Xanadu Mines advises that as required by ASX Listing Rule 3.13.2 and Section 251AA of the Corporations Act 2001, the results of Xanadu Mines's Extraordinary General Meeting held 11 April 2025, are set out in the attached report and includes a summary of the poll voting results and votes by proxies on the item of business considered at the General Meeting. In accordance with Listing Rule 3.13.2 Xanadu advises that [...]
Xanadu Mines refers to its announcement dated 12 March 2025 in relation to an Extraordinary General Meeting to be held on Friday, 11 April 2025. The EGM included a resolution to approve the exercise of a put option previously granted by the Company's major shareholder and joint venture partner, Zijin Mining Group, to allow the Company to dispose of a 25% interest in Khuiten Metals. This resolution shall be withdrawn until [...]
Xanadu Mines is pleased to provide an update on The Kharmagtai Project and associated discussions about the next steps for the development of the Kharmagtai copper-gold Project with our JV partner, Zijin Mining Group. Highlights Xanadu delivered a prefeasibility study for the Kharmagtai Project late in the September Quarter of 2024, outlining a 29-year, large scale, low cost, open pit copper-gold operation. Under the [...]
Xanadu Mines announces that the Company has filed an independent National Instrument 43-101 technical report titled National Instrument 43-101 Report, Kharmagtai Copper-Gold Project, effective 10 October 2024. The NI 43-101 Technical Report for the Kharmagtai Pre-Feasibility Study was authored under supervision of Julien Lawerence, who is an independent Qualified Person as defined by NI 43-101. Mr. Lawrence has reviewed [...]
Xanadu Mines is pleased to announce that the placement of 26,515,543 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 14 Nov 2024 and 5 Nov 2024. Completion follows the satisfaction of all Conditions Precedent under the Share [...]
Xanadu Mines is pleased to announce strong surface copper assay results from its Sant Tolgoi Project. Geological mapping, surface rock-chip sampling and geophysics have confirmed the preference of several large anomalies associated with outcropping mafic intrusions. The objective of the multi-discipline exploration programme is to collect the data required to identify drill targets within the large Sant Tolgoi Intrusive [...]
Not for release to US wire services or distribution in the United States Highlights 4 November Placement expanded to $7.5 million, an increase of $2.0 million on the same terms Includes 10 million new shares to a sophisticated Australian investor Includes 26.5 million new shares to Zijin Mining Group Co. Ltd. for $1.46 million to maintain its pro-rata 19.42% of Xanadu, subject to Xanadu shareholder approval. TORONTO, Nov [...]
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 [...]
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