Xanadu Mines Reveals Promising Kharmagtai Project Outlook

Xanadu Mines Ltd (AU:XAM) has released an update.

Xanadu Mines Ltd has released a Pre-Feasibility Study for its Kharmagtai Copper-Gold Project in Mongolia, highlighting the project’s potential as a significant, long-life, and low-cost future mine with a 29-year lifespan. The study emphasizes low environmental and social risks, with access to nearby infrastructure supporting rapid development and a projected substantial contribution to the global copper supply. Key financial projections include a 21% IRR, a US$930 million NPV at 8%, and low all-in sustaining costs of US$0.70/lb Cu for the first eight years.

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