Xanadu Mines Ltd.

June 2025 Quarter During the Quarter ending 30 June 2025 , Xanadu Mines Ltd. focused on strategic funding options to progress the Kharmagtai Copper and Gold Project . This resulted in an off-market takeover bid from Bastion Mining Pty Ltd , which the Board recommended to shareholders. At the time of this report, Bastion has acquired a relevant interest exceeding 90% of Xanadu shares and issued a Notice of Compulsory [...]

Xanadu Mines Ltd. today provides an important update in relation to the off-market takeover offer by Bastion Mining Pte. Ltd. UEN 202512367N to acquire all the fully paid, ordinary shares in Xanadu 1,2,3. The Takeover Board Committee of Xanadu notes that Zijin Mining Group , the Company's largest shareholder4 and joint venture partner has accepted the Bastion Offer for all shares that it holds in Xanadu. Together with [...]

Xanadu Mines Ltd. refers to: the announcement dated 5 May 2025 in relation to an Extraordinary General Meeting to be held on 4 June 2025; the announcement dated 19 May 2025 in relation to the entry into a Bid Implementation Agreement Bastion Mining Pte Ltd in respect of a recommended off-market takeover offer; and the announcement earlier today in respect of the completion of the A$17.2 million placement to Bastion. In [...]

Xanadu Mines Ltd. and Bastion Mining Pte Ltd are pleased to announce that they have entered into a Bid Implementation Agreement on 19 May 2025 under which Bastion will make an off-market takeover offer to acquire all the fully paid, ordinary shares issued in Xanadu which Bastion does not already own, at a price of A$0.08 cash per Xanadu Share . A copy of the Bid Implementation Agreement is attached as Annexure A to this [...]

Xanadu Mines Ltd. refers to its announcement dated 7 April 2025 in relation to the Extension of the Zijin Put Option and Exclusivity Arrangements1 with its major shareholder and Joint Venture Partner, Zijin Mining Group Co. Ltd. . Following substantive discussions with Zijin, the parties have been unable to finalise a control transaction within the agreed exclusivity period. Correspondingly, Xanadu's exclusivity [...]

Xanadu Mines advises that as required by ASX Listing Rule 3.13.2 and Section 251AA of the Corporations Act 2001, the results of Xanadu Mines's Extraordinary General Meeting held 11 April 2025, are set out in the attached report and includes a summary of the poll voting results and votes by proxies on the item of business considered at the General Meeting. In accordance with Listing Rule 3.13.2 Xanadu advises that [...]

Xanadu Mines refers to its announcement dated 12 March 2025 in relation to an Extraordinary General Meeting to be held on Friday, 11 April 2025. The EGM included a resolution to approve the exercise of a put option previously granted by the Company's major shareholder and joint venture partner, Zijin Mining Group, to allow the Company to dispose of a 25% interest in Khuiten Metals. This resolution shall be withdrawn until [...]

Xanadu Mines is pleased to provide an update on The Kharmagtai Project and associated discussions about the next steps for the development of the Kharmagtai copper-gold Project with our JV partner, Zijin Mining Group. Highlights Xanadu delivered a prefeasibility study for the Kharmagtai Project late in the September Quarter of 2024, outlining a 29-year, large scale, low cost, open pit copper-gold operation. Under the [...]

Xanadu Mines announces that the Company has filed an independent National Instrument 43-101 technical report titled National Instrument 43-101 Report, Kharmagtai Copper-Gold Project, effective 10 October 2024. The NI 43-101 Technical Report for the Kharmagtai Pre-Feasibility Study was authored under supervision of Julien Lawerence, who is an independent Qualified Person as defined by NI 43-101. Mr. Lawrence has reviewed [...]

Xanadu Mines is pleased to announce that the placement of 26,515,543 fully paid ordinary shares to Jinping Mining Pte Ltd, a wholly owned indirect subsidiary of Zijin Mining Group, at an issue price of A$0.055 per share, completed today. Details of the proposed placement to Zijin were announced to ASX on 14 Nov 2024 and 5 Nov 2024. Completion follows the satisfaction of all Conditions Precedent under the Share [...]