4 November 2024
(Montreal, November 4, 2024) Osisko Metals Incorporated (the “Company” or “Osisko Metals”) (TSX-V: OM; OTCQX: OMZNF; FRANKFURT: 0B51) is pleased to announce that the Pine Point Mining Limited (“PPML”) Feasibility Study (“FS”) is now fully underway, with an expected completion date in Q2 2025.
Since early 2023, PPML has engaged with its key technical and strategic advisors to optimize the 2022 Preliminary Economic Assessment Update (‘’PEA’’). The objective was to complete Definition Studies to compare key concepts, otherwise known as trade-off studies, typically performed during the Pre-Feasibility study stage.
Since November of 2023, PPML and the team have conducted and thoroughly analyzed various technical trade-off studies to better define the FS final design concept. In Q3 2024, PPML’s Board of Directors approved the company’s final design concept to be developed in the FS. The FS will use the Mineral Resource Estimate announced on June 25th, 2024, that reported 49.5MT of Indicated Mineral Resources Grading 5.52% ZnEq and 8.3Mt of Inferred Mineral Resources Grading 5.64% ZnEq (see note below under “About Osisko Metals”).