• Osino Resources (OSI) has provided an update on its definitive feasibility study (DFS) for its Twin Hills Gold Project in Namibia
  • Heye Daun, Osino’s Co-Founder, President and CEO, met with Shoran Devi to discuss the implications of the study
  • The DFS is being consolidated with a third-party company, along with input from several other consultants
  • The study is expected to be released around mid-2023
  • The project is planned as a multi-pit mining operation with seven pushbacks in the Central Twin Hills and Bulge pits and the three separate satellite pits
  • Osino Resources is a Canadian gold exploration and development company
  • Osino Resources (OSI) opened trading at $0.91 per share

Osino Resources (OSI) has provided an update on its definitive feasibility study at Twin Hills Gold.

Currently, the DFS is being consolidated with a third-party company, along with input from several other consultants. It is expected to be released around mid-2023.

Heye Daun, Osino’s Co-Founder, President and CEO, met with Shoran Devi to discuss the implications of the study.

“The DFS will further de-risk the project and showcase its potential as one of the top-tier, near-term, undeveloped gold projects in Africa… we are advancing financing discussions with potential financiers as we get closer to making a formal construction decision.”

The Twin Hills Gold Project is located within the Damara sedimentary mineral belt and along strike of the producing, open-pit Navachab and Otjikoto gold mines in Namibia.

The project’s 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 and Bulge pits and the three separate satellite pits called Clouds, Clouds West and Twin Hills West. The pit will be mined to support grade maximization to the plant in the early years, while waste stripping is deferred into the future.

Osino Resources is a Canadian gold exploration and development company.

Osino Resources (OSI) opened trading at $0.91 per share.


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