G2 Goldfields Delivers Maiden PEA for the High-Grade Oko Gold Project
Original announcement by tmx on
- Company
- G2 Goldfields Inc.
- Ticker
- GTWO
- Exchange
- TSX
- Region
- Guyana, South America
- Primary commodity
- Gold
- Secondary commodities
- None reported
- Document categories
- Resource update, Economic study, Metallurgy
- Extracted
- 2026-09-18 03:06:35 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
G2 Goldfields announced a maiden Preliminary Economic Assessment (PEA) for its Oko Gold Project in Guyana, South America, revealing robust economics. The PEA outlines a 14-year mine life with an after-tax NPV5% of $2.6 billion, an IRR of 39%, and a fast payback of 2.6 years, based on a $3,000/oz gold price. The project is underpinned by an updated Mineral Resource Estimate of 1.6 Moz Indicated and 1.9 Moz Inferred gold, and demonstrates high metallurgical recoveries of over 93% for both saprolite and fresh rock.
Reasoning: G2 Goldfields has released a maiden PEA for its Oko Gold Project, showcasing strong economic potential with high IRR and NPV, supported by a significant gold resource and good metallurgical recoveries. However, the study's preliminary nature, reliance on Inferred resources, and aggressive gold price assumption introduce notable risks.
Positive factors
- Maiden PEA demonstrates robust economics for the Oko Gold Project with high IRR and NPV.
- Significant gold resource base, including high-grade underground indicated resources.
- High metallurgical recoveries achieved for both saprolite and fresh rock material.
- Project located in a mining-friendly jurisdiction (Guyana).
Negative factors
- The economic assessment is a Preliminary Economic Assessment (PEA), which carries a higher degree of uncertainty.
- A substantial portion of the economic model relies on Inferred mineral resources.
- The base case gold price assumption of $3,000/oz is aggressive.
- High open pit strip ratio of 5.4:1.
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 26
Classification and evidence
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The source explicitly discloses a revised resource estimate
Evidence · text
“updated resource”
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: the document describes a mill_cil route ("CIL")
Gravity Routeneutral
Gravity separation forms a material part of the flowsheet.
Why it applies: the document describes a gravity route ("gravity")
Multi-Domain Testedpositive
Variability across ore domains (oxide, transition, fresh) has been addressed.
Why it applies: 3 distinct composites were tested
Extracted facts
Stored fact records: 25. Some facts used in scoring do not have a stored record.
Resource Estimates (22)
indicatedOko Gold Project · goldTonnes: 1132000Grade: 2.01Grade Unit: g/tContained Metal: 73000Contained Unit: ozView all detailsHide details
Identity
- Project
- Oko Gold Project
- Commodity
- gold
- Region
- guyana
- Reported Region
- Guyana, South America
- Ticker
- GTWO
Resource scope
- Estimate type
- resource
- Effective date
- 2025-11-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- William J. Lewis, P.Geo.
- Resource group id
- resource:765da78b1051e6c935ff
- Deposit or zone
- Oko Main Zone
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 1132000
- Grade
- 2.01
- Grade Unit
- g/t
- Contained Metal
- 73000
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2025-11-20
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-18T00:00:00.000Z
Reasoning: This indicated resource contributes to the overall project, providing a foundation for future studies.
Positive factors
- Indicated resource category provides a reasonable level of geological confidence.
Evidence · table
“1,132,000”
Context: Oko Main Zone (OMZ)
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredOko Gold Project · goldTonnes: 509000Grade: 0.75Grade Unit: g/tContained Metal: 12300Contained Unit: ozView all detailsHide details
Identity
- Project
- Oko Gold Project
- Commodity
- gold
- Region
- guyana
- Reported Region
- Guyana, South America
- Ticker
- GTWO
Resource scope
- Estimate type
- resource
- Effective date
- 2025-11-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- William J. Lewis, P.Geo.
- Resource group id
- resource:4e05d2b18f711a3c84f3
- Deposit or zone
- Oko Main Zone
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 509000
- Grade
- 0.75
- Grade Unit
- g/t
- Contained Metal
- 12300
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2025-11-20
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-18T00:00:00.000Z
Reasoning: This inferred resource provides exploration upside but requires further drilling to upgrade confidence.
Negative factors
- Inferred resource category has a lower level of geological confidence and cannot be used for economic studies alone.
Evidence · table
“509,000”
Context: Oko Main Zone (OMZ)
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedOko Gold Project · goldTonnes: 1693000Grade: 13.63Grade Unit: g/tContained Metal: 741600Contained Unit: ozView all detailsHide details
Identity
- Project
- Oko Gold Project
- Commodity
- gold
- Region
- guyana
- Reported Region
- Guyana, South America
- Ticker
- GTWO
Resource scope
- Estimate type
- resource
- Effective date
- 2025-11-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- William J. Lewis, P.Geo.
- Resource group id
- resource:4fd56d73e6e7cb0728dc
- Deposit or zone
- Oko Main Zone
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 1693000
- Grade
- 13.63
- Grade Unit
- g/t
- Contained Metal
- 741600
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2025-11-20
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-18T00:00:00.000Z
Reasoning: This high-grade indicated underground resource is a significant positive for the project's economics and future development.
Positive factors
- Very high gold grade of 13.63 g/t in the indicated category, indicating strong economic potential.
- Indicated resource category provides a high level of geological confidence for underground mining.
Evidence · table
“1,693,000”
Context: Oko Main Zone (OMZ)
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredOko Gold Project · goldTonnes: 2398000Grade: 6.77Grade Unit: g/tContained Metal: 522100Contained Unit: ozView all detailsHide details
Identity
- Project
- Oko Gold Project
- Commodity
- gold
- Region
- guyana
- Reported Region
- Guyana, South America
- Ticker
- GTWO
Resource scope
- Estimate type
- resource
- Effective date
- 2025-11-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- William J. Lewis, P.Geo.
- Resource group id
- resource:efea59aa5ca599958571
- Deposit or zone
- Oko Main Zone
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 2398000
- Grade
- 6.77
- Grade Unit
- g/t
- Contained Metal
- 522100
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2025-11-20
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-18T00:00:00.000Z
Reasoning: This high-grade inferred underground resource provides significant exploration upside and potential for future conversion to higher confidence categories.
Positive factors
- High gold grade of 6.77 g/t in the inferred category, indicating strong potential for future upgrade.
Negative factors
- Inferred resource category has a lower level of geological confidence and cannot be used for economic studies alone.
Evidence · table
“2,398,000”
Context: Oko Main Zone (OMZ)
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedOko Gold Project · goldTonnes: 2825000Grade: 8.97Grade Unit: g/tContained Metal: 814600Contained Unit: ozView all detailsHide details
Identity
- Project
- Oko Gold Project
- Commodity
- gold
- Region
- guyana
- Reported Region
- Guyana, South America
- Ticker
- GTWO
Resource scope
- Estimate type
- resource
- Effective date
- 2025-11-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- William J. Lewis, P.Geo.
- Resource group id
- resource:d5d1d9697f77d544ba30
- Deposit or zone
- Oko Main Zone
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 2825000
- Grade
- 8.97
- Grade Unit
- g/t
- Contained Metal
- 814600
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2025-11-20
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-18T00:00:00.000Z
Reasoning: This combined indicated resource for OMZ represents a significant and high-grade component of the overall project.
Positive factors
- High gold grade of 8.97 g/t for the combined indicated resource.
- Indicated resource category provides a high level of geological confidence.
Evidence · table
“2,825,000”
Context: Oko Main Zone (OMZ)
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredOko Gold Project · goldTonnes: 2907000Grade: 5.72Grade Unit: g/tContained Metal: 534400Contained Unit: ozView all detailsHide details
Identity
- Project
- Oko Gold Project
- Commodity
- gold
- Region
- guyana
- Reported Region
- Guyana, South America
- Ticker
- GTWO
Resource scope
- Estimate type
- resource
- Effective date
- 2025-11-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- William J. Lewis, P.Geo.
- Resource group id
- resource:e5a081a289d9075a1454
- Deposit or zone
- Oko Main Zone
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 2907000
- Grade
- 5.72
- Grade Unit
- g/t
- Contained Metal
- 534400
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2025-11-20
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-18T00:00:00.000Z
Reasoning: This combined inferred resource for OMZ provides significant exploration upside for the project.
Positive factors
- High gold grade of 5.72 g/t for the combined inferred resource, indicating good potential.
Negative factors
- Inferred resource category has a lower level of geological confidence and cannot be used for economic studies alone.
Evidence · table
“2,907,000”
Context: Oko Main Zone (OMZ)
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedOko Gold Project · goldTonnes: 6574000Grade: 1.85Grade Unit: g/tContained Metal: 390300Contained Unit: ozView all detailsHide details
Identity
- Project
- Oko Gold Project
- Commodity
- gold
- Region
- guyana
- Reported Region
- Guyana, South America
- Ticker
- GTWO
Resource scope
- Estimate type
- resource
- Effective date
- 2025-11-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- William J. Lewis, P.Geo.
- Resource group id
- resource:79337bd18e4d3e525737
- Deposit or zone
- Ghanie
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 6574000
- Grade
- 1.85
- Grade Unit
- g/t
- Contained Metal
- 390300
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2025-11-20
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-18T00:00:00.000Z
Reasoning: This indicated open pit resource at Ghanie contributes to the overall project's resource base.
Positive factors
- Indicated resource category provides a reasonable level of geological confidence.
Evidence · table
“6,574,000”
Context: Ghanie
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredOko Gold Project · goldTonnes: 4128000Grade: 1.01Grade Unit: g/tContained Metal: 133800Contained Unit: ozView all detailsHide details
Identity
- Project
- Oko Gold Project
- Commodity
- gold
- Region
- guyana
- Reported Region
- Guyana, South America
- Ticker
- GTWO
Resource scope
- Estimate type
- resource
- Effective date
- 2025-11-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- William J. Lewis, P.Geo.
- Resource group id
- resource:2dc573004095cfa8558e
- Deposit or zone
- Ghanie
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 4128000
- Grade
- 1.01
- Grade Unit
- g/t
- Contained Metal
- 133800
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2025-11-20
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-18T00:00:00.000Z
Reasoning: This inferred open pit resource at Ghanie provides exploration upside but requires further drilling to upgrade confidence.
Negative factors
- Inferred resource category has a lower level of geological confidence and cannot be used for economic studies alone.
Evidence · table
“4,128,000”
Context: Ghanie
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedOko Gold Project · goldTonnes: 1064000Grade: 6.45Grade Unit: g/tContained Metal: 220800Contained Unit: ozView all detailsHide details
Identity
- Project
- Oko Gold Project
- Commodity
- gold
- Region
- guyana
- Reported Region
- Guyana, South America
- Ticker
- GTWO
Resource scope
- Estimate type
- resource
- Effective date
- 2025-11-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- William J. Lewis, P.Geo.
- Resource group id
- resource:744d1cb3bb28550299a6
- Deposit or zone
- Ghanie
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 1064000
- Grade
- 6.45
- Grade Unit
- g/t
- Contained Metal
- 220800
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2025-11-20
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-18T00:00:00.000Z
Reasoning: This high-grade indicated underground resource at Ghanie is a significant positive for the project's economics.
Positive factors
- High gold grade of 6.45 g/t in the indicated category, indicating strong economic potential.
- Indicated resource category provides a high level of geological confidence for underground mining.
Evidence · table
“1,064,000”
Context: Ghanie
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredOko Gold Project · goldTonnes: 7409000Grade: 4.72Grade Unit: g/tContained Metal: 1123300Contained Unit: ozView all detailsHide details
Identity
- Project
- Oko Gold Project
- Commodity
- gold
- Region
- guyana
- Reported Region
- Guyana, South America
- Ticker
- GTWO
Resource scope
- Estimate type
- resource
- Effective date
- 2025-11-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- William J. Lewis, P.Geo.
- Resource group id
- resource:c05040801179f94dece1
- Deposit or zone
- Ghanie
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 7409000
- Grade
- 4.72
- Grade Unit
- g/t
- Contained Metal
- 1123300
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2025-11-20
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-18T00:00:00.000Z
Reasoning: This inferred underground resource at Ghanie provides significant exploration upside and potential for future conversion.
Positive factors
- Good gold grade of 4.72 g/t in the inferred category, indicating potential for future upgrade.
Negative factors
- Inferred resource category has a lower level of geological confidence and cannot be used for economic studies alone.
Evidence · table
“7,409,000”
Context: Ghanie
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedOko Gold Project · goldTonnes: 7638000Grade: 2.49Grade Unit: g/tContained Metal: 611100Contained Unit: ozView all detailsHide details
Identity
- Project
- Oko Gold Project
- Commodity
- gold
- Region
- guyana
- Reported Region
- Guyana, South America
- Ticker
- GTWO
Resource scope
- Estimate type
- resource
- Effective date
- 2025-11-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- William J. Lewis, P.Geo.
- Resource group id
- resource:d1fb0b7dac996755ecba
- Deposit or zone
- Ghanie
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 7638000
- Grade
- 2.49
- Grade Unit
- g/t
- Contained Metal
- 611100
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2025-11-20
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-18T00:00:00.000Z
Reasoning: This combined indicated resource for Ghanie represents a significant component of the overall project's resource base.
Positive factors
- Indicated resource category provides a reasonable level of geological confidence.
Evidence · table
“7,638,000”
Context: Ghanie
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredOko Gold Project · goldTonnes: 11537000Grade: 3.39Grade Unit: g/tContained Metal: 1257100Contained Unit: ozView all detailsHide details
Identity
- Project
- Oko Gold Project
- Commodity
- gold
- Region
- guyana
- Reported Region
- Guyana, South America
- Ticker
- GTWO
Resource scope
- Estimate type
- resource
- Effective date
- 2025-11-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- William J. Lewis, P.Geo.
- Resource group id
- resource:138db1de9d8ae575c6ec
- Deposit or zone
- Ghanie
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 11537000
- Grade
- 3.39
- Grade Unit
- g/t
- Contained Metal
- 1257100
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2025-11-20
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-18T00:00:00.000Z
Reasoning: This combined inferred resource for Ghanie provides significant exploration upside for the project.
Positive factors
- Good gold grade of 3.39 g/t for the combined inferred resource, indicating potential for future upgrade.
Negative factors
- Inferred resource category has a lower level of geological confidence and cannot be used for economic studies alone.
Evidence · table
“11,537,000”
Context: Ghanie
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedOko Gold Project · goldTonnes: 5090000Grade: 1.18Grade Unit: g/tContained Metal: 193800Contained Unit: ozView all detailsHide details
Identity
- Project
- Oko Gold Project
- Commodity
- gold
- Region
- guyana
- Reported Region
- Guyana, South America
- Ticker
- GTWO
Resource scope
- Estimate type
- resource
- Effective date
- 2025-11-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- William J. Lewis, P.Geo.
- Resource group id
- resource:058174eba7c28c876418
- Deposit or zone
- New Oko Discovery
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 5090000
- Grade
- 1.18
- Grade Unit
- g/t
- Contained Metal
- 193800
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2025-11-20
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-18T00:00:00.000Z
Reasoning: This indicated open pit resource from the New Oko Discovery contributes to the project's resource base and demonstrates exploration success.
Positive factors
- Indicated resource category provides a reasonable level of geological confidence.
- New discovery adds to the overall resource base.
Evidence · table
“5,090,000”
Context: New Oko Discovery
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredOko Gold Project · goldTonnes: 1269400Grade: 0.88Grade Unit: g/tContained Metal: 36100Contained Unit: ozView all detailsHide details
Identity
- Project
- Oko Gold Project
- Commodity
- gold
- Region
- guyana
- Reported Region
- Guyana, South America
- Ticker
- GTWO
Resource scope
- Estimate type
- resource
- Effective date
- 2025-11-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- William J. Lewis, P.Geo.
- Resource group id
- resource:08cd798f3f8b481b2e85
- Deposit or zone
- New Oko Discovery
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 1269400
- Grade
- 0.88
- Grade Unit
- g/t
- Contained Metal
- 36100
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2025-11-20
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-18T00:00:00.000Z
Reasoning: This inferred open pit resource from the New Oko Discovery provides exploration upside but requires further drilling to upgrade confidence.
Positive factors
- New discovery adds to the overall resource base.
Negative factors
- Inferred resource category has a lower level of geological confidence and cannot be used for economic studies alone.
Evidence · table
“1,269,400”
Context: New Oko Discovery
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedOko Gold Project · goldTonnes: 18000Grade: 1.9Grade Unit: g/tContained Metal: 1100Contained Unit: ozView all detailsHide details
Identity
- Project
- Oko Gold Project
- Commodity
- gold
- Region
- guyana
- Reported Region
- Guyana, South America
- Ticker
- GTWO
Resource scope
- Estimate type
- resource
- Effective date
- 2025-11-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- William J. Lewis, P.Geo.
- Resource group id
- resource:c4d7cc58c28a7f89e8e2
- Deposit or zone
- New Oko Discovery
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 18000
- Grade
- 1.9
- Grade Unit
- g/t
- Contained Metal
- 1100
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2025-11-20
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-18T00:00:00.000Z
Reasoning: This small indicated underground resource from the New Oko Discovery contributes to the project's resource base.
Positive factors
- Indicated resource category provides a reasonable level of geological confidence.
- New discovery adds to the overall resource base.
Evidence · table
“18,000”
Context: New Oko Discovery
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredOko Gold Project · goldTonnes: 590000Grade: 2.05Grade Unit: g/tContained Metal: 38900Contained Unit: ozView all detailsHide details
Identity
- Project
- Oko Gold Project
- Commodity
- gold
- Region
- guyana
- Reported Region
- Guyana, South America
- Ticker
- GTWO
Resource scope
- Estimate type
- resource
- Effective date
- 2025-11-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- William J. Lewis, P.Geo.
- Resource group id
- resource:76051758b6248f486944
- Deposit or zone
- New Oko Discovery
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 590000
- Grade
- 2.05
- Grade Unit
- g/t
- Contained Metal
- 38900
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2025-11-20
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-18T00:00:00.000Z
Reasoning: This inferred underground resource from the New Oko Discovery provides exploration upside but requires further drilling to upgrade confidence.
Positive factors
- New discovery adds to the overall resource base.
Negative factors
- Inferred resource category has a lower level of geological confidence and cannot be used for economic studies alone.
Evidence · table
“590,000”
Context: New Oko Discovery
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedOko Gold Project · goldTonnes: 5108000Grade: 1.19Grade Unit: g/tContained Metal: 194900Contained Unit: ozView all detailsHide details
Identity
- Project
- Oko Gold Project
- Commodity
- gold
- Region
- guyana
- Reported Region
- Guyana, South America
- Ticker
- GTWO
Resource scope
- Estimate type
- resource
- Effective date
- 2025-11-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- William J. Lewis, P.Geo.
- Resource group id
- resource:0823c13ef9ebf305a221
- Deposit or zone
- New Oko Discovery
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 5108000
- Grade
- 1.19
- Grade Unit
- g/t
- Contained Metal
- 194900
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2025-11-20
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-18T00:00:00.000Z
Reasoning: This combined indicated resource from the New Oko Discovery contributes to the project's resource base and demonstrates exploration success.
Positive factors
- Indicated resource category provides a reasonable level of geological confidence.
- New discovery adds to the overall resource base.
Evidence · table
“5,108,000”
Context: New Oko Discovery
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredOko Gold Project · goldTonnes: 1859000Grade: 1.25Grade Unit: g/tContained Metal: 75000Contained Unit: ozView all detailsHide details
Identity
- Project
- Oko Gold Project
- Commodity
- gold
- Region
- guyana
- Reported Region
- Guyana, South America
- Ticker
- GTWO
Resource scope
- Estimate type
- resource
- Effective date
- 2025-11-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- William J. Lewis, P.Geo.
- Resource group id
- resource:21710634701e1bb83270
- Deposit or zone
- New Oko Discovery
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 1859000
- Grade
- 1.25
- Grade Unit
- g/t
- Contained Metal
- 75000
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2025-11-20
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-18T00:00:00.000Z
Reasoning: This inferred combined resource from the New Oko Discovery provides exploration upside but requires further drilling to upgrade confidence.
Positive factors
- New discovery adds to the overall resource base.
Negative factors
- Inferred resource category has a lower level of geological confidence and cannot be used for economic studies alone.
Evidence · table
“1,859,000”
Context: New Oko Discovery
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredOko Gold Project · goldTonnes: 1293000Grade: 0.78Grade Unit: g/tContained Metal: 32500Contained Unit: ozView all detailsHide details
Identity
- Project
- Oko Gold Project
- Commodity
- gold
- Region
- guyana
- Reported Region
- Guyana, South America
- Ticker
- GTWO
Resource scope
- Estimate type
- resource
- Effective date
- 2025-11-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- William J. Lewis, P.Geo.
- Resource group id
- resource:b45f7daae28f92ac23ac
- Deposit or zone
- Oko N
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 1293000
- Grade
- 0.78
- Grade Unit
- g/t
- Contained Metal
- 32500
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2025-11-20
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-18T00:00:00.000Z
Reasoning: This inferred open pit resource at Oko N provides exploration upside but requires further drilling to upgrade confidence.
Negative factors
- Inferred resource category has a lower level of geological confidence and cannot be used for economic studies alone.
Evidence · table
“1,293,000”
Context: Oko N
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredOko Gold Project · goldTonnes: 374000Grade: 0.94Grade Unit: g/tContained Metal: 11300Contained Unit: ozView all detailsHide details
Identity
- Project
- Oko Gold Project
- Commodity
- gold
- Region
- guyana
- Reported Region
- Guyana, South America
- Ticker
- GTWO
Resource scope
- Estimate type
- resource
- Effective date
- 2025-11-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- William J. Lewis, P.Geo.
- Resource group id
- resource:109c39c43b60f23c3497
- Deposit or zone
- Oko NW
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 374000
- Grade
- 0.94
- Grade Unit
- g/t
- Contained Metal
- 11300
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2025-11-20
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-18T00:00:00.000Z
Reasoning: This inferred open pit resource at Oko NW provides exploration upside but requires further drilling to upgrade confidence.
Negative factors
- Inferred resource category has a lower level of geological confidence and cannot be used for economic studies alone.
Evidence · table
“374,000”
Context: Oko NW
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedOko Gold Project · goldTonnes: 15571000Grade: 3.24Grade Unit: g/tContained Metal: 1620600Contained Unit: ozView all detailsHide details
Identity
- Project
- Oko Gold Project
- Commodity
- gold
- Region
- guyana
- Reported Region
- Guyana, South America
- Ticker
- GTWO
Resource scope
- Estimate type
- resource
- Effective date
- 2025-11-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- William J. Lewis, P.Geo.
- Resource group id
- resource:b4fe8a58429261a23916
- Deposit or zone
- Entire Oko Project
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 15571000
- Grade
- 3.24
- Grade Unit
- g/t
- Contained Metal
- 1620600
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2025-11-20
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-18T00:00:00.000Z
Reasoning: The overall indicated resource for the Oko Project is substantial and provides a solid base for economic studies.
Positive factors
- Significant indicated gold resource of 1.62 Moz at 3.24 g/t Au, providing a strong foundation for the project.
- Indicated resource category provides a high level of geological confidence.
Evidence · table
“15,571,000”
Context: Entire Oko Project
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredOko Gold Project · goldTonnes: 17970000Grade: 3.31Grade Unit: g/tContained Metal: 1910300Contained Unit: ozView all detailsHide details
Identity
- Project
- Oko Gold Project
- Commodity
- gold
- Region
- guyana
- Reported Region
- Guyana, South America
- Ticker
- GTWO
Resource scope
- Estimate type
- resource
- Effective date
- 2025-11-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- William J. Lewis, P.Geo.
- Resource group id
- resource:74ee069b5eeea9798d7b
- Deposit or zone
- Entire Oko Project
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 17970000
- Grade
- 3.31
- Grade Unit
- g/t
- Contained Metal
- 1910300
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2025-11-20
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-18T00:00:00.000Z
Reasoning: The overall inferred resource for the Oko Project provides significant exploration upside and potential for future conversion to higher confidence categories.
Positive factors
- Significant inferred gold resource of 1.91 Moz at 3.31 g/t Au, indicating substantial exploration upside.
Negative factors
- Inferred resource category has a lower level of geological confidence and cannot be used for economic studies alone.
Evidence · table
“17,970,000”
Context: Entire Oko Project
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
Metallurgical Results (3)
CILOko Gold Project · goldRecovery: 93.3 %Head Grade: 0.87Head Grade Unit: g/tView all detailsHide details
Identity
- Project
- Oko Gold Project
- Commodity
- gold
- Region
- guyana
- Reported Region
- Guyana, South America
- Ticker
- GTWO
Test Work
- Program Status
- detailed
- Test Type
- CIL
- Processing Route
- comminution, gravity concentration, cyanide leach and adsorption via CIL, carbon elution and gold recovery circuits
- Sample
- Saprolite feed
Recovery
- Recovery
- 93.3 %
- Recovery Basis
- actual_test
- Head Grade
- 0.87
- Head Grade Unit
- g/t
Lab
- Laboratory
- MSALABS Guyana
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-18T00:00:00.000Z
Reasoning: Metallurgical test work shows high gold recovery for saprolite material using a conventional CIL circuit, which is a positive for project viability.
Positive factors
- High gold recovery of 93.3% for saprolite feed, indicating efficient processing for this material type.
- Standard CIL processing route is well-established and proven.
Evidence · table
“93.3”
Context: Saprolite
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the mill_cil signal
Gravity Routeneutral
Gravity separation forms a material part of the flowsheet.
Why it applies: processing_route matches the gravity signal
CILOko Gold Project · goldRecovery: 94.1 %Head Grade: 2.6Head Grade Unit: g/tView all detailsHide details
Identity
- Project
- Oko Gold Project
- Commodity
- gold
- Region
- guyana
- Reported Region
- Guyana, South America
- Ticker
- GTWO
Test Work
- Program Status
- detailed
- Test Type
- CIL
- Processing Route
- comminution, gravity concentration, cyanide leach and adsorption via CIL, carbon elution and gold recovery circuits
- Sample
- Fresh Rock feed
Recovery
- Recovery
- 94.1 %
- Recovery Basis
- actual_test
- Head Grade
- 2.6
- Head Grade Unit
- g/t
Lab
- Laboratory
- MSALABS Guyana
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-18T00:00:00.000Z
Reasoning: Metallurgical test work shows high gold recovery for fresh rock material using a conventional CIL circuit, which is a positive for project viability.
Positive factors
- High gold recovery of 94.1% for fresh rock feed, indicating efficient processing for this material type.
- Standard CIL processing route is well-established and proven.
Evidence · table
“94.1”
Context: Fresh Rock
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the mill_cil signal
Gravity Routeneutral
Gravity separation forms a material part of the flowsheet.
Why it applies: processing_route matches the gravity signal
CILOko Gold Project · goldRecovery: 94 %Head Grade: 2.39Head Grade Unit: g/tView all detailsHide details
Identity
- Project
- Oko Gold Project
- Commodity
- gold
- Region
- guyana
- Reported Region
- Guyana, South America
- Ticker
- GTWO
Test Work
- Program Status
- detailed
- Test Type
- CIL
- Processing Route
- comminution, gravity concentration, cyanide leach and adsorption via CIL, carbon elution and gold recovery circuits
- Sample
- Total (LOM) feed
Recovery
- Recovery
- 94 %
- Recovery Basis
- actual_test
- Head Grade
- 2.39
- Head Grade Unit
- g/t
Lab
- Laboratory
- MSALABS Guyana
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-18T00:00:00.000Z
Reasoning: Metallurgical test work shows high gold recovery for the total LOM feed using a conventional CIL circuit, which is a positive for project viability.
Positive factors
- High gold recovery of 94.0% for the total LOM feed, indicating efficient processing for the overall material blend.
- Standard CIL processing route is well-established and proven.
Evidence · table
“94.0”
Context: Total (LOM)
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the mill_cil signal
Gravity Routeneutral
Gravity separation forms a material part of the flowsheet.
Why it applies: processing_route matches the gravity signal
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.