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BFS for Sepon gold/silver as follows (from ASX website) announced late 2001

SEPON GOLD PROJECT: BANKABLE FEASIBILITY STUDY (BFS)

During October Oxiana completed the Sepon Gold Project BFS. The
project is based on the minimum capital and reserves to ensure
bankability prior to stage 2 copper project. The conservative base
case is expected to generate strong early cash flows.

HIGHLIGHTS

A summary of the highlights of the gold base case is provided below:

Resources: Measured, Indicated & Inferred 3.5m oz gold
7.0m oz silver

Reserves: Proven & Probable 9.1 mt @ 3.2 g/t gold and
5.4g/t silver

Plant Throughput 1.25 mt/a

Initial Mine Life 7.5 years

Initial Capital Cost US$40.7m

Production - First Three Years Average 125,000 oz/a gold

Cash Cost of Production
First Three Years Average US$151/oz

COPPER announced early 2002
KHANONG COPPER BFS

The Khanong copper orebody comprises predominantly leachable
chalcocite and oxide copper ores. Oxiana is undertaking a Bankable
Feasibility Study (BFS) in 2002 evaluating the optimum potential
development plan for Khanong. Initial studies point to a 45,000 t/a
75,000 t/a leach/sx/ew copper metal operation utilizing Laos
hydro-electric power.

Oxiana drilling and metallurgical testwork to date has been focussed
on the copper resource. Khanong has also returned robust silver
grades and an evaluation of the silver content has recently been
completed.

SILVER RESOURCE

Silver resource estimates for the Khanong copper deposit and Sepon
gold deposits are tabulated below:

KHANONG COPPER SEPON GOLD DEPOSITS
DEPOSIT

Tonnes 45 million 70 million
Silver Grade 14 g/t 3.1 g/t
Contained Silver 20 million oz 7 million oz

Notes:
1. Inferred silver resources contained within the Khanong copper
deposit are estimated at a 0.5% Cu cut-off grade.
2. Total measured, indicated and inferred silver resources contained
within the Sepon gold deposits are estimated at a 0.5g/t Au cut-off
grade as previously reported.

GE