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.