Xanadu Mines Ltd

Xanadu Mines boosts Kharmagtai project value with potential low-cost gold leach operation

Xanadu Mines Ltd (ASX:XAM) managing director & CEO Andrew Stewart speaks to Proactive Investors about the company's Kharmagtai Copper-Gold Project in Mongolia. 
Preliminary test work on diamond core from shallow oxide gold mineralisation has revealed an opportunity for a low cost, high-value gold leach operation which could be run early in the development life of Kharmagtai. 
This would be a significant cash injection into the project to offset the cost of developing a large-scale copper-gold mine.

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Price: $0.06

Market: ASX
Market Cap: $39.93 m

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Xanadu Mines set to 'add a lot of value to Kharmagtai project in next 6-12...

Xanadu Mines Ltd (ASX:XAM) (TSX:XAM) managing director Dr Andrew Stewart speaks to Proactive Investors about exploration works at the company’s flagship Kharmagtai copper-gold porphyry project, located in the South Gobi region of Mongolia. A Preliminary Economic Assessment (PEA) is...

on 19/2/19

2 min read