Xanadu Enters into New Magmatic Copper and Nickel Sulphide Project
These two licenses make up the Sant Tolgoi Project, which is considered highly prospective for discovery of new magmatic intrusion-related Copper-Nickel systems.
- These two licenses make up the Sant Tolgoi Project, which is considered highly prospective for discovery of new magmatic intrusion-related Copper-Nickel systems.
- Xanadu agrees binding term sheet for Sant Tolgoi, a prospective district scale magmatic copper-nickel project.
- The Tenement portfolio includes numerous advanced exploration targets with real opportunity for the discovery of significant magmatic copper and nickel mineralisation.
- STSM may give notice to trigger a negotiated loan from Xanadu with certain interest (≥10%) to their 20% pro rata.