Proactive Investors - Run By Investors For Investors

Xanadu Mines tightens focus on key porphyry targets in Mongolia

The halt will remain in place until the opening of trade on Thursday 28th September 2017.
Xanadu Mines tightens focus on key porphyry targets in Mongolia
The company's shares are in pre-open

Xanadu Mines Ltd (ASX:XAM) earlier this week identified three new large porphyry targets at its flagship Kharmagtai project in Mongolia.

Work is underway at the porphyry targets to vector towards the higher grade core of the system.

READ NOW: Xanadu Mines confirms three large porphyry targets.

The company is now heading to market with a capital raising, and the ASX has granted a trading halt to prepare.

The halt will remain in place until the opening of trade on Thursday 28th September 2017, or earlier if an announcement is made to the market.

View full XAM profile View Profile

Xanadu Mines Ltd Timeline

Related Articles

Speewah project in WA
January 25 2019
The company hopes to update its scoping study this quarter and produce a PFS by July.
1538719481_shutterstock_145281661.jpg
October 06 2018
Northwest Nonferrous Australia Mining sold the project to De Grey in a transaction for which it will pay another $10.4 million in cash and $3 million in shares.
Lithium Australia aspires to ‘close the loop’ on the energy-metal cycle
March 12 2019
Recent results show high-quality lithium-ion batteries can be generated from mine waste using its process.

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use