This notice is given by Xanadu Mines Ltd. under section 708A of the Corporations Act 2001 . Xanadu Mines advises that on 24 November 2023, it issued 62,996,490 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 . Xanadu Mines advises that: the New Shares will be offered without disclosure under Part 6D.2 of the [...]
Xanadu Mines Ltd. is pleased to announce the Company has received commitments for a placement to eligible professional and sophisticated investors of 78,181,818 fully-paid ordinary shares in Xanadu at an issue price of $0.055 each to raise A$4,299,999.99 . The Placement will complete in two tranches. The first tranche, being the issue of 62,996,490 New Shares, is unconditional and will be issued pursuant to the Company's [...]
Xanadu Mines Ltd. is pleased to provide an update on deep and shallow exploration drilling currently underway at the Kharmagtai Project in Mongolia, being undertaken with the Company's joint venture partner Zijin Mining Group Co. Ltd.. . Xanadu's experienced exploration team is currently operating three diamond drill rigs which are focused on delivering new discoveries outside the current Mineral Resource Estimate at the [...]
Xanadu Mines Ltd. is pleased to provide an update on infill drilling at the Kharmagtai Project in Mongolia, being developed with the Company's joint venture partner Zijin Mining Group Co. Ltd.. . Infill drilling continues to expand upon the new zone of high-grade copper and gold mineralisation at the White Hill deposit, demonstrating progressive growth in high-grade material at the base of the previously optimised open [...]
Xanadu Mines Ltd. and its joint venture partner Zijin Mining Group Co. Ltd.. are pleased to announce delivery of further higher-grade drill results during Phase One infill drilling at the Kharmagtai Copper and Gold Project, in preparation for the Prefeasibility Study . Highlights New infill drilling conducted in preparation for the PFS has returned strong higher-grade results from the Stockwork Hill deposit. Best downhole [...]
June 2023 Quarter Highlights During the quarter ending 30 June 2023 , Xanadu Mines Ltd. ramped up to full scale the Pre-Feasibility programme and Discovery Exploration activities at our flagship Kharmagtai copper-gold project, funded by US$35 million cash from the Joint Venture with Zijin Mining Group Co. Ltd.. . Significant progress was made in both PFS and Exploration, on schedule and budget, building tangible value at [...]
Xanadu Mines Ltd. and its joint venture partner Zijin Mining Group Co. Ltd.. are pleased to provide an update on recent infill drilling at the Kharmagtai Project in Mongolia. Infill drilling has defined a new zone of high-grade copper and gold mineralisation at the White Hill deposit and results continue to validate the total mineral resource model. Highlights Approximately 27,000m of Phase One diamond drilling has been [...]
Xanadu Mines Ltd. and its joint venture partner Zijin Mining Group Co. Ltd.. are pleased to announce results from the first 3,400m shallow exploration discovery drilling at Kharmagtai , targeting additional copper-gold deposits outside the current Mineral Resource Estimate . Highlights New shallow discovery drilling intersects both high-density stockwork, breccia mineralisation and gold only mineralisation across three [...]
Xanadu Mines Ltd. and its joint venture partner Zijin Mining Group Co. Ltd.. are pleased to provide an update for the Kharmagtai Prefeasibility Study infill drilling program underway. Highlights Approximately 15,000m of Phase One diamond drilling has been completed at the Kharmagtai Stockwork Hill and White Hill deposits. Assay results returned for thirty-one drill holes. Exceptional highlights include: Several holes [...]
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 2023 Annual General Meeting held as a Hybrid Meeting 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 Annual General Meeting. For further information, please [...]
March 2023 Quarter Highlights During the quarter ended 31 March 2023 , Xanadu Mines Ltd. completed its landmark investment deal with Zijin Mining Group Co. Ltd. , following shareholder approval at the Extraordinary General Meeting1 and Zijin receiving regulatory approval from the People's Republic of China.2 This included the Phase 2 placement resulting in Zijin as 19.4% shareholder in Xanadu and the Phase 3 Joint [...]
Xanadu Mines Ltd. is pleased to announce a 30,000-metre infill diamond drill programme to support the Pre-Feasibility Study is well-underway at the Kharmagtai copper-gold project . A key objective of drilling program is to upgrade the current open-pit Mineral Resource1 areas to at least Indicated classification and to inform the geometallurgical and geotechnical models needed to complete the PFS and support delivery of a [...]
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