20m of drilling by Newmont/Agnico

Latest round of drill results.

Then presentation on the 6/9/22

All looking good.

Nice finish to the week.

@bonker99, noticed you grab that super quick > in @ 2 & out @ 4 < bag over the road. :-))

Well played sir.

Momentum building here now.

Have a good weekend all.

Our Drill rigs have been operating North from APTA at Pepas and Pupino over the past few months.

Along the SSW-NNE trending Aragon fault targets we have been drilling and sampling are near to where our neighbours RRM Ltd who are drilling the neighbouring license to the north west of ANZA released some drill hole results a few months ago which included: 303.7 metres at 1.1 g/t gold

Brad mentioned that their 303m at 1.1g/t indicates that our neighbours have drilled through a porphyry which looks to be a "smaller neighbouring cousin" to what Newmont and Agnico think is likely to be the MAIN intrusion contained within OUR licence area

Directly due north of APTA is what the company believes is the porphyry source, Brad confirmed that they had seen from both the IP surveys over our licence that these porphyrys can be seen and mentioned that the follow up sampling and mapping both appears to confirm the anomalies and structurally it sits in the right place within our licence on the Aragon fault which is mineralised all along the length.

If we are about to confirm a hit and a repetition of APTA we will have several months of significant drill results to look forward to.

In addition, we then have the program to the south with initial mapping revealing samples up to 10g/t at surface.

All Looking exceptionally good.

@islandG

The MM's will no doubt look to grab stock from whenever they can to fill orders whilst not wanting to give up the holdings they have accumulated ahead of news.

Well they're not having any of mine!

GLA

The following grades have all been reported from the licences that we hold that make up the ANZA tenement area.

> 13635011
> 7248B
> IFS-11361X

Map96: 51.55m @ 1.32g/t Au, 1.34g/t Ag, 0.35%Zn
Map93: 14.85m @ 1.60g/t Au, 1.08g/t Ag, 0.79% Zn
MAP91: 61.75m @ 2.05g/t Au, 3.3g/t Ag, 0.82% Zn
Map89: 59.55m @ 9.61g/t Au, 6.23g/t Ag, 3.75% Zn
MAP-082 29.45m @ 2.50g/t Au, 1.95g/t Ag, 1.08% Zn
MAP-079 23.75m @ 17.40g/t Au, 1.84g/t Ag, 0.19% Zn
MAP-079 0.4m @ 948g/t Au
MAP-076 12.25m @ 5.39g/t Au, 1.65 g/t Ag and 0.18 % Zn
MAP-073 21.60m @ 6.02g/t Au, 6.02g/t Ag and 3.23 %Zn
MAP-073 21.60m @ 6.02g/t Au, 6.02g/t Ag and 3.23 %Zn from 271.75m
MAP-074 5.20m @ 1.17g/t Au 4.97g/t Ag and 3.02% Zn from 195.40m
MAP-075 19.85m @ 0.90g/t Au 2.17 g/t Ag and 6.46% Zn from 226.15m
MAP-076 12.25m @ 5.39g/t Au, 1.65 g/t Ag and 0.18 % Zn from 228.65m
5.90m @ 4.55g/t Au, 2.74g/t Ag and 0.30% Zn from 171.1m
70.50m @ 3.53g/t Au, 9.33g/t Ag and 1.62% Zn from 184.80m

We are now drilling both north and south of APTA within our fully permitted licences on our tenement

In addition to the above

We have licence ICQ-080035X which is presently under application as it adjoins our existing licence and would then extend the tenement by another 10km to the north

They also have the following licences

LHO-08O11
0G2-08465
TJ4-15191

With 4 drills operating north and south of APTA.

Looking good for some major news catalysts to start to land here any day now.

Looks primed to make a significant move north.

GLA

NT to buy size is an excellent sign

MM's will need to move this up considerably as we head towards updates due and suspect they will want to keep hold of plenty of stock for themselves given the raft of updates due to land over the coming weeks.

GLA

Longer term value is clearly worth a lot more than a potential 200% spike over the coming weeks.

Zijin paid $1billion+ to aquire nearby Buritica gold mine from Continental gold and at the time they only had a reported MRE of around 3.5m ounces from memory (since upgraded to c.6m ounces)

Just take a look of the grades we have been reporting from just the first 5% targeted area of our licence.

This is not some pre discovery play.

The grades we have after ANZA are world class, and remain open at depth and in multiple directions and that just 5% of our total licence area with even higher grade zones as yet not drilled at depth.

The BB chat is starting to give me deja vu from when XTR started getting exciting pre assay reports from bushranger.

All very similar conversations, then initial assay results landed and the MM's took the SP vertical and it ended up at multiples of the pre assay SP.

GLA

@bonker99

Nice looking chart!

Not sure if you have seen the recent kitco interview with Patrick Karim and Badcharts covering things such as the POG, Nasdaq, bitcoin and economy, but ties in with your thoughts on $2400/oz Gold price.

@lee

I think the market is just waking up here that results are due to land. Plus the finalisation of the JV with an additional 20m drilling free carry plus extra 2m in cash in the bank and all should be released by the 6th Sept.

Even if they take matters to the wire, once you strip out the summer bank holiday there's not many trading days between now and then, so not surprised to see folk starting to scale in ahead of all the updates due as expecting the news flow updates will start to land one after another after the completion of the transfer of licences.

We all know this has the potential to make 100%+ moves in a single trading day as has been seen in the past.

Low free float of shares so not surprised to see the beginning of this accumulation now by the market.

GLA

Even before the world class drill hole results from MAP-089 to MAP-096 were released to market I recall Brad mentioning in one of the interviews that APTA was already looking like 'a few million oz'

This was followed up by further blockbuster results being released and APTA has has only grown in size since then as further results have been released.

All of the above representing Just 5% of the total size of ANZA.

It does look like Brad has had to operate under a news blackout period over the past few months until conclusion of the transfer of the licences into the newly created JV.

If the good results continue from ANZA both north and south of APTA and we have Multiple APTA type deposits, this genuinely will be one of the most significant gold discoveries in the past few decades.

GGP ran up as high as 1.5bn market cap in the run up to the release of their Maiden Resource Estimate

We are just a fraction of their market cap.

We should be comfortably moving back to a much higher range in line with our peers as we close in on completion of the Phase 2 JV.

Looking forward to the next round of exploration results being released

GLA

At just 15m m/cap (roughly half that of WSBN) this really is looking ridiculously cheap now for a potential Tier 1 discovery and 2 Global Mining Majors on board.

Coming to the end of the news blackout period.

Confirmation of an additional 20m + 2m payment (which is greater than the present market cap!!)

GLA

@Akrigas

OMI market cap of a mere 15m!!!

Cash held is c.4m in bank and a further 2m incoming and the creation of the formal JV ensures a further 20m cash will be spent by our JV partners Agnico/Newmont at ANZA

If we get the news we have been waiting for which will unlock the phase 2 JV funding of 20m I wouldn't be surprised to see this trending back towards 30p+

GLA

Anzà, what next?

-Results from Pepas soon.

-Four rigs now in the north.

- Second rig at Pupino - with Assays due.

-Geo teams moved to south of project.

-Progress on application conversion

. Exercise option to move to Phase 2 by Sept
6th 2022.

- Form formal JV,

-$2m payment to OMI to take 51% and spend $20m on next drilling phase to move to 65%.