Xanadu Mines Ltd.

Xanadu Mines Ltd. advises that on 8 November 2024, it issued 100,000,004 fully paid ordinary shares at a price of $0.055 per share, to a range of sophisticated investors under an Equity Placement led by Bell Potter Securities Limited and Ord Minnett Limited . Xanadu Mines advises that: the New Shares were issued without disclosure under Part 6D.2 of the Act; this notice is being given under section 708A of the Act; as at [...]

Not for release to US wire services or distribution in the United States Highlights Firm commitments received for a Placement to raise approximately $5.5 million . The Placement was well supported by both domestic and international, natural resources-focused institutional investors. The Placement may be expanded to include other potential strategic parties on similar terms, subject to final approvals and formal [...]

Xanadu Mines Ltd. is pleased to report an increase in the Mineral Resource Estimate and a Maiden Ore Reserve for its flagship copper-gold project at Kharmagtai, in the South Gobi region of Mongolia . The MRE update incorporates a revised cut-off grade to align to the marginal cut-off grade in the Kharmagtai Pre-Feasibility Study . The updated Mineral Resource Estimate and Maiden Ore Reserve are reported in concert with [...]

Xanadu Mines Ltd. is pleased to provide the Pre-Feasibility Study for its flagship Kharmagtai Copper-Gold Project , located in an established mining jurisdiction in the South Gobi region of Mongolia. This Study confirms the potential of Kharmagtai as a globally significant, long life, low cost, low risk future copper-gold mine. It is based on conventional open pit mining and sulphide flotation, with low environmental [...]

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 [...]