Tillkännagivande • Sep 01
Osino Resources' Common Shares to be Delisted from TSX Venture Exchange Effective at the Close of Business on September 3, 2024 Pursuant to the resolutions passed by the shareholders of Osino Resources Corp. (the ‘Company’ or ‘Osino’) on April 29, 2024, the Company and arm's length parties (the ‘Purchaser’) have completed a plan of arrangement under Part 9 of the Business Corporations Act (British Columbia). The Plan of Arrangement has been completed on August 29, 2024 using letters of transmittal, and has resulted in the Purchaser acquiring all of the Company Shares, for cash consideration of CAD 1.90 for each Osino Share. Effective at the close of business on September 3, 2024, the common shares of the Company will be delisted from TSX Venture Exchange at the request of the Company. Tillkännagivande • Aug 30
Shanjin International Gold Intends to Cause Osino Resources to Delist the Osino Shares from the TSX Venture Exchange Osino Resources Corp. (the ‘Company’) announced the successful completion of the previously announced acquisition by Shanjin International Gold Co. Ltd. (formerly known as Yintai Gold Co. Ltd.) (‘Shanjin’) of all of the outstanding common shares of Osino (each, an ‘Osino Share’) for cash consideration of CAD 1.90 for each Osino Share pursuant to a statutory plan of arrangement under Business Corporations Act (British Columbia). Shanjin intends to cause Osino to delist the Osino Shares from the TSX Venture Exchange, to submit an application for it to cease to be a reporting issuer, and to otherwise terminate its public company reporting requirements as soon as possible. Tillkännagivande • Mar 21
Prospect Resources Limited (ASX:PSC) executed an agreement to acquire remaining 60% stake in Richwing Exploration (Pty) Ltd. from Osino Resources Corp. (TSXV:OSI) for $0.08 million. Prospect Resources Limited (ASX:PSC) executed an agreement to acquire remaining 60% stake in Richwing Exploration (Pty) Ltd. from Osino Resources Corp. (TSXV:OSI) for $0.08 million on March 21, 2024. Upon completion, Prospect will hold a 100% interest in Richwing. Tillkännagivande • Jan 31
Osino Resources Corp. announced that it has received CAD 10 million in funding from Dundee Precious Metals Inc. On January 30, 2024, Osino Resources Corp. closed the transaction. The company issued 4,424,778 shares at an issue price of CAD 1.13 per share for the gross proceeds of CAD 4,999,999.14 in second and final tranche. The Offering was completed in connection with the Arrangement Agreement. The total number of Shares issued pursuant to the Offering, including the initial tranche, was 8,849,557 Shares for aggregate gross proceeds to the Company of CAD 9,999,999.41. After giving effect to the Offering, DPM holds an aggregate of 12,669,157 Shares, representing approximately 7.3% of the Shares issued and outstanding on the date hereof, on a non-diluted basis. The Offering does not affect the consideration payable to shareholders under the Arrangement, consisting of CAD 0.775 in cash per Share and 0.0801 of a DPM common share per Share, the whole as set out in the Arrangement Agreement. The securities issued under the Offering are subject to a four month hold period under applicable Canadian securities laws. Tillkännagivande • Dec 20
Osino Resources Corp. announced that it expects to receive CAD 10.000001 million in funding from Dundee Precious Metals Inc. Osino Resources Corp announces private placement of 8,849,558 common shares at an issue price of CAD 1.13 per share for gross proceeds of CAD 10,000,000 in tranches on December 18, 2023. The first tranche of the transaction is expected to close on or before January 9, 2024, and is subject to TSXV and other customary regulatory approvals. The securities will be subject to a statutory four-month holding period in accordance with applicable securities regulations. the transaction included participation from Dundee Precious Metals Inc. Tillkännagivande • Dec 19
Dundee Precious Metals Inc. (TSX:DPM) entered into a definitive agreement to acquire Osino Resources Corp. (TSXV:OSI) for CAD 290 million. Dundee Precious Metals Inc. (TSX:DPM) entered into a definitive agreement to acquire Osino Resources Corp. (TSXV:OSI) for approximately CAD 250 million on December 18, 2023. DPM will acquire all of the issued and outstanding common shares of Osino for a consideration consisting of CAD 0.775 in cash per Osino Share and 0.0801 of a DPM common share per Osino Share (the “Consideration”). The Consideration implies a value of CAD 1.553 per Osino Share and a total equity value of CAD 287 million on a fully-diluted inthe-money basis. Upon completion of the Transaction, DPM will issue 13,766,364 shares to Osino shareholders and existing Osino shareholders will own approximately 7% of the combined company. In connection with the transaction, DPM has agreed to purchase an aggregate of CAD 10 million in common shares of Osino, in two equal tranches, at a price of CAD 1.13 per share pursuant to a concurrent private placement (the “Concurrent Private Placement”) to provide Osino with funding for project activities. Upon closing of the Transaction, the Osino Shares are expected to be concurrently delisted. A termination fee payable in an amount of CAD 10 million is payable to DPM by Osino in certain circumstances if the transaction is not completed.
The transaction will be subject to the approval of Osino security holders, court approved plan of arrangement under the Business Corporations Act, regulatory approvals (including approvals of the Toronto Stock Exchange and TSXV and applicable approvals under the Namibia Competition Act) and the satisfaction of certain other closing conditions customary for a transaction of this nature. The agreement has been unanimously approved by the Board of Directors of both companies. The transaction is expected to close in H1 of 2024.
CIBC Capital Markets is acting as exclusive financial advisor to DPM and its Board of Directors. Cassels Brock & Blackwell LLP is acting as DPM’s legal advisor. BMO Capital Markets and Treadstone Resource Partners are acting as financial advisors to Osino and its Board of Directors and Eight Capital is acting as financial advisor to its Special Committee. Stikeman Elliott LLP is acting as Osino’s legal advisor. BMO Capital Markets and Eight Capital acted as fairness opinions provider to Osino Board and the Special Committee. Tillkännagivande • Dec 18
Osino Resources' Shares Expected to be Concurrently Delisted Upon Closing of the Transaction with Dundee Precious Metals Dundee Precious Metals Inc. (‘DPM’) and Osino Resources Corp. (‘Osino’) announced that they have entered into a definitive agreement (the ‘Arrangement Agreement’) whereby DPM will acquire all of the issued and outstanding common shares of Osino pursuant to a plan of arrangement (the ‘Transaction’). As a result of the Transaction, DPM will acquire a 100% interest in Osino’s advanced stage, multi-million ounce Twin Hills gold project (‘Twin Hills’) located in Namibia, a mining-friendly jurisdiction where DPM has successfully operated since 2010. Subject to certain conditions, including the parties obtaining the requisite regulatory approvals, the Transaction is expected to close in the first half of 2024, subject to timing of the approvals under the Namibia Competition Act. Upon closing of the Transaction, the Osino Shares are expected to be concurrently delisted. Tillkännagivande • Nov 21
Osino Resources Corp. Announces Wide, High Grade Assay Results from Shallow Infill Drilling At Twin Hills Gold Project, Namibia Osino Resources Corp. to provide an update on the infill drill program at the Twin Hills Gold Project (‘Twin Hills’ or ‘the Project’). The objective of the program is to convert the first 2 years of mining from Indicated to Measured mineral resource category and to confirm and upgrade the Twin Hills Mineral Resource Estimate (‘MRE’). Osino remains focused on the financing and pre-construction activities at Twin Hills, including de-risking the mineral resource estimate and the initial years of production. A total of 11,427m from 110 RC holes were completed within a block of 160m x 110m at Bulge pit. These holes were drilled on a 12.5m x 12.5m grid spacing and ranged in depth from 60m to 123m. Drilling was generally done to a datum with a maximum hole depth of 123m. The program conforms to the existing inclined drill pattern with holes drilled at minus 60° dip towards the south-southeast. The drill program covers the Bulge year one starter pit hosting sub-cropping mineralisation, which plunges north-northeast to form the main ore shoot. Most assay results from the Bulge pit have been received with only 13 holes outstanding from a total of 110. All remaining drill results are expected to be reported before end of November 2023. An additional infill drill program was commenced during November at the Clouds and THC pits, with the aim of producing representative results for all of the main Twin Hills satellite pits. The infill program results will drive an internal review of geological and resource modelling techniques and parameters utilised in the generation of the latest MRE comprising 2.94moz at 1.08 g/t (Indicated & Measured) and 0.25moz at 1.10g/t. The program is on track to achieve its ultimate objective of confirming and upgrading the next MRE iteration. This drilling has intentionally been focused on the respective starter pits in the Bulge, THC, and Clouds areas and thereby not only significantly reduces the grade risk in the early years of production, but it will also assist in fine-tuning the geological modelling, wire-framing and grade estimation of the remainder of the deposit. All holes drilled so far produced very good assay results which not only demonstrate the consistency and grade continuity of the Twin Hills mineralization, but also indicate the potential for grade improvements through constraining and utilizing a selective mining approach to modelling to improve the recoverable gold grade. Once the remaining drill results have been received, Osino will quantify the effect of this drilling on the mineral resource definition and grade estimation. It is expected that the increased drill density will result in a better definition of ore and waste boundaries and therefore has the potential to exclude areas of internal waste and result in an overall grade improvement. The additional infill program at Twin Hills Central and Clouds pits is also aimed at converting the starter pit from Indicated to Measured category, thereby substantially de-risking the first 2 years of ore mining. A total of 3,517m in 43 reverse circulation holes have been planned on the Twin Hills Central orebody, at a similar 12.5 x 12.5m grid spacing, with a surface expression of about 75m x 75m. This block is an extension of the 100m x 50m block drilled in 2022 as an orientation study at the THC portion of the Twin Hills gold deposit. This study validated the wider spaced modelling and resulted in a 9% improvement in average grade over the mineral resource without a loss in contained metal. 24 holes for a total of 1,921m have been drilled to date with 1,596m (19 holes) still to be completed before year-end. All holes have been drilled to a maximum depth of 84m. A further 1,311m in 19 holes have been completed at the Clouds deposit to drill out a representative area with a similar grid spacing. The surface expression of the Clouds block is 75 x 50m in size. A total of 546m (8 holes) drilled to a maximum depth of 77m are still to be completed with first results expected at the beginning of December. All new assay results from this tight spaced drilling will be used to validate and confirm the Twin Hills Mineral Resource Estimate (‘MRE’) modelling techniques and parameters utilized, and to upgrade the current MRE. The first tight infill drill program was completed in early 2022 as an orientation study at the THC portion of the Twin Hills gold deposit. The program aimed to validate Osino's resource estimation techniques and parameters while firming up on the geological model, ahead of the planned release of the MRE that would ultimately inform the prefeasibility and definitive feasibly studies late in 2022 and early in 2023 respectively. The THC program returned good results as expected and provided better definition of the ore envelope boundaries. Detailed variability analysis of the block similarly informed on the grade continuity of the mineralisation and therefore the drill spacing needed to convert Indicated resources to the Measured category. The infill block at THC ultimately served to compare different estimation methods. It was found that estimation by Ordinary Kriging, as previously used by Osino to determine the Twin Hills resource, produced smoothed estimates, smearing grades and diluting mineralisation envelopes. In comparison, the non-linear estimation method of Uniform Conditioning (UC) estimates the tonnage and grade of mineralisation that can be recovered using the Selective Mining Unit (SMU) at selected cut-off values. The Localised Uniform Conditioning (LUC) method then further enhances the UC approach by ranking and arranging the SMUs within larger panels (blocks). LUC produces results representative of grade and geology, but also in a more practical format, particularly for use in mine planning. The net result of the 2022 THC infill drill program was a 9% improvement in average grade over the drilled block with no loss in contained metal. As soon as all of the Bulge infill drill results have been received, plan to complete a similar analysis in order to confirm or improve on the resource modelling and estimation techniques with the aim of confirming or improving the grade estimate for the Twin Hills MRE. Tillkännagivande • Nov 02
Osino Announces Positive Assay Results from Infill Drilling At Twin Hills Gold Project Including Best Hole to Date Osino Resources Corp. provide an update on the recently completed infill drill program at the Twin Hills Gold Project (“Twin Hills” or “the Project”) including the best hole drilled at the Project to date with an intercept of 61m at 3.21g/t. Osino remains focused on the financing and pre-construction activities at Twin Hills, as well as closely spaced infill drilling of the initial starter pits to validate modelling and de-risk initial production. A total of 11,427m from 110 reverse circulation (“RC”) holes were completed within a block of 160m x 110m (Figure 1). These holes were drilled on a 12.5m x 12.5m grid spacing and ranged in depth from 60m to 120m. Drilling to a datum, the program conforms to the existing inclined drill pattern with holes drilled at minus 60° dip towards the south-southeast. The drill program covers the Bulge year one starter pit hosting sub-cropping mineralisation, which plunges north-northeast to form the main ore shoot. The infill program results will drive an internal review of geological and resource modelling techniques and parameters utilised in the generation of the latest MRE comprising 2.94moz at 1.08 g/t (Indicated & Measured) and 0.25moz at 1.10g/t (Inferred) (as per Osino’s geological technical report entitled, “Definitive Feasibility Study of the Twin Hills Gold Project, Namibia, National Instrument 43-101 Technical Report” dated effective June 12, 2023. Pending the remaining assay results, the program is on track to achieve its ultimate objective of confirming and upgrading the next MRE iteration. An additional infill drill program has commenced at the Clouds and Twin Hills Central (“THC”) pits (as indicated in the plan below with blue dots) with the aim of converting the first 2 years of mining from Indicated to Measured category, thereby substantially de-risking the first 2 years of ore mining, which represents the expected finance payback period plus a healthy margin. This drilling has intentionally been focused on the respective starter pits in the Bulge, THC, and Clouds areas and thereby not only significantly reduces the grade risk in the vital early years of production, but the results received so far functions as early-stage advanced grade control drilling, providing vital information on grade consistency to optimise mine scheduling during the critical ramp-up phase of production and demonstrates the potential for grade improvements across the deposit. Once the remaining drill result have been received (expected before the end of November), Osino will quantify the effect of this drilling on the mineral resource definition and grade estimation. It is expected that the increased drill density will result in a better definition of ore and waste boundaries and therefore has the potential to exclude areas of internal waste which could result in an overall grade improvement. All holes drilled so far produced very good assay results as expected, with very consistent grades across the Twin Hills gold deposit. The first tight infill drill program was completed in early 2022 as an orientation study at the THC portion of the Twin Hills gold deposit. The program aimed to validate Osino’s resource estimation techniques and parameters while firming up on the geological model, ahead of the planned release of the MRE that would ultimately inform the prefeasibility and definitive feasibly studies late in 2022 and early in 2023 respectively. The THC orientation program included 3,667m from 36 reverse circulation holes and covered a smaller surface area as compared to the Bulge block. The THC block had a surface expression of 100m x 50m drilled at a similar 12.5m X 12.5m grid spacing, with hole depths varying between 50m to 150m. Some of the best assays from this block included 68m @ 1.24g/t (19-87m) incl. 31m @ 1.49g/t (OKRG040); 46m @ 1.57g/t (41-87m) incl. 7m @ 2.59g/t (OKRG047); 53m @ 1.20g/t (18-71m) incl. 28m @ 1.72g/t (OKRG016); 42m @ 1.77g/t (50-92m) OKRG033; 90m @ 1.07g/t (39-129m) incl. 9m @ 3.48g/t (OKRG037). The THC program returned good results as expected and provided better definition of the ore envelope boundaries. From a total of 36 grade control holes drilled, results of 20 holes contained more than 50 gram-meters (metre x g/t Au). Detailed variability analysis of the block similarly informed on the grade continuity of the mineralisation and therefore the drill spacing needed to convert Indicated resources to the Measured category. The infill block at THC ultimately served to compare different estimation methods. It was found that estimation by Ordinary Kriging, as previously used by Osino to determine the Twin Hills resource, produced smoothed estimates, smearing grades and diluting mineralisation envelopes. In comparison, the non-linear estimation method of Uniform Conditioning (UC) estimates the tonnage and grade of mineralisation that can be recovered using the Selective Mining Unit (SMU) at selected cut-off values. The Localised Uniform Conditioning (LUC) method then further enhances the UC approach by ranking and arranging the SMUs within larger panels (blocks). LUC produces results representative of grade and geology, but also in a more practical format, particularly for use in mine planning. The net result of the 2022 THC infill drill program was a 9% improvement in average grade over the drilled block with no loss in contained metal. Tillkännagivande • Oct 20
Osino Resources Corp. has completed a Follow-on Equity Offering in the amount of CAD 4.0983 million. Osino Resources Corp. has completed a Follow-on Equity Offering in the amount of CAD 4.0983 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 1,327,555
Price\Range: CAD 1
Discount Per Security: CAD 0.01
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 2,770,745
Price\Range: CAD 1
Discount Per Security: CAD 0 Tillkännagivande • Aug 10
Osino Announces New High Grade, Greenfields Gold Discovery, Drills 47M @ 5.92 g/t At Eureka Gold Project, Northern Namibia Osino announced that 2,535m drilled at Eureka Gold Project, 35km northeast of Osino's Ondundu deposit. Assay results received for four RC and seven DD holes to date including: ORD005: 47m @ 5.92g/t (144 - 191m) incl. 27m @ 8.69g/t and 3m @ 13g/t; ORD006: 18m @ 4.94g/t (194 - 212m) incl. 10m @ 5.79g/t and 5m @ 3.5g/t; ORD004: 17m @ 4.13g/t (81 - 98m) incl. 2m @ 11.01g/t and 13m @ 5.77g/t; ORD001: 38m @ 1.67g/t (43 - 81m) incl. 4m @ 4.41g/t incl. 3m @ 9.43g/t and 2m @ 39.8g/t; ORR001: 29m @ 2.69g/t (3 - 32m) incl. 19m @ 3.06g/t and 10m @ 1.46g/t incl. 3 m @ 3.96g/t; ORR002: 25m @ 1.54g/t (0 - 25m) incl. 12m @ 2.34g/t. Assay results for two holes awaited, including hole ORD009 which has visible gold in the core. These two holes were quickly followed up with a nine hole, step-out diamond drill program which again intersected gold in several holes including high grade shoots of 47m @ 5.92 g/t and 18m @ 4.70g/t. Drilling towards the end of 2022, a scout drill program consisting of four Reverse Circulation (RC) holes was completed over the small area of outcropping mineralization, with all holes drilled towards the east. Two of the four holes intersected significant mineralization as follows: ORR001: 29m @ 2.69g/t (3 – 32m) incl. 19m @ 3.06g/t and 10m @ 1.46g/t incl. 3m @ 3.96g/t. ORR002: 25m @ 1.54g/t (0 – 25m) incl. 12m @ 2.34g/t. Tillkännagivande • Aug 04
Osino Awards Front-End Engineering Design and Provides Project Implementation Update for the Development-Stage Twin Hills Gold Project, Namibia Osino Resources Corp. to provide an update progress with activities in support of the planned development of Osino’s Twin Hills Gold Project, following the successful completion of a Definitive Feasibility Study in June 2023. 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. The latest mineral resource and reserve estimates, production and financial results and key valuation metrics determined during the DFS were reported in the Company’s press release dated June 12, 2023, and a Technical Report filed on July 13, 2023. Osino is currently putting in place the necessary service agreements with multiple consultants for a five-to-six-month FEED package and related work. Most consultants being engaged in the Project were actively involved in the preparation of the recently completed DFS. An Owner’s Project team will coordinate the activities of the main engineering, procurement and construction management (“EPCM”) contractor and other consultants, and in addition will be directly responsible for supplementary resource drilling, detailed planning and early implementation of Operational Readiness activities. The main objectives of the FEED package and related activities include: Develop plant designs and procurement documents for major long lead equipment items and construction packages to the point of being ready to place orders when project implementation finance is in place. Compile the overall process plant and infrastructure project master schedule and control budget estimate. Initiate detailed planning of borehole water supply, access road re-routing and power line design and construction. Investigate alternative tailings filtration equipment with potential to reduce capital costs, as well as finalising the remainder of the process engineering design for the plant. Update proposals from preferred vendors to re-validate capital and operating cost estimates. Optimise the orientation of the TSF to utilise topography on site more effectively. Test the planned use of calcrete as one element of the composite lining for the tailings storage facility (TSF). Enhance the mining schedule to reduce or defer waste stripping where possible. Prepare trade-off studies of Owner vs Contract mining and mine vehicle maintenance strategies. Update the hydrological and hydrogeological models as well as the flood mitigation plans for the site. Enhance the geotechnical information and earthworks designs for the process plant. Continue all work necessary to obtain secondary permits and services for the planned operation. Investigate use of local building materials and resources for infrastructure design and construction. Continue investigating the potential to supply most of the Project’s electrical power from renewable energy sources.Additional resource drilling is expected to improve the definition of the mining reserve, increase the extent of the identified mineral resource, and ensure that the planned process plant site is not underlain by potentially economically recoverable mineralised material. The Operational Readiness activities in this period will be focused on items that Osino needs to put in place on site before construction activities can commence. In parallel to finalising the DFS, Osino has also progressed detailed technical, environmental and social due diligence with a credible mining project financier through their internal approvals process and is aiming to complete legal documentation and achieve financial close in H2 2023. Project implementation will commence once permitting has been completed, full project financing is in place and a formal investment decision (“FID”) has been made by Osino’s Board of Directors. Tillkännagivande • Jul 22
Osino Resources Corp. Announces Assay and Metallurgical Test Results from Ondundu Exploration Project, Namibia Osino Resources Corp. provided an update on the recently completed infill and orientation drill program at the Ondundu Gold Project (“Ondundu” or “the Project”). Osino remains focused on the financing and construction activities for the Twin Hills Gold Project, while progressing its other exploration projects including Ondundu. The Ondundu drill program was designed to upgrade the mineral resource around the Razorback Main Zone while the orientation program will provide guidance on the optimum drilling, sampling and assay methodologies for future work in the nuggety coarse gold mineralization at Ondundu. Highlights: A total of 3,148m of Reverse Circulation (RC) drilling was completed in fifteen holes since the publication of the Ondundu maiden mineral resource estimate (“MRE”). Assays received from RC step-out and infill holes at Ondundu include: ONRC23-019: 157m @ 1.50g/t (55-212m) incl. 54m @ 1.76g/t, 5m @ 7.36g/t and 3m @ 22.21g/t ONRC23-015: 51m @ 1.92g/t (153-204m) incl. 42m @ 2.24g/t ONRC23-013: 10m @ 2.65g/t (31-41m) and 88m @ 0.98g/t (53-141m) ONRC23-014: 70m @ 1.02g/t (0-70m) incl. 17m @ 2.30g/t and 41m @ 0.85g/t (99-140m) ONRC23-022: 7m @ 2.25g/t (41-48m) and 69m @ 1.36g/t (129-198m) incl. 12m @ 2.67g/t, and 6m @ 4.57g/t (211-217m). Metallurgical testwork samples were recently tested on sensor-based optical sorting machines which returned excellent separation of the gold-bearing quartz veins against the homogenous sediment, indicating very good pre-concentration potential. Previous metallurgical testwork indicated gold recovery in the range of 76-79% from gravity only (after milling to 80% passing 75 micron), at less than 5% mass pull of the solid feed to the circuit. In addition to infill and step-out drilling, the objective of the program was to evaluate alternative assay techniques more suitable to the very pronounced gold nugget effect at Ondundu. Results from the orientation program will be used to plan a larger infill and resource expansion drill program across the Ondundu deposit. Tillkännagivande • Jun 13
Osino Resources Corp. Announces Definitive Feasibility Study Results for Twin Hills Gold Project, Namibia Osino Resources Corp. announced the results of the definitive feasibility study ("DFS") for Osino's Twin Hills Gold Project ("Twin Hills" or the "Project"), which is located in central Namibia and is being advanced rapidly through accelerated expansion drilling and fast-tracked development studies. The DFS was prepared by Lycopodium Minerals Canada Ltd. ("Lycopodium") in accordance with National Instrument 43-101-Standards of Disclosure for Mineral Projects ("NI 43-101") and contemplates a low-risk, technically simple open-pit mine utilizing contract mining and feeding a conventional carbon-in-leach ("CIL") metallurgical plant processing 5mtpa of mineralized material. The Twin Hills Gold Project is located within Namibia's prospective Damara mineral belt. Twin Hills is a sedimentary-hosted, structurally controlled gold deposit that fits the broad orogenic model and is amenable to conventional open-pit gold mining and carbon-in-leach metallurgical processing. Twin Hills lies in proximity to and along strike of the producing, open-pit Navachab and Otjikoto gold mines. DFS Overview and Financial Analysis. The table below summarizes the results and key valuation metrics of the DFS on a pre- and post-tax basis. Table 1: Feasibility Study Economic Assessment Summary. USD 1750/oz, USD 1950/oz, Units, Pre-Tax, Post-Tax, Post- Tax, Post-Tax, NPV5%, US$480 million (post-tax) and IRR of 28% at 5% discount rate and USD 1750/oz gold price. At spot gold prices (US$1,950/oz) the project generates just under USD 1.5 billion of net pre-tax cashflows, demonstrating the strong margins, cash generation potential & economics of the project. Overall capital cost of USD365 million (incl. USD 34 million contingency & USD 18 million capitalised pre-strip) with a payback period of 2.2 years. 13-year Life-of-Mine ("LOM") and 5.0 million tonnes per annum ("mtpa") design processing capacity. LOM gold recovery of 92% utilising conventional 3-stage crushing, ball milling, gravity separation. Tillkännagivande • Jun 07
Osino Resources Corp. Provides Update on Dfs for Twin Hills Gold Project, Namibia Osino Resources Corp. provided an update on the definitive feasibility study for Osino’s Twin Hills Gold Project. The DFS is being consolidated by Lycopodium Minerals Africa (Pty) Ltd. in accordance with National Instrument 43-101—Standards of Disclosure for Mineral Projects, with input from several consultants and Osino. 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. The latest mineral resource and reserve estimates, production and financial results and key valuation metrics determined during the PFS were previously reported in a Technical Report filed on October 26, 2022. The DFS is based on an updated mineral resource estimate (“MRE”) taking into account additional infill (resource conversion) and resource expansion drilling completed since the release of the PFS. The DFS has generated cost estimates with an accuracy range of approximately ± 15%. In July 2023 our team intends to commence a five-month front-end engineering design (“FEED”) package. A small Owner’s Project team will coordinate the activities of the main engineering, procurement and construction management (“EPCM”) contractor and several other consultancies, with Owner’s team responsibilities including direction of project implementation as well as detailed planning and early implementation of Operational Readiness activities. In parallel to finalising the DFS, Osino has also progressed financing negotiations with a credible mining project financier and is working closely with their team to advance due diligence and transaction structuring towards relevant approvals in H2 2023. Osino will provide a further update on the financing process upon such approvals being received. Project implementation will commence once permitting has been completed, full project financing is in place and a formal investment decision has been made by Osino’s Board of Directors. Tillkännagivande • Feb 03
Osino Resources Corp. Announces Progress on Definitive Feasibility Study for Twin Hills Gold Project, Namibia Osino Rources Corp. provided an update on the definitive feasibility study for Osino's Twin Hills Gold Project. The DFS is being consolidated by Lycopodium Minerals Africa (Pty) Ltd. in accordance with National Instrument 43-101--Standards of Disclosure for Mineral Projects, with input from several other consultants and Osino. It is expected to be released around mid-2023. Overview of DFS Work Completed or in Progress: 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. The latest mineral resource and reserve estimates, production and financial results and key valuation metrics determined during the PFS were previously reported in a Technical Report filed on October 26, 2022. Open Pit Mine Optimisation, Design and Production Planning: The orebody will be mined as a conventional shovel and truck operation, with bulk mining augmented by more selective mining in areas with narrow ore zones. The mining operation, except for the mine technical services function, will be outsourced to mining contractors. The project is planned as a multi-pit mining operation with seven pushbacks in the Central Twin Hills /Bulge pits, and the three separate satellite pits. The pit will be mined to facilitate grade maximisation to the plant in the early years, and waste stripping is deferred into the future. Production schedules have been optimised to reduce the quantity of waste rock pre-stripped, as well as the maximum annual mining tonnages and stockpile capacity. The processing plant will continue running on low-grade ore stockpiles after the end of full-grade ore mining, so long as positive cash flows are generated. During the PFS, it was established that tailings filter cake produced on belt filters may be difficult to convey and store on a filtered tailings storage facility due to high moisture content. Multiple laboratories are carrying out vacuum and pressure filtration tests to determine the optimal tailings filtration route. Early indications are that pressure filtration may result in a substantially reduced water consumption, albeit at higher capital cost. This trade-off is under investigation. Plant Mineral Processing: As per the PFS, the Twin Hills process plant will have nameplate capacity of 5.0 Mtpa of ore. The process is based on conventional methods well proven in the industry. Gold recovery will be achieved using a 3-stage crushing, ball milling, gravity, pre-oxidation, CIL, cyanide detoxification and tailings thickening and filtration process plant flowsheet. Tillkännagivande • Jan 28
Osino Resources Corp. Receives Environmental Clearance Certificate for Twin Hills Gold Project, Namibia Osino Resources Corp. announced that the Namibian Ministry of Environment, Forestry and Tourism has issued an Environmental Clearance Certificate for the Twin Hills Gold Project which is valid for three years and renewable on a three yearly cycle. Twin Hills' most recent technical study, a pre-feasibility study released in September 2022, outlines a 13- year open-pit mine life with an average annual gold production rate of 169koz per annum at all-in sustaining costs of USD 930/oz in the 10 years of operation. This is based on 2.15 Moz in reserves. Osino Environmental Clearance Certificate Approved: Following extensive stakeholder engagement and environmental baseline studies in 2021 and early 2022, the Namibian Ministry of Mines and Energy and Ministry of Environment, Forestry, and Tourism thoroughly reviewed the Project's Environmental and Social Impact Assessment and Environmental Management Plan and found no material flaws in the scope and assessment of the project. Included in the assessment and the management plan are provisions that any archeological finds must be reported to the National Heritage Council for review, guidance and management. Following the discovery of some historical grave sites within the Twin Hills Project area, Osino conducted a field review and documentation of the burial sites as an addendum to the archeological baseline study. Following this, an additional reconnaissance fieldwork program was carried out in the area to confirm that no other graves exist. All documents have been submitted to NHC for review and it is anticipated that the graves will have to be relocated, with consent from the descendants. Namibian Environmental and Mining Permitting Process Overview: As per the Environmental Management Act, 2007, the proposed mining project triggers listed activities under Namibia's EMA. Such activities require an environmental clearance certificate. In 2020 Osino appointed an independent environmental consulting firm (Environmental Compliance Consultancy (Pty) Ltd) as the Environmental Assessment Practitioner (EAP) in accordance with EMA 2007 Regulation 3 to conduct an environmental and social impact assessment and apply for the required environmental clearance certificate. The MME is the competent authority for the proposed Project, and accordingly, the application was submitted to MME to carry out their designated functions. Once an ECC is issued, the certificate becomes effective from the date endorsed and remains effective for a period not exceeding three years as per the EMA 2007. ECCs are eligible for renewal every three years. The issuance of the ECC is one of three outstanding conditions for the conclusions of a full mining license for the Twin Hills gold project, to be issued by Namibia's MME. The process has been further described in a news release dated 31 October 2022. As stated earlier, once the conditions relating to grave relocations have been met, The first of the three main conditions to the issuance of the full and unconditional mining license will be achieved. The two remaining conditions are the sale of a 5% local Namibian minority equity participation (under negotiation) and the fulfilment of certain affirmative action and poverty alleviation measures which are customary under Namibian law. Tillkännagivande • Sep 23
Osino Resources Corp. (TSXV:OSI) completed the acquisition of remaining 3% stake in Osino Gold Exploration and Mining (Pty) Ltd from Somerschield Investments Close Corporation for CAD 1.2 million. Osino Resources Corp. (TSXV:OSI) signed an agreement to acquire remaining 3% stake in Osino Gold Exploration and Mining (Pty) Ltd from Somerschield Investments Close Corporation for CAD 1.2 million on August 16, 2022. Under the terms of the transaction, Osino Resources Corp. will issue its 1.7 million common shares. The common shares of Osino Resources Corp. issued under the agreement will be subject to resale restrictions over a 24-month period from the date of closing wherein 20% will be subject to resale restrictions for 3 months from the date of closing, 20% for 6 months, and 10% for each 3-month period thereafter. Upon completion, Osino Resources Corp. will own 100% stake in Osino Gold Exploration and Mining (Pty) Ltd. In a related transaction, Osino Resources Corp. signed an agreement to acquire remaining 10% stake in Osino Namibia Minerals Exploration (Pty) Ltd from Ominda Mineral Resources Close Corporation for CAD 0.87 million.Osino Resources Corp. (TSXV:OSI) completed the acquisition of remaining 3% stake in Osino Gold Exploration and Mining (Pty) Ltd from Somerschield Investments Close Corporation for CAD 1.2 million on September 22, 2022. Tillkännagivande • Nov 18
Osino Resources Corp. Makes New Drill Discovery At Clouds Target, Potential for Significant Increase in Mineralized Strike at Twin Hills Gold Project, Namibia Osino Resources Corp. provided an update on the brownfields exploration drilling at the Clouds, Twin Hills West and Barking Dog targets adjacent to and along trend from Osino’s Twin Hills Central (THC) gold project in north-central Namibia, where the Company holds a dominant 7,000 km2 land position. THC is part of the large, sedimentary-hosted and structurally controlled Twin Hills gold system which was discovered by Osino in 2019. Significant assays received at Clouds West and East confirm the discovery of two new zones of gold mineralization, including higher grade shoots up to 1500m from the eastern edge of THC. The Clouds mineralization occurs along a strong IP anomaly, which appears continuous along the entire combined 3100m strike length (Figure 2 below indicates details of the Clouds drilling and coincident IP anomaly). These new discoveries indicate the potential to double the mineralized strike at THC, thereby also significantly growing THC’s contiguous resource potential. A high intensity drill program has been put in place to drill out the Clouds targets and the gap between THC and Clouds before the end of first quarter of 2021. The Clouds target is a 1200m long gold-in-calcrete, magnetic and IP anomaly that lies 500m on strike to the east of THC. Two holes were drilled on the west side of Clouds in 2019 with a best intercept of 7m @ 0.71g/t in hole OKD025. An additional seven holes were drilled at Clouds West in the current program with a best result of 27m @ 1.22g/t (inc. 16m @ 1.74g/t) in hole OKD059, 180m to the west of OKD025 - see Figure 2. The gold mineralization is steeply dipping to the north and occurs within sheared and altered turbidites, hosting centimeter-scale veinlets of arsenopyrite and pyrrhotite. This mineralization is similar in style to THC. Two holes were also drilled at Clouds East in 2019 with a best result of 27m @ 0.80g/t (inc. 6m @ 1.25g/t) in OKD057. In the current program three additional step-out holes were drilled at Clouds East with all of the holes intersecting significant mineralization with a best of 76m @ 0.75g/t (inc. 37m @ 0.97g/t) and 19m @ 1.19g/t (inc. 8m @ 1.67g/t). The intercepts at Clouds to date look narrower than at THC but the widest part of the IP anomaly in the center of the Clouds target has yet to be drilled. If the mineralization is continuous from THC to Clouds East, the total strike length of mineralization could potentially be increased to 3100m. In the 2020 exploration program, four holes were drilled to the south and west of OKD011 (21m @ 0.83g/t) and OKD019 (11m @ 1.08g/t) to follow-up on the results from 2019. The best result from the recent drilling is 16m @ 1.38g/t in the southernmost hole (OKD037) - see Figure 1. This hole appears to have intersected the top of a developing ore shoot and step-out drilling is being planned for early 2021 to follow-up on OKD037 and also to test the strong IP and gold-in-calcrete anomaly at THW to the north of the current drilling. Eight holes were drilled at THW in 2019 with the initial holes (OKD011 and OKD013) orientated on an azimuth of 160o as at THC. However, the drill was turned around to 340o after 50m of the second hole as it became clear that the geology at THW dips steeply to the south, in contrast to the rest of Twin Hills where it dips to the north. In 2019 six holes were drilled at Barking Dog across magnetic and geochemical anomalies with no significant gold intercepts. A further four holes were drilled during the 2020 program over a prominent IP anomaly to the south of Barking Dog. Hole OKD063 on the east side of the anomaly returned a positive intercept of 8m @ 1.30g/t. This mineralization will be followed-up along strike and down-dip to see if it develops into a wider shoot towards the east. These drill results have provided validation of the quality of Osino’s new IP targets and provide impetus to further accelerating Osino’s brownfields exploration program in addition to the ongoing resource drilling. Tillkännagivande • Nov 13
Osino Resources Corp. Provides an Update on the Resource Drilling and Exploration of Osino's Twin Hills Central Gold Project in North-Central Namibia Osino Resources Corp. provide an update on the resource drilling and exploration of Osino's Twin Hills Central ("THC") gold project in north-central Namibia, where the Company holds a dominant 7,000 km2 land position. THC is part of the large, sedimentary-hosted and structurally controlled Twin Hills gold system which was discovered by Osino in 2019. In-fill and step out drilling to define a Maiden Resource Estimate ("MRE") is underway at THC with five diamond and three RC drill rigs. The first phase of the MRE drilling (33,300m) was completed on October 11th and after a short break the second phase (20,000m) commenced on October 27th, to be completed by February 2021. As much as possible, but likely not all, of that drilling will be included in the 43.101 compliant resource estimate which Osino plans to publish before the end of first quarter of 2021. Drilling is being carried out on 50 x 50m drill spacing, covering the entire THC deposit, with drill depths of mostly 200m at 60 degrees inclination towards the south. Two deep holes (OKD058 and OKD022) were drilled towards the NNW (opposite to all the other holes) to test the continuity and down-dip extent of the mineralization and to see if there are other mineralizing structures not picked up in the rest of the holes. Drilling on the western lobe of THC has defined a very wide, consistently mineralized zone vertically down to 350m and open to depth. Recent drilling indicates that the mineralization continues in a narrower zone along strike to the southwest. The eastern lobe of THC has grown significantly since the previous news release, dated August 24, 2020. A new zone of high-grade gold to the north of the previously known mineralization was discovered with hole OKR080 (8m @ 3.67g/t). In addition, the eastern lobe has been expanded on strike by about 150m to the east along the strong IP anomaly and west into the gap between the western and eastern lobes, which was previously thought to be barren. The gap between the east and West Lobes has been greatly diminished with the discovery of shallow high- grade mineralization in hole OKR056 (25m @ 2.00g/t) as well as the expansion of the East Lobe. Tillkännagivande • Sep 29
Osino Resources Corp. Appoints Management Changes Osino Resources Corp. announced that Heye Daun, director and CEO of the Company, has been appointed as President of the Company. Additionally, Alan Friedman, a director of the Company, has been appointed as Chairman of the Company. Tillkännagivande • Jul 17
Osino Resources Corp. has completed a Composite Units Offering in the amount of CAD 15.4 million. Osino Resources Corp. has completed a Composite Units Offering in the amount of CAD 15.4 million.
Security Name: Units
Security Type: Equity/Derivative Unit
Securities Offered: 14,000,000
Price\Range: CAD 1.1
Discount Per Security: CAD 0.066
Transaction Features: Regulation S; Rule 144A 
