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Bastion Mining Secures Control, Makes Xanadu Offer Unconditional

11:21am on Tuesday 24th of June, 2025 AEST • Mining
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Bastion Mining Secures Control, Makes Xanadu Offer Unconditional

11:21am on Tuesday 24th of June, 2025 AEST
Key Points
  • Bastion Mining acquires 55.65% voting power in Xanadu Mines
  • Key defeating condition of 50.1% shareholding fulfilled
  • Takeover offer now unconditional
  • Off-market bid progressing as planned
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