Orezone Announces Life-of-Mine Plan for Casa Berardi Operations


Forward looking statements in this news release include, but are not limited to, statements regarding: the Casa Berardi Life-of-Mine plan, including the anticipated mine life, production profile, gold production, head grades, recovery rates, throughput, mining rates, operating costs, AISC, capital expenditures, cash flows and net present value; the timing and sequencing of underground and open pit mining; the re-establishment of historical underground production rates; the continuation of operations at the West Mine and the recommencement of operations at the East Mine; planned underground development, waste stripping, equipment purchases and contractor activities; the timing and receipt of required permits and approvals, including those relating to the F134 and F160 pits and the Principal and WMCP pits and associated infrastructure; the capacity and future use of the tailings storage facility and exhausted open pits for tailings deposition; the potential benefits of operational improvements, increased mill throughput, improved recoveries and grade control; the timing, scope and results of exploration and drilling programs, including the planned ramp-up to 100,000 metres of drilling annually; the potential to expand mineral resources, discover new zones, delineate higher-grade underground mineralization, add mineralized material to future mine plans, increase production and reduce costs; and the timing of the preliminary economic assessment for Heva-Hosco.



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