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Oxiana Limited - Kalimantan Gold Corporation Limited

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Project Overview – Jelai <strong>Gold</strong> Project<br />

The figure adjacent illustrates the drill holes<br />

proposed under the delineation drilling<br />

program. Additional exploration drilling will be<br />

undertaken initially.<br />

Proposed Mewet Prospect Drill Holes<br />

The proposed delineation drilling program<br />

would consist of approximately 40 drill holes<br />

and aim to delineate a resource of 400koz Au.<br />

Of which 87koz Au of the 400koz Au exploration<br />

target requires no further drilling.<br />

Drilling would take place at the Mewet, South<br />

Sembawang, Nyabi and Lipan veins.<br />

KLG estimate the cost of delineating the 400koz<br />

Au exploration target is approximately US$1.5m<br />

June 2011<br />

21

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