Osino Resources

A very quick & dirty recap of a 22 minute call with Heye Daun, CEO at Osino resources (TSX-V:OSI)

Disclaimer: My interpretations & wording of the conversation. Not reviewed by the company. I own shares and am biased.

• Recent news – Osino Resources Drills 92m at 1.40 G/T and 37m at 2.58 G/T, Increases Strike By 50% at Twin Hills Central Discovery, Karibib Gold Project, Namibia.
  • Happy with results
  • Clear vector of higher grade shoot
  • Warrants aggressive follow-up
• Finance
  • No immediate need
  • After all results
  • In regular discussion with the main majors in W-Africa
  • Strategic? Not always the best option although the market likes the ‘validation’ aspect, Heye is more inclined to stay single. It will depend on the market in the end

• Drilling: End of march the drilling will restart
  • Filling in all around red dots (high grade zones)+ infill drilling
  • Ideally: 6 months with 4 rigs spread over two programs (50x100m grid, 50-100 holes, 20.000m, phase 3 & 4)
  • Internal ambitious target: RE end of 2020

• Site visit coming – could be the trigger for a finance

Heye Daun is the ultimate case study of the guy you want to back

Smart, technical (mining eng), major experience (Rio, Anglo, Gold Fields), done it before (sold to B2), local cred (born and bred Namabian)

Regret I didn’t buy more between 0.30-0.50

— Michael Horner (@michaelbhorner) January 10, 2020

• Ross Beaty’s feedback (18% Shareholder)
  • Happy & excited
  • Genuine discovery
  • Involved for personal reasons – Backing mgmt

• New District (Etekero & Otjikoto East) – NR in the next weeks

• Other assays (barking Dog, TH West, etc.) – NR in next weeks

• Navachab Mine: Mine in the proximity – build on 800k ounces resource in the eighties. Kept expanding it. Today 30y later: 2M ounces produced, 4-6M in resource. Tend to be big systems.

• Australian geo expert invited to visit site in 2,3 months to analyse/review structure (third party confirmation/challenge)

• Rainy season (Nov-April)
  • Non-issue
  • Drilling cost only: 40$/m RC & 100$/m DD (add +50% for assaying)

Cheers, Pete

• Tungsten – A retail starter pack
• Using AI in a mining speculator’s world
• Junior Mining spoilers series
• Niobium – A retail starters pack
• Lithium supply – A retail starters pack