Toronto - Delayed Quote • CAD Xanadu Mines Limited (XAM.TO) Follow Compare 0.0500 0.0000 (0.00%) At close: January 23 at 1:53:30 PM EST All News Press Releases SEC Filings All SEC Filings Corporate Changes & Voting Matters Periodic Financial Reports Proxy Statements Tender Offer/Acquisition Reports Offering Registrations 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 coppe 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 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 Discovering Comet Ridge And 2 Other ASX Penny Stocks To Watch As the Australian market wraps up the year with a modest gain, investors are keeping an eye on sectors like Real Estate and Healthcare, which have shown resilience amidst ongoing inflation concerns. 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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 t 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) (Xa 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). 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Penny stocks, though an outdated term for some, still represent a viable investment area by highlighting smaller or less-established companies that may offer significant value. By focusing on those with strong financial foundations and clear growth potential, investors can uncover opportunities in these... Xanadu Reports Pre-Feasibility Study, Updated Resource Estimate, Maiden Ore Reserve for Kharmagtai Project in Mongolia Xanadu Reports Pre-Feasibility Study, Updated Resource Estimate, Maiden Ore Reserve for Kharmagtai Project in Mongolia 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 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 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 revie 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 Update: Xanadu Mines Reports a Rise in Resources for the Kharmagtai Copper-Gold Project Update: Xanadu Mines Reports a Rise in Resources for the Kharmagtai Copper-Gold Project Xanadu Mines Reports Increase in Resource for Kharmagtai Copper-Gold Project in Mongolia Xanadu Mines Reports Increase in Resource for Kharmagtai Copper-Gold Project in Mongolia 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 reporti 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 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 Scopin Performance Overview Trailing total returns as of 1/24/2025, which may include dividends or other distributions. Benchmark is S&P/ASX 200 [XJO] Return XAM.TO S&P/ASX 200 [XJO] YTD +25.00% +3.06% 1-Year +11.11% +11.83% 3-Year +100.00% +17.78%