Progress at the Cariboo Project
Osisko Development recently announced positive results from large-scale tests on ore sorting at the Cariboo Gold Project in British Columbia. The tests were conducted on a large tonnage sample of mineralized material and show that gold recovery and the upgrade ratio align with the assumptions of the 2025 feasibility study. Notably, about 76% of the gold contained in the test sample falls into the fine fraction (<10 mm). This underscores the potential for efficient processing and suggests possible optimization of the flowsheet.
Work on further optimization – including a variability study to refine the assumptions for the entire deposit – is to be completed as part of the detailed planning. These advancements are an important step towards production commencement and could further enhance the project.
Impact on Market Position and Investors
The positive test results not only strengthen confidence in the technical feasibility of the project but also its economic potential. The announcement of higher price targets reflects this positive momentum and signals analyst confidence in the further development of Osisko Development.
For private investors and retail investors, this means:
- Attractive Growth Potential: The successful advancement of Cariboo increases the likelihood of future production with high efficiency.
- Positive Signals from the Market: Higher price targets suggest that analysts expect an upward movement in stock prices.
- Risk Minimization through Technical Confirmation: The alignment of test results with the feasibility study assumptions reduces uncertainties regarding project risks.
Summary
Osisko Development is currently benefiting from significant progress at the Cariboo Gold Project. The positive results from large-scale ore sorting tests not only confirm technical assumptions but also open up opportunities for further optimization. This strengthens both investor confidence and interest – especially in light of announced higher price targets. For private investors, this presents an interesting entry scenario with growth opportunities while simultaneously reducing project risks.