Xanadu Mines Ltd.

Xanadu Mines Ltd. is pleased to report that is has accepted firm commitments for a placement of 34.0 million new fully paid shares in Xanadu at A$0.033 per New Share to raise approximately A$1.12 million . Proceeds from the Placement will be used to underpin the next phase of activities at its Kharmagtai copper and gold project . HIGHLIGHTS A$1.12 [...]

Xanadu Mines Ltd. is pleased to report that on-ground exploration activities have commenced at the highly prospective Red Mountain Joint Venture with the Japan Oil, Gas and Metals National Corporation . HIGHLIGHTS On-ground exploration activities have commenced at Red Mountain On-ground program is designed to collect baseline data over the large [...]

Xanadu Mines Ltd. wishes to provide an update on its Mongolian exploration projects, with the Company implementing several important changes over the previous months to ensure workplace safety and balance sheet preservation in response to the spread of CoV-2 and subsequent COVID-19 pandemic. HIGHLIGHTS Diamond drilling at Kharmagtai was suspended [...]

Xanadu Mines Ltd. advises that due to the current restrictions arising from the COVID-19 containment efforts, and in line with recent advice received from the Australian Securities and Investments Commission , the Xanadu Board has decided to defer the Company’s Annual General Meeting , which was due to be held on 8 May 2020, as advised in Xanadu’s [...]

Xanadu Mines Ltd. is pleased to announce that it has entered into an earn-in agreement with Japan Oil, Gas and Metals National Corporation to sole fund up to $USD7.2 million in exploration expenditure at the Company’s Red Mountain copper-gold Project located in the South Gobi region of Mongolia . Exploration objectives of the earn-in deal are [...]

Xanadu Mines Ltd. is pleased to advise that in accordance with ASX Listing Rule 3.13.1, Xanadu will hold its 2020 Annual General Meeting on: Date: Friday, 8 May 2020 Time: 10:00am Location: Computershare Investor Services Pty Limited, Level 3, 60 Carrington Street Sydney NSW 200 In addition, the closing date for the receipt of nominations from [...]

Xanadu Mines Ltd. is pleased to report that diamond drill hole KHDDH526, located to the immediate east of the Stockwork Hill deposit on the Company’s Kharmagtai porphyry copper and gold project in the south Gobi region of Mongolia , has intersected a significant new zone of mineralisation outside the defined resources. This new discovery [...]

Xanadu Mines Ltd. is pleased to advise that the Company has overnight, conducted a non-brokered placement raising $2,584,768.26 . The Placement was conducted at $0.033 per share and it will result in 78,326,311 new ordinary shares being issued. Shareholder approval is not required for the Placement which was undertaken under Xanadu’s Listing [...]

Xanadu Mines Ltd. is pleased to announce significant improvements in copper and gold recoveries from metallurgical testing from its flagship at Kharmagtai project, which is located in the south Gobi region of Mongolia . The new metallurgical test programme has expanded on that conducted during the 2018 Mineral Resource Estimate and 2019 Scoping [...]

Xanadu Mines Ltd. wishes to advise the pending retirement of Dr Darryl Clark as non-executive director and Chairman of the Company, and the appointment of his successor, Mr Colin Moorhead. The transition will take effect from 29 November 2019. Mr Moorhead is an experienced industry executive with a demonstrated track record of over three decades [...]