Osisko Development Provides Bulk Sample and Underground Development Progress Update at Cariboo Gold Project

Core Viewpoint - Osisko Development Corp. has made significant progress in its Cariboo Gold Project, completing underground development and preparing for a bulk sample extraction, which is expected to support an optimized feasibility study in 2025 [1][3][4]. Group 1: Project Development - The company has completed 100% of the underground development, totaling approximately 1,172 meters, to access the target area for the bulk sample in the Lowhee Zone [2]. - Preparations are in the final stages to extract 10,000 metric tonnes of mineralized material, with blasting and extraction expected to be completed in the coming weeks [3]. - The bulk sample results are anticipated in Q1 2025, which will support ongoing work on the optimized feasibility study expected to be completed in Q2 2025 [3]. Group 2: Technical Insights - The team has reached the heart of the orebody in the Lowhee Zone and is receiving preliminary visual confirmation of the geology [4]. - The extracted bulk sample will undergo ore sorter testing at Tomra's facility in Saskatoon, Saskatchewan, which will provide valuable grade reconciliation data relative to the resource model [4]. - These efforts are expected to significantly derisk the project from a technical standpoint as the company progresses towards securing a fully funded financing solution [4]. Group 3: Company Overview - Osisko Development Corp. is focused on becoming an intermediate gold producer by advancing its 100%-owned Cariboo Gold Project and other projects in mining-friendly jurisdictions [9]. - The company's strategy includes developing long-life, socially and environmentally sustainable mining assets while minimizing exposure to development risk [9].