logo-loader

Xanadu Mines to lift cash position following porphyry discovery

Published: 10:40 13 Jun 2018 AEST

1528850602_australian-cash-2
The company remains focused on Mongolia

Xanadu Mines Ltd (ASX:XAM) recently made a porphyry discovery at its flagship Kharmagtai copper and gold project located in the South Gobi region of Mongolia.

READ: Xanadu Mines assays 750 metres of copper-gold in new holes from Zaraa discovery

To continue to advance the next steps, Xanadu is heading to market with a capital raising, and the ASX has granted a trading halt to prepare.

The halt will remain in place until Friday 15 June 2018, or earlier if an announcement is made to the market.

OzAurum to start drilling at Boca Rica Lithium Project

OzAurum Resources Ltd (ASX:OZM) CEO and managing director Andrew Pumphrey sits down with Proactive’s Jonathan Jackson to discuss an upcoming drilling program at Boca Rica Lithium Project in Brazil, following the identification of a spodumene zone. The company plans to start drilling in the next...

2 hours ago