While Northern Star will not be a partner in Windfall, Osisko maintains it will continue a cordial and beneficial relationship with the Australian company, which is an important debt holder having advanced a C$154 million convertible senior unsecured debenture due Dec. 1, 2025, with an interest rate of 4.75% per annum.
In January, Osisko released its latest resource estimate for Windfall gives the project a total of 6.8 million oz. gold. Using a gold cut-off grade of 3.5 g/t, Windfall has 9.5 million measured and indicated tonnes, averaging 10.5 g/t gold (3.2 million oz. of gold) and 5.2 g/t silver (1.6 million oz. of silver). The indicated resource is another 13 million tonnes at 8.6 g/t gold (3.6 million oz. of gold) and 4.7 g/t silver (2 million oz. of silver).
Windfall is the largest high-grade gold project with multi-million-ounce resources, based on the latest resource update.
Since that time, the company continues to drill…
