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OXUS MINING PLC
LONDON STOCK EXCHANGE 

The Oxus group was established in 1996 and listed on the Alternative Investment Market (AIM) in London in 2001.
Oxus’ Amantaytau gold mine in Uzbekistan was built in a record ten months. Having poured first gold in December 2003, the oxides operation is currently ramping up to full production of 190,000 oz/pa at a cash cost of US$106/oz. The company has also started a feasibility study for the Amantaytau sulphide mining project which has a current resource of 7.15Mt at an average grade of 11.7g/t. A drilling programme is planned with the objective of greatly increasing the resources over the year. 
Another advanced business prospect is the Jerooy gold project in Kyrgyzstan which has a total gold resource of 3.45Moz. The feasibility study on the Jerooy deposit was completed in August 2003 and it is expected to produce 180,000 oz/pa gold at a cash cost of US$133/oz, commencing by mid 2005. Pre-construction activities have commenced with the site offices being established and the main access road rebuilt. Financing for the $56.9m pre-production capital expenditure is currently being addressed and it is anticipated that full construction will commence during April 2004.

http://www.oxusgold.co.uk/

 

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