XANADU MINES LTD overview

TORONTO, April 23, 2024 (GLOBE NEWSWIRE) -- Xanadu Mines Ltd (ASX: XAM, TSX: XAM ) ( Xanadu, XAM or the Company ) is pleased to provide an update on metallurgical testwork for the Kharmagtai Copper-Gold Project ( Kharmagtai ) in Mongolia, being developed with the Company’s joint venture partner, Zijin Mining Group Co., Ltd. (Zijin ). The Eriez HydroFloat test work for evaluating coarse ore flotation has demonstrated excellent results for one of the key uplift scenarios defined in the...

TORONTO, April 18, 2024 (GLOBE NEWSWIRE) -- Xanadu Mines Ltd (ASX: XAM, TSX: XAM ) ( Xanadu, XAM or the Company ) is pleased to announce that it has engaged Bacchus Capital Advisers Limited ( Bacchus ) 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 ( PFS ) at its Kharmagtai copper-gold project, a 50-50 joint venture with Zijin Mining Group Co Ltd ( Zijin )....

TORONTO, March 27, 2024 (GLOBE NEWSWIRE) -- Xanadu Mines Ltd ( ASX: XAM, TSX: XAM ) (“Xanadu” or “the Company” ) is pleased to advise that in accordance with ASX Listing Rule 3.13.1, Xanadu will hold its 2024 Annual General Meeting on: Date: Thursday, 23 May 2024 Time: 11:00am AEST Location: Victoria Hotel 215 Little Collins Street Melbourne Victoria 3000 Australia The closing date for the receipt of nominations from persons wishing to be considered for election as a director is...

TORONTO, March 27, 2024 (GLOBE NEWSWIRE) -- Xanadu Mines Ltd (ASX: XAM, TSX: XAM) ( Xanadu or the Company ) 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...

TORONTO, March 27, 2024 (GLOBE NEWSWIRE) -- Xanadu Mines Ltd (ASX: XAM, TSX: XAM ) ( Xanadu, XAM or the Company ) is pleased to announce that the hydrological drilling program has re-commenced for the Kharmagtai Pre-Feasibility Study ( PFS ), which is being developed with the Company’s joint venture partner Zijin Mining Group Co., Ltd. (Zijin ). 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...

TORONTO, March 06, 2024 (GLOBE NEWSWIRE) -- This notice is given by Xanadu Mines Ltd (ACN 1144 249 026) ( Xanadu Mines or the Company ) under section 708A(5)(e) of the Corporations Act 2001 (Cth) ( Act ). 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 (Singapore) Mining Pte Ltd (a wholly owned indirect subsidiary of Zijin Group Mining Co. Ltd) pursuant to a Share subscription agreement signed on 8 December...

TORONTO, March 06, 2024 (GLOBE NEWSWIRE) -- Xanadu Mines Ltd (ASX: XAM, TSX: XAM ) ( Xanadu, XAM or the Company ) 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. (Zijin ). Oxide leach recovery results demonstrate material progress towards one of the multiple uplift scenarios defined in the Kharmagtai Scoping Study 1 , with value add likely; reducing mining strip and...

TORONTO, March 04, 2024 (GLOBE NEWSWIRE) -- Xanadu Mines Ltd ( ASX:XAM , TSX:XAM ) ( Xanadu or the Company ) is pleased to announce that the placement of 15,185,328 fully paid ordinary shares to Jinping (Singapore) Mining Pte Ltd, a wholly owned indirect subsidiary of Zijin Mining Group Co. Ltd (Zijin) , 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...