Member Company Profile

Orsu Metals

OSU:CN


Gold Price: $1,499.90|Silver Price: $17.05|Platinum Price: $845.00|Palladium Price: $1,464.00|Gold:Silver: 88.0


European Gold Forum 2019

  Webcast|Presentation: April 11, 2019, 11:20 AM (CEST)|Presenter: Alexander Yakubchuk, Director of Exploration


Status: Developer|Primary Mineral: Gold|Primary Country of Operation: Russian Federation


Last Updated: February 14, 2019

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IR Contact

sergei stefanovich
+79037901702
[email protected]
https://www.orsumetals.com

Address

Unit 1 – 15782 Marine Drive
White Rock, BC V4B 1E6
Canada

Cautionary Information

© Copyright 2019, Denver Gold Group & Orsu Metals.
Although every care has been taken to ensure that this data is accurate, Denver Gold Group cannot accept responsibility for sourcing variances, mistakes, errors or omissions or for any action taken in reliance thereon. Use of this data is governed by Denver Gold Group's Terms of Use.

Safe Harbor Statement

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Orsu Metals Corp. (TSXV:OSU) is a mineral exploration and development company advancing a 90 percent owned Sergeevskoe gold project in Russia’s Transbaikalian Region.
The company recently announced a maiden 43-101 resource of XXX tons at XXX g/t for XXX ounces of gold.
The initial metallurgical studies demonstrate:
• Up to 95% recoveries of gold via cyanidation for oxide samples; and
• up to 89% recovery from initial metallurgical tests on primary sulphide material at the Klyuchi West zone
The Sergeevskoe license area is comprised of 7.6 square kilometers and has excellent access to the infrastructure needed to develop the property. The licensed area is in proximity to the Trans-Siberian railway and the Chita-Khabarovsk motorway.
The property sits between Sun Gold Ltd.’s past-producing Kluchi gold mine (owned by China National Gold) and producing Aleksandrovskoe gold mine (owned by Zapadnaya Gold Mining Limited). The two past-producing mines have reported resources over 5.5 million ounces and 2.2 million ounces gold, respectively.
Orsu Metals is led by an experienced management team that has worked on various exploration projects in Russia and internationally. The management and insiders own over 50% of the company and are fully aligned with the success of the project.
Orsu is funded through the end of 2019 and the company is run on a shoestring in terms of G&A, money goes into the project.
The company delivers gold resources at a very low exploration cost: Orsu will have spent US$X per discovered ounce.
The Company’s strategy for 2019:
• Orsu intends to complete a PEA in April-May 2019 and will target expansion of the resource to and above 3Moz in 2019.
• In 2019 Orsu Metals also expects to define reserves and resources (Russian-style GKZ resource (C1+C2)) and immediately move to pilot (semi-commercial) mining of ores.
• The Company intends to do a limited capital raise of US$4M in May-June this year to fund 2019 exploration program.

Corporate Materials
Value Drivers
  • significant maiden resource with large further upside
  • strategically placed between two mines and two established operators with synergistic effect between all three properties
  • PEA expected shortly, a clear path to semi-commercial mining in late 2019, minimal dilution to shareholders expected
Top Shareholders
  • Sergei Stefanovich
  • Olympia Capital Management
  • Gold Fields Limited
Management
Chairman: Dr. Sergey Kurzin
Managing Director: Sergei Stefanovich
Director of Exploration: Alexander Yakubchuk
More Detail
Capital Structure
Common Shares Outstanding: 36,072,771
Float (%): 43.00
Options Outstanding: 3,325,000
Fully Diluted Shares: 39,397,771

IR Contact

sergei stefanovich
+79037901702
[email protected]
https://www.orsumetals.com

Address

Unit 1 – 15782 Marine Drive
White Rock, BC V4B 1E6
Canada

Cautionary Information

© Copyright 2019, Denver Gold Group & Orsu Metals.
Although every care has been taken to ensure that this data is accurate, Denver Gold Group cannot accept responsibility for sourcing variances, mistakes, errors or omissions or for any action taken in reliance thereon. Use of this data is governed by Denver Gold Group's Terms of Use.

Safe Harbor Statement

Read