Xanadu Mines Ltd (AU:XAM) has released an update.
Xanadu Mines Ltd has partnered with Bacchus Capital Advisers to guide strategic and funding efforts for its Kharmagtai Copper-Gold Project in Mongolia. The company is currently conducting a Pre-Feasibility Study, expected to be completed by Q3 2024, which will inform the decision to move towards a full Feasibility Study and potential financial investment. Xanadu is exploring various financing options, including project financing and put options with Zijin Mining Group, to support its 50-50 joint venture.
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