XAM

Amended & Restated Technical Report to Support Kharmagtai Preliminary Economic Assessment

Retrieved on: 
星期三, 五月 8, 2024
PFS, PEA, XAM, News, Technical report, Resource, Zijin Mining, TSX, ASX, SGC, Q3, Mineral Resources Limited, Disclosure, Ontario Securities Commission, National instrument, CIM, Cryptocurrency

TORONTO, May 07, 2024 (GLOBE NEWSWIRE) -- Xanadu Mines Ltd (ASX: XAM, TSX: XAM) (Xanadu, XAM or the Company) announces that the Company has filed an amended and restated independent National Instrument 43-101 technical report titled National Instrument 43-101 Amended and Restated Preliminary Economic Assessment Technical Report, Kharmagtai Copper-Gold Project, South Gobi, Mongolia (PEA), effective 4 April 2022.

Key Points: 
  • TORONTO, May 07, 2024 (GLOBE NEWSWIRE) -- Xanadu Mines Ltd (ASX: XAM, TSX: XAM) (Xanadu, XAM or the Company) announces that the Company has filed an amended and restated independent National Instrument 43-101 technical report titled National Instrument 43-101 Amended and Restated Preliminary Economic Assessment Technical Report, Kharmagtai Copper-Gold Project, South Gobi, Mongolia (PEA), effective 4 April 2022.
  • As a result of a review by staff of the Ontario Securities Commission, we are issuing the following news release regarding our disclosure of the Kharmagtai Project.
  • The PEA is amended and restated to include additional clarifications and confirmatory information related specifically to the following:
    Replacement of Andrew Stewart with Julien Lawrence as the independent qualified person for the amended and restated PEA.
  • The amended and restated PEA, dated 7 May 2024, may be found under the Company’s profile on SEDAR+ at https://www.sedarplus.ca and at www.xanadumines.com.

Compelling Coarse Ore Flotation Results Indicate Throughput Upside for Kharmagtai

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星期二, 四月 23, 2024
P80, Copper, Composite, XAM, Economics, TSX, ASX, Water, DRA, XF, Gold, Erie people, ALS, Mining, Significance, HF, Extractive metallurgy

The Eriez HydroFloat test work for evaluating coarse ore flotation has demonstrated excellent results for one of the key uplift scenarios defined in the Kharmagtai Scoping Study1.

Key Points: 
  • The Eriez HydroFloat test work for evaluating coarse ore flotation has demonstrated excellent results for one of the key uplift scenarios defined in the Kharmagtai Scoping Study1.
  • Xanadu’s Executive Chairman and Managing Director, Colin Moorhead said:
    “These results provide strong support for our Scoping Study uplift scenario using coarse ore flotation to improve overall project economics.
  • This uplift is achieved through increasing throughput and accelerating mining and processing rates which ultimately accelerate revenue generation at Kharmagtai.
  • The coarse ore flotation evaluation included head grade analysis and rougher flotation recovery testwork on a composite sample taken from varying deposits, depths, sulphide and alteration types to test coarser grind options.

Bacchus Capital Engaged as Strategic & Project Funding Adviser

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星期四, 四月 18, 2024
PFS, XAM, Jefferies, TSX, ASX, Dionysus, FID, Feasibility study, FS, Investment, Construction, Management

TORONTO, April 18, 2024 (GLOBE NEWSWIRE) -- Xanadu Mines Ltd (ASX: XAM, TSX: XAM) (Xanadu, XAM or the Company) is pleased to announce that it has engaged Bacchus Capital Advisers Limited (Bacchus) as its strategic and project funding adviser in relation to the Kharmagtai Copper-Gold Project in the South Gobi region of Mongolia.

Key Points: 
  • TORONTO, April 18, 2024 (GLOBE NEWSWIRE) -- Xanadu Mines Ltd (ASX: XAM, TSX: XAM) (Xanadu, XAM or the Company) is pleased to announce that it has engaged Bacchus Capital Advisers Limited (Bacchus) as its strategic and project funding adviser in relation to the Kharmagtai Copper-Gold Project in the South Gobi region of Mongolia.
  • Bacchus is a well-respected adviser to the mining industry in the areas of project financing, transaction structuring and mergers & acquisitions.
  • Xanadu’s Executive Chairman & Managing Director, Colin Moorhead said
    “We are pleased to have Bacchus onboard as our strategic & project funding adviser.
  • “We believe that with Bacchus onboard, together with Jefferies our M&A adviser, we have the right team to create the most value for our shareholders from our world class Kharmagtai copper-gold project.”

Drilling Underway at Red Mountain Project

Retrieved on: 
星期三, 三月 27, 2024
Soil, Molybdenum, Target, XAM, Gold, Copper, ASX, Magnetism, Anomaly, TSX, Nowie, Orientation, Stockwork, Mining

Systematic diamond drilling program designed to test five high-priority targets, following up on more recent trenching and previous drilling; compelling results from the latter are highlighted, below:

Key Points: 
  • Systematic diamond drilling program designed to test five high-priority targets, following up on more recent trenching and previous drilling; compelling results from the latter are highlighted, below:
    First results from the drilling program are anticipated late April.
  • Red Mountain offers a rare opportunity to access a large, under-explored mineral district.
  • We are conducting a systematic exploration program, including diamond drilling, that we expect will provide a new perspective on the mineral potential of the Red Mountain district.
  • Figure 3: Exploration drilling has commenced at Red Mountain.

Kharmagtai Water Supply Drilling Program Recommences

Retrieved on: 
星期三, 三月 27, 2024
Water supply, SRK, Growth, Hydrology, Mineral Resources Limited, ZUK, Disclosure, XAM, Data, ASX, Groundwater, Permeability, TSX, SABC, Rio Tinto, Water, PFS, Stage 2, Mining, Tunnel

Water supply is a core input to the study; a key driver to maximise processing throughput for the project.

Key Points: 
  • Water supply is a core input to the study; a key driver to maximise processing throughput for the project.
  • We are confident in this field program and aim to demonstrate that, to a PFS standard, there is an adequate supply of water for Kharmagtai, to ensure its successful delivery as Mongolia’s next major copper-gold mine in the south Gobi region of Mongolia.”
    The hydrological program has six key objectives to provide water supply for Kharmagtai operations.
  • The Kharmagtai PFS seeks to maximise water recycling through the use of industry best practices including efficient process design, modern tailings dam design and thickened tailings to reduce water loss.
  • The order of monitoring bore drilling will change as the field program progresses, including progress of production bore drilling.

Encouraging oxide leach recovery for copper & gold at Kharmagtai

Retrieved on: 
星期三, 三月 6, 2024
SOX, PFS, Copper, TSX, GOX, ASX, PEA, Gold, MRE, Particle size, Nitrogen oxide, DMPS, ROX, Economics, XAM, Silver, Internal, Uranium mining

Upscaled column leach tests, as well as heap leach engineering design work are in progress.

Key Points: 
  • Upscaled column leach tests, as well as heap leach engineering design work are in progress.
  • Recent column leaching tests completed on the mineralised oxide portion of the Kharmagtai Mineral Resource Estimate (MRE) delivered promising metallurgical extraction, peaking at 93% copper and 46% gold.
  • It comprises acid leach to recover and remove cyanide soluble copper, followed by GlyCatTM, which involves a glycine leach to neutralise acid, followed by cyanide leach to recover gold and silver.
  • These are referenced as follows:
    several composite samples collected from White Hill, Stockwork Hill and Copper Hill deposits, and classified as follows: GOX (Green Oxide), SOX (Strong Oxide) and ROX (Red Oxide).

Completion of Placement to Zijin Mining

Retrieved on: 
星期二, 三月 5, 2024
Foreign Investment Review Board, FIRB, TSX, Completion, ASX, XAM

TORONTO, March 04, 2024 (GLOBE NEWSWIRE) -- Xanadu Mines Ltd (ASX:XAM, TSX:XAM) (Xanadu or the Company) is pleased to announce that the placement of 15,185,328 fully paid ordinary shares to Jinping (Singapore) Mining Pte Ltd, a wholly owned indirect subsidiary of Zijin Mining Group Co. Ltd (Zijin), at an issue price of A$0.055 per share, completed today.

Key Points: 
  • TORONTO, March 04, 2024 (GLOBE NEWSWIRE) -- Xanadu Mines Ltd (ASX:XAM, TSX:XAM) (Xanadu or the Company) is pleased to announce that the placement of 15,185,328 fully paid ordinary shares to Jinping (Singapore) Mining Pte Ltd, a wholly owned indirect subsidiary of Zijin Mining Group Co. Ltd (Zijin), at an issue price of A$0.055 per share, completed today.
  • Details of the proposed placement to Zijin were announced to ASX on 20 November 2023 and 8 December 2023.
  • Completion follows the satisfaction of all Conditions Precedent under the Share Subscription Agreement with Zijin, including shareholder approval on 6 February 2024, and approval by the Foreign Investment Review Board (FIRB) last week.
  • The Company has relied upon the exemption in section 602.1 of the TSX Company Manual in respect of the placement as an Eligible Interlisted Issuer.

Metallurgical Tests at Kharmagtai Show Strong Sulphide Rougher Flotation Recovery

Retrieved on: 
星期一, 三月 4, 2024
PFS, Copper, ALS, TSX, MPS, ASX, Gold, P80, XAM

The sulphide rougher recovery results represent a very positive technical and economic outcome for the Kharmagtai Pre-Feasibility Study (PFS).

Key Points: 
  • The sulphide rougher recovery results represent a very positive technical and economic outcome for the Kharmagtai Pre-Feasibility Study (PFS).
  • PFS stage metallurgical test work completed for sulphide rougher process recoveries.
  • Rougher flotation tests delivered metallurgical recoveries up to 98% copper and 95% gold, at head grades up to 1.6% Cu and 2.0g/t Au at P80 grind size of 150 micron (µm).
  • It included head grade analysis and rougher flotation recovery test work on 26 samples taken from varying deposits, depths, sulphide and alteration types, using a 150 µm grind size.

Completion of Placement to Zijin Mining

Retrieved on: 
星期一, 三月 4, 2024
TSX, Foreign Investment Review Board, FIRB, ASX, XAM, Completion

TORONTO, March 04, 2024 (GLOBE NEWSWIRE) -- Xanadu Mines Ltd (ASX:XAM, TSX:XAM) (Xanadu or the Company) is pleased to announce that the placement of 15,185,328 fully paid ordinary shares to Jinping (Singapore) Mining Pte Ltd, a wholly owned indirect subsidiary of Zijin Mining Group Co. Ltd (Zijin), at an issue price of A$0.055 per share, completed today.

Key Points: 
  • TORONTO, March 04, 2024 (GLOBE NEWSWIRE) -- Xanadu Mines Ltd (ASX:XAM, TSX:XAM) (Xanadu or the Company) is pleased to announce that the placement of 15,185,328 fully paid ordinary shares to Jinping (Singapore) Mining Pte Ltd, a wholly owned indirect subsidiary of Zijin Mining Group Co. Ltd (Zijin), at an issue price of A$0.055 per share, completed today.
  • Details of the proposed placement to Zijin were announced to ASX on 20 November 2023 and 8 December 2023.
  • Completion follows the satisfaction of all Conditions Precedent under the Share Subscription Agreement with Zijin, including shareholder approval on 6 February 2024, and approval by the Foreign Investment Review Board (FIRB) last week.

Results of 2024 Extraordinary General Meeting

Retrieved on: 
星期二, 二月 6, 2024
CTH, ASX, TSX, Mass meeting, Corporation, XAM

TORONTO, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Xanadu Mines Ltd (ASX: XAM, TSX: XAM) (Xanadu or the Company) advises that as required by ASX Listing Rule 3.13.2 and Section 251AA of the Corporations Act 2001 (Cth), the results of Xanadu Mines Ltd’s 2024 Extraordinary General Meeting held today, are set out in the attached report and includes a summary of the poll voting results and votes by proxies on the items of business considered at the General Meeting.

Key Points: 
  • TORONTO, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Xanadu Mines Ltd (ASX: XAM, TSX: XAM) (Xanadu or the Company) advises that as required by ASX Listing Rule 3.13.2 and Section 251AA of the Corporations Act 2001 (Cth), the results of Xanadu Mines Ltd’s 2024 Extraordinary General Meeting held today, are set out in the attached report and includes a summary of the poll voting results and votes by proxies on the items of business considered at the General Meeting.