Company Press Releases

Quarterly Activities Report

2023-05-01 / @GlobeNewswire

For The Three Months Ended 31 March 2023(Figures Are Unaudited And In A$ Except Where Stated) TORONTO, May 01, 2023 (GLOBE NEWSWIRE) -- March 2023 Quarter Highlights During the quarter ended 31 March 2023 (March Quarter), Xanadu Mines Ltd (Xanadu or the Company) completed...Read More

Kharmagtai Pre-Feasibility drilling off to a flying start

2023-04-13 / @GlobeNewswire

TORONTO, April 13, 2023 (GLOBE NEWSWIRE) -- Xanadu Mines Ltd (ASX: XAM, TSX: XAM) (Xanadu, XAM or the Company) is pleased to announce a 30,000-metre infill diamond drill programme to support the Pre-Feasibility Study (PFS) is well-underway at the Kharmagtai copper-gold project (Figure 1)....Read More

Zijin and Xanadu Transaction Completed and Kharmagtai PFS Underway

2023-03-10 / @GlobeNewswire

TORONTO, March 10, 2023 (GLOBE NEWSWIRE) -- Xanadu Mines Ltd (ASX: XAM, TSX: XAM) (Xanadu or the Company) 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. (Zijin). This provides crucial funding for...Read More

Final Regulatory Approval Funds Kharmagtai Pre-Feasibility Study and Exploration

2023-02-27 / @GlobeNewswire

TORONTO, Feb. 27, 2023 (GLOBE NEWSWIRE) -- Xanadu Mines Ltd (ASX: XAM, TSX: XAM) (Xanadu or the Company) is pleased to announce that Zijin Mining Group Co., Ltd. (Zijin) has advised Xanadu of the receipt of regulatory approvals from the People’s Republic of China (PRC), which comple...Read More

Xanadu Mines Announces $1.1 million Placement

2023-01-18 / @GlobeNewswire

Not for release to US wire services or distribution in the United States TORONTO, Jan. 18, 2023 (GLOBE NEWSWIRE) -- Xanadu Mines Ltd (ASX:XAM, TSX:XAM) (Xanadu or the Company) is pleased to announce the Company has received firm commitments for a placement to eligible professional and s...Read More

Investment Deal Signed with Zijin; Pathway to Kharmagtai Production

2022-12-21 / @GlobeNewswire

TORONTO, Dec. 21, 2022 (GLOBE NEWSWIRE) -- Xanadu Mines Ltd (ASX: XAM, TSX:XAM) (Xanadu or the Company) is pleased to announce the execution of formal documentation for Phases 2 and 3 of the transaction with Zijin Mining Group Co., Limited (Zijin)1. This entails Zijin subscribing for addit...Read More

Broad, Shallow Gold Zone at Red Mountain

2022-09-27 / @GlobeNewswire

TORONTO, Sept. 27, 2022 (GLOBE NEWSWIRE) -- Xanadu Mines Ltd (ASX: XAM, TSX: XAM) (Xanadu or the Company) 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 U...Read More

Exploration Ramps Up at Red Mountain

2022-08-24 / @GlobeNewswire

TORONTO, Aug. 24, 2022 (GLOBE NEWSWIRE) -- Xanadu Mines Ltd (ASX: XAM, TSX: XAM) (Xanadu or the Company) is pleased to announce the restart of exploration work at our 100% owned Red Mountain project located in the South Gobi region of Mongolia (Figure 1). Highlights Exploration targeting...Read More

Foreign Investment Review Board Approves Zijin Investment in Xanadu

2022-08-22 / @GlobeNewswire

TORONTO, Aug. 22, 2022 (GLOBE NEWSWIRE) -- Xanadu Mines Ltd (ASX: XAM, TSX: XAM) (Xanadu or the Company) is pleased to announce that Zijin Mining Group Co., Ltd. (Zijin) has advised Xanadu that on 11 August 2022, the Australian Foreign Investment Review Board (FIRB) issued a no objection n...Read More

Positive Metallurgical Test Results for Oxidised Material at Kharmagtai

2022-08-02 / @GlobeNewswire

TORONTO, Aug. 02, 2022 (GLOBE NEWSWIRE) -- Xanadu Mines Ltd (ASX: XAM, TSX: XAM) (Xanadu or the Company) is pleased to update the market on its on-going metallurgical test program at the Kharmagtai Copper-Gold Project in the South Gobi region of Mongolia. Highlights Preliminary metallurg...Read More

Xanadu Annual and General Meeting Results

2022-07-16 / @GlobeNewswire

TORONTO, July 15, 2022 (GLOBE NEWSWIRE) -- Xanadu Mines Ltd (ASX: XAM, TSX: XAM) (Xanadu or the Company) announces the results of its annual general meeting of shareholders (the "Meeting") of the Company held May 17, 2022. All matters presented for approval at the Meeting by mana...Read More

Strategic partnership with Zijin Mining Group

2022-04-19 / @nasdaq

Not for release to US wire services or distribution in the United States TORONTO, April 19, 2022 (GLOBE NEWSWIRE) -- Xanadu Mines Ltd (ASX: XAM, TSX:XAM) (Xanadu or the Company) is pleased to announce a strategic partnership (Agreement) with Zijin Mining Group Co., Ltd (Zijin) to progre...Read More

Xanadu Mines Ltd Scoping Study - Kharmagtai Copper-Gold Project

2022-04-06 / @nasdaq

TORONTO, April 06, 2022 (GLOBE NEWSWIRE) -- Xanadu Mines Ltd (ASX: XAM, TSX: XAM) (Xanadu, XAM or the Company) is pleased to announce the release of the Scoping Study (Study) for its flagship Kharmagtai Copper-Gold Project, based on an updated 2021 Mineral Resource Estimate, located in the...Read More

Investor Webinar - Kharmagtai Scoping Study

2022-04-07 / @nasdaq

TORONTO, April 07, 2022 (GLOBE NEWSWIRE) -- Xanadu Mines Ltd (ASX: XAM, TSX: XAM) (Xanadu or the Company) is pleased to advise that its Executive Chairman and Managing Director, Colin Moorhead, will be holding a live investor webinar to discuss outcomes of the recently released positive Sc...Read More

Xanadu Enters Exciting New Phase

2022-03-23 / @nasdaq

TORONTO, March 23, 2022 (GLOBE NEWSWIRE) -- Xanadu Mines Ltd (ASX: XAM, TSX: XAM) (Xanadu or the Company) is pleased to announce an internal restructure of its Board and leadership teams as the Company progresses its flagship Kharmagtai project into the development phase. Following the...Read More

Technical Report to Support Kharmagtai Mineral Resource Upgrade

2022-02-28 / @nasdaq

TORONTO, Feb. 28, 2022 (GLOBE NEWSWIRE) -- Xanadu Mines Ltd (ASX: XAM, TSX: XAM) (Xanadu, XAM or the Company) is pleased to announce that the Company has filed an Independent National Instrument 43-101 Technical report (NI 43-101 Technical Report) titled “Mineral Resource Estimation...Read More

Kharmagtai Resource Grows to 1.1 Billion Tonnes, Containing 3Mt Cu and 8Moz Au

2021-12-08 / @nasdaq

TORONTO, Dec. 08, 2021 (GLOBE NEWSWIRE) -- Xanadu Mines Ltd (ASX: XAM, TSX: XAM) (Xanadu, XAM or the Company) is pleased to report an updated Mineral Resource Estimate (Resource, Mineral Resource or MRE) for its flagship copper-gold project at Kharmagtai, in the South Gobi region of Mongol...Read More

Further Extensions to High Grade Zones at Stockwork Hill

2021-12-01 / @nasdaq

TORONTO, Dec. 01, 2021 (GLOBE NEWSWIRE) -- Xanadu Mines Ltd (ASX: XAM, TSX: XAM) (Xanadu or the Company) is pleased to update the market on its on-going exploration program for porphyry copper and gold deposits at the Kharmagtai District in the South Gobi region of Mongolia. Highlights&#x...Read More

Xanadu Consolidates 100% Ownership of Red Mountain

2021-10-27 / @nasdaq

TORONTO, Oct. 27, 2021 (GLOBE NEWSWIRE) -- Xanadu Mines Ltd (ASX: XAM, TSX: XAM) (Xanadu or the Company) is pleased to announce it has consolidated 100% ownership of the highly prospective Red Mountain copper-gold porphyry district. The Red Mountain district is located within the Dornogovi...Read More

Target Program Completed at Red Mountain

2021-07-22 / @nasdaq

TORONTO, July 22, 2021 (GLOBE NEWSWIRE) -- Xanadu Mines Ltd (ASX: XAM, TSX: XAM) (Xanadu or the Company) is pleased to provide an exploration update for the Red Mountain copper-gold district (Figures 3 and 4), a joint venture with the Japan Oil, Gas and Metals National Corporation (JOGMEC...Read More

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