Bullboard - Stock Discussion Forum Xanadu Mines Ord Shs T.XAM

Alternate Symbol(s): XANAF

Metals & Mining Industrial Metals & Minerals

Xanadu Mines Limited is an exploration company. The Company is engaged in the exploration and development of its various mineral exploration projects in Mongolia. The Company focuses on the exploration for copper and gold. The Company operates through the Mongolian exploration projects segment. The Company's projects include Kharmagtai Copper-gold Project, Oyut Ulaan Project and Sharchuluut... see more

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Xanadu Mines Ord Shs > Finding gold in the Mongolian hills

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Post by Medam21 on Dec 09, 2021 9:25pm

Finding gold in the Mongolian hills

https://twitter.com/XanaduMines_ASX/status/1469124878112460806?t=n98Im85zE--nkoaqSd8utA&s=09

Andrew Stewart, Chief Executive of Xanadu Mines (XAM) runs through the latest Mineral Resource Estimate for its copper-gold project at Kharmagtai, in Mongolia. A scoping study is underway to model the project, where the flat terrain and easy access to infrastructure are key advantages. Operating out of Mongolia isn't expected to throw up challenges as the company moves from exploration to eventual production. There is also strong exploration upside, with this updated Resource Estimate covering only 30% of the 8km long complex.

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