Xanadu Mines Ltd.

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 [...]

Xanadu Mines Ltd. is pleased to announce the completion on 10 March 2023 of Phase 2 and Phase 3 of its Strategic Partnership with Zijin Mining Group Co. Ltd.. . This provides crucial funding for the Company's flagship Kharmagtai Copper-Gold Project through the next phase of project evaluation and exploration, leading to formal Decision to Mine. It will also provide funding to Xanadu for activities outside of Kharmagtai [...]

Xanadu Mines Ltd. is pleased to announce that Zijin Mining Group Co. Ltd.. has advised Xanadu of the receipt of regulatory approvals from the People's Republic of China , which completes the final key regulatory approval required to progress Phase 2 and Phase 3 of the Strategic Partnership1 between Xanadu and Zijin. The Strategic Partnership will fully fund the Company's flagship Kharmagtai Copper-Gold Project through the [...]

Xanadu Mines Ltd. is pleased to announce the Company has received firm commitments for a placement to eligible professional and sophisticated investors of 41,887,844 fully-paid ordinary shares in Xanadu at an issue price of $0.027 each to raise $1,130,971.79 . Highlights Firm commitments received for a Placement to raise approximately $1.1 million Well supported by both domestic and international institutions Provides [...]

Xanadu Mines Ltd. is pleased to announce the execution of formal documentation for Phases 2 and 3 of the transaction with Zijin Mining Group Co., Limited 1. This entails Zijin subscribing for additional shares in Xanadu to increase its corporate shareholding to 19.99% and the formation of a 50:50 Kharmagtai Joint Venture through Xanadu's 100% owned subsidiary Khuiten Metals Pte. Ltd. , which holds a 76.5% effective [...]

Xanadu Mines Ltd. is pleased to announce initial trenching results from the 100% owned Red Mountain project located within the Dornogovi Province of southern Mongolia, approximately 420km southeast of Ulaanbaatar and 70km west of the provincial centre of Sainshand. Highlights Assays returned for 1,170m of the 6,500m trenching program at Red Mountain. Initial focus on Target 33 returned a broad zone of shallow gold [...]