A gold mining company focused on exploration and development projects in Namibia, with its flagship Twin Hills gold project.

Osino Resources Corp.

Osino Resources Corp., together with its subsidiaries, engages in the acquisition, exploration, and development of gold mining properties in Namibia. Its flagship project is the Twin Hills project located in Central Namibia. As of December 31, 2021, it had 14 exploration licenses covering 153,658 hectares located in Namibia. The company is headquartered in Vancouver, Canada.

Osino Resources

Osino Resources Corp. (TSXV: OSI) is a Canadian company, focused on the acquisition and development of gold projects in Namibia. Osino’s Namibian interests comprise eighteen exclusive exploration licenses located within the central zone of Namibia’s prospective Damara belt, mostly in proximity to and along strike of the producing Navachab and Otjikoto Gold Mines. Osino is currently focusing its efforts on developing the flagship Karibib Gold Project and defining new exploration targets in the Otjikoto East area and on our other licenses. The Karibib Gold Project is located approximately 130 km north-west of Namibia’s capital city Windhoek.

By virtue of its 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 its Namibian portfolio.

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Osino provides an update on the Yintai transaction in Namibia.

The Arrangement remains on track and all closing conditions, other than the Namibian Competition Commission approval, have been met. The NCC’s merger review process continues to advance in the ordinary course and, although the NCC unfortunately did not complete its review in time for the June Board meeting, we still expect approval to be received within the timeframe prescribed by the Namibian Competition Act. 

Local counsel has advised that the NCC usually takes 4 to 6 months from date of submission which was April 3, 2024.

Read full release ⤵

With the pending acquisition of Twin Hills by Yintai and Yintai’s commitment to finance the development of the Twin Hills Gold Project, site construction is about to commence. This progress could not have happened without the collective dedication of our skilled, motivated and hard-working team, which embodies the company’s core values and purpose and has laid a solid foundation for transitioning from exploration and development studies, to real mine construction and operations, with a focus on setting the project up for a responsible mining approach.

We are excited to continue our sustainability work with Yintai and we are pleased with the commitment and support shown by Mr. Xingong Ou, President of Yintai Gold, and his own very motivated and capable team, for our responsible mining plan. This reflects our moral duty to society and is a strategic business choice. It provides all Namibians with the assurance that the Project will leave a positive and enduring legacy for the country and its people. - Heye Daun, CEO & President of Osino

Yintai Gold execs in Namibia visit, Osino acquisition expected to be concluded in H1

Osino Resources Corp. (Osino) says its shareholders are scheduled to vote on the company's sale to Chinese mining company, Yintai Gold, in a cash deal valued at N$5.3 billion.

The transaction is expected to close in the first half of 2024.

The announcement by the gold exploration company comes as representatives from Yintai Gold were recently in the country, were they met Prime Minister Saara Kuugongelwa-Amadhila, Finance Minister Iipumbu Shiimi as well as the Namibia Investment Promotion and Development Board (NIPDB) Board CEO and Chairperson, Nangula Nelulu Uaandja.
https://lnkd.in/dqCnZQKv #namibia #gold #mining #investment #acquisition Heye Daun Chamber of Mines Namibia

WEBINAR: Monday, December 18 at 8:00am PT / 11:00am ET 

Join Heye Daun, Founder & CEO of Osino, as he discusses the recent announcement with Dundee Precious Metals. 

DPM will acquire all of the issued and outstanding common shares of Osino, which adds Osino’s high-quality, long-life Twin Hills open pit gold project as well as an extensive exploration portfolio in Namibia to DPM’s existing portfolio of assets.

Register here: https://lnkd.in/gmU75qd3

Excellent slide showing Namibia as a top 5 emerging market growth stories worldwide. If you look at growth in FDI (capex) and growth in FDI projects, Namibia would be somewhere right near the top. FDI spend could be seen as a leading indicator for GDP growth, meaning Namibia should shoot the lights out in the next few years. If you haven’t realised yet, you should keep an eye out on this gem of a country!!!

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