Xanadu Mines Ltd.

For The Three Months Ended 31 March 2023(Figures Are Unaudited And In A$ Except Where Stated) TORONTO, May 01, 2023 (GLOBE NEWSWIRE) -- March 2023 Quarter Highlights During the quarter ended 31 March 2023 (March Quarter), Xanadu Mines Ltd (Xanadu or the Company) completed its landmark investment deal with Zijin Mining Group Co. Limited (Zijin), following shareholder approval at the Extraordinary General Meeting1 (EGM) and Zijin receiving regulatory approval from the People’s Republic of China.2 This included the Phase 2 placement resulting in Zijin as 19.4% s...

TORONTO, April 13, 2023 (GLOBE NEWSWIRE) -- Xanadu Mines Ltd (ASX: XAM, TSX: XAM) (Xanadu, XAM or the Company) is pleased to announce a 30,000-metre infill diamond drill programme to support the Pre-Feasibility Study (PFS) is well-underway at the Kharmagtai copper-gold project (Figure 1). A key objective of drilling program is to upgrade the current open-pit Mineral Resource1 areas to at least Indicated classification and to inform the geometallurgical and geotechnical models needed to complete the PFS and support delivery of a Maiden Ore Reserve estimate for Kharmagtai. Highlights...

TORONTO, March 10, 2023 (GLOBE NEWSWIRE) -- Xanadu Mines Ltd (ASX: XAM, TSX: XAM) (Xanadu or the Company) is pleased to announce the completion on 10 March 2023 of Phase 2 and Phase 3 of its Strategic Partnership with Zijin Mining Group Co., Ltd. (Zijin). This provides crucial funding for the Company’s flagship Kharmagtai Copper-Gold Project (Kharmagtai) through the next phase of project evaluation and exploration, leading to formal Decision to Mine. It will also provide funding to Xanadu for activities outside of Kharmagtai such as our second project at Red Mountain. Xanadu...