| Announcement Date: | 2022-11-28 |
|---|---|
| Announcement Type: | Feasibility Study |
| Announcement Code: | NI43-101 |
| Company name: | Osisko Mining Inc. |
| Project name: | Windfall |
| Location: | Canada |
| Commodities: | Gold |
| Highlight: | Feasibility Study result incl. Post Tax NPV (5%) of CAD $1168.4M & IRR of 33.8% |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | (Toronto, November 28, 2022) Osisko Mining Inc. (OSK:TSX. “Osisko” or the “Corporation”) is pleased to provide the results of its independent feasibility study (“FS”) prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-10”) on its 100% owned Windfall gold project (“Windfall”, or the “project”) located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Québec. Windfall is situated on the traditional lands of the Cree First Nation of Waswanipi (“CFNW”). The FS provides a robust base case assessment for developing Windfall as an underground dual rampaccess mine with a central processing mill on site, and reflects drill results available as of June 7, 2022, as included in the Windfall MRE (2022) (as defined herein). Osisko has begun detailed engineering work on the project, and is progressing towards delivering the Environmental Impact Assessment (the “EIA”) study in Q1 2023 and initiating the mine permitting process. |
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