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 Kharmagtai PFS is in final stages of technical review and evaluation. Xanadu [...]
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 programme is to collect the data required to identify high-grade sulphide [...]
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 criteria to reflect pit-shells generated in the pre-feasibility study in [...]
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 staff of the Ontario Securities Commission, we are issuing the following news [...]
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 scenarios defined in the Kharmagtai Scoping Study1. It has effectively improved [...]
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 Zijin Mining Group Co Ltd . The PFS will be completed in Q3 CY2024 resulting [...]
Xanadu Mines Ltd. is pleased to advise that in accordance with ASX Listing Rule 3.13.1, Xanadu will hold its 2024 Annual General Meeting on: Date: Thursday, 23 May 2024 Time: 11:00am AEST Location: Victoria Hotel 215 Little Collins Street Melbourne Victoria 3000 Australia The closing date for the receipt of nominations from persons wishing to be considered for election as a director is Wednesday, 3 April 2024 [...]
Xanadu Mines Ltd. is pleased to advise an initial 5,000m diamond drilling programme to test five main target areas at the highly prospective 100% owned Red Mountain copper and gold Project in the South Gobi region of Mongolia is now underway, with drilling expected to be completed by mid-May, and all assays available by end-June. Highlights Exploration drilling focused on discovery of shallow high-grade gold and [...]
Xanadu Mines Ltd. is pleased to announce that the hydrological drilling program has re-commenced for the Kharmagtai Pre-Feasibility Study , which is being developed with the Company's joint venture partner Zijin Mining Group Co. Ltd.. . Water supply is a core input to the study; a key driver to maximise processing throughput for the project. Highlights A hydrological drill program has recommenced with two diamond drill [...]
This notice is given by Xanadu Mines Ltd. under section 708A of the Corporations Act 2001 . Xanadu Mines advises that on 4 March 2024, it issued 15,185,328 fully paid ordinary shares at a price of $0.055 per share, to Jinping Mining Pte Ltd pursuant to a Share subscription agreement signed on 8 December 2023 . Xanadu Mines advises that: the New Shares were issued without disclosure under Part 6D.2 of the Act; this notice [...]
Xanadu Mines Ltd. is pleased to update on metallurgical testwork for the Kharmagtai Project in Mongolia, being developed with the Company's joint venture partner Zijin Mining Group Co. Ltd.. . Oxide leach recovery results demonstrate material progress towards one of the multiple uplift scenarios defined in the Kharmagtai Scoping Study1, with value add likely; reducing mining strip and generating earlier operating [...]
Xanadu Mines is pleased to announce that the placement of 15,185,328 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 20 Nov 2023 and 8 Dec 2023. Completion follows the satisfaction of all Conditions Precedent under the Share [...]
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