Xanadu Mines

KHARMAGTAI IS A MAJOR NEW HIGH-GRADE COPPER-GOLD DISCOVERY THAT IS ATTRACTING GLOBAL ATTENTION
Company Exposure

Copper

Company Listing

Xanadu Mines

Stock Code

ASX:XAM

Company Overview



Xanadu Mines Ltd (ASX: XAM) is copper and gold exploration company with several advanced exploration projects in Mongolia’s highly mineralised and vastly underexplored south Gobi region. Xanadu controls one of the most promising porphyry copper-gold projects in Asia with Kharmagtai, and has an expanding portfolio of exploration projects including Oyut Ulaan and Sharchuluut Uul.

The Company is increasing its exploration budget and programs to aggressively pursue these promising opportunities and is the only company doing so in Asia. Xanadu has experienced team of professionals with track record of discovery and value creation.

Investment Highlights

SIGNIFICANT DISCOVERY IN A WORLD CLASS DISTRICT
>> Kharmagtai is growing into a globally significant copper‐gold discovery

ESTABLISHED PORTFOLIO OF ADVANCED PROJECTS
>> Multiple porphyry copper‐gold projects with genuine potential

EXPERIENCED BOARD & IN COUNTRY MANAGEMENT TEAM
>> High‐calibre team with a proven record of discovery in Mongolia & globally

FINANCED FOR SIGNIFICANT NEWS FLOW
>> Approximately A$9.1m in cash to support aggressive drilling

Live Financials

Latest Announcements

Share Price Performance

Team

Kevin Tomlinson – Non-Executive Chairman
Andrew Stewart – Managing Director and CEO
Ganbayar Lkhagvasuren – Executive Director
Hannah Badenach  – Non-Executive Director
Darryl Clark – Ind. Non-Executive Director
Marcus Engelbrecht – Non-Executive Director
Michele Muscillo – Ind. Non-Executive Director

Major Shareholders

Asia Capital and Advisors – 25.07%
Noble Resources International – 8.00%
Bank of Nova Scotia and 1832 Asset Management – 6.84%
Fastlane Australia – 5.73%

Receive Company Updates


Projects Overview


Projects
  • Kharmagtai
  • Oyut Ulaan
  • Ulaan Sharchuluut Uul
KHARMAGTAI PORPHYRY CU‐AU DISTRICT

Significant Discovery Attracting Attention

1975 Recognition

First porphyry Cu mineralisation

1995‐1998: QGX Gold

Early exploration focused on the shallow gold mineralisation

2001‐2006: Ivanhoe Mines

Exploration focused on outcropping porphyry mineralisation – drill holes were shallow and closely spaced

2015 & Beyond: Xanadu Mines

Exceptional exploration success – recent drilling intercepts >650m or greater at +1% copper equivalent. Start the commercialisation process to the benefit of Xanadu’s shareholders of this world class Cu‐Au discovery

Kharmagtai – Shallow High‐grade Gold‐rich Mineralisation

High‐Grade Tourmaline Breccia Mineralisation

Oyut Ulaan

  • Located within the Dornogovi Province of southern Mongolia approx. 420km southeast of Ulaanbaatar.
  • Porphyry mineralisation associated with late-stage monzonite and quartz diorite porphyry dykes and stocks emplaced on the flanks of the Oyut Ulaan Intrusive Complex (OUIC).
  • Alteration and mineralisation at Oyut Ulaan is characterised by multiple co-genetic copper-gold porphyry centres, tourmaline breccia pipes and copper-gold/base metal magnetite skarns.
  • Exploration has defined broad zones of strong quartz stockwork veining and associated high-grade gold mineralisation (typically around 0.5 to >5 g/t gold and 0.3 to 1.5% copper).
  • Geology, strength of alteration and style of mineralisation also suggest that the mineralisation will extend at depth.
Ulaan Sharchluut Uul

  • Located within the Bulgan Province of Northern Mongolia, approximately 230km northwest of Ulaanbaatar.
  • Cluster of porphyry related lithocaps occuring within a 15km northwest oriented corridor of porphyry-related alteration and mineralization.
  • This is at the north-western extremity of the Selenge Porphyry belt which hosts the Erdenet copper-molybdenum deposit.
  • Several siliceous ledges occur within massive chalcedonic silicification, residual silica, quartz-alunite-diaspore and quartz-pyrophyllite.
  • All alteration types are stained by jarocite and clearly have appreciable pyrite contents at shallow depths.
  • Alteration and field relationships suggest a high level of formation above a deeper porphyry intrusion.

Contact Details

WEBSITE: www.xanadumines.com

EMAIL: Andrew.stewart@xanadumines.com

PHONE: +976 7013 0211

[easy-social-share buttons=”facebook,twitter,google,linkedin,print,mail” counters=0 style=”icon” template=”clear-retina” nospace=”yes”]