Xanadu Mines Ltd.

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, as announced on 19 April 2022.1 This clears one of the three [...]

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, with head grades ranging between 0.52 g/t to 2.25 g/t Au and 0.12% to 0.67 [...]

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 shares on March 1, 2022; and (iv) Grant of options to Mr Colin Moorhead.

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 level through a series of transactions commencing with the subscription of 139 [...]

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 interested parties can access the webinar via the link below. Webinar Details [...]

Xanadu Mines Ltd. is pleased to announce the release of the Scoping Study for its flagship Kharmagtai Copper-Gold Project, based on an updated 2021 Mineral Resource Estimate, located in the South Gobi region of Mongolia. The Xanadu Board has endorsed this Study, and subject to funding, has approved progression to the Pre-Feasibility Stage. This Study confirms the potential of Kharmagtai as a globally significant, long [...]

Xanadu Mines Ltd. is pleased to announce an internal restructure of its Board and leadership teams as the Company progresses its flagship Kharmagtai project into the development phase. Following the recent JORC Mineral Resource Estimate1, Kharmagtai is now positioned as one of the largest undeveloped porphyry copper resources on the ASX/TSX. A Scoping Study is underway and targeted for completion in early Q2, 2022. This [...]

Xanadu Mines Ltd. is pleased to announce that the Company has filed an Independent National Instrument 43-101 Technical report titled "Mineral Resource Estimation, Kharmagtai Project, Omnogovi Province, Mongolia", in support of the Company's press release dated 8th December 20211 and as required by Canadian Securities Administrators and TSX. The NI43-101 Technical Report2 was authored Independent Qualified Person Mr [...]

Xanadu Mines Ltd. is pleased to report an updated Mineral Resource Estimate for its flagship copper-gold project at Kharmagtai, in the South Gobi region of Mongolia . The Company has successfully delivered its stated aspirational target to grow the Kharmagtai Resource to >1.0Bt including a higher-grade component of >100Mt. This updated Resource positions Kharmagtai as one of the largest undeveloped copper assets held by a [...]

Xanadu Mines Ltd. is pleased to update the market on its on-going exploration program for porphyry copper and gold deposits at the Kharmagtai District in the South Gobi region of Mongolia. Highlights Strong step-out drilling results pave the way for further growth of both the gold-rich bornite and high-grade tourmaline breccia zones at Stockwork Hill, with copper and gold grades materially exceeding the 2018 Mineral [...]