Orsu Metals Corporation is a mineral exploration and development company. The 90% owned Sergeevskoe gold project located in the Mogocha District of the Zabaikal’skiy Region of the Russian Federation is the focus of Orsu’s activities. On October 11, 2017, Orsu completed the sale of its 94.75% interest in the Karchiga, Kazakhstan project for proceeds of US$ 6 million. Orsu is exploring and developing a new and exciting project Sergeevskoe and expects to deliver a maiden JORC resource and a scoping study by Q4 2018. Orsu expects 2-2.5 million oz of gold at 1.5-2 g/t in its maiden statement and further blue sky potential is imminent. Sergeevskoe promises to be a large open pit resource with good grades located in an excellent infrastructural area and shares a license border with 5.5Moz deposit Kluchevskoe acquired recently by China National Gold. Orsu is investigating options to begin small scale mining in 2019 to begin generating cash flows out of Sergeevskoe. The discovery cost per ounce looks excellent at expected US$2/oz vis-à-vis industry-wide range of US$20-40/oz. The company is funded for 2018 and 1H 2019. The management owns a big chunk of the company and is fully aligned with its shareholders.

https://www.orsumetals.com/
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