Xanadu Mines Ltd

Xanadu Mines Ltd's Colin Moorhead, Executive Chair & Managing Director presented during the Mining Spotlight session at International Mining and Resources Conference (IMARC), on Wednesday 30 October, showcasing #XAM's journey and what’s to come. He highlighted how the team is successfully advancing Kharmagtai #copper #gold with its supportive 50:50 JV partner, Zijin Mining Group, who have first-rate technical expertise and strong balance sheet, to continue shaping it into the best possible mine for all stakeholders. #ASX #TSX #Mongolia #IMARC #MINESANDMONEY #InvestorPresentation #mininginvestment

via MiningNews.net Xanadu Mines Ltd has secured support for a placement raising at least A$5.5 million at 5.5c and left the door open for more strategic parties to participate as it prepares to advance its flagship Kharmagtai asset in Mongolia towards a final investment decision next year. Raising was less about Kharmagtai, with the company working with Bacchus Capital for non-equity funding for Xanadu's share of the BFS. Read the Article: https://loom.ly/P5UzEgI #XanaduMines #XAM #ASX #TSX #gold #copper #mininginvestment

#ASXNews $5.5 million Placement Xanadu Mines Ltd is pleased to announce the Company has received commitments for a placement to eligible professional and sophisticated investors of approximately 100 million fully-paid ordinary shares in Xanadu at an issue price of $0.055 each to raise approximately $5.5 million (before costs). The Placement is unconditional and will be issued pursuant to the Company’s existing placement. • Firm commitments received for a Placement to raise approximately $5.5 million (before costs). • 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 documentation. • The Company has entered a consultation period with Zijin Mining Group Co., Ltd (Zijin) in respect to the Khuiten Joint Venture (JV). As part of these on-going discussions, Zijin will be given an opportunity to participate in the Placement to maintain its 19.4% shareholding in Xanadu Mines, subject to documentation, regulatory and shareholder approvals. #XAM Executive Chairman & Managing Director, Colin Moorhead, said: “We are pleased with the strong support for this Placement. This provides capital to pursue our broader strategies, as we seek a new discovery at Red Mountain and Sant Tolgoi, to expand our portfolio into new #copper and #gold projects in Mongolia, and it puts us in a strong position to discuss potential strategic interests in Xanadu’s share of the Kharmagtai project. I look forward to updating the market with progress on Xanadu’s exploration portfolio as well as continued news flow from the Kharmagtai project as it moves from Pre-Feasibility into Feasibility stage.” See the full announcement: https://loom.ly/eUeSEps #XanaduMines #ASX #TSX #MiningNews

At Xanadu Mines Ltd and Jefferies discussion yesterday, the recently appointed Minister of Industry and Mineral Resources, Tuvaan Tsevegdorj, and several other representatives from the Mongolian Parliament shared updates and insights on Government of #Mongolia plans to make the #mining sector more globally competitive. Representatives from Sydney’s institutional investment community also provided very valuable and well-received feedback on how to shape the way forward for a mutually beneficial mining future for all stakeholders. #ASX #TSX #MiningInvestment

#ASXNews Xanadu Mines Ltd is pleased to present its Quarterly Activities Report for the quarter ended 30 September 2024. #XAM progressed the Pre-Feasibility Study (PFS) at the Kharmagtai #Copper and #Gold Project through its final stages, reporting strong metallurgical results in late September and reporting full study findings after the quarter on 14 October 2024, demonstrating a larger and more robust project than the 2022 Scoping study at 21% IRR and US$930M post-tax NPV on US$890M pre-production capital. A Maiden Ore Reserve and updated Mineral Resource Estimate (MRE) were published in parallel and based on the PFS design. During the quarter, the Company also commenced #exploration at its new Sant Tolgoi Copper-Nickel Project in North-Western Mongolia. VIEW Full Report: https://loom.ly/wE0rvhQ #XanaduMines #Shareholders #Mining #Investing #Copper #Gold

On Tuesday at the International Mining and Resources Conference (IMARC), Xanadu Mines Ltd's Executive Chair and Managing Director, Colin Moorhead, presented at the #Mongolia Day Program. Keynote speech was delivered by Ministry of Industry & Mineral Resource, Mr Tuvaan Tsevegdorj, who indicated that #Mongolia is very much open to foreign investment in mining projects. Opening remarks were provided by Davaasuren Damdinsuren, Ambassador of Mongolia to Australia for the Government of Mongolia, and Katie Smith, Ambassador of Australia to Mongolia for the Australian Government. #XanaduMines #ASX #MongoliaDay #IMARC #copper #gold

Drop by booth #B13 and check out Xanadu Mines Ltd if you're attending the 2024 Mines & Money International Mining and Resources Conference (IMARC) in Sydney this week. Executive Chairman & Managing Director, Colin Moorhead and the #XAM team will be available at the booth during the conference to share the Xanadu story and connect with potential investors. #IMARC #MINESANDMONEY #XanaduMines #gold #copper

Xanadu Mines Ltd is pleased to showcase Kharmagtai Copper-Gold at the Mines & Money International Mining and Resources Conference (IMARC) this week, in Sydney. This fly-through video provides a detailed overview of what the future Kharmagtai #mining and processing operations could look like, post recent delivery of the Pre-Feasibility Study and Resource upgrade, including maiden Ore Reserve. Kharmagtai is one of few near-term, low-risk development opportunities for copper, with enormous Resource growth potential. WATCH complete fly-through video: https://loom.ly/zIXd4ek VIEW PFS Announcement: https://loom.ly/Pyw743s #Copper #Gold #Mongolia #MiningNews #XanaduMines #ASX #TSX

**UPDATED TIMES** Join Xanadu Mines Ltd at the Mines & Money International Mining and Resources Conference (IMARC), Australia’s largest mining event, on 29 - 31 October 2024 in Sydney, who will be presenting on the following dates: 1) Tuesday 29 October, 3:10pm AEDT Mongolia, Opportunities for Global Trade & Investment #XAM Executive Chair and MD, Colin Moorhead REGISTER https://loom.ly/W-iU-kQ 2) Wednesday 30 October, 4:05pm AEDT Mining Spotlight: Accessing Capital for Project Development, Innovation and Commercialisation XAM Executive Chair and MD, Colin Moorhead REGISTER https://loom.ly/JdqfrwA 3) Wednesday 30 October, 4:55pm AEDT Developing Discoveries into Mines XAM Chief Development Officer and Chief Financial Officer, Spencer Cole REGISTER https://loom.ly/JdqfrwA Please come by to see the #XAM team, at Booth #B13 #ASX #TSX #Mongolia #copper #gold #MiningInvestment #IMARC #MINESANDMONEY

MST Financial prepared Xanadu Mines Ltd research update post PFS, as well as Resource upgrade including maiden Ore Reserve. Their risked valuation increases to A$0.24/share (previously A$0.22). Read full Research: https://loom.ly/nhfriHg #XanaduMines #MiningInvestment #copper #gold #ASX #TSX