Xanadu Mines Ltd (AU:XAM) has released an update.
Xanadu Mines Ltd has announced a substantial increase in the estimated copper and gold resources at its Kharmagtai project in Mongolia, with contained copper rising by 14% and gold by 9%. The update is primarily due to incorporating new drilling results and optimizing the resource reporting criteria based on pre-feasibility study pit-shells. This revision enhances the project’s potential and is aligned with the upcoming delivery of the Kharmagtai pre-feasibility study.
For further insights into AU:XAM stock, check out TipRanks’ Stock Analysis page.
