The Omai gold mine was most recently held by Iamgold after acquisition from Cambior Resources. At the time it was built, in the early nineties, Omai was the largest gold mine in South America. In a period spanning 13 years, Omai produced over 3.7 million ounces of gold during a period when the price of gold was approximately $300 an ounce.

Mahdia Gold is excited by the fact that historical data suggests that Omai still contains significant gold deposits. In 2006-2007, after the 3.7 million ounces of gold was produced, the previous owners drilled the floor of only the Fennell pit with a total of 46 diamond drill holes (27,359 metres) up to a maximum length of 967 m. Additionally, other work was done that consisted of SG measurements, and significant geotechnical work. Iamgold had also created a 3-D Gemcom model of the Sill, Fennell Stock and mineralized zones, and used it to calculate the resource.

The second nearby pit, the Wenot pit was never drilled but it shares a similar geology which demands that Mahdia Gold undertake a full and comprehensive investigation including diamond drilling to establish the potential under the Wenot pit.