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Xanadu Mines Advances Kharmagtai with PFS and $7.5M Capital Raise
1:16pm on Friday 31st of January, 2025 AEDT
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Mining
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Xanadu Mines Advances Kharmagtai with PFS and $7.5M Capital Raise
1:16pm on Friday 31st of January, 2025 AEDT
Key Points
Pre-Feasibility Study confirms 29-year life, low-cost Kharmagtai copper-gold mine
Operatorship of Kharmagtai JV transferred to Zijin Mining Group
$7.5 million equity placement completed, including Zijin maintaining pro-rata share
Promising high-grade copper results at Sant Tolgoi Copper-Nickel Project
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