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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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