AI assistant
OMNIA METALS GROUP LTD — Capital/Financing Update 2023
Apr 2, 2023
65494_rns_2023-04-02_c1fa7b97-dbe3-4338-8263-352e142a652c.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
==> picture [191 x 58] intentionally omitted <==
ASX RELEASE
ASX:OM1
3 APRIL 2023
Multiple High-Priority Targets Identified from Due Diligence
Omnia Metals Group Ltd (“Omnia” or the “Company”) is pleased to update the market with r esults of the due diligence that has been completed on the Lac Des Montagnes Project (“Project”) in the James Bay region, Quebec which has confirm ed five (5) large scale outcropping “Spodumene Suite” pegmatites.
HIGHLIGHTS
-
Due diligence completed at the Lac Des Montagnes Project, James Bay, Quebec, has confirmed the highly prospective nature of the belt scale opportunity, with multiple outcropping “Spodumene Suite” pegmatites identified.
-
An additional, extensively outcropping “Spodumene Suite” pegmatite has been identified, named Senay 15, and is situated on a highly prospective trend which is 2.2km in length and 830m in width (Figure 1).
-
Total of 7 (seven) large scale “Spodumene Suite” pegmatites confirmed with newly acquired, high-resolution satellite imagery highlighting significant surface exposures of pegmatite bodies (Figures 1-4):
-
Senay 5 - 2.3km in length and 440m in width.
-
Senay 15 – 2.2km in length and 830m in width.
-
Senay 9 - 1.5km in length and 410m in width.
-
Senay 8 – 1km in length and 190m in width.
-
Senay 21 – 450m in length and 200m in width.
-
A total of 58 (fifty-eight) pegmatite granites have been historically mapped within the Project area, with satellite imagery and data review confirming at least 33 (thirty-three) pegmatites outcrop at surface. Of the 9 (nine) highly prospective “Spodumene Suite” pegmatites mapped by MERN within the Project, 7 (seven) are observed to have extensive surface expression highlighting the world class scale of the opportunity.
-
The Company has been working closely with APEX Geoscience and Canadian Mining House in preparation for the summer field season, with key Omnia personnel conducting a site visit in May for the upcoming mapping and sampling programs.
OMNIA METALS GROUP LTD │ ACN: 648 187 651 │ ASX: OMI 22 Townshend Road, SUBIACO, WA, AUSTRALIA, 6008 │ +61 08 9388 0051 [email protected] │ www.omniametals.com.au
==> picture [114 x 35] intentionally omitted <==
Omnia has completed its due diligence process, which has involved GIS database compilation, acquisition of high-resolution satellite imagery, and interpretation of results by Company and APEX Geoscience geologists. Following the completion of due diligence, multiple high-priority targets have been identified, with newly acquired, high-resolution satellite imagery confirming significant surface exposures of pegmatite bodies.
Many of the high-priority pegmatite granites, termed the “Spodumene Suite”, were originally identified by the Government of Quebec’s, Ministère des Ressources Naturelles et des Forêts (“MERN”) and are highly prospective for lithium, based on striking geological similarities with the world class Wabouchi lithium deposit (36.7Mt @ 1.16% Li¬2O), located 38 km along strike from Omnia’s Lac des Montagnes Project. Following completion of the acquisition, Omnia will turn its focus to planning and executing upcoming mapping and sampling programs.
Omnia Metals’ Executive Director, James Warren, commented:
“Through the data acquisition and interpretation process, we have identified several kilometre-scale pegmatite outcrops that we can’t wait to start mapping and sampling throughout the upcoming field season. We have a series of high-priority targets and between the Vendors, APEX Geoscience and ourselves, we have a great team ready to systematically test as many as possible, as soon as possible.
Although we still have a lot to learn, we have a significantly enhanced understanding of the geology and controls on mineralisation at the Lac des Montagnes Project, so we are all looking forward to taking the project to the next level and completing boots on ground fieldwork. We look forward to keeping the market regularly updated with news of our progress over the coming months.”
UPDATE ON DUE DILIGENCE
Omnia recently engaged APEX Geoscience (refer OM1 ASX release 23 February 2023) to assist in compiling all available geological, geochemical and geophysical data and creating a GIS data room that consists of all publicly available data relevant to the Project. Additionally, the Company has acquired high-quality, 50cm Panchromatic and 2.0m 4-Band Multispectral satellite imagery data over the Project extents which has assisted greatly in identifying outcropping pegmatites for follow up mapping and sampling. The acquired satellite imagery was collected between 2010-2021 with the majority of imagery collected around 2017. Satellite imagery for approximately five percent of the Project area is affected by cloud cover, Omnia will acquire new satellite imagery over these portions of the Project in the summer months once the snow has melted. Of the 58 (fifty-eight) pegmatite granites that have been historically mapped within the Project area, satellite imagery and data review has confirmed at least 33 (thirty-three) pegmatites outcrop at surface. Of the 9 (nine) “highly-prospective” pegmatites mapped by MERN within the Project, 7 (seven) are observed to have extensive surface expression (Table 1).
The satellite imagery has also refined the dimensions of the pegmatite bodies and highlighted the fact that multiple, kilometre-scale, highly prospective pegmatites have had very little work completed upon them historically. As previously reported (refer OM1 ASX release 15 February 2023), the Senay 5 target represents one such target where limited historical mapping has identified a kilometre-scale, highly prospective pegmatite target that satellite imagery shows to have a surface expression of 2.3km x 400m. Further due diligence and data review has highlighted additional, analogous, high-priority targets which include, but are not limited to;
-
Senay 15 – 2.2km x 830m highly prospective zone (as defined by MERN) which is interpreted to outcrop over 1.9km x 640m (Figure 1).
-
Senay 9 - 1.5km x 410m highly prospective zone (as defined by MERN) which is interpreted to outcrop over 1.2km x 320m (Figure 2).
2
==> picture [114 x 35] intentionally omitted <==
-
Senay 8 – 1km x 190m highly prospective zone (as defined by MERN) which is interpreted to outcrop over 800m x 140m with prominent, mapped, pegmatite ridges extending up to 200m observed in satellite imagery (Figure 3).
-
Senay 21 – 450m x 200m highly prospective zone (as defined by MERN) which, following geological review, is now interpreted to visibly outcrop over 900m x 210m and is part of a 3.2km prospective pegmatite trend (Figure 4).
These targets represent excellent early-stage opportunities for mapping and sampling to identify potential mineralised zones within the broader pegmatite bodies. Omnia’s focus for the upcoming rock chip and mapping programs, in order of priority, will be:
-
Detailed mapping and sampling of outcropping, highly prospective, ‘Priority 1’ pegmatites targets to identify potential zones of mineralisation within the pegmatite bodies;
-
Additional, regional mapping and sampling of ‘Priority 2’ outcropping pegmatites to further quantify the prospectivity of each pegmatite body, and;
-
Ground truthing of ‘Priority 3’ pegmatite targets identified from aerial imagery, geophysics and geological data interpretation.
FUTURE ACTIVITIES
Omnia is currently focussed on finalising the due diligence process, in consultation with the Vendors, in preparation for completion of the acquisition at the upcoming General Meeting, to be held on the 12[th] April 2023 (refer OM1 ASX release 15 March 2023). Following completion of the acquisition, Omnia will finalise its plans and preparations for the upcoming field season. The Company has been working closely with APEX Geoscience and Canadian Mining House in preparation for the summer field season, with key Omnia personnel completing a site visit in May to engage the local Cree Nations people and relevant stakeholders. Omnia looks forward to updating Shareholders on planned activities and exploration timelines in the coming weeks.
3
==> picture [114 x 35] intentionally omitted <==
==> picture [444 x 314] intentionally omitted <==
Figure 1: Senay 15 Target.
==> picture [439 x 311] intentionally omitted <==
Figure 2: Senay 9 Target.
4
==> picture [114 x 35] intentionally omitted <==
==> picture [439 x 310] intentionally omitted <==
Figure 3: Senay 8 Target.
==> picture [439 x 311] intentionally omitted <==
Figure 4: Senay 21 Target belt.
5
==> picture [114 x 35] intentionally omitted <==
Table 1: Pegmatite granite targets over the Lac des Montagnes Project. Note: coordinates represent centroids of mapped and interpreted pegmatite granite units.
| Easting | Northing | MERN ID | DESC_LITH | Priority | MERN Target Extents |
Outcrop Extents from Imagery |
|---|---|---|---|---|---|---|
| 482597 | 5736895 | 1192884 | Pegmatite granitique blanche à biotite ± grenat ± muscovite ± tourmaline |
2 | 1.9km x 260m | 1.0km x 120m |
| 488839 | 5740202 | 1192905 | Pegmatite granitique blanche à biotite ± grenat ± muscovite ± tourmaline |
2 | 1.5km x 250m | 0.4km x 140m |
| 498620 | 5745599 | 1192935 | Pegmatite granitique blanche à biotite ± grenat ± muscovite ± tourmaline |
3 | 3.4km x 180m | sporadic pegmatite outcrop/boulders |
| 525921 | 5743512 | 1267669 | Pegmatite granitique blanche à biotite ± grenat ± muscovite ± tourmaline |
2 | 0.4km x 175m | 0.3km x 100m |
| 526588 | 5743297 | 1267670 | Pegmatite granitique blanche à biotite ± grenat ± muscovite ± tourmaline |
2 | 0.9km x 200m | 0.4km x 170m |
| 524043 | 5748446 | 1267721 | Pegmatite granitique blanche à biotite ± grenat ± muscovite ± tourmaline |
2 | 1.9km x 400m | 0.9km x 350m |
| 521328 | 5748544 | 1267724 | Pegmatite granitique blanche à biotite ± grenat ± muscovite ± tourmaline |
2 | 1.6km x 270m | 0.85km x 250m |
| 509391 | 5748859 | 1267725 | Pegmatite granitique blanche à biotite ± grenat ± muscovite ± tourmaline |
2 Senay2 |
1.0km x 370m | 30% within property boundary |
| 500550 | 5749264 | 1267732 | Pegmatite granitique blanche à biotite ± grenat ± muscovite ± tourmaline |
3 | 1.2km x 400m | sporadic outcrop along lake edges |
| 501927 | 5749684 | 1267733 | Pegmatite granitique blanche à biotite ± grenat ± muscovite ± tourmaline |
3 | 1.3km x 450m | sporadic outcrop along lake edges |
| 513963 | 5749997 | 1267734 | Pegmatite granitique blanche à biotite ± grenat ± muscovite ± tourmaline |
3 | 0.9km x 200m | sporadic pegmatite outcrop/boulders |
| 509938 | 5750103 | 1267735 | Pegmatite granitique blanche à biotite ± grenat ± muscovite ± tourmaline |
1 Senay 4 |
1.3km x 420m | 0.92km x 450m |
| 519691 | 5750546 | 1267736 | Pegmatite granitique blanche à biotite ± grenat ± muscovite ± tourmaline |
2 | 1.7km x 480m | 1.0km x 380m |
| 513266 | 5750504 | 1267737 | Pegmatite granitique blanche à biotite ± grenat ± muscovite ± tourmaline |
3 | 1.3km x 450m | sporadic pegmatite outcrop/boulders |
| 503358 | 5750749 | 1267738 | Pegmatite granitique blanche à biotite ± grenat ± muscovite ± tourmaline |
3 | 0.9km x 240m | sporadic pegmatite outcrop/boulders |
| 507732 | 5750786 | 1267739 | Pegmatite granitique blanche à biotite ± grenat ± muscovite ± tourmaline |
1 Senay 5 |
1.8km x 440m | 2.3km x 440m |
| 504599 | 5751652 | 1267741 | Pegmatite granitique blanche à biotite ± grenat ± muscovite ± tourmaline |
3 | 0.4km x 200m | sporadic pegmatite outcrop/boulders |
| 528141 | 5757172 | 1267767 | Pegmatite granitique blanche à biotite ± grenat ± muscovite ± tourmaline |
2 | 1.4km x 260m | 1.0km x 250m |
| 527269 | 5757408 | 1267770 | Pegmatite granitique blanche à biotite ± grenat ± muscovite ± tourmaline |
2 | 1.8km x 380m | 1.5km x 330m |
| 520099 | 5757081 | 1267772 | Pegmatite granitique blanche à biotite ± grenat ± muscovite ± tourmaline |
2 | 2.4km x 380m | 1.5km x 190m |
| 517742 | 5757332 | 1267773 | Pegmatite granitique blanche à biotite ± grenat ± muscovite ± tourmaline |
1 Senay 8 |
1.0km x 190m | 0.8km x 140m, multiple pegmatite ridges |
| 521411 | 5755862 | 1267774 | Pegmatite granitique blanche à biotite ± grenat ± muscovite ± tourmaline |
2 | 2.9km x 880m | 2.0km x 800m |
| 526504 | 5757944 | 1267777 | Pegmatite granitique blanche à biotite ± grenat ± muscovite ± tourmaline |
2 | 1.4km x 150m | 0.9km x 130m |
| 515204 | 5757922 | 1267778 | Pegmatite granitique blanche à biotite ± grenat ± muscovite ± tourmaline |
1 Senay 9 |
1.5km x 410m | 1.2km x 420m |
| 523119 | 5757727 | 1267779 | Pegmatite granitique blanche à biotite ± grenat ± muscovite ± tourmaline |
2 | 4.3km x 350m | 1.0km x 250m |
| 526015 | 5758372 | 1267780 | Pegmatite granitique blanche à biotite ± grenat ± muscovite ± tourmaline |
3 | 1.0km x 160m | 20% within property boundary |
| 519848 | 5757888 | 1267781 | Pegmatite granitique blanche à biotite ± grenat ± muscovite ± tourmaline |
2 | 3.3km x 900m | 1.5km x 540m |
| 519605 | 5758821 | 1267782 | Pegmatite granitique blanche à biotite ± grenat ± muscovite ± tourmaline |
2 | 1.2km x 290m | 0.62km x 190m |
| 514498 | 5759235 | 1267801 | Pegmatite granitique blanche à biotite ± grenat ± muscovite ± tourmaline |
2 | 0.45km x 70m | sporadic pegmatite outcrop/boulders |
| 509849 | 5754718 | 1267809 | Pegmatite granitique blanche à biotite ± grenat ± muscovite ± tourmaline |
3 | 0.55km x 110m | sporadic pegmatite outcrop/boulders |
6
==> picture [114 x 35] intentionally omitted <==
| 509359 | 5751359 | 1294776 | Pegmatite granitique blanche à biotite ± grenat ± muscovite ± tourmaline |
3 | 1.1km x 230m | sporadic pegmatite outcrop/boulders |
|---|---|---|---|---|---|---|
| 505214 | 5753243 | 1294796 | Pegmatite granitique blanche à biotite ± grenat ± muscovite ± tourmaline |
3 | 0.3km x 45m | sporadic pegmatite outcrop/boulders |
| 513036 | 5755136 | 1294797 | Pegmatite granitique blanche à biotite ± grenat ± muscovite ± tourmaline |
3 | 0.45km x 190m | sporadic pegmatite outcrop/boulders |
| 517549 | 5758572 | 1294798 | Pegmatite granitique blanche à biotite ± grenat ± muscovite ± tourmaline |
3 | 0.82km x 260m | sporadic pegmatite outcrop/boulders |
| 542564 | 5744428 | 1301921 | Pegmatite granitique blanche à biotite ± grenat ± muscovite ± tourmaline |
2 Senay23 |
0.9km x 200m | 30% within property boundary |
| 539630 | 5746624 | 1301934 | Pegmatite granitique blanche à biotite ± grenat ± muscovite ± tourmaline |
1 Senay 16 |
0.86km x 200m | 0.5km x 160m |
| 547508 | 5747898 | 1301951 | Pegmatite granitique blanche à biotite ± grenat ± muscovite ± tourmaline |
3 | 1.5km x 260m | outcrop along lake & island edges |
| 549108 | 5748088 | 1301952 | Pegmatite granitique blanche à biotite ± grenat ± muscovite ± tourmaline |
3 | 0.94km x 240m | outcrop along lake edges |
| 550163 | 5748474 | 1301960 | Pegmatite granitique blanche à biotite ± grenat ± muscovite ± tourmaline |
2 | 0.88kmx 150m | 0.63km x 100m |
| 551299 | 5749159 | 1301965 | Pegmatite granitique blanche à biotite ± grenat ± muscovite ± tourmaline |
1 Senay 21 |
0.45km x 200m | 0.76km x 180m |
| 543325 | 5754933 | 1302016 | Pegmatite granitique blanche à biotite ± grenat ± muscovite ± tourmaline |
3 | 0.7km x 310m | sporadic pegmatite outcrop/boulders |
| 558446 | 5755262 | 1302018 | Pegmatite granitique blanche à biotite ± grenat ± muscovite ± tourmaline |
3 | 0.9km x 460m | sporadic pegmatite outcrop/boulders |
| 550398 | 5755770 | 1302020 | Pegmatite granitique blanche à biotite ± grenat ± muscovite ± tourmaline |
3 | 0.95km x 250m | sporadic pegmatite outcrop/boulders |
| 547252 | 5755818 | 1302022 | Pegmatite granitique blanche à biotite ± grenat ± muscovite ± tourmaline |
2 | 0.8km x 220m | 0.55km x 200m |
| 554357 | 5756288 | 1302023 | Pegmatite granitique blanche à biotite ± grenat ± muscovite ± tourmaline |
2 | 1.1km x 220m | 0.7km x 170m |
| 542005 | 5756100 | 1302025 | Pegmatite granitique blanche à biotite ± grenat ± muscovite ± tourmaline |
3 | 1.6km x 310m | sporadic pegmatite outcrop/boulders |
| 542558 | 5756444 | 1302029 | Pegmatite granitique blanche à biotite ± grenat ± muscovite ± tourmaline |
3 | 3.1km x 500m | requires confirmatory mapping/sampling |
| 551238 | 5757122 | 1302031 | Pegmatite granitique blanche à biotite ± grenat ± muscovite ± tourmaline |
2 | 1.0km x 460m | 3 pegmatite ridges up to 300m x 100m in dimension |
| 556230 | 5757191 | 1302032 | Pegmatite granitique blanche à biotite ± grenat ± muscovite ± tourmaline |
2 | 0.8km x 320m | 0.7km x 240m |
| 543804 | 5757521 | 1302036 | Pegmatite granitique blanche à biotite ± grenat ± muscovite ± tourmaline |
2 | 1.6km x 230m | 0.14km x 50m |
| 551293 | 5757853 | 1302039 | Pegmatite granitique blanche à biotite ± grenat ± muscovite ± tourmaline |
3 | 2.6km x 660m | sporadic pegmatite outcrop/boulders |
| 551005 | 5758636 | 1302040 | Pegmatite granitique blanche à biotite ± grenat ± muscovite ± tourmaline |
3 | 0.6km x 170m | requires confirmatory mapping/sampling |
| 542198 | 5759059 | 1302042 | Pegmatite granitique blanche à biotite ± grenat ± muscovite ± tourmaline |
2 | 0.4km x 260m | 0.52km x 200m |
| 557414 | 5759627 | 1302046 | Pegmatite granitique blanche à biotite ± grenat ± muscovite ± tourmaline |
2 | 0.85km x 200m | sporadic pegmatite outcrop/boulders |
| 554658 | 5760212 | 1302054 | Pegmatite granitique blanche à biotite ± grenat ± muscovite ± tourmaline |
2 | 1.4km x 380m | 0.7km x 250m |
| 535627 | 5760391 | 1302056 | Pegmatite granitique blanche à biotite ± grenat ± muscovite ± tourmaline |
2 | 1.3km x 1.0km | 0.7km x 300m |
| 556423 | 5760954 | 1302057 | Pegmatite granitique blanche à biotite ± grenat ± muscovite ± tourmaline |
3 | 1.2km x 340m | requires confirmatory mapping/sampling |
| 568205 | 5759912 | 1303239 | Pegmatite granitique blanche à biotite ± grenat ± muscovite ± tourmaline |
1 Senay 15 |
2.8km x 830m | 1.9km x 640m |
7
- END –
==> picture [114 x 35] intentionally omitted <==
This announcement is approved for release by the Board of Omnia Metals Group
For further information please contact:
James Warren Anna MacKintosh Managing Director Company Secretary [email protected] [email protected]
About Omnia
Omnia Metals Group Ltd (ASX:OM1) goal is to become a leader in the exploration, and development, of future facing commodities used in advanced technologies and essential to the global energy transition.
Omnia continues to progress its highly prospective Ord Basin Project through extensive approval process in consultation with the local Native Title groups and relevant stakeholders. The Ord Basin Project consists of 1,305km[2] of tenure situated in an emerging district prospective for Norilsk-style nickel-copper-PGE and stratigraphic copper mineral systems. Due to the impact of the extensive flooding in the Kimberley region (which does not materially impact the Company’s intentions with respect to the Projects), Omnia expects further delays in conducting on-ground exploration at the Ord Basin Project. The Company will continue to monitor the situation over the coming weeks and months and will update the market as more information comes to light.
The Salt Creek Project covers an area of approximately 223km[2] and is prospective for copper, nickel and gold mineral systems. The Company is currently completing a 9,000m drilling program at the Salt Creek Project targeting gold and nickel-copper mineralisation.
Omnia reaffirms its commitment to complete the exploration programs as outlined in the Company Prospectus.
Competent Persons Statement
The information in this report which relates to Exploration Results is based on information compiled by Dr. James Warren, a Competent Person who is a member of the Australian Institute of Geoscientists. Dr. Warren is the Managing Director of Omnia Metals Group Ltd. Dr. Warren has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the “Australian Code of Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Dr. Warren consents to the inclusion in this report of the matters based on the information in the form and context in which it appears.
Forward Looking Statements
Statements contained in this release, particularly those regarding possible or assumed future performance, costs, dividends, production levels or rates, prices, resources, reserves or potential growth of Omnia Metals Group Limited, are, or may be, forward looking statements. Such statements relate to future events and expectations and, as such, involve known and unknown risks and uncertainties. Actual results and developments may differ materially from those expressed or implied by these forward-looking statements depending on a variety of factors.
8
==> picture [114 x 35] intentionally omitted <==
References
BANDYAYERA, B. 2022. Ministry of Energy and Natural Resources (MERN). Lac des Montagnes Group. Quebec Stratigraphic Lexicon. https://gq.mines.gouv.qc.ca/lexique-stratigraphique/province-du-superieur/groupedu-lac-des-montagnes_en
BANDYAYERA, D., CARON-CÔTÉ, E., 2019. Geology of the Montagnes Lake area, La Grande, Nemiscau and Opatica subprovinces, Eeyou Istchee James Bay, Quebec, Canada. MERN; BG 2019-03 , 1 plan.
BELAND, C. 2011. Geochemistry and Geochronology of the Whabouchi Pegmatite Dykes as Revealed Through Zircon. University of Toronto; end of study project, 103 pages.
VALIQUETTE, G. 1963. Geology of the Lac des Montagnes region, Mistassini territory. MNR. RP 500 , 12 pages, 1 plan.
9
JORC Code, 2012 Edition – Table 1 report template
Section 1 Sampling Techniques and Data
(Criteria in this section apply to all succeeding sections.)
| Criteria | JORC Code explanation | Commentary | Commentary | |
|---|---|---|---|---|
| Sampling | • Nature and quality of sampling (eg | • | No sampling completed by the Company. | |
| techniques | cut channels, random chips, or | • | Work pertaining to the release has | involved |
| specific specialised industry | geological interpretation of publicly available | |||
| standard measurement tools | datasets which are available |
through | ||
| appropriate to the minerals under | sigeom.mines.gouv.qc.ca | |||
| investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling. • Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used. • Aspects of the determination of mineralisation that are Material to |
• • • • • |
Ministère des Ressources naturelles et des Forêts (MERN), the Quebec geological survey, has completed mapping with rock types descriptions made publicly available and provided in Table 1. Sample locations are outlined in Table 1. No assay data is available for MERN rock samples referred to in the body of the text. The Company is to complete reconnaissance work to verify publicly available data. The Company acquired 1600Km2 Archived |
||
| the Public Report. • In cases where ‘industry standard’ work has been done this would be |
DigitalGlobe / 50cm Panchromatic & 2.0m 4- Band Multispectral / Collected 2010-2021 through Satellite Imaging Corporation, Houston |
|||
| relatively simple (eg ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay’). In other |
• |
Texas. For the new collections, in areas with cloud cover in archive imagery, the Gokturk 50cm sensor will be used in the upcoming spring/summer seasons. |
||
| cases more explanation may be | ||||
| required, such as where there is | ||||
| coarse gold that has inherent | ||||
| sampling problems. Unusual | ||||
| commodities or mineralisation types | ||||
| (eg submarine nodules) may | ||||
| warrant disclosure of detailed | ||||
| information. | ||||
| Drilling | • Drill type (eg core, reverse | • | No drilling completed | |
| techniques | circulation, open-hole hammer, | |||
| rotary air blast, auger, Bangka, | ||||
| sonic, etc) and details (eg core | ||||
| diameter, triple or standard tube, | ||||
| depth of diamond tails, face- | ||||
| sampling bit or other type, whether | ||||
| core is oriented and if so, by what | ||||
| method, etc). | ||||
| Drill sample | • Method of recording and assessing | • | Not applicable | |
| recovery | core and chip sample recoveries | |||
| and results assessed. | ||||
| • Measures taken to maximise | ||||
| sample recovery and ensure | ||||
| representative nature of the | ||||
| samples. | ||||
| • Whether a relationship exists | ||||
| between sample recovery and grade | ||||
| and whether sample bias may have | ||||
| occurred due to preferential | ||||
| loss/gainof fine/coarse material. |
1
| Criteria | JORC Code explanation | Commentary | Commentary |
|---|---|---|---|
| Logging | • Whether core and chip samples | • | Not applicable |
| have been geologically and | |||
| geotechnically logged to a level of | |||
| detail to support appropriate Mineral | |||
| Resource estimation, mining studies | |||
| and metallurgical studies. | |||
| • Whether logging is qualitative or | |||
| quantitative in nature. Core (or | |||
| costean, channel, etc) photography. | |||
| • The total length and percentage of | |||
| _the relevant intersections logged. _ | |||
| Sub-sampling | • If core, whether cut or sawn and |
• | Not applicable |
| techniques | whether quarter, half or all core | ||
| and sample | taken. | ||
| preparation | • If non-core, whether riffled, tube | ||
| sampled, rotary split, etc and | |||
| whether sampled wet or dry. | |||
| • For all sample types, the nature, | |||
| quality and appropriateness of the | |||
| sample preparation technique. | |||
| • Quality control procedures adopted | |||
| for all sub-sampling stages to | |||
| maximise representivity of samples. | |||
| • Measures taken to ensure that the | |||
| sampling is representative of the in | |||
| situ material collected, including for | |||
| instance results for field | |||
| duplicate/second-half sampling. | |||
| • Whether sample sizes are | |||
| appropriate to the grain size of the | |||
| _material being sampled. _ | |||
| Quality of | • The nature, quality and | • | Geophysical datasets and aerial imagery |
| assay data | appropriateness of the assaying and | was sourced from Ministère des Ressources | |
| and | laboratory procedures used and | naturelles et des Forêts (MERN), the | |
| laboratory | whether the technique is considered | Quebec geological survey. | |
| tests | partial or total. | • | Interpretation of the geophysical dataset and |
| • For geophysical tools, | aerial imagery was completed by the | ||
| spectrometers, handheld XRF | Competent Person, | ||
| instruments, etc, the parameters | • | The Company acquired 1600Km2 Archived | |
| used in determining the analysis | DigitalGlobe / 50cm Panchromatic & 2.0m 4- | ||
| including instrument make and | Band Multispectral / Collected 2010-2021 | ||
| model, reading times, calibrations | through Satellite Imaging Corporation, Houston | ||
| factors applied and their derivation, | Texas. | ||
| etc. | • | MERN has completed mapping with rock type | |
| • Nature of quality control procedures adopted (eg standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (ie lack of bias) and precision have been established. |
• • |
descriptions and geological maps made publicly available through sigeom.mines.gouv.qc.ca The Company is to complete reconnaissance work to verify publicly available data. Omnia recently engaged APEX Geoscience (refer OM1 ASX release 23 February 2023) to assist in compiling all available geological, |
|
| geochemical and geophysical data and creating | |||
| a GIS data room that consists of all publicly | |||
| available data relevant to the Project. | |||
| Verification of | • The verification of significant |
• | The information pertaining to the release has |
| sampling and | intersections by either independent | been verified by the Competent Person and | |
| assaying | or alternative company personnel. | APEX Geoscience geologists. | |
| • The use of twinned holes. | |||
| • Documentation of primary data, data |
2
| Criteria | JORC Code explanation | Commentary |
|---|---|---|
| entry procedures, data verification, | ||
| data storage (physical and | ||
| electronic) protocols. | ||
| • Discuss any adjustment to assay | ||
| _data. _ | ||
| Location of | • Accuracy and quality of surveys | •The location of data points referred to in the |
| data points | used to locate drill holes (collar and | release have been verified by the Competent |
| down-hole surveys), trenches, mine | Person and APEX Geoscience geologists. | |
| workings and other locations used in | ||
| Mineral Resource estimation. | ||
| • Specification of the grid system | ||
| used. | ||
| • Quality and adequacy of | ||
| topographic control. | ||
| Data spacing | • Data spacing for reporting of | •Not applicable |
| and | Exploration Results. | |
| distribution | • Whether the data spacing and | |
| distribution is sufficient to establish | ||
| the degree of geological and grade | ||
| continuity appropriate for the | ||
| Mineral Resource and Ore Reserve | ||
| estimation procedure(s) and | ||
| classifications applied. | ||
| • Whether sample compositing has | ||
| _been applied. _ | ||
| Orientation of | • Whether the orientation of sampling | •Not applicable |
| data in | achieves unbiased sampling of | |
| relation to | possible structures and the extent to | |
| geological | which this is known, considering the | |
| structure | deposit type. | |
| • If the relationship between the | ||
| drilling orientation and the | ||
| orientation of key mineralised | ||
| structures is considered to have | ||
| introduced a sampling bias, this | ||
| should be assessed and reported if | ||
| material. | ||
| Sample | • The measures taken to ensure | •Not applicable |
| security | sample security. | |
| Audits or | • The results of any audits or reviews | •The Company has undertaken extensive due |
| reviews | of sampling techniques and data. | diligence on the Project, in consultation with |
| APEX Geoscience, and believes the property to | ||
| be highly prospective for LCT pegmatites. | ||
| •The Company will be completing rock chip | ||
| sampling and mapping programs in the coming | ||
| months to test the prospectivity of the interpreted | ||
| pegmatite targets. | ||
| •Review of geological and geophysical maps and | ||
| imagery was completed by the Competent | ||
| Person in consultation with APEX Geoscience | ||
| geologists. |
Section 2 Reporting of Exploration Results
(Criteria listed in the preceding section also apply to this section.)
| Criteria | JORC Code explanation | Commentary |
|---|---|---|
| Mineral | • Type, reference name/number, | •Information pertaining to mineral claims under |
| tenement and | location and ownership including |
the proposedAcquisition have beenpreviously |
3
| Criteria | JORC Code explanation | Commentary | Commentary | ||||
|---|---|---|---|---|---|---|---|
| land tenure | agreements or material issues with | announced, refer to OM1 ASX Release dated 7th | |||||
| status | third parties such as joint ventures, | February 2023. | |||||
| partnerships, overriding royalties, | |||||||
| native title interests, historical sites, | |||||||
| wilderness or national park and | |||||||
| environmental settings. | |||||||
| • The security of the tenure held at the | |||||||
| time of reporting along with any | |||||||
| known impediments to obtaining a | |||||||
| _licence to operate inthe area. _ | |||||||
| Exploration | • Acknowledgment and appraisal of | •Geological | and | geophysical datasets were | |||
| done by other | exploration by other parties. |
sourced | from | Ministère des |
Ressources | ||
| parties | naturelles | et des | Forêts (MERN), the Quebec | ||||
| geological | survey. | ||||||
| •Recently, MERN released a new 1:50,000 scale | |||||||
| geological | map of | the Lac des Montagnes region | |||||
| which has defined | several new stratigraphic units | ||||||
| and sub- units and led to significantly enhanced | |||||||
| understanding of | the | economic geology of the | |||||
| belt. | Prospectivity analysis, for a | variety of | |||||
| commodities was completed as part of the | |||||||
| process with prospective areas for lithium, gold | |||||||
| and | base metal |
mineralisation | identified |
||||
| (Bandyayera, 2022). | |||||||
| •References are provided in the body | of the text | ||||||
| Geology | • Deposit type, geological setting and | •Regionally | the geology is dominated by Archean | ||||
| style of mineralisation. | mafic/ultramafic and sedimentary lithologies | ||||||
| intruded by granites. | |||||||
| Drill hole | • A summary of all information | •Not applicable. | |||||
| Information | material to the understanding of the | ||||||
| exploration results including a | |||||||
| tabulation of the following | |||||||
| information for all Material drill holes: | |||||||
o easting and northing of the drill |
|||||||
| hole collar | |||||||
o elevation or RL (Reduced Level – |
|||||||
| elevation above sea level in | |||||||
| metres) of the drill hole collar | |||||||
o dip and azimuth of the hole |
|||||||
o down hole length and |
|||||||
| interception depth | |||||||
o hole length. |
|||||||
| • If the exclusion of this information is | |||||||
| justified on the basis that the | |||||||
| information is not Material and this | |||||||
| exclusion does not detract from the | |||||||
| understanding of the report, the | |||||||
| Competent Person should clearly | |||||||
| _explain why this is the case. _ | |||||||
| Data | • In reporting Exploration Results, | •Not applicable. | |||||
| aggregation | weighting averaging techniques, | ||||||
| methods | maximum and/or minimum grade | ||||||
| truncations (eg cutting of high | |||||||
| grades) and cut-off grades are | |||||||
| usually Material and should be | |||||||
| stated. | |||||||
| • Where aggregate intercepts | |||||||
| incorporate short lengths of high | |||||||
| _grade results and longer lengths of _ |
4
| Criteria | JORC Code explanation | Commentary | Commentary |
|---|---|---|---|
| low grade results, the procedure | |||
| used for such aggregation should be | |||
| stated and some typical examples of | |||
| such aggregations should be shown | |||
| in detail. | |||
| • The assumptions used for any | |||
| reporting of metal equivalent values | |||
| _should be clearly stated. _ | |||
| Relationship | • These relationships are particularly | • | Not applicable. |
| between | important in the reporting of | ||
| mineralisation | Exploration Results. |
||
| widths and | • If the geometry of the mineralisation | ||
| intercept | with respect to the drill hole angle is | ||
| lengths | known, its nature should be | ||
| reported. | |||
| • If it is not known and only the down | |||
| hole lengths are reported, there | |||
| should be a clear statement to this | |||
| effect (eg ‘down hole length, true | |||
| _width not known’). _ | |||
| Diagrams | • Appropriate maps and sections (with | • |
Appropriate diagrams are included in the body of |
| scales) and tabulations of intercepts | the release. | ||
| should be included for any | |||
| significant discovery being reported | |||
| These should include, but not be | |||
| limited to a plan view of drill hole | |||
| collar locations and appropriate | |||
| _sectional views. _ | |||
| Balanced | • Where comprehensive reporting of | • | Not applicable, |
| reporting | all Exploration Results is not | ||
| practicable, representative reporting | |||
| of both low and high grades and/or | |||
| widths should be practiced to avoid | |||
| misleading reporting of Exploration | |||
| _Results. _ | |||
| Other | • Other exploration data, if meaningful | • |
The Company continues to complete a thorough |
| substantive | and material, should be reported | geological review of all available data and will | |
| exploration | including (but not limited to): | collate and interpret all available data as part of | |
| data | geological observations; geophysical | the Company’s due diligence. | |
| survey results; geochemical survey | • | The Company is to complete reconnaissance | |
| results; bulk samples – size and | work to verify publicly available data. | ||
| method of treatment; metallurgical | • | The Company acquired 1600Km2 Archived | |
| test results; bulk density, | DigitalGlobe / 50cm Panchromatic & 2.0m 4- | ||
| groundwater, geotechnical and rock | Band Multispectral / Collected 2010-2021 | ||
| characteristics; potential deleterious | through Satellite Imaging Corporation, Houston | ||
| or contaminating substances. | Texas. | ||
| Further work | • The nature and scale of planned | • | The Company plans to complete reconnaissance |
| further work (eg tests for lateral | mapping and sampling initially. | ||
| extensions or depth extensions or | • | The Company will update the market with | |
| large-scale step-out drilling). | proposed future work programs. | ||
| • Diagrams clearly highlighting the | |||
| areas of possible extensions, | |||
| including the main geological | |||
| interpretations and future drilling | |||
| areas, provided this information is | |||
| _not commercially sensitive. _ |
5