Announcement Date: 2022-05-24
Announcement Type: PEA
Announcement Code: NI43-101
Company name: Osisko Development Corp.
Project name: Cariboo Gold Project
Location: Canada
Commodities: Gold
Highlight: PEA results incl. post-tax NPV (5%) of C$763.8M & IRR of 21.4%
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: This NI 43-101 Technical Report Preliminary Economic Assessment for the Cariboo Gold Project (“the Report”) Report was prepared and compiled by BBA Engineering Ltd. (“BBA”) at the request of Osisko Development Corp. (“ODV”). The Cariboo Gold Project (the “Project”) is an advanced stage gold exploration project located in the historic Wells-Barkerville mining camp, in the District of Wells (“Wells”), British Columbia (“BC”), Canada. The purpose of this Report is to summarize the results of the Preliminary Economic Assessment (“PEA”) for the Project in accordance with the guidelines of the Canadian Securities Administrators National Instrument 43-101 (“NI 43-101”) and Form 43101F1. This report was prepared based on contributions from several independent consulting firms including, InnovExplo Inc. (“InnovExplo”), SRK Consulting (Canada) Inc. (“SRK”), WSP Canada Inc. (“WSP”. “WSP-Golder”), BBA Engineering Ltd. (“BBA”), Falkirk Environmental Consultants Ltd. (“Falkirk”), and Klohn Crippen Berger Ltd. (“KCB”). This study provides a base case assessment for developing the Cariboo Gold deposit as an underground mine with a Services Building, including concentrator, located at the Mine Site Complex at Wells and further processing at the Quesnel River (“QR”) QR Mill. The Services Building concentrator
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