reports
Xanadu Mines Limited: 1 director
A director at Xanadu Mines Limited bought 10,221,949 shares at 0.080AUD and the significance rating of the trade was 65/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two yea...
Withdrawal of Put Option Resolution and Cancellation of EGM
Withdrawal of Put Option Resolution and Cancellation of EGM TORONTO, Canada, May 26, 2025 (GLOBE NEWSWIRE) -- Xanadu Mines Ltd (ASX:XAM, TSX:XAM) (Xanadu or the Company) refers to: the announcement dated 5 May 2025 in relation to an Extraordinary General Meeting (EGM) to be held on 4 June 2025;the announcement dated 19 May 2025 in relation to the entry into a Bid Implementation Agreement (BIA) Bastion Mining Pte Ltd (Bastion) in respect of a recommended off-market takeover offer; andthe announcement earlier today in respect of the completion of the A$17.2 million placement to Bastion...
Recommended A$0.08 Per Share Cash Offer
Recommended A$0.08 Per Share Cash Offer TORONTO, May 19, 2025 (GLOBE NEWSWIRE) -- Xanadu Mines Ltd (ASX:XAM, TSX:XAM) (Xanadu or the Company) and Bastion Mining Pte Ltd (Bastion) are pleased to announce that they have entered into a Bid Implementation Agreement on 19 May 2025 under which Bastion will make an off-market takeover offer to acquire all the fully paid, ordinary shares issued in Xanadu (Xanadu Shares) which Bastion does not already own, at a price of A$0.08 cash per Xanadu Share (Offer). A copy of the Bid Implementation Agreement is attached as Annexure A to this announcement....
Update to Zijin Put Option and Exclusivity Arrangements
Update to Zijin Put Option and Exclusivity Arrangements TORONTO, May 05, 2025 (GLOBE NEWSWIRE) -- Xanadu Mines Ltd (ASX: XAM, TSX: XAM) (Xanadu or the Company) refers to its announcement dated 7 April 2025 in relation to the Extension of the Zijin Put Option and Exclusivity Arrangements1 with its major shareholder and Joint Venture Partner, Zijin Mining Group Co. Ltd (Zijin). Following substantive discussions with Zijin, the parties have been unable to finalise a control transaction within the agreed exclusivity period. Correspondingly, Xanadu’s exclusivity commitment to Zijin has expire...
Xanadu Mines Ltd Results of Extraordinary General Meeting
Xanadu Mines Ltd Results of Extraordinary General Meeting TORONTO, April 15, 2025 (GLOBE NEWSWIRE) -- (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 Extraordinary General Meeting held 11 April 2025, are set out in the attached report and includes a summary of the poll voting results and votes by proxies on the item of business considered at the General Meeting. In accordance with Listing Rule 3.13.2(f) Xanadu advises that Resolution 1 in the Notice of ...
Update on Extraordinary General Meeting – Extension of Zijin Put Optio...
Update on Extraordinary General Meeting – Extension of Zijin Put Option and Exclusivity Arrangements TORONTO, April 07, 2025 (GLOBE NEWSWIRE) -- Xanadu Mines Ltd (ASX: XAM, TSX: XAM) (Xanadu or the Company) refers to its announcement dated 12 March 2025 in relation to an Extraordinary General Meeting (EGM) to be held on Friday, 11 April 2025. The EGM included a resolution to approve the exercise of a put option previously granted by the Company’s major shareholder and joint venture partner, Zijin Mining Group Co. Ltd (Zijin), to allow the Company to dispose of a 25% interest in Khu...
Xanadu’s Near-Term Outlook
Xanadu’s Near-Term Outlook TORONTO , Jan. 21, 2025 (GLOBE NEWSWIRE) -- Xanadu Mines Ltd (ASX: XAM, TSX: XAM) (Xanadu or the Company) is pleased to provide an update on The Kharmagtai Project and associated discussions about the next steps for the development of the Kharmagtai copper-gold Project with our JV partner, Zijin Mining Group (Zijin). Highlights Xanadu delivered a prefeasibility study (PFS) for the Kharmagtai Project late in the September Quarter of 2024, outlining a 29-year, large scale, low cost, open pit copper-gold operation.Under the joint venture agreement...
Technical Report to Support Kharmagtai Pre-Feasibility Study
Technical Report to Support Kharmagtai Pre-Feasibility Study TORONTO, Jan. 20, 2025 (GLOBE NEWSWIRE) -- Xanadu Mines Ltd (ASX: XAM, TSX: XAM) (Xanadu, XAM or the Company) announces that the Company has filed an independent National Instrument 43-101 technical report titled National Instrument 43-101 Report, Kharmagtai Copper-Gold Project, South Gobi, Mongolia, effective 10 October 2024. The NI 43-101 Technical Report for the Kharmagtai Pre-Feasibility Study (PFS) was authored under supervision of Julien Lawerence, who is an independent Qualified Person as defined by NI 43-101. Mr...
Completion of Placement to Zijin Mining
Completion of Placement to Zijin Mining TORONTO, Jan. 08, 2025 (GLOBE NEWSWIRE) -- Xanadu Mines Ltd (ASX:XAM, TSX:XAM) (Xanadu or the Company) is pleased to announce that the placement of 26,515,543 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 14 November 2024 and 5 November 2024. Completion follows the satisfaction of all Conditions Precedent under the Share Subscr...
High Priority Copper Drill Targets Defined at Sant Tolgoi
High Priority Copper Drill Targets Defined at Sant Tolgoi TORONTO, Nov. 20, 2024 (GLOBE NEWSWIRE) -- Xanadu Mines Ltd (ASX: XAM, TSX: XAM) (Xanadu or the Company) is pleased to announce strong surface copper assay results from its Sant Tolgoi Project located in Zavkhan Province of Western Mongolia (Figures 1 and 2). Geological mapping, surface rock-chip sampling and geophysics have confirmed the preference of several large anomalies associated with outcropping mafic intrusions. The objective of the multi-discipline exploration programme is to collect the data required to identify drill ta...
Funding Expanded to $7.5 million & Section 708A(5)(e) Notice
Funding Expanded to $7.5 million & Section 708A(5)(e) Notice Not for release to US wire services or distribution in the United States Highlights 4 November Placement expanded to $7.5 million, an increase of $2.0 million on the same termsIncludes 10 million new shares to a sophisticated Australian investorIncludes 26.5 million new shares to Zijin Mining Group Co., Ltd (Zijin) for $1.46 million to maintain its pro-rata 19.42% of Xanadu, subject to Xanadu shareholder approval. TORONTO, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Xanadu Mines Ltd (ASX:XAM, TSX:XAM) (Xanadu or the Company) refers to ...
Xanadu Mines Completes $5.5 Million Placement
Xanadu Mines Completes $5.5 Million Placement Not for release to US wire services or distribution in the United States TORONTO, Nov. 11, 2024 (GLOBE NEWSWIRE) -- Xanadu Mines Ltd (ASX:XAM, TSX:XAM) (Xanadu or the Company) advises that on 8 November 2024, it issued 100,000,004 fully paid ordinary shares at a price of $0.055 per share, to a range of sophisticated investors under an Equity Placement led by Bell Potter Securities Limited and Ord Minnett Limited (New Shares). Xanadu Mines advises that: (a) the New Shares were issued without disclosure under Part 6D.2 of the Act; (b) this n...
Xanadu Mines Announces $5.5 Million Placement
Xanadu Mines Announces $5.5 Million Placement Not for release to US wire services or distribution in the United States Highlights Firm commitments received for a Placement to raise approximately $5.5 million (before costs).The Placement was well supported by both domestic and international, natural resources-focused institutional investors.The Placement may be expanded to include other potential strategic parties on similar terms, subject to final approvals and formal documentation.The Company has entered a consultation period with Zijin Mining Group Co., Ltd (Zijin) in respect to...
Kharmagtai Maiden Ore Reserve, Updated Mineral Resource
Kharmagtai Maiden Ore Reserve, Updated Mineral Resource TORONTO, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Xanadu Mines Ltd (ASX: XAM, TSX: XAM) (Xanadu, XAM or the Company) is pleased to report an increase in the Mineral Resource Estimate (Resource, Mineral Resource Estimate or MRE) and a Maiden Ore Reserve for its flagship copper-gold project at Kharmagtai, in the South Gobi region of Mongolia (Figure 1 and Table 1). The MRE update incorporates a revised cut-off grade to align to the marginal cut-off grade in the Kharmagtai Pre-Feasibility Study (PFS). The updated Mineral Resource Estimate and ...
Pre-Feasibility Study – Kharmagtai Copper-Gold Project
Pre-Feasibility Study – Kharmagtai Copper-Gold Project TORONTO, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Xanadu Mines Ltd (ASX:XAM, TSX:XAM) (Xanadu, XAM or the Company) is pleased to provide the Pre-Feasibility Study (PFS) for its flagship Kharmagtai Copper-Gold Project (Kharmagtai or the Project), located in an established mining jurisdiction in the South Gobi region of Mongolia. This Study confirms the potential of Kharmagtai as a globally significant, long life, low cost, low risk future copper-gold mine. It is based on conventional open pit mining and sulphide flotation, with low environ...
Kharmagtai Project Update
Kharmagtai Project Update TORONTO, Oct. 02, 2024 (GLOBE NEWSWIRE) -- Xanadu Mines Ltd (ASX: XAM, TSX: XAM) (Xanadu or the Company) is pleased to provide an update on its flagship Kharmagtai copper-gold project, in the South Gobi region of Mongolia. The Pre-Feasibility Study (PFS) is nearing completion, operatorship transition to Zijin Mining Group Co (Zijin) is in progress, with planning and funding discussions underway for the next stage of development. Highlights The Kharmagtai PFS is in final stages of technical review and evaluation. Xanadu has taken extra weeks to complete fin...
Copper-Nickel Focused Exploration Advancing at Sant Tolgoi Project
Copper-Nickel Focused Exploration Advancing at Sant Tolgoi Project TORONTO, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Xanadu Mines Ltd (ASX: XAM, TSX: XAM) (Xanadu or the Company) is pleased to report good progress at its field operations at the highly prospective Sant Tolgoi Copper-Nickel Project, located in Zavkhan Province of Western Mongolia (Figures 1 and 2). Sant Tolgoi is considered highly prospective for the discovery of new magmatic intrusion-related Copper-Nickel systems. The objective of this exploration programme is to collect the data required to identify high-grade sulphide mineral...
Increase in Kharmagtai Resource
Increase in Kharmagtai Resource TORONTO, Aug. 21, 2024 (GLOBE NEWSWIRE) -- Xanadu Mines Ltd (ASX: XAM, TSX: XAM) (Xanadu, XAM or the Company) is pleased to report an increase in the Mineral Resource Estimate (Resource, Mineral Resource Estimate or MRE) for its flagship copper-gold project at Kharmagtai, in the South Gobi region of Mongolia (Figure 1 and Table 1). The updated Resource increases contained copper metal by 14% or 463kt Cu and contained gold by 9% or 764k Oz Au and is largely driven by updating the resource reporting criteria to reflect pit-shells generated in the pre-feasibil...
Amended & Restated Technical Report to Support Kharmagtai Preliminary ...
Amended & Restated Technical Report to Support Kharmagtai Preliminary Economic Assessment 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 t...
Compelling Coarse Ore Flotation Results Indicate Throughput Upside for...
Compelling Coarse Ore Flotation Results Indicate Throughput Upside for Kharmagtai TORONTO, April 23, 2024 (GLOBE NEWSWIRE) -- Xanadu Mines Ltd (ASX: XAM, TSX: XAM) (Xanadu, XAM or the Company) is pleased to provide an update on metallurgical testwork for the Kharmagtai Copper-Gold Project (Kharmagtai) in Mongolia, being developed with the Company’s joint venture partner, Zijin Mining Group Co., Ltd. (Zijin). 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. It...
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