Osino Resources
Financials:
Primary ticker: TSXV:OSI
Stage of development: Exploration, Development
Primary minerals: Gold
Project to promote: Twin Hill Gold Project
Project location: Namibia, Africa
Website: www.osinoresources.com
Osino is a Canadian gold exploration and development company focused on the fast-tracked development of our Twin Hills Gold Project (“Twin Hills”) in central Namibia. Twin Hills is at an advanced stage of exploration and development with more than 220,000m of drilling completed on the project since its grassroots discovery by Osino with various advanced development studies underway.
Osino has a large ground position of approximately 6,900km2 located within Namibia’s prospective Damara sedimentary mineral belt, mostly in proximity to and along strike of the producing Navachab and Otjikoto Gold Mines. The Company is actively exploring a range of gold prospects and targets along the belt by utilizing a portfolio approach geared towards discovery, targeting gold mineralization that fits the broad orogenic gold model.
Our core projects are favorably located north and north-west of Namibia’s capital city Windhoek. By virtue of their location, the projects benefit significantly from Namibia’s well-established infrastructure with paved highways, railway, power and water in close proximity. Namibia is mining-friendly and lauded as one of the continent’s most politically and socially stable jurisdictions. Osino continues to evaluate new ground with a view to expanding our Namibian portfolio.
Cash: ~CAD$14M
Major shareholders:
Founders
Ross Beaty
Management Ownership – 40%
Management Profile
The born and bred Namibian mining engineer has an impressive 25 year track record with top-tier companies across the mining value chain, and knows the African continent like the back of his hand. After building and operating mines with Rio Tinto, AngloGold-Ashanti and Gold Fields early in his career, he joined the finance sector working for Nedbank Capital and Old Mutual Investment Group.
Heye is the co-founder of the former Auryx Gold Corp. which advanced the Otjikoto gold project in Namibia until selling to B2 Gold Corp for US$160m in 2011. As the former President & CEO of Ecuador Gold & Copper Corp. (“EGX”), Heye was instrumental in the formation of Lumina Gold Corp. through the C$200m merger of EGX with Odin Mining, before founding Osino Resources in 2015 with Alan Friedman.
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What recent news would you like to highlight to investors attending?
Dec 15 – Osino Adds New, Large 2681km² License Package and Hosts Proprietary Geochemical Orientation Program at Twin Hills Gold Project
Dec 12 – Osino Announces Filing of Mineral Resource Estimate Technical Report for Ondundo Gold Project
Dec 9 – Osino Announces Closing of Oversubscribed Private Placement
Nov 8 – Osino Secures Interim Credit Facility from Nebari to Complete Land Acquisition in Namibia Ahead of Project Financing
Oct 27 – Osino Significantly Increases Size of Total Gold Resource; Adds 0.9 Moz Inferred Mineral Resource From Ondundu Gold Project, Namibia
Sept 20 – Osino Announces Filing of Pre-feasibility Study Technical Report for Its Twin Hills Gold Project, Namibia