Osino Resources Corp (Osino), which is currently developing the Twin Hills mining project in Namibia, is preparing to dual list on the Namibian Stock Exchange (NSX), The Brief can exclusively reveal.
Osino holds a number of exploration projects in Namibia, with the most significant being the Twin Hills Gold Project which is being fast tracked to development.Â
Unlike many other Namibian dual listings, the Osino listing is effectively a listing of exclusively Namibian assets, with a Namibian founder, where initial exploration capital was raised in Canada.Â
Now that Osino’s primary asset is fast advancing to become a mine, the NSX listing provides an opportunity for Namibians to become shareholders in the project from an early, but highly de-risked phase.
Based on the results of its definitive feasibility study (DFS) released in June, Osino is required to invest N$6.8 billion (US$365 million) into the development of its Twin Hills mining project.Â
The company anticipates the mine to begin production in late 2025 or early 2026. The mine, with a projected lifespan of 13 years and a designed processing capacity of five million tonnes per annum, is expected to yield a Net Present Value (NPV) of N$13.8 billion (US$742 million) pre-tax at a US$1750/oz gold price, and N$8.9 billion (US$480 million) post-tax at the same gold price.Â
Osino Resources has received provisional confirmation from the Ministry of Mines and Energy for a 20-year mining license for its Twin Hills gold project. It anticipates providing employment for approximately 750 individuals at the mine.Â
Cirrus Securities is the sponsor of Osino on the Namibia Stock Exchange.Â
The listing comes as another miner, Andrada Mining (formerly AfriTin Mining) secondary listing on the NSX in March last year.
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