Osino to start construction at Twin Hills project

Osino Resources Corp plans to start construction of Twin Hills gold mine by the end of this year and go into production towards the end of 2025 or early 2026.

This was said by Osino’s chief executive officer, Heye Daun, when he announced the results of the definitive feasibility study for Twin Hills gold project located in central Namibia.

“We are very pleased with the results of this study which confirms Twin Hills as a technically simple, long-life and low-cost gold project with very strong economics and plenty of upside,” he said, describing Twin Hills as a robust, cash generative project that will deliver outstanding returns to shareholders once it goes into production.

Twin Hills is located within Namibia’s prospective Damara mineral belt.

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

The project, which will have an estimated life of mine of 13 years, lies in proximity to and along strike of the producing, open-pit Navachab and Otjikoto gold mines.

The study states that the mineral resource meets the minimum requirement of reasonable prospects for eventual economic extraction and it is based on geological premises, facts, interpretations and technical information, and used appropriate estimation methods, parameters and criteria for the deposit under consideration.

It is assumed that mining would take place by conventional open-pit methods and that the whole mining operation, except for the mine technical services function, would be outsourced to a reputable mining contracting specialist.

The project’s average power demand has been estimated at about 23m5 MW, and Osino has signed an agreement with the national power utility, NamPower, to connect the planned operation into the high voltage power grid.
– email: matthew@namibian.com.na