Oxus Gold plc, together with its subsidiaries is a mineral exploration and development group that is focused on precious and base metal opportunities in Central Asia. Oxus group (Oxus), which was established in 1996. Oxus is developing the Amantaytau gold mine in Uzbekistan. The company has also started a feasibility study for the Amantaytau sulphide mining project which has a current resource of 7.15 Mt at an average grade of 11.7g/t. Oxus is completing a final feasibility study on the Jerooy deposit which is expected to produce 180,000 oz/pa gold at a cash cost of US$133/oz, commencing by mid 2005. In addition Oxus holds the Khandiza polymetallic project in Uzbekistan with a reported resource of 6.9 Mt at a 26% zinc equivalent grade. Oxus is intending to develop this resource and to be in production by 2005. Amantaytau Goldfields (AGF) Oxus has a 50% interest in and controls the operational management of the AGF project. The Amantaytau gold and gold-silver mineral deposits are located within a 192 km exploration area in the Kyzylkum region of central Uzbekistan. The property is situated close to the open pit gold mining complex at Muruntau, which, as one of the largest open pit gold mines in the world, produced 1.8Moz of gold in 2002 and is operated by the State-owned Navoi Mining and Metallurgical Combinat. Khandiza Khandiza is a high-grade zinc, silver, copper and lead deposit located in the Sariasia region of southeast Uzbekistan. The deposit contains a reported resource of 6.9 Mt at a 26% zinc equivalent grade. Significant exploration potential also exists within 6,000 km2 of attached licence areas. In October 2002, Oxus was granted the exclusive rights to develop Khandiza through either a concession agreement or a production sharing agreement, thereby owning the local operating company 100%. Jerooy Jerooy is the largest known unexploited gold deposit within the Kyrgyz Republic and is located in the north-central part of the country, some 190 km from the capital Bishkek and 40 km southeast of the provincial capital of Talas. Oxus, through its subsidiary, Norox, holds a 66.67% interest in the project.
oxus gold plc
(OXS:London Stock Exchange)
42 Upper Berkeley Street
London, W1H 5QJ
Phone: 44 20 7907 2000
Fax: 44 20 7907 2001www.oxusgold.co.uk
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