Xanadu Mines Ltd. is pleased to announce strong surface copper assay results from its Sant Tolgoi Project located in Zavkhan Province of Western Mongolia . Geological mapping, surface rock-chip sampling and geophysics have confirmed the preference of several large anomalies associated with outcropping mafic intrusions. The objective of the [...]
Not for release to US wire services or distribution in the United States Highlights 4 November Placement expanded to $7.5 million, an increase of $2.0 million on the same terms Includes 10 million new shares to a sophisticated Australian investor Includes 26.5 million new shares to Zijin Mining Group Co. Ltd. for $1.46 million to maintain its [...]
Xanadu Mines Ltd. advises that on 8 November 2024, it issued 100,000,004 fully paid ordinary shares at a price of $0.055 per share, to a range of sophisticated investors under an Equity Placement led by Bell Potter Securities Limited and Ord Minnett Limited . Xanadu Mines advises that: the New Shares were issued without disclosure under Part 6D.2 [...]
Not for release to US wire services or distribution in the United States Highlights Firm commitments received for a Placement to raise approximately $5.5 million . The Placement was well supported by both domestic and international, natural resources-focused institutional investors. The Placement may be expanded to include other potential strategic [...]
Xanadu Mines Ltd. is pleased to report an increase in the Mineral Resource Estimate and a Maiden Ore Reserve for its flagship copper-gold project at Kharmagtai, in the South Gobi region of Mongolia . The MRE update incorporates a revised cut-off grade to align to the marginal cut-off grade in the Kharmagtai Pre-Feasibility Study . The updated [...]
Xanadu Mines Ltd. is pleased to provide the Pre-Feasibility Study for its flagship Kharmagtai Copper-Gold Project , located in an established mining jurisdiction in the South Gobi region of Mongolia. This Study confirms the potential of Kharmagtai as a globally significant, long life, low cost, low risk future copper-gold mine. It is based on [...]
Xanadu Mines Ltd. is pleased to provide an update on its flagship Kharmagtai copper-gold project, in the South Gobi region of Mongolia. The Pre-Feasibility Study is nearing completion, operatorship transition to Zijin Mining Group Co is in progress, with planning and funding discussions underway for the next stage of development. Highlights The [...]
Xanadu Mines Ltd. is pleased to report good progress at its field operations at the highly prospective Sant Tolgoi Copper-Nickel Project, located in Zavkhan Province of Western Mongolia . Sant Tolgoi is considered highly prospective for the discovery of new magmatic intrusion-related Copper-Nickel systems. The objective of this exploration [...]
Xanadu Mines Ltd. is pleased to report an increase in the Mineral Resource Estimate for its flagship copper-gold project at Kharmagtai, in the South Gobi region of Mongolia . The updated Resource increases contained copper metal by 14% or 463kt Cu and contained gold by 9% or 764k Oz Au and is largely driven by updating the resource reporting [...]
Xanadu Mines Ltd. announces that the Company has filed an amended and restated independent National Instrument 43-101 technical report titled National Instrument 43-101 Amended and Restated Preliminary Economic Assessment Technical Report, Kharmagtai Copper-Gold Project, South Gobi, Mongolia , effective 4 April 2022. As a result of a review by [...]
Xanadu Mines Ltd. is pleased to provide an update on metallurgical testwork for the Kharmagtai Copper-Gold Project in Mongolia, being developed with the Company's joint venture partner, Zijin Mining Group Co. Ltd.. . The Eriez HydroFloat test work for evaluating coarse ore flotation has demonstrated excellent results for one of the key uplift [...]
Xanadu Mines Ltd. is pleased to announce that it has engaged Bacchus Capital Advisers Limited as its strategic and project funding adviser in relation to the Kharmagtai Copper-Gold Project in the South Gobi region of Mongolia. Highlights Xanadu is executing a Pre-Feasibility Study at its Kharmagtai copper-gold project, a 50-50 joint venture with [...]
