Guyana

Omai Gold Mines announced a significant increase in its Mineral Resource Estimate (MRE) at the Omai Gold Property in Guyana. Indicated Mineral Resources rose 7% to 2.1 Moz Au at 2.07 g/t Au. Inferred Mineral Resources jumped 92% to 4.4 Moz Au at 1.95 g/t Au. The Wenot Deposit contains 970,000 oz gold Indicated and 3.7 Moz Inferred, while Gilt Creek holds 1.15 Moz Indicated and 665,000 oz Inferred. A drilling campaign is planned for resource expansion, targeting a Feasibility Study by late 2026. Existing infrastructure supports reduced development costs.

CGX Energy (TSXV:OYL) reported a $56.4 million impairment loss on its Corentyne Block exploration assets due to the Guyanese government’s stance on the Joint Venture’s rights. The Corentyne E&E asset’s carrying value is now $Nil. Dr. Suresh Narine resigned, and Orlando Cabrales became Chairman. Alejandra Bonilla and René Burgos Díaz were appointed as new directors. CGX maintains its license is valid but faces uncertainty and is prepared to protect its rights legally.

SBM Offshore’s FPSO ONE GUYANA commenced production on August 8, 2025, marking its fourth and largest FPSO in Guyana. Built using the Fast4Ward® program, it boasts a 250,000 bopd capacity, 450 MMcf/d gas treatment, and 300,000 bpd water injection. With a 2 million barrel storage, it operates at 1,800m depth within the ExxonMobil-operated Stabroek block. This is SBM’s third major 2025 deployment, following FPSOs Almirante Tamandaré and Alexandre de Gusmão, boosting total capacity by 655,000 bopd.

Omai Gold Mines reported promising drill results from its 2025 resource expansion program at the Wenot deposit in Guyana. Highlights include 17.36 g/t Au over 7.5 meters, 2.64 g/t Au over 41.8 meters, and 3.49 g/t Au over 17.4 meters. The company has exceeded its initial drilling target, completing 20,500 meters across 37 holes. Drilling continues to extend gold mineralization, with results pending for 8 more holes. An updated Mineral Resource Estimate and Preliminary Economic Assessment are expected soon.