Xanadu Mines Ltd. is pleased to advise an initial 5,000m diamond drilling programme to test five main target areas at the highly prospective 100% owned Red Mountain copper and gold Project in the South Gobi region of Mongolia is now underway, with drilling expected to be completed by mid-May, and all assays available by end-June. Highlights Exploration drilling focused on discovery of shallow high-grade gold and [...]
Xanadu Mines Ltd. is pleased to announce that the hydrological drilling program has re-commenced for the Kharmagtai Pre-Feasibility Study , which is being developed with the Company's joint venture partner Zijin Mining Group Co. Ltd.. . Water supply is a core input to the study; a key driver to maximise processing throughput for the project. Highlights A hydrological drill program has recommenced with two diamond drill [...]
This notice is given by Xanadu Mines Ltd. under section 708A of the Corporations Act 2001 . Xanadu Mines advises that on 4 March 2024, it issued 15,185,328 fully paid ordinary shares at a price of $0.055 per share, to Jinping Mining Pte Ltd pursuant to a Share subscription agreement signed on 8 December 2023 . Xanadu Mines advises that: the New Shares were issued without disclosure under Part 6D.2 of the Act; this notice [...]
Xanadu Mines Ltd. is pleased to update on metallurgical testwork for the Kharmagtai Project in Mongolia, being developed with the Company's joint venture partner Zijin Mining Group Co. Ltd.. . Oxide leach recovery results demonstrate material progress towards one of the multiple uplift scenarios defined in the Kharmagtai Scoping Study1, with value add likely; reducing mining strip and generating earlier operating [...]
Xanadu Mines is pleased to announce that the placement of 15,185,328 fully paid ordinary shares to Jinping Mining Pte Ltd, a wholly owned indirect subsidiary of Zijin Mining Group, at an issue price of A$0.055 per share, completed today. Details of the proposed placement to Zijin were announced to ASX on 20 Nov 2023 and 8 Dec 2023. Completion follows the satisfaction of all Conditions Precedent under the Share [...]
Xanadu Mines Ltd. is pleased to announce that the placement of 15,185,328 fully paid ordinary shares to Jinping Mining Pte Ltd, a wholly owned indirect subsidiary of Zijin Mining Group Co. Ltd. , at an issue price of A$0.055 per share, completed today. Details of the proposed placement to Zijin were announced to ASX on 20 November 2023 and 8 December 2023. Completion follows the satisfaction of all Conditions Precedent [...]
Xanadu Mines Ltd. is pleased to provide an update on metallurgical test work for the Kharmagtai Project in Mongolia, being developed with the Company's joint venture partner Zijin Mining Group Co. Ltd.. . The sulphide rougher recovery results represent a very positive technical and economic outcome for the Kharmagtai Pre-Feasibility Study . Next stage cleaner recovery and oxide leach test work continues to progress to [...]
Xanadu Mines Ltd. advises that as required by ASX Listing Rule 3.13.2 and Section 251AA of the Corporations Act 2001 , the results of Xanadu Mines Ltd.'s 2024 Extraordinary General Meeting held today, are set out in the attached report and includes a summary of the poll voting results and votes by proxies on the items of business considered at the General Meeting. For further information, please contact: Colin Moorhead [...]
December 2023 Quarter Highlights During the quarter ending 31 December 2023 , Xanadu Mines Ltd. continued to execute its three horizon strategy making strong progress on the Kharmagtai Project Pre-Feasibility Study and associated exploration activities , funded at Kharmagtai by US$35 million cash from the Joint Venture with Zijin Mining Group Co. Ltd.. . This progress included an important project milestone with the [...]
Xanadu Mines Ltd. is pleased to provide an update on exploration drilling at the Kharmagtai Project in Mongolia, being developed with the Company's joint venture partner Zijin Mining Group Co. Ltd.. . Exploration drilling continues to expand upon the new zone of higher-grade copper and gold mineralisation at the White Hill deposit, demonstrating progressive growth in higher-grade material at the base of the previously [...]
Xanadu Mines Ltd. is pleased to announce it has agreed a binding term sheet with STSM LLC granting the right to earn up to 80% interest in two exploration licences XV-17774 and XV-21887 located in the Zavkhan Province of Western Mongolia. These two licenses make up the Sant Tolgoi Project, which is considered highly prospective for discovery of new magmatic intrusion-related Copper-Nickel systems. Highlights Xanadu agrees [...]
Xanadu Mines Ltd. announces that an Extraordinary General Meeting will be held on Tuesday, February 6, 2024 commencing at 11:00 am at the Victoria Hotel, 215 Little Collins Street, Melbourne, Victoria, Australia . Further to the Company's press release of November 20, 2023, the Meeting has been called to seek approval of two resolutions: Ratification of prior issue of 62,996,490 new shares to Tranche 1 Participants [...]
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