Osino Resources is Fast-tracking the Twin Hills Gold Project towards Production with CEO Heye Daun
Osino Resources (TSXV:OSI – OTC:OSIIF – FSE:R2R1) is fast-tracking the Twin Hills gold project towards production explains CEO Heye Daun. The company is currently cashing up its treasury with an upsized private placement of C$10mm with strategic and accredited investors to insure they end the year with a strong balance sheet. Osino has recently had up to 10 drills turning at it Twin Hills project in Namibia and thus there will be numerous assay results released over the next two months. There will be an upgraded resource estimate published in Q1. Osino is quickly progressing the technical studies needed for a feasibility study as well as working with the Namibian government on its mining license.
Osino recently issued a maiden PEA on its flagship Twin Hills Gold project in Namibia. The project has a Net Present Value (“NPV”) of US$579 million (pre-tax) and US$377 million (after-tax) at a 5% discount rate with a respective after-tax payback period of 2.3 years and internal rate of return (“IRR”) of 38%, using a base gold price of US$1,700/oz. Also, since the PEA was published Osino has released more infill and expansion drill results which demonstrate the deposit is expanding and possibly looking even more economic than the numbers set forth in the PEA. See the press release links below for more information.
Sprott Equity Research Osino C$2.75 buy target
Osino Announces Strategic $5.5 Million Private Placement From Key Shareholders
Osino Announces Upsizing of Previously Announced Private Placement
