On behalf of the team at Omnia Metals, I thank you for your ongoing support as we venture into an exciting phase of exploration opportunity in Canada.
We are expanding our exploration footprint by more than 1,200km2 across Canada and Quebec, following completion of the strategic acquisition of TSX-V listed lithium, gold, and uranium explorer Dixie Gold.
The proposed acquisition will add two highly prospective lithium projects and two gold projects to our portfolio, as well as a joint venture interest in a uranium project located in the world-renowned and deposit-rich Athabasca Basin.
After more than 12 months of due diligence, we have identified clear pathways to advance exploration across multiple commodities.
This is a transformational moment for Omnia and our shareholders, firmly reinforcing our progress toward becoming a leading lithium explorer in North America.
The Phoenix Lithium Project covers 14.5km2 of granted mining leases, with two primary pegmatites that have returned significant lithium grades and widths.
The Big Bird pegmatite has been mapped over a 1,280m strike length, with outcrops grading up to 1.24% Li2O over 34m. The Curlew pegmatite has been mapped over a 400m strike length, with outcrops grading up to 1.72% Li2O over 15m.
The Torp Lake Lithium Project spans 10km2 and is considered highly prospective, with channel sampling returning 6m at 4.5% Li2O and 7m at 3.3% Li2O.
Metallurgical testing has also shown extremely high purity spodumene, free of impurities, with recoveries of 99%.
Planning for drilling campaigns at both sites has already begun, with the Phoenix Lithium Project showing independently tested potential for delivery of a significant Mineral Resource Estimate.
Adding weight to the location and prospectivity of these projects is the groundswell of activity within close proximity.
That includes tenements picked up in the neighbourhood by Fortescue Metals Group (FMG), Midas Minerals’ recent pegging of the 157km2 Reid Alymer Lithium Project and North Arrow Minerals’ 57.28km2 Bathurst Inlet Lithium Project.
Whilst the recent focus has been on completing the proposed Acquisition and planning future exploration at the Dixie assets, the Company continues to work towards conducting a maiden drilling campaign at the Lac des Montagne project in James Bay.
To inform this campaign, our exploration team carried out extensive field work over the 2023 summer months, with a brief pause during the devastating wildfires in Quebec.
Once restrictions were lifted, we safely returned to site and finished a major rock chip campaign.
We expect more targets to come from this data, which will help guide future exploration efforts, as we endeavour to assess what could be hidden underneath the moss and scrub between large outcropping bodies within our project area.
Combined, this recent activity marks a major step forward in Omnia’s exploration efforts as our range of projects, commodities and overall Canadian footprint expands significantly.
Along with increased exploration efforts, we also strengthened Omnia’s presence in Quebec by engaging Strategy Exploration Advisors to operate as our in-country manager.
A team of geologists will assist with exploration strategy, planning, and execution, led by Michael Ferreira who will leverage his extensive network of Canadian and Northern American mining and capital market contacts to Omnia’s advantage.
Our footprint is becoming well and truly cemented in Canada, and the next few months will be ground-breaking – literally and figuratively.
I look forward to keeping you updated as we embark on an exciting 2024.
