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An announcement from Xanadu Mines Ltd ( (AU:XAM) ) is now available.
Xanadu Mines Ltd has filed an independent National Instrument 43-101 technical report for its Kharmagtai Copper-Gold Project in Mongolia. The report, which supports the Kharmagtai Pre-Feasibility Study, highlights differences in production and economic outcomes due to varying requirements between ASX and TSX reporting standards. These differences primarily involve the inclusion of material not classified as Ore Reserve in production and financial outcomes. This technical report may impact the company’s operations and industry positioning by providing a more compliant and detailed understanding of the project for stakeholders.
More about Xanadu Mines Ltd
Xanadu Mines Ltd is a dual-listed exploration company on the ASX and TSX, focusing on large-scale copper-gold discoveries in Mongolia. The company provides investors with access to significant copper-gold deposits through its flagship Kharmagtai project and maintains a joint venture with Zijin Mining Group, controlling a substantial portion of the project.
YTD Price Performance: 53.33%
Average Trading Volume: 170,458
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $55.64M
For a thorough assessment of XAM stock, go to TipRanks’ Stock Analysis page.
