Xanadu Mines Ltd ( (XANAF) ) has released its Q4 earnings. Here is a breakdown of the information Xanadu Mines Ltd presented to its investors.
Xanadu Mines Ltd is a mining company focused on the exploration and development of copper and gold projects, primarily operating in Mongolia. The company is known for its strategic joint venture with Zijin Mining Group Ltd at the Kharmagtai Copper-Gold Project, which is a significant asset in its portfolio.
In its latest earnings report, Xanadu Mines highlighted substantial progress in its Kharmagtai project, including the completion of a Pre-Feasibility Study (PFS) that confirms the project’s potential as a large-scale, low-cost copper-gold operation. The company also raised A$7.5 million through a strategic equity placement to fund its other projects, including Red Mountain and Sant Tolgoi.
Key financial metrics from the report include a 29-year mine life for Kharmagtai, with an average annual production of 75 kt copper and 165 koz gold. The project boasts a post-tax NPV of US$930 million and an IRR of 21%, with a four-year capital payback period. The company also reported an expanded mineral resource and a maiden ore reserve, underscoring the project’s long-term viability.
Looking ahead, Xanadu Mines is planning for the Bankable Feasibility Study (BFS) stage at Kharmagtai, in collaboration with Zijin. The company is exploring various funding avenues to support its share of the development, aiming to maximize shareholder value through strategic partnerships and disciplined financial management.
Xanadu Mines remains committed to sustainable mining practices as it advances towards production, with Mongolia emerging as a key mining jurisdiction. The company is poised for future growth, supported by its world-class assets and strong strategic partnerships.