Pine Point Mining Camp

Osisko Metals’ premier zinc and lead mining location, Pine Point Mine, is on the south shore of Great Slave Lake in Canada’s Northwest Territories, between Hay River to the west and Fort Resolution to the east. The mine is near infrastructure, paved highway access, and has 100 kilometres of viable haulage roads already in place.

The Pine Point Project has a high potential for mineral resource expansion. Osisko is nearing completion of the 2022 PEA Update that will include updated commodity prices and reduced dewatering costs. The 2020 Pine Point PEA has indicated an after-tax NPV of $500M and an IRR of 29.6%.

The Pine Point Project 2020 PEA is based on current Mineral Resource Estimates that are amenable to open pit and shallow underground mining and consist of 12.9Mt grading 6.29% ZnEq of Indicated Mineral Resources and 37.6Mt grading 6.80% ZnEq of Inferred Mineral Resources.