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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM 10-QSB

[X]	Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2002
	OR
[    ]	Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
	For the transition period from to

COMMISSION FILE NUMBER 333-53894

OBAN MINING INC.
(Exact name of registrant as specified in its charter)

NEVADA	88-0467848
(State of other jurisdiction of incorporation or organization)	(IRS Employer Identification Number)

OBAN MINING INC.
11960 Hammersmith Way, Suite 155
Richmond, British Columbia
Canada V7A 5C9
(Address of principal executive offices)

(604) 275-8994
(Registrant's telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
Yes [ x ] No [ ]

Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of March 31, 2002: 7,000,000.

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PART I. FINANCIAL INFORMATION

Item 1. Financial Statements

OBAN MINING INC.
(An Exploration Stage Company)
Balance Sheet
Unaudited

March 31,
2002 December 31,
2001

ASSETS

	$	$
Current Cash	95,758	337
Total Assets	95,758	337

LIABILITIES

Current Accounts payable and accrued liabilities	18,279	16,471
Advances from related party	15,927	15,927
Total Liabilities	34,206	32,398

STOCKHOLDERS' EQUITY

Common Stock
Authorized: 100,000,000 shares, $0.00001 par value Issued and outstanding: 7,000,000 shares (2001: 5,000,000 shares)	70	50
Additional Paid-In Capital	99,980	-
Deficit Accumulated During the Exploration Stage	(38,498)	(32,111)
	61,552	(32,061)
Total Liabilities and Stockholders' Equity	95,758	337

See accompanying notes to the Financial Statements.

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OBAN MINING INC.
(An Exploration Stage Company)
Statement of Operations
Unaudited

	For the Three Months Ended March 31,		Cumulative from Inception of the Development Stage on September 20, 2000 Through
	2002	2001	March 31, 2002
Revenue	$ -	$ -	$ -
Mineral property costs	-	-	1,586
General and Administrative Expenses

Legal fees	3,350	-	28,700
Audit fees	512	-	4,512
Filing fees	-	-	685
Bank charges	67	22	181
Office	278	-	654
Transfer agent	680	-	680
Accounting and administration	1,500	-	1,500

	6,387	22	38,498
Net Loss	(6,387)	(22)	(38,498)
Basic Loss Per Share	0.01	0.00
Weighted Average Number of Shares Outstanding	6,209,167	5,000,000

See accompanying notes to the Financial Statements.

F-2

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OBAN MINING INC.
(An Exploration Stage Company)
Statement of Stockholders' Equity
Unaudited
From Inception (September 20, 2000) to March 31, 2002

Common Stock


Additional
Paid-In
Deficit
Accumulated
During the
Exploration


Total
Stockholders'

	Shares	Amount	Capital	Stage	Equity
		$	$	$	$
Balance, September 20, 2000	-	-	-	-	-
Common stock issued for cash	5,000,000	50	-	-	50
Net loss for the period	-	-	-	(19,334)	(19,334)
Balance, December 31, 2000	5,000,000	50	-	(19,334)	(19,284)
Net loss for the period			-	(12,777)	(12,777)
Balance, December 31, 2001	5,000,000	50	-	(32,111)	(32,061)
Shares issued for cash at $0.05 per share	2,000,000	20	99,980		100,000
Net loss for the period	-	-	-	(6,387)	(6,387)
Balance, March 31, 2002	7,000,000	70	99,980	(38,498)	61,552

See accompanying notes to the Financial Statements.

F-3

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OBAN MINING INC.
(An Exploration Stage Company)
Statement of Cash Flows
Unaudited

			Cumulative From Inception on
	For the Three Months Ended March 31,		September 20, 2000 through
	2002	2001	March 31, 2002
	$	$	$
Cash Flows From Operating Activities
Loss from operations	(6,387)	(22)	(38,498)
Cash provided by changes in operating assets and liabilities
Increase in accounts payable	1,808		18,279
Advances from related party	-		15,927
Net cash (used in) provided by operating activities	(4,579)	(22)	(4,292)
Cash Flows From Financing Activities
Issuance of common stock for cash	100,000	-	100,050
Net cash provided by financing activities	100,000		100,050
Increase (decrease) in cash	95,421	(22)	95,758
Cash at beginning of period	337	128	-
Cash at end of period	95,758	106	95,758

See accompanying notes to the Financial Statements.

F-4

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OBAN MINING INC.
(An Exploration State Company)
Notes to the Financial Statements
Unaudited

NOTE 1 - BASIS OF PRESENTATION

These unaudited financial statements have been prepared in accordance with the instructions to SEC Form 10-QSB. Accordingly, certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such instructions. These unaudited financial statements should be read in conjunction with the audited financial statements and notes thereto included in the Company's annual report on Form 10-KSB for the year ended December 31, 2001.

In the opinion on the Company's management, all adjustments considered necessary for a fair presentation of these unaudited interim financial statements have been included and all such adjustments are of a normal recurring nature. Operating results for the three month period ended March 31, 2002 are not necessarily indicative of the results that can be expected for the year ended December 31, 2002.

NOTE 2 - GOING CONCERN

These financial statements have been prepared on the basis that the Company will continue as a going concern. The Company has incurred operating losses since its incorporation and intends to raise additional equity financing to finance its operations. However, there can be no assurance that additional funds required, if any, would be available to the Company when required or on terms acceptable to the Company. Such limitations could have a material adverse effect on the Company's business, financial condition or operations and these financial statements do not include any adjustment that could result therefrom.

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Item 2. Management's Discussion and Analysis or Plan of Operation.

This section of this report includes a number of forward- looking statements that reflect our current views with respect to future events and financial performance. Forward-looking statements are often identified by words like: believe, expect, estimate, anticipate, intend, project and similar expressions, or words which, by their nature, refer to future events. You should not place undue certainty on these forward-looking statements, which apply only as of the date of our prospectus. These forward-looking states are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or our predictions.

Our company is engaged in exploration of our property. Our company's principal resources have been acquired through issuance of common stock and from shareholder loans.

We are a start-up, exploration stage corporation and have not yet generated or realized any revenues from our business operations.

Our auditors have issued a going concern opinion. This means that our auditors believe there is doubt that we can continue as an on-going business unless we obtain additional capital to finance our operations. This is because we have not generated any revenues and no revenues are anticipated until we begin removing and selling minerals. Accordingly, we must raise cash from sources other than the sale of minerals found on the property. On March 12, 2002, we completed our public offering by raising $100,000. We sold 2,000,000 shares of our common stock at an offering price of five cents per share.

The Company has cash resources of $95,758 as at March 31, 2002, however, we do not know how long the money will last. We do believe it will last twelve months. It depends upon the amount of exploration we conduct and the cost thereof. We will not know that information until we begin exploring our property.

Some of the funds raised will be applied to exploration. If we find mineralized material and it is economically feasible to remove the mineralized material, we will attempt to raise additional money through a subsequent private placement, public offering or through loans. If we need additional cash and cannot raise it we will either have to suspend operations until we do raise the cash, or cease operations entirely. Other than as described in this paragraph, we have no other financing plans.

We will be conducting research in the form of exploration of our property. We are not going to buy or sell any plant or significant equipment during the next twelve months. We will not buy any equipment until we have located a body of ore and we have determined it is economical to extract the ore from the land.

Plan of Operations

Our success depends upon finding mineralized material. Mineralized material is a mineralized body that has been delineated by appropriate spaced drilling or underground sampling to support sufficient tonnage and average grade of metals to justify removal. If we do not find mineralized material or we cannot remove mineralized material, either because we do not have the money to do it or because it is not economically feasible to do it, we will cease operations and you will lose your investment.

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In addition, we may not have enough money to complete our exploration of our property. If it turns out that we have not raised enough money to complete our exploration program, we will try to raise additional funds from a second public offering, a private placement or loans. At the present time, we have not made any plans to raise additional money and there is no assurance that we would be able to raise additional money in the future. If we need additional money and cannot raise it, we will have to suspend or cease operations.

We must conduct exploration to determine what amount of minerals, if any, exist on our properties and if any minerals which are found can be economically extracted and profitably processed.

Our property is undeveloped raw land. Now that our offering is concluded, we intend to start exploration operations. To our knowledge, the property has never been mined. The only event that has occurred is the staking of the property by Locke Goldsmith and a physical examination of the property. The cost of staking the claims was included in the $826.00 we paid to Mr. Goldsmith. Before gold retrieval can begin, we must explore for and find mineralized material. After that has occurred we have to determine if it is economically feasible to remove the mineralized material. Economically feasible means that the costs associated with the removal of the mineralized material will not exceed the price at which we can sell the mineralized material. We cannot predict what that will be until we find mineralized material.

We do not know if we will find gold. We believe that activities occurring on adjoining properties are not material to our activities. The reason is that whatever is located under adjoining property may or may not be located under our property.

Our exploration program is designed to economically explore and evaluate our properties.

We do not claim to have any minerals or reserves whatsoever at this time on any of our properties.

We intend to implement an exploration program and intend to proceed in the following three phases:

Phase 1 will begin with research of the available geologic literature, personal interviews with geologists, mining engineers and others familiar with the prospect sites. We have recently begun this phase of the exploration process on our properties.

When the research is completed, our initial work will be augmented with geologic mapping, geophysical testing and geochemical testing of our claims. When available, existing workings, like trenches, prospect pits, shafts or tunnels will be examined. If an apparent mineralized zone is identified and narrowed down to a specific area by the studies, we will to begin trenching the area.

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Trenches are generally approximately 150 ft. in length and 10-20 ft. wide. These dimensions allow for a thorough examination of the surface of the vein structure types generally encountered in the area. They also allow easier restoration of the land to its pre-exploration condition when we conclude our operations. Once excavation of a trench is completed, samples are taken and then analyzed for economically potential minerals that are known to have occurred in the area. Careful interpretation of this available data collected from the various tests aid in determining whether or not the prospect has current economic potential and whether further exploration is warranted.

Phase 1 will take about 3 months and cost up to $20,000.

Phase 2 involves an initial examination of the underground characteristics of the vein structure that was identified by Phase 1 of exploration. Phase 2 is aimed at identifying any mineral deposits of potential economic importance. The methods employed are

* more extensive trenching
* more advanced geophysical work
* drift driving

Drift driving is the process of constructing a tunnel to take samples of minerals for testing. Later, the tunnel can be used for mining minerals. The geophysical work gives a general understanding of the location and extent of mineralization at depths that are unreachable by surface excavations and provides a target for more extensive trenching and core drilling. Trenching identifies the continuity and extent of mineralization, if any, below the surface. After a thorough analysis of the data collected in Phase 2, we will decide if the property warrants a Phase 3 study.

Phase 2 will take about 3 months and cost up to $40,000.

Phase 3 is aimed at precisely defining the depth, the width, the length, the tonnage and the value per ton of any mineral body. This is accomplished through extensive drift driving. Phase 3 will take about 6 months and cost up to $80,000.

The breakdown of estimated times and dollars for each phase was made by the board of directors.

We do not intend to interest other companies in the property if we find mineralized materials. We intend to try to develop the reserves ourselves.

If we are unable to complete a phase of exploration because we do not have enough money, we will cease operations until we raise more money. If we cannot or do not raise additional money, we will cease operations.

We cannot provide you with a more detailed discussion of how our exploration program will work and what we expect will be our likelihood of success. That is because we have a piece of raw land and we intend to look for gold. We may or may not find any mineralized material. It is impossible to predict the likelihood of such an event.

We will not move onto a subsequent phase until the phase we are working on is completed.

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We do not have any plan to take the Company from phase 3 exploration to revenue generation until we have determined its economic feasibility.

We do not intend to hire additional employees at this time. All of the work on the property will be conducted by unaffiliated independent contractors that we will hire. The independent contractors will be responsible for surveying, geology, engineering, exploration, and excavation. The geologists will evaluate the information derived from the exploration and excavation and the engineers will advise us on the economic feasibility of removing the mineralized material.

Limited Operating History; Need for Additional Capital

There is no historical financial information about Oban Mining upon which to base an evaluation of our performance. We are an exploration stage corporation and have not generated any revenues from operations. We cannot guarantee we will be successful in our business operations. Our business is subject to risks inherent in the establishment of a new business enterprise, including limited capital resources, possible delays in the exploration of our properties, and possible cost overruns due to price and cost increases in services.

To become profitable and competitive, we will have to conduct research and exploration of our properties before we start production of any minerals we may find. We have raised $100,000 by way of an equity financing from our public offering to provide for the capital required to implement our research and exploration phases. We have no assurance that future financing will be available to us on acceptable terms. If financing is not available on satisfactory terms, we may be unable to continue, develop or expand our operations.

Results of Operations

From Inception on September 20, 2000

We acquired our first property, have staked the property and will begin Phase I of our exploration plan now that our public offering has concluded.

Since inception, we have used our common stock to raise money for the property acquisition, for corporate expenses and to repay outstanding indebtedness. Net cash provided by the sale of shares from inception on September 20, 2000 to March 31, 2002 was $100,050. In addition a related party advanced a total of $15,927 to us which must be repaid.

Liquidity and Capital Resources

As of the date of this report, we have yet to generate any revenues from our business operations. We issued 5,000,000 shares of common stock through a Section 4(2) offering in September 2000 to Richard A. Achron, our sole officer and director. This was accounted for as a cash shares purchase of $50. We issued 2,000,000 shares of common stock through our public offering that closed on March 12, 2002 that raised $100,000.

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In addition, Mr. Achron, has advanced the total sum of $15,927, which was used by us to pay for legal fees relating to organizational and start-up costs and $590 was used for general office expenses and operating capital. The loans do not bear interest and have not been paid as of the date hereof. There are no documents reflecting the loan and they are not due on a specific date. Mr. Achron will accept repayment from us when money is available. There is no plan to repay Mr. Achron from the proceeds of this offering.

As of March 31, 2002, the Company had total assets of $95,758 and accounts payable and accrued liabilities of $18,279. This was primarily comprised of $10,400 in legal fees, $4,200 in audit fees, $1,500 in accounting and administrative fees and $5,979 in general filing fees and office expenses. These costs were incurred mainly relating to the public offering and will be paid from the proceeds of the financing.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized on this 12^th day of May 2002.

OBAN MINING INC.
BY:	/s/ Richard A. Achron Richard A. Achron, President, Treasurer, Secretary, Chief Executive Officer, Principal Accounting Officer, Principal Financial Officer and a sole member of the Board of Directors

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