11:04 AM EDT, 03/19/2024 (MT Newswires) -- National Bank of Canada noted Monday Osisko Development Corp. (ODV.V)'s updated resource estimate for the Trixie project.

The bank said the updated study "highlights exploration challenges and ODV looking at paths to monetize the 'jewelry box' to create a self-funded exploration program, while reminding of the measurable porphyry potential."

National Bank said Trixie's resources comprised 75% in the measured and indicated category and 25% in the inferred category.

The bank gave Osisko an outperform rating and $6.00 price target, citing the company's cornerstone assets in tier 1 jurisdictions, exploration upside, notably high grades at Tintic and M&A appeal.

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