+27 71 448 3496

Osino Resources adds lithium to its gold basket

Share Article
Exploration drilling results in the area around the town of Karibib in Namibia continues to deliver spectacular results. The Omaruru lithium project is the latest in a list of sites showing great potential. Image credit: Leon Louw for WhyAfrica

Osino Resources adds lithium to its gold basket

Early drilling results at Osino Resources’ and Prospect Resources’ Omaruru Lithium Project close to Karibib in Namibia, indicates that Osino could be developing a second mine on the Damara Belt in the not-too-distant future.

TSX listed Osino is developing the Twin Hills mine which is expected to deliver first gold within the next few years.

The company is also the majority shareholder in the Omaruru Lithium Project after entering into an Earn-In and shareholders agreement with Prospect Resources in 2022 whereby Prospect can earn up to 51% and potentially up to 85% interest in the project.

Omaruru is located 20km southeast of Twin Hills.

Located east of Karibib and spanning 175km2, Omaruru is situated near several historical and current lithium mining operations, including Lepidico’s Karibib Lithium Project, which is located about 10km to the southwest.

Omaruru is accessible by road from the sealed B2 National Highway which links the capital Windhoek, 130km the southeast, to the port at Walvis Bay, about 240km further southwest.

Upside of the Karibib Pegmatite Belt (Osino Resources adds lithium to its gold basket)

According to Heye Daun, Osino’s President and CEO, Omaruru contains more than 65 known and mostly zoned pegmatites which belong to the Lithium-Caesium-Tantalum (LCT) family of rare-element pegmatites.

“These pegmatites occur within an area known as the Karibib Pegmatite Belt, one of five major pegmatite districts in the Damara Belt”.

“A number of pegmatites within the Karibib Pegmatite Belt have produced lithium in the past, including Lepidico’s Karibib Lithium Project which is focused on the Rubicon and Helikon pegmatites,” says Daun.

Historically, small-scale production from the Karlsbrunn and Brockmans pegmatites located on the project produced lithium minerals (mainly lepidolite, petalite, amblygonite and spodumene), as well as beryl.

Exploration in the vicinity of the Omaruru project has generally been for gold, and companies such as Anglo American and Helio Resources Corp. explored the area intermittently prior to 2015.

Osino undertook an initial evaluation of the lithium potential of the Omaruru project from 2019-2021. This work included mapping, rock grab sampling and a 16-hole (1,942m) RC drill program in 2020.

Exposure to a growing scope (Osino Resources adds lithium to its gold basket)
The drilling highlighted remaining potential at the Karlsbrunn pegmatite in particular, with a number of intersections of 5m or more at grades in the range of 1-1.2% of Li2O. Other drilling and surface sampling indicated lithium mineralisation associated with most of the other pegmatites on the 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 USD378-million 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,” says Daun.

Osino Resources adds lithium to its gold basket 

WhyAfrica provides on the ground information and business intelligence about the sustainable utilisation and extraction of natural resources in Africa, and can assist your company through:  

  1. Membership:
  • WhyAfrica’s membership offers great business insights to you, your company, and clients.
  • Amongst many other benefits, we will publish editorial content about you or your company on the WhyAfrica online platform and on all WhyAfrica’s social media pages – the annual fee is R5,500 and you can find out more or subscribe here: https://www.whyafrica.co.za/product/membership/ 
  1. Sponsorship:
  • WhyAfrica’s annual 45-day African Road Trip takes place in July and August. We will visit more than 30 project sites and this year we plan to visit the Limpopo Province of South Africa, Zimbabwe or Botswana, Zambia, Malawi, Tanzania, and Kenya. Sponsoring the Road Trip, or to be a WhyAfrica member, gives you unparalleled insight into the business environment of the countries that we travel to and the project sites we visit.
  • To be a member or sponsor allows you access to invaluable, on the ground, business intelligence and a great marketing opportunity for all companies doing business in Africa.
  • The main aim of our Road Trips is to promote Africa as an investment destination and to showcase Africa’s greatest companies, and projects to our large global audience, which includes a list of potential investors, venture capitalists and serial entrepreneurs.
  • To view the photos of last year’s Southern Africa Road Trip click on the gallery link or follow our Instagram account at why.africa https://www.whyafrica.co.za/road-trips/whyafrica-road-trips/. 
  1. Advertising:
  • We publish daily online articles on our WhyAfrica platform and post them on social media every day. Our combined online reach is more than 45,000. In-article banner ads are highly successful advertising tools as is advertising space on our website.
  • In addition to our bi-weekly newsletters, we publish two printed- and two interactive digital magazines per year. The printed magazines are distributed at major events and conferences throughout the year, and also on our WhyAfrica Road trips.
  • Digital magazines are e-mailed to all our subscribers and shared on our social media platforms. A copy of the latest edition is automatically attached to all our outgoing e-mails.
  • WhyAfrica magazines provide great marketing opportunities. There are also in-article and on-line advertising opportunities at exceptional rates. Contact me for more information on leon@whyafrica.co.za or give me a call.
  • To subscribe to WhyAfrica’s free newsletters and magazines click on the link and register: https://www.whyafrica.co.za/subscribe/  
  1. 4. Partnerships
  • Maximise your African exposure and link with our large business network through becoming one of only 10 WhyAfrica partners. We have only five prime partnership positions left for 2023, so contact me at leon@whyafrica.co.za before the end of March to get the best deal.

Osino Resources adds lithium to its gold basket

Share Article


AgricultureEnvironmental Management & Climate ChangeEnergyESGInfrastructureMiningPolitical EconomyTourism and ConservationWater Management