Highlights 2023 work program has commenced, focused on resource definition, growth and new discovery. 20,000m, 5-rig drill program for H1 2023 progressing well and includes: 12,000m drilling at Twin Hills West , Central and Clouds and Clouds West deposits 5,000m feasibility studies and project development drilling including hydrological [...]
Highlights Indicative term sheets received from eight European, African, and North American lenders with established track records in mining project finance. Preferred lenders are currently being shortlisted as the company moves towards final term sheet negotiations and subsequent credit approval process for the selected financing package. The [...]
Highlights: The definitive feasibility study scope is based on the results and scope of the 2022 pre-feasibility study with minor adjustments to the process flow diagram and tailings filtration strategy expected to be completed around mid-2023. The DFS is based on an updated mineral resource estimate taking into account additional infill and [...]
Osino receives an Environmental Clearance Certificate from Namibia's Ministry of the Environment, Forestry and Tourism for its Twin Hills Gold Project in Namibia. The ECC is subject to the relocation of historical graves which are located within the Twin Hills project area. A process is underway to secure the necessary consent to conclude this to [...]
Highlights Newmont Corp. completes geochemical orientation survey at Osino's Twin Hills gold deposit. The survey is designed to test Newmont's proprietary regional surface sampling methodology over known gold mineralization covered by sand, calcrete and sheet wash. Osino has added a large new land package consisting of four licenses for a total of [...]
Osino Resources is pleased to announce that it has filed its technical report entitled, "Ondundu Gold Project, NI 43-101 Technical Report" dated effective Oct 7, 2022 and signed December 8, 2022 for its maiden mineral resource estimate for its Ondundu Gold Project announced in the Company's news release dated Oct 27, 2022. The Technical Report was [...]
Osino Resources is pleased to announce that it has closed its previously announced non-brokered private placement of 14,752,500 common shares for gross proceeds of CDN$11,802,000 at a price of CAD$0.80 per share, effective December 7, 2022. In connection with the Offering commissions on the sale of the common shares were paid to eligible finders in [...]
Osino Resources is pleased to announce that it has received commitments to complete a non-brokered private placement for gross proceeds of up to CDN$10,000,000 at a price of CAD$0.80 per share. The Company intends to use the net proceeds of the Offering to fund exploration and project development expenditures at the Company's Twin Hills gold [...]
Osino Resources is pleased to release its inaugural Sustainability Report for the 2021 reporting period. The report presents both Osino's historic sustainability performance as well as plans for the Twin Hills Gold Project, based near Karibib in Namibia. It highlights how Osino is already making a significant positive contribution to Namibia [...]
Highlights Osino draws US$5M from non-dilutive Nebari credit facility for certain pre-development expenses including the purchase of private farmland to secure the Twin Hills project footprint and to advance detailed engineering and procurement for grid power and water. At Osino's election, the Company can draw 2 additional tranches of US$5M each [...]
Highlights UK-based Terrafranca Capital Partners Ltd. appointed as debt advisor to Osino. The robust economics for Twin Hills has attracted multiple expressions of interest from European, African, and North American lenders, with Namibia standing out as a sought-after, premium African investment jurisdiction. Financing term sheets are expected [...]
