Orsu Metals (TSXV:OSU) is gold company advancing 90 percent owned Sergeevskoe gold project in Russia.
The property sits between past-producing Klyuchi gold mine (5.5 Moz resource) and producing Aleksandrovskoe gold mine (2.2Moz resource). Orsu completed 17,500 meters of drilling since acquisition and will announce a significant maiden 43-101 resource in January 2019 of 1.8M-2.5M ounces. Preliminary Economic Assessment will be out in Q1 2019.
Orsu is led by a management team that created billions of dollars of value and holds 35 percent of the shares.
The company has low exploration cost: US$2-3/oz. In 2019 Orsu expects to move to pilot (semi-commercial) mining of ores.
Sergei Stefanovich – Managing Director
Sergei Stefanovich, Russian, Managing Director
Background in mining, corporate finance, strategy and business development in Russia and FSU: managed a $US100M public equity mining fund, worked as Director of Strategy and M&A for Norilsk Nickel and served as a Board member of Gold Fields Limited. He received an MBA from IMD, Lausanne, Switzerland. He is also a founding shareholder of Azarga Metals Corp., a TSXV copper-focused company.
Dr Alexander Yakubchuk – Director of Exploration
Dr Alexander Yakubchuk, Russian, Director of Exploration. Worldwide experience. Previously with BHP Minerals and Gold Fields. 3rd prize winner of 2001 Goldcorp Challenge, Canada. Discoveries: 6Moz Au Degdekan Deposit, Magadan, Russia; +4Moz Au at St Ives Gold Camp, W Australia; and +11.7Moz Au eq Taldybulak AuCu-Mo deposit, Kyrgyzstan. FS at 400 Mlb Cu Karchiga VMS. Kazakhstan. PhD, IoMMM.
What is your rationale for attending 121 Mining Investment?
Market support and a raise later this year
What recent news would you like to highlight to investors attending?
Our exploration results are available on the website:
What are your key goals for the next 3, 6 and 12 months?
Maiden resource statement and PEA
Restart drilling campaign targeting 3Moz by 2019E
3Moz + pilot semi-commercial mining
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Gold price and capital markets appetite for investment into gold juniors
In a sentence, what do you think makes your company such a compelling investment?
Great location and endowment, ~2Moz of maiden resource, management and ambition to fast-track the production