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An announcement from Xanadu Mines Ltd ( (AU:XAM) ) is now available.
Xanadu Mines Ltd has successfully delivered a prefeasibility study for its Kharmagtai Project, which outlines a 29-year operation with significant copper and gold production. The transition of operatorship to Zijin Mining Group has been completed, and both companies are working towards a Final Investment Decision. The project is positioned to become a major copper mine in Mongolia, supported by Zijin’s investment and a favorable regulatory environment. Key activities include a bankable feasibility study, securing necessary permits, and ongoing exploration. The joint venture aims to maximize shareholder value while navigating strategic funding options.
More about Xanadu Mines Ltd
Xanadu Mines Ltd is a company involved in the mining industry, with a focus on developing copper and gold projects. Its primary operations are centered around the Kharmagtai Project, which is a large-scale, low-cost, open-pit copper-gold mining operation. The company operates in a joint venture with Zijin Mining Group and is actively engaged in exploration activities in Mongolia.
YTD Price Performance: 53.33%
Average Trading Volume: 170,458
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $55.8M
For an in-depth examination of XAM stock, go to TipRanks’ Stock Analysis page.
