exploration & operations
The Company’s focus was on the Amantaytau Goldfields(AGF) licence area in Uzbekistan. However, certain licences and permits essential for AGF's ongoing operations were not renewed. Oxus's wholly owned subsidary, Oxus Resources Corporation was forced to declare a force majeure under the AGF-JV agreements as it was no longer able to manage AGF and fulfill its obligations. International arbitration is being pursued by the Company to seek compensation for the Group. Please refer to regulatory announcements made by the company for further details.