Osino Resources announces phase 1 drilling results at Omaruru Lithium Project

Osino Resources provides an update on its majority-owned Omaruru Lithium Project in central Namibia following the completion of a Phase 1 Reverse Circulation drill program by Prospect Resources Limited. Osino entered into an Earn-In and Shareholder Agreement with Prospect in Q4 2022 whereby Prospect can earn up to 51% and potentially up to 85% interest in the Project. Heye Daun, Osino’s President and CEO, commented: "We are excited to receive excellent results generated by Prospect Resources’ team at the Omaruru Lithium Project. The Phase 1 drilling results confirm and expand the success of the early exploration and drilling programs completed by Osino between 2019-2021 and set the stage for a significant, maiden JORC-compliant resource to be delineated at Omaruru later this year. Prospect is a world-class group with a track record for exploring and developing African lithium projects, evidenced by the team’s previous success selling the Arcadia lithium project in Zimbabwe for approximately US$378M cash in 2022. Our Earn-In agreement provides Osino shareholders with continued exposure to the growing scope and excellent upside potential of the Omaruru Lithium Project."