Osino Resources Corp., a gold exploration and development company headquartered in Canada, has successfully acquired all surface rights for its Twin Hills Gold Project in Namibia, following the purchase of two farms encompassing the mining area and associated plant infrastructure for a total consideration of 8.8 million Canadian dollars ($6.4 million). Owning these strategic surface rights enhances the company's security of tenure, expedites the construction permitting process, and simplifies access to utilities. This milestone aligns with Osino's commitment to replicate successful land ownership strategies in line with industry practices.
Osino Resources Corp. is dedicated to advancing its Twin Hills Gold Project in central Namibia. The project boasts a thirteen-year mine life with an average annual gold production of over 169,000 ounces. Situated within Namibia's promising Damara sedimentary mineral belt, Osino leverages its extensive ground position to explore various gold prospects, benefiting from the region's well-established infrastructure and political stability. This acquisition solidifies Osino's position in the fast-paced gold development sector.