Joint Venture / Earn-In
OMM contributes the title and local operating base; the partner contributes capital and, where relevant, technical capability — earning into the project by funding defined stages. Suits either track.
— Deal Memo —
The Niger State Deal
Partner with OMM on granted ground in the Borgu gold belt
Exploration Licence EL68022 offers two distinct entry points: near-term gold mining on the 4-unit priority quadrant under Small-Scale Mining Lease application, or a systematic exploration programme across the remaining 62 cadastral units. This memo sets out both.
The Asset at a Glance
66
Cadastral Units Granted
Exploration Licence EL68022, Borgu LGA, Niger State — granted 13 October 2025, verifiable at the Mining Cadastre Office.
4
CU — Mining Track
The highest-priority gold quadrant, under Small-Scale Mining Lease application. The near-term production entry point.
62
CU — Exploration Track
The remaining licence ground: shear-zone and structural targets awaiting a funded, systematic programme.
13.2
km² Licence Area
In a proven gold belt with producing small-scale and large-scale neighbours along the Borgu/New Bussa corridor.
— The Opportunity —
Why This Deal, Why Now
OMM holds a granted exploration title over confirmed gold-bearing ground and has already committed to the next stage: a mining-stage lease application filed over the licence's best quadrant. What converts this position into production and discovery is capital — deployed against defined work, on ground a partner can verify before committing.
We are seeking partners for two parallel tracks. They can be taken together or separately, and each is sized, staged, and governed on its own terms.
- Granted, not promised: EL68022 is a granted title with a published coordinate schedule — every claim on this page is verifiable at the Nigerian Mining Cadastre Office.
- Operating neighbourhood: producing SSMLs and Mining Leases surround the licence. This is an operating district, not frontier greenfield.
- Qualified oversight: technical programmes are headed by Bola Adetola, Pr.Sci.Nat, OMM's Technical Director.
- Staged and verifiable: funding is structured in tranches against defined work programmes, with reporting a partner can audit.
— Track A · Mining —
The SSML Quadrant — 4 CU, Near-Term Gold
The Proposition
The quadrant was selected from systematic surface work across the licence: confirmed gold-bearing surface mineralisation, coarse-gold and nugget occurrences in soil profiles, and documented artisanal workings. Filing a mining-stage application on our own ground was a deliberate commitment — this target was good enough to stake the next stage on.
A Track A partner funds the completion of the lease acquisition and the establishment of small-scale mining operations, in exchange for a negotiated share of production economics. It is the shortest path to cash flow on the licence, and the operation that pays for what the rest of the ground becomes.
— Track B · Exploration —
The 62-Unit Programme — Systematic Discovery
The Proposition
Most Nigerian exploration licences die after grant because the real work is never funded. Track B funds that work properly: a staged exploration programme across the 62 remaining units, directed by our Technical Director, with each tranche released against delivered, reviewable results — starting from a genuine reconnaissance study of the whole licence.
The partner's upside is position: early economics in whatever the systematic programme defines, on ground whose priority quadrant has already justified a mining-stage application. Structures range from earn-in to royalty on eventual production.
How a Deal Gets Done
Specific terms are confidential and developed against the counterparty's mandate and the track chosen. The principal structures we engage in:
Royalty / Streaming
The partner funds work in exchange for a Net Smelter Return or gross-revenue stream on production. OMM retains title and operations; the partner earns a passive return. Natural fit for Track A.
Direct Project Funding
Straight project finance against a defined work programme and security package, with tranches released on verified milestones. The simplest structure for Track B's staged programme.
The Process
Four steps from first contact to committed capital. We move at the speed of your diligence.
1 · Contact
Write to us with your mandate and the track of interest. We respond with a summary suitability view.
2 · NDA & Pack
Under NDA: the grant document, coordinate schedule, surface-work summaries, SSML application pack, and programme budgets.
3 · Verification
Independent verification at the Mining Cadastre Office and, for serious counterparties, a hosted site visit to the licence area.
4 · Terms
Structure, tranches, governance and reporting agreed against the chosen track's work programme.
Open the Conversation
Tell us your mandate and preferred track. Licence numbers and grant documents are verifiable at the Nigerian Mining Cadastre Office; everything beyond this page is shared under NDA.
This page is an invitation to discuss a commercial partnership. It is not an offer of securities, a solicitation of investment from the public, or technical disclosure under any reporting code. No resource or reserve estimate exists for this licence.