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     141  0 Kommentare Osino Provides Update on DFS for Twin Hills Gold Project, Namibia

    Highlights

    • Twin Hills Definitive Feasibility Study (“DFS”) results on track for release in mid-June 2023.
    • Lycopodium, DRA and multiple other specialist consultants commenced work on the DFS in Oct. 2022.
    • The DFS is based on an updated mineral resource estimate (“MRE”) including infill and resource expansion drilling completed since the release of the PFS in Sept. 2022.
    • Following the PFS published in Sept. 2022, capital and operating cost estimates have been updated, with cost saving opportunities identified during the PFS now reflected in the DFS estimates.
    • The Company is currently assessing a dual listing of its shares on the London Stock Exchange (“LSE”) to enhance the Company's access to the pools of equity capital available in the UK and the EMEA region.

    VANCOUVER, British Columbia, June 07, 2023 (GLOBE NEWSWIRE) -- Osino Resources Corp. (TSXV:OSI) (FSE:RSR1) (OTCQX:OSIIF) (“Osino” or “the Company”) is pleased to provide an update on the definitive feasibility study for Osino’s Twin Hills Gold Project (“Twin Hills” or “the Project”). The DFS is being consolidated by Lycopodium Minerals Africa (Pty) Ltd. (“Lycopodium”) in accordance with National Instrument 43-101—Standards of Disclosure for Mineral Projects ("NI 43-101"), with input from several consultants and Osino.

    Heye Daun, Osino’s President and CEO commented:Our team is on track to deliver the Twin Hills DFS in mid-June. During the preparation of the DFS we have continued to optimise the project with respect to cost estimates, performance across the flow sheet and further de-risking of the project towards construction. The DFS optimisations and updated MRE result in a robust project with strong economic fundamentals that establish Twin Hills as a top-tier African gold development project.”

    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.

    Proposed Project Development Plan

    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.

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    Osino Provides Update on DFS for Twin Hills Gold Project, Namibia Highlights Twin Hills Definitive Feasibility Study (“DFS”) results on track for release in mid-June 2023.Lycopodium, DRA and multiple other specialist consultants commenced work on the DFS in Oct. 2022. The DFS is based on an updated …