Navachab Gold Mine

Osino Awards Front-End Engineering Design and Provides Project Implementation Update for the Development-Stage Twin Hills Gold Project, Namibia

Retrieved on: 
Thursday, August 3, 2023
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VANCOUVER, British Columbia, Aug. 03, 2023 (GLOBE NEWSWIRE) -- Osino Resources Corp. (TSXV:OSI) (FSE:RSR1) (OTCQX:OSIIF) ("Osino” or “the Company”) is pleased to provide an update progress with activities in support of the planned development of Osino’s Twin Hills Gold Project (“Twin Hills” or “the Project”), following the successful completion of a Definitive Feasibility Study in June 2023.

Key Points: 
  • Heye Daun, Osino’s President and CEO commented: “The award of this FEED study marks another key milestone for Osino as it moves the Twin Hills Gold Project closer to production.
  • Lycopodium is recognized for their gold processing plant design expertise and their world-class track record of on-time and on-budget project delivery in Africa and globally.
  • The Twin Hills Gold Project is located within Namibia’s prospective Damara sedimentary mineral belt, in proximity to and along strike of the producing, open-pit Navachab and Otjikoto gold mines.
  • Twin Hills is planned to be a conventional open-pit gold mine with a whole-ore carbon-in-leach (“CIL”) metallurgical processing plant.

Osino Provides Update on DFS for Twin Hills Gold Project, Namibia

Retrieved on: 
Wednesday, June 7, 2023
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VANCOUVER, British Columbia, June 07, 2023 (GLOBE NEWSWIRE) -- Osino Resources Corp. (TSXV:OSI) (FSE:RSR1) (OTCQX:OSIIF) (“Osino” or “the Company”) is pleased to provide an update on the definitive feasibility study for Osino’s Twin Hills Gold Project (“Twin Hills” or “the Project”). The DFS is being consolidated by Lycopodium Minerals Africa (Pty) Ltd. (“Lycopodium”) in accordance with National Instrument 43-101—Standards of Disclosure for Mineral Projects ("NI 43-101"), with input from several consultants and Osino.

Key Points: 
  • VANCOUVER, British Columbia, June 07, 2023 (GLOBE NEWSWIRE) -- Osino Resources Corp. (TSXV:OSI) (FSE:RSR1) (OTCQX:OSIIF) (“Osino” or “the Company”) is pleased to provide an update on the definitive feasibility study for Osino’s Twin Hills Gold Project (“Twin Hills” or “the Project”).
  • Heye Daun, Osino’s President and CEO commented: “Our team is on track to deliver the Twin Hills DFS in mid-June.
  • The DFS optimisations and updated MRE result in a robust project with strong economic fundamentals that establish Twin Hills as a top-tier African gold development project.”
    The Twin Hills Gold Project is located within Namibia’s prospective Damara sedimentary mineral belt, in proximity to and along strike of the producing, open-pit Navachab and Otjikoto gold mines.
  • Twin Hills is amenable to conventional open-pit gold mining and conventional, whole-ore CIL metallurgical processing.

Osino Adds New, Large 2681km² License Package and Hosts Proprietary Geochemical Orientation Program at Twin Hills Gold Project, Namibia

Retrieved on: 
Thursday, December 15, 2022
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VANCOUVER, British Columbia, Dec. 15, 2022 (GLOBE NEWSWIRE) -- Osino Resources Corp. (TSXV:OSI) (FSE:RSR1) (OTCQX:OSIIF) ("Osino” or “the Company”) is pleased to announce that Newmont Corporation (Newmont) has completed a geochemical orientation program during October 2022 to test their proprietary Deep Sensing Geochemistry (“DSG”) technique over known covered mineralization at Osino’s Twin Hills gold project.

Key Points: 
  • Twin Hills is a sediment-hosted, structurally controlled, orogenic gold deposit which is largely covered by calcrete and windblown sand.
  • Newmont has recently been building a technical relationship with Osino and pursuant to that has sent in a specialist geochemical exploration team to carry out orientation work at Twin Hills.
  • Osino has recently staked a large new land package approximately 100km to the east of Twin Hills.
  • Osino is a Canadian gold exploration and development company focused on the fast-tracked development of its Twin Hills Gold Project (“Twin Hills”) in central Namibia.

Osino Announces Filing of Mineral Resource Estimate Technical Report for Its Ondundu Gold Project, Namibia

Retrieved on: 
Thursday, December 8, 2022
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The Technical Report was prepared and filed in accordance with National Instrument 43-101—Standards of Disclosure for Mineral Projects ("NI 43-101").

Key Points: 
  • The Technical Report was prepared and filed in accordance with National Instrument 43-101—Standards of Disclosure for Mineral Projects ("NI 43-101").
  • Ondundu is 100% owned by Osino and is located approximately 130 km northwest of Osino's flagship Twin Hills Project in Namibia.
  • Osino completed the acquisition of Ondundu from B2Gold Corp. on July 21, 2022.
  • Osino is a Canadian gold exploration and development company focused on the fast-tracked development of our Twin Hills Gold Project (“Twin Hills”) in central Namibia.

Osino Announces Publication of Inaugural Sustainability Report

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Friday, November 11, 2022
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VANCOUVER, British Columbia, Nov. 11, 2022 (GLOBE NEWSWIRE) -- Osino Resources Corp. (TSXV:OSI) (FSE:RSR1) (OTCQX:OSIIF) (Osino or the Company) is pleased to release its inaugural Sustainability Report for the 2021 reporting period.

Key Points: 
  • VANCOUVER, British Columbia, Nov. 11, 2022 (GLOBE NEWSWIRE) -- Osino Resources Corp. (TSXV:OSI) (FSE:RSR1) (OTCQX:OSIIF) (Osino or the Company) is pleased to release its inaugural Sustainability Report for the 2021 reporting period.
  • The report presents both Osinos historic sustainability performance as well as plans for the Twin Hills Gold Project, based near Karibib in Namibia.
  • The Sustainability Report we just published gives expression to what we have already achieved on this front and what we strive to do in the future.
  • Osino has set itself the goal of embedding sustainability into all aspects of the mines design as it moves forward.

Osino Secures Interim Credit Facility From Nebari to Complete Land Acquisition in Namibia Ahead of Project Financing

Retrieved on: 
Tuesday, November 8, 2022
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VANCOUVER, British Columbia, Nov. 08, 2022 (GLOBE NEWSWIRE) -- Osino Resources Corp. (TSXV:OSI) (FSE:RSR1) (OTCQX:OSIIF) ("Osino” or “the Company”) is pleased to announce that it has entered into an agreement with Nebari Gold Fund 1, LP and Nebari Natural Resources Credit Fund I, LP (each as Lender and collectively, "Nebari"), with Nebari Gold Fund 1, LP as collateral agent and certain Osino subsidiaries as guarantors, for a credit facility of up to US$15M (the “Credit Facility”). The Credit Facility provides for an initial draw of US$5M (“Tranche 1”), with the potential of two additional draws of US$5M each (“Tranches 2 and 3”), at the election of Osino, and subject to conditions precedent.

Key Points: 
  • The Credit Facility and any Warrants issued thereunder are subject to approval and the policies of the TSX Venture Exchange (the "TSX-V").
  • There are no finders fees payable in respect of the Credit Facility.
  • Andre Krol, Managing Partner with Nebari commented: We are extremely excited to partner with Osino as they advance the Twin Hills project.
  • The Credit Facility does not give Nebari any pre-emptive rights on arranging the project finance, for which a separate competitive process has commenced.

Osino Commences Project Finance Process, Appoints Terrafranca Capital Partners as Debt Advisor for Development Financing of Its Twin Hills Gold Project, Namibia

Retrieved on: 
Tuesday, November 1, 2022
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VANCOUVER, British Columbia, Nov. 01, 2022 (GLOBE NEWSWIRE) -- Osino Resources Corp. (TSXV:OSI) (FSE:RSR1) (OTCQX:OSIIF) ("Osino” or “the Company”) is pleased to announce that it has commenced the project financing process and has appointed Terrafranca Capital Partners Ltd (“Terrafranca”), a leading independent financial adviser with a strong track record of arranging financing for junior mining projects in Africa, to progress the debt financing for the development of its wholly owned Twin Hills Gold Project (“Twin Hills” or “the Project”) in Namibia.

Key Points: 
  • Financing term sheets are expected before the end of 2022 with a view to selecting preferred financing partners and progressing a debt financing package from early 2023.
  • Heye Daun, Osinos co-founder, President & CEO commented: We are very pleased to announce the formal appointment of Terrafranca as Osinos project finance advisor, with the task of securing the necessary project debt to enable Osino to construct the Twin Hills Gold Project.
  • Now that the PFS has been concluded, Terrafranca has commenced a formal process with the aim of concluding a comprehensive debt financing package for the construction of the project.
  • Osino is a Canadian gold exploration and development company focused on the fast-tracked advancement of our wholly owned Twin Hills Gold Project (Twin Hills) in central Namibia.

Osino Announces Filing of Amended and Restated Pre-Feasibility Study Technical Report for Its Twin Hills Gold Project, Namibia

Retrieved on: 
Wednesday, October 26, 2022
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The amended and restated PFS Technical Report corrects minor editorial mistakes as well as the content of Section22 where an outdated analysis had been inserted in the Initial PFS.

Key Points: 
  • The amended and restated PFS Technical Report corrects minor editorial mistakes as well as the content of Section22 where an outdated analysis had been inserted in the Initial PFS.
  • The technical and economic results of the pre-feasibility study as summarized in the Company's news release dated September 6, 2022 remains valid and unchanged.
  • Osino intends on completing and publishing a definitive feasibility study on the Twin Hills project during Q2 of 2023.
  • Osino is a Canadian gold exploration and development company focused on the fast-tracked development of our Twin Hills Gold Project (Twin Hills) in central Namibia.

Osino Announces Filing of Pre-Feasibility Study Technical Report for Its Twin Hills Gold Project, Namibia

Retrieved on: 
Friday, October 21, 2022
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The PFS Technical Report was prepared and filed in accordance with National Instrument 43-101Standards of Disclosure for Mineral Projects ("NI 43-101").

Key Points: 
  • The PFS Technical Report was prepared and filed in accordance with National Instrument 43-101Standards of Disclosure for Mineral Projects ("NI 43-101").
  • Osino has initiated engineering studies aimed at optimizing the process flow sheet and reflecting potentially significant capital cost savings which were identified during the PFS.
  • Osino intends completing and publishing a definitive feasibility study (DFS) on the Twin Hills project during Q2 of 2023.
  • Osino is a Canadian gold exploration and development company focused on the fast-tracked development of our Twin Hills Gold Project (Twin Hills) in central Namibia.

Osino Attracts Respected ASX-Listed Lithium Developer to Advance Its Lithium Exploration License in Namibia

Retrieved on: 
Friday, September 30, 2022
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VANCOUVER, British Columbia, Sept. 30, 2022 (GLOBE NEWSWIRE) -- Osino Resources Corp. (TSXV:OSI) (FSE:RSR1) (OTCQX:OSIIF) ("Osino” or “the Company”) is pleased to announce that the Company has entered into an Earn-In and Shareholder Agreement (the “Agreement”) with Prospect Resources Limited (ASX:PSC)(FRA:5E8) (“Prospect”) to allow Prospect to earn up to 51% and potentially up to 85% interest in the Omaruru Lithium Project (the “Project”) in Namibia.

Key Points: 
  • The Agreement allows Osino shareholders to benefit from the potential upside of advancing the non-core lithium potential by a competent and well-financed lithium developer at no cost to Osino.
  • The tenement is situated near several historical and current lithium mining operations, including Lepidicos Karibib Lithium Project located about 10km to the southwest.
  • Prospect is a credible and motivated partner who will advance this lithium project whilst Osino can focus on the continued and fast-tracked development of our Twin Hills Gold project.
  • Osino had previously conducted gold and preliminary lithium exploration on EPL 5533 and pursuant to that we concluded that the gold upside on this license was limited, whilst the lithium potential required a focused and specialist effort from a competent lithium operator.