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Xanadu Mines developing Kharmagtai 'as a standout project globally'

Xanadu Mines Ltd (ASX:XAM) managing director Dr Andrew Stewart updates Proactive Investors on the company’s flagship Kharmagtai copper-gold porphyry project, located in the South Gobi region of Mongolia.

"We have a dual strategy at the moment with our drilling on the ground. In our current resources at Stockwork Hill, White Hill and Copper Hill,  infill and extensional drilling will provide a new resource upgrade there before the end of the year. We need to balance how much of the drilling at Zaraa can get into that, it's still very early stages at Zaraa, but the idea was certainly to be able to pull together an exploration target at that new discovery shortly," says Stewart.

Xanadu recently raised $10 million in a share placement.

 
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