Orsu Metals Corporation
Overview of Operations
Orsu Metals Corporation is currently preparing for the construction of a mine and processing facility for its 94.75%-owned Karchiga copper deposit in the Rudny Altai belt in Kazakhstan, which is subject to financing.
In addition Orsu currently has an exclusive agreement, ending in September 2013, to jointly explore a licence area of approximately 5,500km2 in Eastern Kazakhstan (the “Balkhash Project”). It is host to a 30km long Dzharyk-Taisogan cluster of copper-polymetallic occurrences. This agreement provides Orsu with the right to acquire an effective 55% interest, subject to the effective transfer of the licence.
The Company also holds exploration licenses for the Akdjol-Tokhtazan gold project (100% owned) in the Tien Shan gold belt in the Kyrgyz Republic. The project is currently held for sale.