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Xanadu Mines Ltd ( (AU:XAM) ) just unveiled an announcement.
Xanadu Mines Ltd announced the resignation of non-executive director Shaoyang Shen, who was appointed as a nominee director for Zijin Mining Group Co. Ltd. This resignation follows Zijin Mining’s divestment of its substantial interest in Xanadu as of June 2025. The company expressed gratitude for Mr. Shen’s contributions, particularly to the Kharmagtai project, and wished him success in his future endeavors with Zijin Group.
More about Xanadu Mines Ltd
Xanadu Mines Ltd is a mining company focused on the exploration and development of mineral resources, primarily in Mongolia. The company’s key project is the Kharmagtai copper-gold project, which is a significant focus of their operations.
Average Trading Volume: 8,483,394
Technical Sentiment Signal: Buy
Current Market Cap: A$182.2M
For a thorough assessment of XAM stock, go to TipRanks’ Stock Analysis page.