Asia PR News

SYD, 30 April 2007 - Billing for PR25842

March Qtr 2007 Production
Gold produced at Sepon 33,647oz
Gold produced at Golden Grove 12,751oz
Silver produced at Sepon 60,225oz
Silver produced at Golden Grove 511,167oz
Average received gold price US$651/oz
Copper produced at Sepon 13,827t
Copper produced at Golden Grove 7,297t
Average LME Cash Copper Price US$2.61/lb
Zinc produced at Golden Grove 24,514t
Average LME Cash Zinc Price US$1.57/lb

Overview Highlights

*Acquisition of Agincourt Resources Limited successful.
*Group production on track.
*Prominent Hill remains on budget and on schedule for 2008 production.
*Exploration success continues at Sepon, Golden Grove and Prominent Hill.
*2006 full year net profit of $553 million, EBITDA of $810 million.
Sepon Copper
*Unscheduled maintenance saw production slightly lower at 13,827t copper.
*Production forecast remains at 60,000t to 63,000t for the year.
*A new mineralised zone was identified at the Pha Bing prospect with results
including 15m at 5.51% copper, 7m at 7.98% copper and 8m at 5.22% copper.
Sepon Gold
*Production of 33,647oz of gold.
*Focus of the primary gold study on resource drilling and modelling. Study due
for completion late in 2007.
*Potential additional oxide resources identified at the Nalou deposit and at
the nearby Songkham prospect.
Golden Grove
*Record underground material movement at Golden Grove.
*Predominantly a copper production quarter.
*High grade zinc and copper mineralisation continued to be discovered beneath
the Xantho and Scuddles deposits.
Prominent Hill
*Development of the Prominent Hill copper-gold project remained on schedule and
budget.
*Infill drilling of the Resource, below the planned pit, returned excellent
results including 107m at 2.2% copper and 0.6g/t gold.
*Drilling also continued to discover mineralisation extending beneath the known
Resource, with results including 53m at 1.3% copper and 1.1g/t gold.
Corporate
*Oxiana’s bid for Agincourt Resources Limited was successful, with the bid
closing on 13 April 2007.

*Oxiana’s Annual General Meeting to be held on May 2, 2007 in Melbourne.
A full copy of the March 2007 Quarterly Report can be downloaded from the
Oxiana website:
www.oxiana.com.au
Oxiana Limited ABN 40 005 482 824
Level 9, 31 Queen Street, Melbourne, Victoria, Australia 3000
Tel: +61 (0)3 8623 2200
Fax: +61 (0)3 8623 2222
Website: www.oxiana.com.au
Investor enquires contact: Richard Hedstrom
Media enquiries contact: Natalie Worley

SOURCE Oxiana Limited