Xanadu Mines Ltd (AU:XAM) has released an update.
Xanadu Mines Ltd has announced the engagement of Bacchus Capital Advisers to guide strategic and project financing for its Kharmagtai Copper-Gold Project in Mongolia. The company, in a joint venture with Zijin Mining, is progressing a Pre-Feasibility Study due in Q3 2024, with several options for funding the next stages of development. Xanadu’s leadership is confident that Bacchus’ expertise, alongside Jefferies as M&A Adviser, will maximize shareholder value from this significant copper-gold venture.
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