London-based exploration company Orsu Metals has appointed a new chief financial officer. Kevin Denham has replaced Petro Mychalkiw who stepped down to pursue other interests. He is a fellow of the England and Wales Institute of Chartered Accountants and has last worked as a partner at Baker Tilly Chartered Accountants, specializing in transaction services.
Orsu’s executive chairman Dr Sergey V Kurzin says, “We are pleased that Mr Denham agreed to join Orsu. His excellent corporate finance experience will strengthen the company’s senior management team at the crucial stages of debt financing and construction of the Karchiga project in Kazakhstan. We thank Mr Mychalkiw for his past contributions and support.”
The Karchiga copper project has an indicated mineral resource of 10.8 million tonnes of combined sulphide and oxide mineralization, with an average grade of 1.73% copper for 187,200 tonnes of contained copper. The project is covered by a 47.3sqkm licence along the Rudny Altai polymetallic belt in east Kazakhstan. The volcanogenic massive sulphide-style of mineralization at Karchiga’s two lodes have a strike length in excess of 1km and have been intersected down to depths of 200 metres.