Xanadu Mines Ltd (AU:XAM) has released an update.
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Xanadu Mines Ltd is finalizing its Pre-Feasibility Study (PFS) for the Kharmagtai copper-gold project in Mongolia, with results expected in mid-October 2024 and all work completed within the existing funding from Zijin Mining Group Co’s initial $35 million investment. The company has initiated the transition of project operatorship to Zijin and is actively planning the next development phase, including discussions on funding options. These steps mark significant progress in moving the Kharmagtai project towards pre-construction and development.
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