Company Profile

The Oxus Group was established in 1996 and quoted on the Alternative Investment Market (AIM) in London in 2001.

Oxus Gold plc is a UK based international mining group with gold mining interests in Central Asia. Oxus is the joint owner (50/50) with the government of Uzbekistan of Amantaytau Goldfields (AGF) which is developing several mining operations in the Tien Shan gold belt near Zarafshan.

The first mine was constructed and commissioned by Oxus in January 2004 on time and within budget and commercial production began the following month. AGF has since produced more than 270,000 ounces of gold to the end of September 2005 and is now producing at the planned rate of 151,000 onces per annum.




Amantaytau - Jul 2004





Contact details

Oxus Gold plc - Head & Registered Office

Tel: +44 (0)20 7907 2000
Email: enquiries@oxusgold.co.uk

Web: www.oxusgold.co.uk


For Oxus Gold press releases, click HERE

LONDON (AFX) - Oxus Gold PLC said its Amantaytau Goldfields showed a 'significant' rise in gold and silver mineral resources with overall increase in gold of 41,000 ounces compared with last year.

It said mineral resources estimated by geological evidence (or inferred mineral resource) rose by 650,000 oz of gold and 7.79 mln oz of silver, and are planned to be upgraded by further exploration activity.

newsdesk@afxnews.com

pmi/nes

Oxus Gold PLC
30 November 2006


news release

For release: 30 November 2006

Oxus Gold plc

Mineral Resources and Ore Reserves Statement
at 30 June 2006

LONDON: 30 November 2006 - Oxus Gold plc ('Oxus' or the 'Company') is pleased to
state an increase in JORC classified gold and silver Mineral Resources and gold
Ore Reserves at Amantaytau Goldfields and report on its Mineral Resources and
Ore Reserves statement as at the end of the Company's financial year.

The Ore Reserves show an overall increase in gold of 41,000 ounces as compared
to the previous year. Significantly, this is in addition to the 146,937 ounces
of gold mined during the year, hence the Ore Reserve ounces have been
replenished in excess of the rate of mining by the conversion of Mineral
Resources.

Measured plus Indicated Mineral Resources have increased substantially by
743,000 ounces of gold and 14.48 million ounces of silver. This increase
provides a further platform for the Company's growth potential as it continues
to convert resources into reserves for future mining. Inferred Mineral Resources
have also increased substantially by 650,000 ounces of gold and 7.79 million
ounces of silver, and are planned to be upgraded by further exploration
activity.

During the year, 37,196 metres of exploration and development RC drilling, 942
metres of core drilling and 585 metres of trenching was completed on a number of
deposits of the AGF licence area. On the basis of this new information, enhanced
by data entry of Uzbek/Soviet sourced exploration results, resource modelling of
3 gold deposits at AGF has been completed. In addition, satellite based
structural and alteration interpretation of the AGF licence area has defined new
oxide targets. Significantly, Oxus has evaluated a number of deeper sulphide
extensions to the oxide pits and has increased the future growth potential of
the company.

The main Group changes occurred at Amantaytau Goldfields (AGF - 50% Oxus),
where;

Attributable Measured plus Indicated Mineral Resources within the AGF
licence area increased by 743,000 ounces to 2.49 million ounces of gold and
silver increased by 14.48 million ounces to 19.33 million ounces, and
attributable Inferred Resources increased by 650,000 ounces to 1.19 million
ounces of gold and silver increased by 7.79 million ounces to 8.02 million
ounces.
Attributable Ore Reserves within the AGF licence increased by 41,000
ounces to 1.47 million ounces of gold and silver decreased by 939,000 ounces
to 3.67 million ounces.

The changes at AGF described above in terms of the JORC Mineral Resources and
Ore Reserves were;

Following exploration and remodelling, the oxide Measured plus
Indicated Mineral Resources increased by 5.0 million tonnes containing a
reduction of 42,000 ounces of gold and an increase of 1.48 million ounces of
silver, and the Inferred Mineral Resource increased by 1.38 million tonnes
containing 31,000 ounces of gold and 274,000 ounces of silver;

Following exploration of open pitable sulphide mineralisation below
the existing oxide resources and the reduction in cutoff grade at Amantaytau the
sulphide Measured plus Indicated Mineral Resources increased by 26.9 million
tonnes containing 1.53 million ounces of gold and 27.47 million ounces of silver
and the Inferred Mineral Resource increased by 21.1 million tonnes containing
1.27 million ounces of gold and 15.3 million ounces of silver;

Following mining depletion, orebody remodelling and block model
adjustment as a result of grade control the Carbon-In-Pulp Plant (CIP) and Heap
Leach Ore Reserves reduced by 1.72 million tonnes containing 297,000 ounces of
gold and 1.88 million ounces of silver. The remaining CIP ore is at a lower
average grade of 1.56g/t gold compared with 2.09g/t gold reported previously,
and the average heap leachable silver grade dropped to 43.70g/t, from the 68.37g
/t previously reported;

Sulphide Ore Reserves increased by 4.24 million tonnes containing
378,000 ounces of gold as a result of a reduced cut-off grade to 3.5g/t gold
calculated for the new Amantaytau underground mine design, with a resultant
grade of 7.71g/t gold compared with 11.54g/t gold reported previously.

Subject to licence approvals at Ayirak and Tamdy areas in Uzbekistan and
international arbitration at Jerooy, Kyrgyzstan;

The Company's attributable JORC compliant Mineral Resources (Measured plus
Indicated) are 41.69 million tonnes at 2.96g/t gold and 14.42g/t silver for
3.97 million ounces of gold and 19.33 million ounces of silver, and Inferred
Resources are are 32.96 million tonnes at 2.53g/t gold and 7.57g/t silver
for 2.68 million ounces of gold and 8.02 million ounces of silver.
The total attributable JORC compliant Ore Reserves (Proven plus Probable)
for the Company are 18.91 million tonnes at 4.18g/t gold and 6.03g/t silver
for 2.54 million ounces of gold and 3.67 million ounces of silver.
The total attributable JORC compliant Exploration Results for the Company
are 4.01 million ounces of gold and 36.40 million ounces of silver.
In addition to the JORC resources, the attributable Soviet classified P1
category is 5.22 million ounces of gold and 158.91 million ounces of silver,
and Soviet P2 category is 6.93 million ounces of gold and 25.11 million
ounces of silver, which will be future targets for conversion to JORC
classified resources

A detailed listing of results of all the exploration work carried out during the
year will be presented on the Company's website (
www.oxusgold.co.uk),
including
exploration drillhole results, the exploration trenching methodology and
results. In addition, an explanation of the resource classifications used will
also be presented.

It is the intent of the company to continue to define additional resources and
to upgrade the existing resources for conversion into reserves, with the aim to
assess the potential to extend or increase ore throughput at AGF's existing CIP
process plant. The possibility of further heap leach units to exploit lower
grade oxide material is also under consideration.

As part of the Group's long term exploration strategy, cost effective value
added exploration programmes are envisaged. Core drilling will be utilised for
specific projects such as deep sulphide drilling, Amantaytau sulphide 'superpit'
evaluation, geotechnical and metallurgical drilling. Oxus intend to continue
advancing the exploration of the AGF licence area to evaluate the remaining
targets in order to define the upside potential and develop a robust future
mining plan.

The current Oxus Group's resources and reserves are summarized below.

A detailed exploration year end report including the detailed tabulation of
resources and reserves will also be presented on the website.

The resources and reserves are stated in accordance with the AIM Guidance for
Mining, Oil and Gas Companies for reporting, and adopt the 'JORC Code'
(Australasian Code for Reporting of Exploration Results, Mineral Resources and
Ore Reserves prepared by the Joint Ore Reserves Committee) classification as
well as the Russian system of classifying resources and reserves where
applicable. In accordance with the rules, the total project and Oxus
attributable ounces of gold and silver are presented.

The resources and reserves stated in this report have been compiled by the
following Competent Persons:

P S Newall, BSc, ARSM, PhD, CEng, FIMMM
Wardell Armstrong International Ltd

P Newall, is Senior Consulting Geologist and Director with WAI and has practiced
his profession as a mine and exploration geologist for over twenty years for
both base and precious metals.

Stephen John Westhead, BSc, MSc, PhD, CGeol, FGS, MIMM

Steve Westhead is the Oxus Gold plc group Chief Geologist, has over 17 years
experience in the exploration and mining industry, with experience in Europe,
India, and Central Asia. Following PhD graduation, he worked in India for 4
years and was a founder member of Fluor Daniel India, Stephen has been employed
within the Oxus Group since 1997.

Gordon Wylie BSc (Hons) Geology, MAusIMM, FGSSA

Gordon Wylie is a consultant and non-executive Director of Oxus Gold plc. Gordon
has over 30 years experience in the mining and exploration industry. From 1998
to 2005 Gordon was in charge of AngloGold and latterly, AngloGold Ashanti's
global exploration programme and was appointed Executive Officer in early 2004.

William J Charter, BSc, CGeol, FGS, CEng, MIMM

Bill Charter has over 28 years experience in mining and exploration industry.
Having gained experience with Anglo American Corporation (in Fiji and South
Africa), then worked in Central Asia and other locations worldwide. Started work
with the Oxus Group in 1996. In November 2003 was appointed as Technical
Director of Marakand Minerals Limited, also acting as Geological Consultant to
Marakand's parent company Oxus Gold plc.


To view the tables showing Oxus Gold PLC's Precious Metal Resources as of 30th
June 2006, please click on the link below:


http://www.rns-pdf.londonstockexchange.com/rns/9605m_-2006-11-29.pdf

seems like they are back in with the "in" crowd... cos let's face it, they didn't need to do the placing for operational reasons....


i should've got in at 10p level.... been in since a lot higher....

of interest

http://www.zeromaxgmbh.com/eng/about_us.asp

mARAKAND up 35% friday....OXS with around 80% stake in this one

OXUS GLOBAL DIVERSIFICATION
Turkey
Through its subsidiary Marakand Minerals, the group has entered into option agreements on
two copper / gold projects situated in southern Turkey. Initial work at the Hatay project shows
that mineralisation extends over at least 1,600m along strike. Grab samples collected by
Marakand confirm significant levels of gold and copper. Analyses of samples from the eastern
end of the area indicate the presence of up to 9.48 g/t gold and 3.09 % copper, whilst samples
from the west of the area indicate up to 17.28 g/t gold but with less copper (0.15 %). A stream
sediment sampling programme, together with further rock sampling, is expected to increase
the overall strike extent of mineralization.
Marakand has established a technical office in Antakya and has commenced satellite image
interpretation of the area. A programme of geological mapping, sampling and surveying has
commenced, to be followed by surface drilling before the end of 2006.
On the 26 September 2006 the Company entered into a loan agreement which provides for
Marakand to borrow up to $500,000 of which $260,000 had been advanced by 30 June 2006,
and is renewable by mutual agreement.

A Lot of buying, AGM Went well by all acounts

may be of interest

http://enews.ferghana.ru/article.php?id=1721

UK Gold Company Yields to Uzbekistan to Preserve Its Presence - Analyst
2006-12-11
BBC Monitoring Former Soviet Union


It appears that the British gold mining company Oxus Gold has made sweeping concessions to Uzbekistan in order to preserve its presence in the country, analyst from Tashkent Andrey Saidov says, commenting on the recent deal under which 16 per cent shares in the Uzbek-UK gold joint venture Amantaytau Goldfields went to the government-backed Zeromax. "By letting Zeromax have16 per cent of its shares, the British company most likely decided to come to compromise with the Uzbek government and thus to preserve its presence in the gold mining sector of the country," Saidov says. The following is an excerpt from Andrey Saidov's article "Redivision of Uzbek gold is nearing completion", published by the Centasia.org website on 10 December; a subheading inserted editorially:

The British gold mining company Oxus [Gold] has decided to sell 16 per cent of its shares in the Amantaytau Goldfields joint venture that is developing gold fields in Central Kyzylkum [in central Uzbekistan] to the Swiss company Zeromax. The latter is close to the government circles of Uzbekistan. According to experts, the deal aims to settle a financial dispute with the Uzbek authorities by making compromise.

In the autumn of 2006, the Tashkent civil court satisfied the suit of the [Uzbek] tax agencies to recover a 223m-dollar tax debt accumulated in 2003-2005 from the Amantaytau Goldfields, the company which had been given preferential treatment in terms of taxes and customs duties for developing production up until 2010 in the past. But at the beginning of June 2006, the Uzbek government issued a special resolution annulling the preferential treatment for foreign companies. As a result, Western companies engaged in gold mining had to deal with financial claims. They tried to contest the claims but in vain. For example, judicial conflict between the Uzbek authorities and the US corporation Newmont Mining, which used to have a 50 per cent stake in the Zarafshon-Newmont joint venture, ended up with the arrest of [the joint-venture's] property which will be auctioned in the middle of this month.

[Passage omitted: it is predicted that Uzbekistan's Navoiy Mining and Metallurgical Combine will get Newmont Mining's shares]

The British company Oxus, which came to Kyzylkum almost ten years later than the US gold miners, used to have a 50 per cent stake in the Amantaytau Goldfields joint venture, as well as the Uzbek government's license for developing the extremely promising gold fields Amantaytau, Uzunbuloq and Vysokovoltnoye.

The remaining shares in the joint venture belonged to the same Navoiy Mining and Metallurgical Combine (10 per cent) and to Uzbekistan's State Committee for Geology and Mineral Resources (40 per cent).

UK company makes concession to preserve presence in gold mining sector

By letting Zeromax have16 per cent of its shares, the British company most likely decided to come to compromise and thus to preserve its presence in the gold mining sector of Uzbekistan. Whereas the Americans have been deprived of everything.

"Zeromax's history of success in Uzbekistan is a model worthy of emulation in terms of cooperation between a foreign investor and the country's government that wants to support foreign investment," a statement issued by Oxus says. It also says that the British company has already started to cooperate with Zeromax on the issue of resolving tax and other problems to restore the activities of the Amantaytau Goldfields as soon as possible. As part of the deal, Uzbek businessman Mirodil Jamolov, who has been named by Oxus to be the official owner of the company registered in Switzerland [i.e. Zeromax], will be on the board of directors of the British company as its new member.

of interest :)

http://today.reuters.co.uk/news/articleinvesting.aspx?type=stocksNews&storyID=2006-12-13T173458Z_01_JON363205_RTRUKOC_0_OXUS-SHARES.xml

ajcc, things looking up !

http://www.rferl.org/featuresarchive/country/kyrgyzstan.html

UP 9.9% TO day ! :))

hang on in there Smiler... i think will nudge into the 40s and more..... time will tell.

oxus is going up nicely at the moment ajcc I tend to agree with you that this share will be over the .40p mark today or very shortly. This share is certainly making very good progress. Mind you I still think this is a high risk share, not one for anyone on betablockers.

ajcc wil see you end of next week, so glad I topped up at 10p !! :))

http://www.resourceinvestor.com/pebble.asp?relid=27374

Eurogold Limited
22 December 2006


EUROGOLD

L I M I T E D

(ACN 009 070 384)



22 December 2006 ASX/AIM Symbol 'EUG'
________________________________________________________________________________


Oxus Litigation

Eurogold Limited is pleased to advise that it has today entered into an
agreement with IMF (Australia) Limited ('IMF') under which IMF will fund the
ongoing Australian Federal Court proceedings that Eurogold Limited and Eurogold
Holdings (Bermuda) Limited have commenced against Oxus Holdings (Malta) Limited
and Oxus Gold Plc.

The Agreement will become effective in mid January 2007 and contains IMF's usual
terms and conditions, including an indemnity under which Eurogold will not be
liable for adverse costs (if any) incurred in the proceedings. Eurogold will
retain a majority interest in any amounts recovered from Oxus under the
litigation, with the amount dependent on the timing of any recovery.

IMF is the largest litigation funder in Australia and is listed on the
Australian Stock Exchange.

Pauline Collinson
Company Secretary
Eurogold Limited

sold out...might buy in around 25p

certainly right to sell; i see price has just dropped below 200(?) dma again

http://britishbulls.com/StockPage.asp?CompanyTicker=OXS&MarketTicker=Basic%20Materials&TYP=S