Orsu Metals Corp (ORSUF)

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NEWS TODAY:
Orsu Announces Positive Definitive Feasibility Study for the Karchiga VMS Copper Project in Kazakhstan


Orsu Metals Corporation (TSX:OSU)(AIM:OSU) -

Highlights:



-- Post-tax NPV7.5 of US$150 million, IRR of 30% (based on price of
US$3.25/lb Cu);
-- Initial capital expenditure of US$115 million;
-- Payback period of 2.75 years (on initial capital expenditure);
-- 11.5 years mine production of 149kt (328 Mlb) payable copper:
-- average annual production of 13kt (28.6 Mlb) of copper from sulphide
and oxide ore;
-- at a processing rate of 750,000 tonnes of sulphide ore per annum, a
total of 136.3kt (300 Mlb) of copper in 27.9% concentrate;
-- at a heap leach processing rate of 360,000 tonnes of oxide ore per
annum (over 4.5 years), a total of 12.7kt (27.9 Mlb) of cathode
copper;
-- Life of mine cash operating cost (pre tax) of US$1.47/lb Cu;
-- Net smelter revenue over the life of mine of US$971 million.