Since January 2017, Osino has more than tripled its total tenement position.

Since January 2017, Osino has more than tripled its total tenement position by adding 16 new EPL’s (exclusive prospect licenses) to an existing portfolio of 7 licenses. Its total land-holding has increased from approximately 1,072km2 (107,200ha) to more than 6,500km2 (650,000ha) under license, either owned in the company’s own name and local Namibian subsidiaries, or contracted under earn-in.

 

Osino has focused on adding ground to the priority Karibib Gold Project, while picking up new licenses for within the rest of the gold prospective Damara Belt. The company is engaged in advanced discussions with a number of license holders to secure an option to acquire another 4-5 licenses via earn-in or outright purchase in the next 6 months, which will add up to 500km2 (50,000ha). Osino continues to identify new areas of interest and potential target licenses held by others or available for new applications.

 

One of the attractive aspects of minerals exploration in Namibia is easy access to an advanced and transparent system of administration of mining titles, coupled with competitive holding costs, good physical accessibility and a competent and efficient Geological Survey.

 

Major Project Areas

In order to reduce the geological risk inherent in greenfields exploration, Osino has focused on more advanced projects within its portfolio while accelerating priority regional programs aimed at identifying new drill targets with the potential to host economic mineralization. This approach has been highly successful and has led to the discovery of the Twin Hills Central and related targets in the Twin Hills Cluster on the Karibib Gold Project. The key project areas are: