Latest Xam News

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Xanadu Mines Ltd shares will be suspended from ASX trading following compulsory acquisition notices issued by Bastion Mining Pte. Ltd, signaling a significant shift in ownership.
Maxwell Dee
Maxwell Dee
1 Aug 2025
Bastion Mining has taken control of over 90% of Xanadu Mines shares through a takeover bid, moving swiftly to compulsory acquisition and setting the stage for the Kharmagtai project’s next phase.
Maxwell Dee
Maxwell Dee
29 July 2025
Bastion Pte. Mining Ltd has secured an 86.8% interest in Xanadu Mines, prompting the board to recommend shareholders accept the takeover offer ahead of its extended July 29 closing date.
Maxwell Dee
Maxwell Dee
8 July 2025
Xanadu Mines has announced that Bastion Mining’s takeover offer is now unconditional, with key shareholders Zijin and CAAF Ltd accepting the bid and the offer period extended to mid-July.
Maxwell Dee
Maxwell Dee
24 June 2025
Bastion Mining has surpassed the critical 50.1% ownership threshold in Xanadu Mines, removing key conditions from its takeover bid and declaring the offer unconditional.
Maxwell Dee
Maxwell Dee
24 June 2025
Xanadu Ltd’s major shareholder Zijin Mining has accepted Bastion Pte. Mining Ltd’s takeover offer, pushing Bastion’s stake close to 30% and prompting the Takeover Committee to recommend shareholders accept the bid.
Maxwell Dee
Maxwell Dee
17 June 2025
Xanadu Mines Limited has received a conditional off-market takeover offer from Bastion Mining Pte Ltd at A$0.08 per share, representing a significant premium. The company’s independent Takeover Committee unanimously recommends acceptance, supported by an independent expert’s fair and reasonable valuation.
Maxwell Dee
Maxwell Dee
27 May 2025
Bastion Mining has tabled a recommended $0.08 per share cash offer for Xanadu Mines, representing a significant premium and backed unanimously by Xanadu's independent directors and largest shareholder.
Maxwell Dee
Maxwell Dee
27 May 2025
Xanadu Mines has received a takeover bid from Bastion at A$0.08 per share, representing a substantial premium and backed unanimously by the board and major shareholder CAAF. The offer includes a $17.2 million capital injection and is subject to limited conditions.
Maxwell Dee
Maxwell Dee
19 May 2025
Xanadu Mines has transitioned operatorship of its flagship Kharmagtai project to Zijin Mining, delivered key feasibility milestones, and is now exploring strategic funding and corporate options amid a solid cash position.
Maxwell Dee
Maxwell Dee
30 Apr 2025
Xanadu Mines has delivered a landmark Pre-Feasibility Study and Maiden Ore Reserve for its Kharmagtai Copper-Gold Project, confirming its status as a world-class asset. The company also secured $7.5 million in funding and transitioned project operatorship to Zijin Mining, setting the stage for a Bankable Feasibility Study.
Maxwell Dee
Maxwell Dee
31 Jan 2025
Xanadu Mines has lodged a comprehensive NI 43-101 technical report for its Kharmagtai Copper-Gold Project, revealing key differences in production and economic outcomes compared to earlier ASX disclosures due to regulatory standards.
Maxwell Dee
Maxwell Dee
20 Jan 2025