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.
