Development Projects

The Twin Hills Gold Project is located within Namibia’s prospective Damara Orogenic Belt, in proximity to and along strike of the producing, open-pit Navachab and Otjikoto gold mines.

Twin Hills is a sedimentary-hosted, structurally controlled gold deposit that fits the broad orogenic lode gold model and is amenable to conventional open-pit gold mining and carbon-in-leach metallurgical processing.

In September 2022 a prefeasibility study (“PFS”) was prepared by Lycopodium Minerals Canada (“Lycopodium”) in accordance with National Instrument 43-101—Standards of Disclosure for Mineral Projects (“NI 43-101”) and contemplates a low-risk, technically simple open-pit mine utilizing contract mining and feeding a conventional carbon-in-leach (“CIL”) metallurgical plant processing 5 million tonnes of mineralized material per annum.

 The Ondundu Project has a long history of mining and exploration, dating back to the first Europeans to note gold in the area in 1917. Between 1922 and 1964, it was reported that a significant amount of gold was recovered by small scale miners on various mining claims in what is now known as the Ondundu Main Zone (OMZ). Gold was recovered from alluvial, eluvial and shallow oxidised gold bearing rocks. The project has been extensively drilled by various operators, most recently by B2Gold Corp. who completed extensive exploration and drilled 119 diamond drillholes (24,490m) and 3 RC holes (564m) on the OMZ and Margarethental North areas during the period 2015 until 2021. On 6 January 2022, Osino Resources Corp. announced the acquisition of the Ondundu Gold Project from B2Gold Corp.. Osino completed the acquisition of Ondundu from B2Gold on July 21, 2022.