“The very first thing that Osino impressed me with is the CEO. Heye Daun is just a super guy. (... ) Namibia is an under-explored area and he’s got lots of experience in the area that not a lot of people know about. Heye lives there. He just lives and breathes and dreams that region. (...) It’s really hard to beat that formula.”
– ROSS BEATY
Founder & Chairman: Pan American Silver Corp. & Equinox Gold Corp.. Resource company entrepreneur with over 46 years of experience in the international minerals and renewable energy industries.
Flagship Twin Hills Project
The Twin Hills Gold Project (“Twin Hills”) is located in Namibia, a politically stable country where mining is a major revenue earner and formal sector employer (8% of GDP, 40% of foreign earnings).
Osino is focused on the fast-tracked development of our wholly owned, Twin Hills Gold Project. Since its grassroots discovery by Osino in August 2019, the Company has completed more than 225,000m of drilling and has completed a suite of specialist technical studies culminating in the Twin Hills prefeasibility report (“PFS”) in 2022. The PFS describes a technically simple and economically robust open-pit gold operation with a 13-year mine life and average annual gold production of over 169koz per annum.
Osino is advancing project financing in parallel with the Definitive Feasibility Study (DFS) which is anticipated to be released in H1 2023.
Economically viable with excellent returns
- 15-year LOM, 3.5mtpa processing capacity with 90.9% average Au recovery
- 124,000 ounces Au pa for years 2-5, 99,000 ounces average annual production
- US$ 827/oz cash cost, 947 US$/oz AISC (incl. royalties, levies & sustaining capex)
- US$ 176m capital cost (plus 15% contingency of US$26m)
- Cashflow $1850/post-tax/undiscounted: US$ 1058m with 44% IRR and 2.1 years payback
- Net Present Value $1700/post-tax: US$ 377m with 38% IRR and 2.3 years payback
Low Development Risk
- Excellent location in infrastructure-dense area of Namibia
- Geologically consistent & technically low-risk
- No metallurgical flaws & low capital intensity
LEARN MORE ABOUT TWIN HILLS
Ownership & Share Structure
|Share Structure||30 May 2022|
|Shares basic (m)||127,5|
|Shares FDITM (m)||143|
|ITM Share Options (m)||10,2|
|ITM warrants (m)||5,3|
|Share Price (12m H/L)||$1.61/$0.98|
|Cash in treasury (C$m)||~$10,0|
|Market Cap (C$m)||$144m 01 June 2022|
We Prioritize Responsible Mining
Responsible mining makes good business sense and is the ethical thing to do. Gold mining is a high-impact activity, and we see responsible mining as being core to value creation for both shareholders and stakeholders.
We have set ourselves the goal of becoming a respected and responsible gold mine developer and operator, striving to minimising negative impacts and maximising our ability to be a force for good. This ambition is reflected in our sustainability goals found in our sustainability reports.
- 2021: High-level socio-economic baseline and impact study was completed and our sustainability strategy is created.
- 2022: All relevant recommendations made by the ICMM’s Mining Principles will be met or exceeded.
- 2023: A comprehensive sustainability report that meets the GRI Standard’s ‘Core option’ will be published early in the year.
Get more information about Osino’s Twin Hills and Ondundo projects
You will get the following detailed information and more in the latest investors presentation:
- 2022 development timeline for Twin Hills and newly acquired Undundo project.
- Information about a recent gold anomaly discovery.
- Mine design & geological overviews
- Background information pertaining to Osino’s directors and management team
- Ownership & share structure
Fill in your details to receive the investor presentation
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You will be directed to our website where you will be able to download the PDF presentation.
The securities of Osino Resources Corp. (“Osino” or the “Corporation”) have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an exemption from registration. This presentation shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities of Osino in any jurisdiction in which such offer, solicitation or sale would be unlawful. This presentation does not constitute an “offering memorandum” as such term is defined under Canadian securities legislation and confers no statutory, contractual or other similar rights of rescission or other action or remedy to any recipient under securities legislation in Canada, the United States or other jurisdiction for misrepresentation or otherwise. This presentation does not provide full disclosure of all material facts relating to the Corporation. Readers should conduct their own analysis and review of the Corporation and of the information contained in this presentation and should contact their own professional advisors. For additional information, the readers are directed to the Corporation’s current technical report and other corporate and financial disclosure filed under the Corporation’s profile on SEDAR at www.sedar.com.
This presentation contains “forward-looking information”. Forward-looking information includes, without limitation, statements regarding macroeconomic factors, future demand and supply dynamics, forecasts and timelines, exploration, development and production activities, including information regarding the potential mineralization and mineral resource estimates, ability to obtain financing, future currency exchange rates, government regulation of mining operations, and environmental risks. Similarly, forward-looking information also includes all statements other than statements of historical fact contained in this presentation, including, without limitation, those regarding the Corporation’s future financial position and results of operations, strategy, plans, objectives, goals and targets, future developments in the markets where the Corporation participates or is seeking to participate. In general, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects”, “believe”, “expect”, “aim”, “intend”, “plan”, “continue”, “will”, “may”, “would”, “anticipate”, “estimate”, “forecast”, “predict”, “project”, “seek”, “should” or similar expressions or the negative thereof. Forward-looking statements are not historical facts but instead represent only the Corporation’s expectations, estimates and projections regarding future events. These statements are not guarantees of future performance and involve assumptions, risks and uncertainties that are difficult to predict. Therefore, actual results may differ materially from what is expressed, implied or forecasted in such forward-looking statements. Such forward-looking information is based upon factors and assumptions the Corporation and its consultants believe is reasonable based on information currently available to them. By its nature, forward-looking information involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements, or industry results, to differ materially from those expressed or implied by such forward-looking information.
The preliminary economic assessment reflected in this presentation is from the Company’s current technical report (the “Current PEA”) on its Twin Hills Gold Project in Namibia which is referred to in this presentation and is the technical report most recently filed on SEDAR at www.sedar.com under the Company’s profile. This preliminary economic assessment is preliminary in nature, as it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary economic assessment will be realized. The Current PEA sets out the basis for the preliminary economic assessment and any qualifications and assumptions made by the qualified persons responsible for the Current PEA. The most pertinent assumptions and qualifications, other than as noted above, are that the economic analysis was based on a foreign exchange rate of USD1.00 = $15.5 Namibian dollars and base case gold price of USD$1,700/oz gold, as well as the following parameters: 15-year LOM, 5.0% mining dilution, 3.5% mineralized material loss, 90.9% gold recovery, 3.0% royalty, and 1.0% export levy (please see Current PEA for further details).
The reader is cautioned that any reference to mineral resources or geological technical information about Osino’s mineral properties is based on, excerpted from and expressly qualified by Osino’s current technical report (the “Technical Report”) which was prepared in accordance with NI 43-101 entitled, “Twin Hills Gold Project, Namibia, NI 43-101 Technical Report” signed May 10, 2021 dated effective April 1, 2021 by Anton Geldenhuys, MEng, MGSSA, PrSciNat #400313/04 of CSA Global South Africa (Pty) Ltd. and Graham Hetherington, BEng, MAusIMM #318140 of Lycopodium Minerals Africa, (Pty) Ltd. prepared for Osino Resources Corp. Accordingly, Osino recommends that the reader refer to and read the Technical Report in its entirety, a copy of which is available on SEDAR at www.sedar.com under Osino’s issuer profile.