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O3 Mining Inc. is please to announce that O3 Mining has filed on SEDAR (www.sedar.com) a Pre-Feasibility Study (“PFS”), in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”), for its 100% owned Marban Engineering project in Val-d’Or Québec, Canada.
The technical report, entitled “NI 43-101 Pre-feasibility Study of the Marban Engineering Project” and dated October 7, 2022 (with an effective date of September 6, 2022), was prepared for O3 Mining by Ausenco Engineering Canada Inc. with the assistance of G Mining Services and WSP Canada (the “Marban PFS”).
Reference should be made to the full text of the Marban PFS for the assumptions, qualifications and limitations relating to the PFS. The Marban PFS is available on SEDAR (www.sedar.com) under O3 Mining’s issuer profile.
The Corporation is please to report there are no material differences between the key results, assumptions and estimates contained in the Marban PFS and O3 Mining’s news release dated September 6, 2022 (entitled “O3 Mining Completes Pre-Feasibility Study For Marban Engineering with Post-Tax NPV of C$463 Million, Unlevered IRR of 23.3% and Annual Production Of Over 160Koz Gold”).
The scientific and technical information contained in this news release has been reviewed and approved by Mr. Louis Gariépy, P.Geo (OIQ #107538), Vice President Exploration of O3 Mining, who is a “qualified person” within the meaning of NI 43-101.
O3 Mining Inc., an Osisko Group company, is a gold explorer and mine developer on the road to produce from its highly prospective gold camps in Québec, Canada. O3 Mining benefits from the support, previous mine-building success, and expertise of the Osisko team as it grows towards being a gold producer with several multi-million-ounce deposits in Québec.
O3 Mining is well-capitalized and owns a 100% interest in all its properties (66,000 hectares) in Québec. O3 Mining trades on the TSX Venture Exchange (TSXV: OIII) and OTC Markets. The Corporation is focused on delivering superior returns to its shareholders and long-term benefits to its stakeholders. Further information can be found on our website at https://o3mining.com
