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Oxiana Limited - Kalimantan Gold Corporation Limited

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43-101 - KSK Copper Project<br />

KSK Copper Project – Beruang Kanan<br />

Beruang Kanan Open Pit Prospect<br />

• Beruang Kanan is a high-sulphidation copper system exposed at the surface.<br />

• Several magnetic anomalies at depth at the Main Zone remains untested by drilling.<br />

• Believed to be the source of the widespread (6,000m by 4,000m) copper<br />

mineralization defined by geochemistry and drilling to date.<br />

• Beruang Kanan – Drilling highlights:<br />

• BK2 – 167meters at 0.59% Cu, including: 93 metres at 0.75% Cu;<br />

• BK3 – 79 metres at 0.89% Cu; and<br />

• BK4 – 105m at 0.53% Cu, including: 63 metres at 0.75% Cu.<br />

Beruang Kanan – Chalcopyrite Mineralisation<br />

• Beruang Kanan – JV Delineation Drilling Exploration Target:<br />

• 250Mt at 0.5-0.6% Cu target has been determined using available surface<br />

sampling and drill hole data.<br />

• Minimum JV expenditure in first 12 months $500,000<br />

Exploration Targets<br />

Tonnes<br />

(kt)<br />

Grade<br />

(% Cu)<br />

Contained metal<br />

(kt)<br />

(mid-point)<br />

Beruang Kanan – subject to<br />

delineation drilling<br />

Beruang Kanan – overall<br />

exploration target<br />

250,000 0.5-0.6% 1,375<br />

500,000 0.5-0.6% 2,750<br />

June 2011<br />

14

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