Xanadu Mines Ltd.

In accordance with ASX Listing Rule 3.13.2, Xanadu Mines Ltd. advises that that all resolutions considered at the Company’s Annual General Meeting, which was held today, were passed with the requisite majorities by way of a poll. The resolutions and details of the proxy voting results are provided in the attached Proxy Summary in accordance with Section 251AA of the Corporations Act 2001 . For further information, please [...]

Xanadu Mines Ltd. advises that subsequent to the release on 26 June 2020 of the Notice of Meeting for the Company’s Annual General Meeting to be held on Thursday, 30 July 2020, the Board has resolved that due to the ongoing COVID-19 pandemic, the AGM will now only be held as a Virtual Meeting online and that no shareholders will be allowed to attend the meeting in person. As a Virtual AGM, shareholders will be able to [...]

Xanadu Mines Ltd. advises that Stephen Motteram, being the nominee of Noble Resources International Pte. Ltd.’s to the Xanadu Board, has resigned as a director of the Company. Mr Motteram was appointed as a Director of Xanadu on 1 November 2019 in accordance with the First Variation Agreement US$4,000,000 Facility Agreement between Noble and the Company, where Noble retained the right to nominate a director to the Xanadu [...]

Xanadu Mines Ltd. advises that investors and analysts are invited to participate in a webcast on Monday, 15 June 2020 at 12:00pm noon AEST. The purpose is to provide a Xanadu Corporate Update, which will be hosted by Xanadu’s Chairman, Colin Moorhead. Participants will be able to ask questions online, and they will be answered at the end of the call. The webcast will be accessible via the following browser link [...]

Xanadu Mines advises that in accordance with ASX Listing Rule 3.13.1, Xanadu will hold its 2020 Annual General Meeting on: Date: Thursday, 30 July 2020 Time: 10:00am Location: Computershare Investor Services Pty Limited Level 3, 60 Carrington Street Sydney NSW 2000 In addition, the closing date for the receipt of nominations from persons wishing to be considered for election as a director is Thursday, 11 June 2020 [...]

Xanadu Mines Ltd. has today announced changes to the composition of its Executive Team. We are pleased to announce that Munkhsaikhan Dambiinyam will take on a newly created role of Chief Operating Officer , based in Mongolia, from 1 June 2020. Munkhsaikhan previously held the role of Chief Financial Officer at Xanadu since May 2018 and has contributed strongly to Xanadu’s Executive Team during that time. Following [...]

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 million raised at A$0.033c per share, with strong demand from existing [...]

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 district to prepare drill targets Red Mountain JV with JOGMEC is focused on [...]

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 in February and field crews demobilised to their home bases in order to [...]

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 ASX/TSX Announcement dated 16 March 2020. ASIC has recently provided the [...]