Xanadu Mines Ltd.

Xanadu Mines Ltd. is pleased to announce the first batch of assay results from its oxide gold drilling program at its flagship Kharmagtai Project in southern Mongolia . These results form part of the Company’s current 2019 drilling program, with significant progress made towards defining a shallow oxide gold resource. HIGHLIGHTS Significant shallow oxide gold intersects include: Drill hole KHDDH491 returns 40m at [...]

Xanadu Mines Ltd. is pleased to report that a drill rig has been mobilised to commence drilling at the Kharmagtai copper-gold project in Mongolia . The objective of this program is to confirm the presence of the oxide gold cap above the Stockwork Hill deposit and characterise this mineralisation for gold deportment to give direction for further work. An initial development of an oxide gold operation would be focused [...]

Xanadu Mines Ltd. advises that with effect from today, Dr Darryl Clark will step away from the role of Executive Chairman and assume the role of Non-Executive Chairman, with Dr Andrew Stewart continuing in the role of Chief Executive Officer. For further information, please contact: Andrew Stewart Chief Executive Officer T: +61 2 8280 7497 M: +61 409 818 922 Andrew.stewart@xanadumines.com www.xanadumines.com...

Xanadu Mines Ltd. is pleased to announce a pro-rata non-renounceable rights issue to eligible shareholders, on the basis of 1 new fully paid ordinary shares for every 10 shares held at an issue price of $0.052 per share , to raise approximately $3,369,829 . Assuming no existing options on issue in the Company are exercised, approximately 64,804,413 New Shares will be offered under the Rights Issue. The Rights Issue will [...]

Xanadu Mines Ltd. is pleased to announce the results of its annual general meeting of shareholders of the Company held April 30, 2019. All matters presented for approval at the Meeting by management of the Company were duly authorized and approved, including: Re-election of Dr. Darryl Clark – 383,205,200 shares voted for representing 84.41% of the shares voted on the resolution and 70,777,666 shares voted against [...]

HIGHLIGHTS Open Pit design from 2019 Scoping Study . Site Layout plan Cleaner test schematic. Grade vs recovery flotation testwork. Schematic process flow diagram. Break down of US$5.03 operating cost per tonne. Location of the Kharmagtai Project in the South Gobi porphyry copper belt. Geological map of Kharmagtai licence area: Solid geology interpretation of lithologies and major structures derived from limited outcrop [...]

Xanadu Mines Ltd. today announces changes to its Board to reflect a renewed focus on the Australian retail market. The following changes to the Board will be effective as from the conclusion of the Annual General Meeting to be held on 30 April 2019: Xanadu’s two London based directors, Kevin Tomlinson and Marcus Englebrecht will stand down from the Board; MD and CEO Dr Andrew Stewart - currently based in Mongolia [...]

Xanadu Mines Ltd. is pleased to report that preliminary testwork on diamond core from shallow oxide gold mineralisation at the Kharmagtai copper-gold project in Mongolia has returned excellent results . Gold mineralisation at Golden Eagle is hosted in the oxide cap above a deeper and significantly larger copper-gold porphyry . A new Exploration Target and metallurgical tests confirm the presence of significant, leachable [...]

HIGHLIGHTS Location of the Kharmagtai Project in the South Gobi porphyry copper belt. The Kharmagtai Mining Licence showing ground magnetic data and location of the Kharmagtai Deposit , porphyry centres, targets and location of drill holes KHDDH488. Long section showing KHDDH488 and KHDDH419. Mineralised slab images from KHDDH488. Halved HQ core, the height of each image is 6.35cm. Estimation and modelling techniques Bulk [...]

Xanadu Mines Ltd. is pleased to report that diamond drill hole KHDDH488, which is currently being drilled at the Company’s Kharmagtai porphyry copper and gold deposit in the south Gobi region of Mongolia has intersected a significant zone of visible bornite-chalcopyrite copper mineralisation. The current drilling is targeting high-grade mineralisation associated with a causative copper and gold porphyry at depth [...]