Name of the Project
Twin Hills gold project.

Location
Namibia.

Project Owner/s
Osino Resources Corp.

Project Description
A prefeasibility study (PFS), based on 2.15-million ounces in reserves, has outlined a 13-year mine life with an average production of 169 000 oz/y of gold in the first ten years of operation.

Life-of-mine (LoM) gold production is estimated at 1.98-million ounces.

The project is planned as a multipit mining operation, with seven pushbacks in the Central Twin Hills/Bulge pit design and three separate satellite pits (Clouds, Clouds West and Twin Hills West) to be mined in different phases throughout the LoM.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The project has a pretax net present value, at a 5% discount rate, of $783-million and an internal rate of return of 33%, with a payback of 2.2 years.

Capital Expenditure
The initial capital cost of the project is estimated at $375-million.

Planned Start/End Date
Not stated.

Latest Developments
Osino has initiated engineering studies aimed at optimising the process flowsheet and reflecting potentially significant capital cost savings identified while completing the prefeasibility study.

Osino intends to complete and publish a definitive feasibility study on the Twin Hills project during the second quarter of 2023.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Osino Resources, tel +264 61 246 533.