News

Xanadu Mines Moves Forward with Kharmagtai Technical Report

Xanadu Mines Moves Forward with Kharmagtai Technical Report

Introduction to the Kharmagtai Project

Xanadu Mines Ltd (ASX: XAM, TSX: XAM) is proud to announce the filing of an independent National Instrument 43-101 technical report for its Kharmagtai Copper-Gold Project. This crucial document is a testament to the company's commitment to transparency and thorough analysis in its operations.

Publication Details and Author Information

The technical report, titled National Instrument 43-101 Report, Kharmagtai Copper-Gold Project, reflects a detailed assessment effective as of October 10, 2024. The report has been prepared under the supervision of Julien Lawrence, an independent Qualified Person recognized under NI 43-101. Mr. Lawrence extensively reviewed the technical and scientific contents, ensuring the integrity of this Publication.

Key Findings in the Technical Report

The findings within this report indicate that the production and economic outlooks differ from previous announcements relating to the Kharmagtai Pre-Feasibility Study (PFS). The report elaborates on how different guidelines from the ASX and TSX impact the financial intricacies of the project. Under NI 43-101, only materials classified as Ore Reserves are acknowledged in production outcomes, contrasting with the standards applied by ASX.

Classification and Compliance Standards

This report adheres to the standards set forth by the Canadian Institute of Mining Metallurgy and Petroleum (CIM) and follows the guidelines of NI43-101 for mineral project disclosures. Moreover, it complies with the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources, and Ore Reserves (JORC Code).

Accessing the Technical Report

The comprehensive technical report, dated January 13, 2025, is available for shareholders and interested parties. You can find it on the Company's profile on SEDAR+ as well as on the official Xanadu Mines website. This accessibility aligns with our transparency commitments and keeps our stakeholders informed.

About Xanadu Mines Ltd

Xanadu Mines operates as an exploration-focused company listed on both the ASX and TSX. Its operations in Mongolia present investors with opportunities tied to large-scale and economically viable copper-gold discoveries. The flagship Kharmagtai project is notably significant as it is one of the few projects worldwide under joint control with the Zijin Mining Group. This partnership is vital for advancing our exploration endeavors, creating a rare position within the junior exploration sector.

Contact Information

For further inquiries, the Company provides direct contact information:

Colin Moorhead
Executive Chairman & Managing Director
Email: colin.moorhead@xanadumines.com
Phone: +61 2 8280 7497

Spencer Cole
Chief Financial & Development Officer
Email: spencer.cole@xanadumines.com

Frequently Asked Questions

What is the significance of the Kharmagtai project?

The Kharmagtai project is a notable copper-gold discovery that holds substantial economic potential for Xanadu Mines and its stakeholders.

Who prepared the independent technical report?

The technical report was authored under the supervision of Julien Lawrence, a recognized independent Qualified Person.

Where can I find the technical report?

The report is available on the Company's profile on SEDAR+ and on the Xanadu Mines website.

What distinguishes this report from previous announcements?

This report differs due to the strict compliance requirements of NI 43-101 compared to ASX guidelines, outlining how ore reserves contribute to production outcomes.

How does Xanadu ensure transparency with investors?

Xanadu ensures transparency by providing accessible information regarding project developments and encouraging inquiries from stakeholders.

About The Author

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.

Top 10 Most Recent News Articles

SCHEELS Unveils Texas Store, Draws Enthusiastic Crowds

Updated Category News Views 31

The retail landscape’s changing yet again, folks. Mark it down—August 29, 2026. That's when SCHEELS, the employee-owned retail maven, threw open the doors of its 35th flagship in Cedar Park, Texas. And it wasn't some mellow affair with a ribbon-cutting and a couple of balloons. Nah, this was the kind of bash that had folks pitching tents and camping out like they were...

Continue Reading
Meant Achieves LegitScript Approval in Weight Care Shift

Updated Category News Views 38

A New Chapter in Telehealth: Meant Earns Its Stripe Well, here's a twist. Meant's gone and snagged LegitScript certification for their online GLP-1 weight care platform—no small potatoes in today's crowded telehealth market. If you're knee-deep in wellness buzzwords, this might seem like just another checkbox. But hold your horses. This stamp of approval means they're...

Continue Reading
Tillamook's Cheesy Detour: Route 66 Gets a Giant Loaf

Updated Category News Views 16

Cheese Trail Takes a Cheddar Detour We've all hit that point on a road trip where the usual pit stops just won't cut it—especially when you're craving something heartier than a bag of chips. Well, Tillamook has cooked up a route makeover for road trippers cruising down Route 66, by planting a cheesy behemoth right on the trail. They call it the Cheeseside Attraction, a...

Continue Reading
OCEAN & Dashjr Part Ways, Bitcoin Futures Diverge

Updated Category News Views 16

Bitcoin Mining Giants Part Ways in Cheyenne The air's a bit charged today, isn't it? Might as well be electric with all this Bitcoin talk swirling around. OCEAN, better known in the business circles as Mummolin Inc., has announced a significant shift. Luke Dashjr, co-founder and apparently, their now-former Chairman, Chief Technology Officer, and director, is officially...

Continue Reading
Yaber HP20 Vacuum: Affordable Innovation Redefined

Updated Category News Views 0

Yaber Ups the Ante with HP20 Vacuum Launch Sweeping into the scene with a dustbuster that screams innovation, Yaber is aiming to corner the budget-friendly vacuum market. At under 200 bucks, the HP20 is packing power and tech like it's trying to make a point. We're talking TÜV-certified suction and SGS-certified HEPA filtration—big words that mean it sucks up dirt like...

Continue Reading
Monteverde Eyes Big Merger Deals: BWMN, SUNS, DV, SYBX

Updated Category News Views 28

Shareholder Scrutiny: Merger Deals Under the Microscope Tuesday morning beginnings talking mergers always got me reaching for the antacid. Here we are, diving into some hefty mergers making waves. Big numbers, bigger players, and you guessed it—shareholder scrutiny right at the forefront. Monteverde & Associates PC, a firm whose track record speaks volumes in the legal...

Continue Reading
GoDaddy Hit with Class Action Over Stock Losses

Updated Category News Views 35

GoDaddy Faces Legal Heat Over Alleged Marketing Deception Some mornings, Wall Street feels more like the Wild West, and today we've got GoDaddy Inc. (NYSE:GDDY) right in the crosshairs of a securities fraud class action lawsuit. It's the kind of legal mess that leaves investors regretting their morning coffee. If you’ve been holding GDDY stock between September 3, 2025,...

Continue Reading
Yosemite Land Swap: Navigating Environmental and Legal Nuances

Updated Category News Views 45

Balancing Acts in Yosemite's Backyard Ask any old-timer about changes around national parks, and you'll get an earful. But this time, we're talking a land swap involving Yosemite—yes, you heard that right. Kingsbarn Realty Capital, with attorney Lanny J. Davis at the helm, is steering this operation. The goal? An access road that's under a mile, no less, weaving its way...

Continue Reading
Spotlight on Hozpitality's Top GMs: California 2026

Updated Category News Views 27

Who ever thought schmoozing behind cocktail glasses could be so pivotal in the hospitality industry? On August 28, Hozpitality Group threw the curtain open on California’s brightest hotel minds at their inaugural Best GM Powerlist event in Los Angeles. California Recognizes Its Hotel Leaders Over at The Westin Los Angeles Airport, a crowd of General Managers, tourism...

Continue Reading
DRAGON BALL GEKISHIN SQUADRA: Big Overhaul as Year Two Begins

Updated Category News Views 1

Games Get Old Fast — Unless You Keep them Fresh From the folks at Bandai Namco Entertainment Inc, there's big news about DRAGON BALL GEKISHIN SQUADRA as it celebrates its first anniversary. The game is looking toward a bright future with a Year-End Overhaul and a new season launch on September 9. If you're a fan of explosive animations and team-based chaos, you'll want...

Continue Reading

Top 5 Most Recently Viewed Articles

Hyperscale Data's Bitcoin Strategy: Major Holdings and Future Plans

Updated Category News Views 174

Hyperscale Data's Bitcoin Treasury Overview Hyperscale Data, Inc. (NYSE American: GPUS) has made impressive strides in its Bitcoin treasury, which is valued at approximately $72.5 million. This total represents about 94% of the company’s overall market capitalization. Such a substantial focus on Bitcoin demonstrates the company's deep commitment to the digital asset...

Continue Reading
First Watch Restaurant Group Launches Exciting Stock Offering

Updated Category News Views 137

First Watch Restaurant Group Unveils Secondary Stock Offering First Watch Restaurant Group, Inc. (NASDAQ: FWRG), renowned for its vibrant Daytime Dining experience, has recently made headlines with the unveiling of a significant secondary offering of common stock. This initiative, observed from their Bradenenton headquarters, aims to provide fresh opportunities for...

Continue Reading
Market Update: Stocks Slide as Auto Parts Shine Amidst Earnings

Updated Category News Views 176

Market Overview: Analyzing the Slight Dip in U.S. Stocks U.S. stocks saw a minor drop this morning, marking a fluctuation in the market as investors strategize their next moves. The Dow Jones index reported a decline, dropping approximately 0.1% on Friday. Stock Performance of Major Indexes As the markets opened, the Dow experienced a slight downward shift of 0.13%,...

Continue Reading
Key Updates for Bumble Investors: Class Action Legal Options Ahead

Updated Category News Views 154

Important Information for Bumble Investors Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson encourages investors who suffered losses exceeding $75,000 in Bumble to contact him directly to discuss their options. If you have incurred losses over $75,000 in Bumble and wish to know about your legal rights, please reach out to Faruqi & Faruqi partner Josh...

Continue Reading
September Employment Snapshot: Small Business Trends Decline

Updated Category News Views 160

September Employment Trends for Small Businesses The latest employment data by the CBIZ Small Business Employment Index (SBEI) revealed significant challenges for small businesses as the third quarter concludes. The Index reported a notable decrease of 2.60% in hiring for September, highlighting emerging trends within the small business sector. The SBEI is a key tracker...

Continue Reading