OSISKO MINING, DAVID ERFLE ARTICLE 2020-09-11
Osisko Mining Inc. (OSK.TO): Osisko Mining’s principal asset is the world class and 100% owned Windfall Gold Project in the Abitibi greenstone belt, Québec, Canada, the Frasier Institute’s 4th most attractive mining jurisdiction in the world. An August 2018 Preliminary Economic Assessment (PEA), based on a May 2018 resource at $1300 gold, showed an after-tax rate of return at 32.7% with an average head grade of 6.7 g/pt au. An April 2020 updated NI43-101 resource estimate showed an Indicated Resource of 1.21 Moz (4.127 Mt at 9.1 g/t Au) and an Inferred Resource of 3.94 Moz (14.532 Mt at 8.4 g/t Au). The company has drilled over 1M meters on the project to date, and an additional 300,000m of drilling with 20 rigs is on-going at Windfall during 2020. The completion of resource drilling for a Feasibility Study by Q4 2021 is a priority and Osisko is well financed with C$320M in the treasury and C$500M fully diluted, with no debt.