Xanadu Mines Ltd. is pleased to announce a 30,000-metre infill diamond drill programme to support the Pre-Feasibility Study is well-underway at the Kharmagtai copper-gold project . A key objective of drilling program is to upgrade the current open-pit Mineral Resource1 areas to at least Indicated classification and to inform the geometallurgical [...]
Xanadu Mines Ltd. is pleased to announce the completion on 10 March 2023 of Phase 2 and Phase 3 of its Strategic Partnership with Zijin Mining Group Co. Ltd.. . This provides crucial funding for the Company's flagship Kharmagtai Copper-Gold Project through the next phase of project evaluation and exploration, leading to formal Decision to Mine. It [...]
Xanadu Mines Ltd. is pleased to announce that Zijin Mining Group Co. Ltd.. has advised Xanadu of the receipt of regulatory approvals from the People's Republic of China , which completes the final key regulatory approval required to progress Phase 2 and Phase 3 of the Strategic Partnership1 between Xanadu and Zijin. The Strategic Partnership will [...]
Xanadu Mines Ltd. is pleased to announce the Company has received firm commitments for a placement to eligible professional and sophisticated investors of 41,887,844 fully-paid ordinary shares in Xanadu at an issue price of $0.027 each to raise $1,130,971.79 . Highlights Firm commitments received for a Placement to raise approximately $1.1 million [...]
Xanadu Mines Ltd. is pleased to announce the execution of formal documentation for Phases 2 and 3 of the transaction with Zijin Mining Group Co., Limited 1. This entails Zijin subscribing for additional shares in Xanadu to increase its corporate shareholding to 19.99% and the formation of a 50:50 Kharmagtai Joint Venture through Xanadu's 100% owned [...]
Xanadu Mines Ltd. is pleased to announce initial trenching results from the 100% owned Red Mountain project located within the Dornogovi Province of southern Mongolia, approximately 420km southeast of Ulaanbaatar and 70km west of the provincial centre of Sainshand. Highlights Assays returned for 1,170m of the 6,500m trenching program at Red [...]
Xanadu Mines Ltd. is pleased to announce the restart of exploration work at our 100% owned Red Mountain project located in the South Gobi region of Mongolia . Highlights Exploration targeting shallow high-grade gold-silver-copper, following a detailed review of prior exploration results Ground exploration program underway, including surface mapping [...]
Xanadu Mines Ltd. is pleased to announce that Zijin Mining Group Co. Ltd.. has advised Xanadu that on 11 August 2022, the Australian Foreign Investment Review Board issued a no objection notification for the acquisition of Xanadu shares by Zijin, through its wholly owned subsidiary Jinping Mining Pte. Ltd., sufficient to complete its investment in [...]
Xanadu Mines is pleased to update the market on its on-going metallurgical test program at the Kharmagtai Copper-Gold Project. ighlights: Preliminary metallurgical test work completed on partially oxidised material from surface to 30 metres depth. Glycine and cyanide leach tests delivered metallurgical recoveries of up to 91% gold and 46% copper [...]
Xanadu Mines announces the results of its annual general meeting of shareholders of the Company held May 17, 2022. All matters presented for approval at the Meeting by management of the Company were duly authorized and approved, (i) Re-election of Mr Michele Muscillo as director; (ii) Remuneration Report; (iii) Ratification of prior issuance of [...]
Xanadu Mines Ltd. is pleased to announce a strategic partnership with Zijin Mining Group Co. Ltd. to progress the Company's flagship Kharmagtai Copper-Gold Project through its next phase of project evaluation and decision on future development. Under the Agreement, Zijin will invest in both the Xanadu corporate level and the Kharmagtai project [...]
Xanadu Mines Ltd. is pleased to advise that its Executive Chairman and Managing Director, Colin Moorhead, will be holding a live investor webinar to discuss outcomes of the recently released positive Scoping Study for the Company's Kharmagtai Copper Gold Project in Omonogovi Province, Mongolia. Shareholder, investors, analyst, media and other [...]
