Xanadu Mines Ltd.

Xanadu Mines Ltd. is pleased to report that diamond drill hole KHDDH526, located to the immediate east of the Stockwork Hill deposit on the Company’s Kharmagtai porphyry copper and gold project in the south Gobi region of Mongolia , has intersected a significant new zone of mineralisation outside the defined resources. This new discovery significantly increases the potential strike of the Stockwork Hill Deposit [...]

Xanadu Mines Ltd. is pleased to advise that the Company has overnight, conducted a non-brokered placement raising $2,584,768.26 . The Placement was conducted at $0.033 per share and it will result in 78,326,311 new ordinary shares being issued. Shareholder approval is not required for the Placement which was undertaken under Xanadu’s Listing Rule 7.1, 15% placement capacity and the New Shares issued under the [...]

Xanadu Mines Ltd. is pleased to announce significant improvements in copper and gold recoveries from metallurgical testing from its flagship at Kharmagtai project, which is located in the south Gobi region of Mongolia . The new metallurgical test programme has expanded on that conducted during the 2018 Mineral Resource Estimate and 2019 Scoping Study and has produced substantial improvements in copper and gold recovery [...]

Xanadu Mines Ltd. wishes to advise the pending retirement of Dr Darryl Clark as non-executive director and Chairman of the Company, and the appointment of his successor, Mr Colin Moorhead. The transition will take effect from 29 November 2019. Mr Moorhead is an experienced industry executive with a demonstrated track record of over three decades building value in mining companies through innovation, discovery, project [...]

27 November 2019 Mr. Alex Sutton Adviser - Geology, Listing Compliance ASX Limited Level 4, Exchange Centre 20 Bridge Street Sydney NSW 2000 By email only: Alex.Sutton@asx.com.au Dear Alex Xanadu Mines Ltd. Updated ASX Announcement Further to Xanadu Mines Ltd.’s announcement tilted Significant increase in Exploration Target at Kharmagtai, lodged with the ASX on 6 November 2019, attached is a revised announcement [...]

Xanadu Mines Ltd. is pleased to announce it has upgraded the global copper and gold Exploration Target at its flagship Kharmagtai project, which is located in the south Gobi region of Mongolia . A new global Exploration Target has been developed to highlight the large-scale copper-gold potential of the Kharmagtai project. Additionally, an independent valuation has been completed by SRK for the Kharmagtai Mining Lease [...]

Xanadu Mines Ltd. advises that it has signed a new Executive Services Agreement with the Chief Executive Officer , Dr Andrew Stewart. Dr Stewart’s new Contract reflects Dr Stewart’s relocation to Australia and change in role from Managing Director and CEO to CEO. The key terms of Dr Stewart’s new Contract are: Total Fixed Remuneration including Base Salary and contributions, if any, required under [...]

Xanadu Mines Ltd. advises that, having received notification from Noble Resources International Pte. Ltd.’s that they wish to nominate Stephen James Motteram as Noble’s nominee director of the Company to replace Hannah Louise Badenach, the Xanadu Board has approved the appointment of Mr. Motteram as a director of the Company, and noted the resignation of Ms. Badenach as a director of the Company, with effect [...]

Xanadu Mines Ltd. is pleased to advise that recent diamond drilling has intersected wide zones of strong oxide gold mineralisation above the current Mineral Resource at the Copper Hill deposit at its flagship Kharmagtai Project in southern Mongolia . HIGHLIGHTS Four shallow drill holes completed at Copper Hill All drill holes intersect significant oxide gold mineralisation Significant results returned include: - KHDDH520 [...]

Xanadu Mines Ltd. is pleased to announce the second 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 KHDDH499 returns 40m at [...]