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 [...]
Xanadu Mines Ltd. refers to the ASX/TSX Announcement dated 10 July 2019, whereby it was advised that, as disclosed in the Non-renounceable Rights Issue Offer Document, Patersons Securities Limited, who acted as Lead Manager, and the directors of Xanadu, reserved the right to place any of the remaining shortfall shares at or greater than the rights issue price of $0.052 per share . Xanadu is pleased to advise that [...]
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 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 [...]
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