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Xanadu Mines Ltd ( (AU:XAM) ) has shared an update.
Xanadu Mines Ltd announced updates regarding its Kharmagtai project, which has completed its Pre-Feasibility Study (PFS) and is ready to commence a Bankable Feasibility Study. The project is expected to produce 75ktpa of copper and 165kozpa of gold over 29 years, with an initial investment of $890M and an NPV of $930M. The strategic partnership with Zijin, which began in 2023, will see Zijin take over as operator for the Feasibility Study and Construction stages, potentially reducing costs through its expertise and sourcing capabilities.
More about Xanadu Mines Ltd
Xanadu Mines Ltd is an exploration company listed on the ASX and TSX, primarily focused on copper-gold discoveries in Mongolia. The company offers investors exposure to significant large-scale copper-gold deposits, with its flagship project being the Kharmagtai project.
Average Trading Volume: 96,971
Technical Sentiment Signal: Strong Buy
Current Market Cap: $64.45M
For a thorough assessment of XAM stock, go to TipRanks’ Stock Analysis page.
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