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Xanadu Mines Ltd
(Sydney:XAM)
Xanadu Mines Ltd (XAM) vs. iShares MSCI Australia ETF (EWA)
Xanadu Mines Ltd Business Overview & Revenue Model
Xanadu Mines Ltd Financial Statement Overview
| Breakdown | ||||
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 3.00M | 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
| 2.94M | -69.00K | -55.00K | -55.00K | -60.00K | EBIT |
| -6.25M | -4.95M | -9.08M | -3.28M | -8.02M | EBITDA |
| -7.44M | -4.82M | -8.90M | -3.23M | -7.96M | Net Income Common Stockholders |
| -7.58M | -4.51M | -9.34M | -3.06M | -7.92M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 7.32M | 61.00K | 3.32M | 7.69M | 1.21M | Total Assets |
| 66.11M | 50.38M | 54.63M | 51.72M | 44.99M | Total Debt |
| 195.00K | 323.00K | 232.00K | 152.00K | 101.00K | Net Debt |
| -7.13M | 262.00K | -3.09M | -7.54M | -1.11M | Total Liabilities |
| 1.84M | 467.00K | 494.00K | 1.01M | 161.00K | Stockholders Equity |
| 64.27M | 46.67M | 50.07M | 47.03M | 40.28M |
| Cash Flow | Free Cash Flow | |||
| -4.02M | -8.22M | -15.69M | -9.44M | -7.54M | Operating Cash Flow |
| -3.74M | -4.44M | -3.65M | -3.19M | -4.10M | Investing Cash Flow |
| -286.00K | -3.75M | -10.57M | -4.42M | -3.30M | Financing Cash Flow |
| 11.29M | 5.51M | 9.48M | 15.00M | 3.03M |
Xanadu Mines Ltd Technical Analysis
Xanadu Mines Ltd Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
52 Neutral | $181.01M | ― | ― | ― | ― | ||
51 Neutral | $2.03B | -1.13 | -21.36% | 3.65% | 2.87% | -30.54% | |
| $105.48M | ― | -15.12% | ― | ― | ― | ||
| $125.24M | 11.24 | 7.17% | ― | ― | ― | ||
32 Underperform | AU$230.41M | ― | -38.25% | ― | ― | 20.80% | |
| AU$169.05M | 1.78 | 45.15% | ― | ― | ― | ||
| AU$173.72M | ― | -24.60% | ― | ― | ― |
Xanadu Mines Ltd Corporate Events
Xanadu Mines Ltd has announced a change in the director’s interest in securities, specifically regarding Ganbayar Lkhagvasuren. Bastion Mining Pte Ltd, in which Mr. Lkhagvasuren holds a 25% shareholding, acquired an additional 10,221,949 fully paid ordinary shares in Xanadu Mines through an off-market takeover offer. This acquisition increases the indirect interest held by Mr. Lkhagvasuren, potentially impacting the company’s shareholder structure and signaling confidence in Xanadu Mines’ future prospects.
Xanadu Mines Ltd has announced a significant change in the director’s interest, with Ganbayar Lkhagvasuren’s indirect interest in the company increasing substantially. Bastion Mining Pte Ltd, in which Lkhagvasuren holds a 25% shareholding, acquired 286,829,633 fully paid ordinary shares of Xanadu Mines at $0.06 per share through a private placement. This acquisition reflects a strategic move that could impact the company’s market position and influence stakeholder perceptions.
Xanadu Mines Ltd has announced the completion of the dispatch of its Target’s Statement in response to an off-market takeover offer by Bastion Mining Pte. Ltd. The company’s Takeover Board Committee has recommended that shareholders accept the offer, provided no superior proposal emerges and the Independent Expert deems the offer fair and reasonable. The offer is set to close on July 1, 2025, unless extended or withdrawn, and stakeholders are encouraged to review the Bidder’s and Target’s Statements thoroughly before making decisions regarding their shares.
Bastion Mining Pte. Ltd. has initiated an off-market takeover bid for all the ordinary shares it does not already own in Xanadu Mines Limited. The bidder’s statement, which outlines the terms of the offer, has been dispatched to all registered shareholders of Xanadu as of May 26, 2025, through electronic or postal means. This move signifies Bastion’s strategic effort to consolidate its ownership in Xanadu, potentially impacting the company’s market positioning and stakeholder interests.
Xanadu Mines Ltd has announced that Mr. Ganbayar Lkhagvasuren has become a substantial holder in the company as of May 26, 2025. This development gives Mr. Lkhagvasuren a 14.45% voting power in Xanadu Mines, with a total of 331,057,962 shares. The acquisition was made through various interests, including direct holdings and associations with entities like Bastion Mining Pte. Ltd. and Boroo Pte. Ltd., among others. The implications of this move could potentially influence the company’s strategic decisions and shareholder dynamics.
Bastion Mining Pte. Ltd. has acquired a substantial holding in Xanadu Mines Ltd, amounting to 12.52% of the company’s shares. This acquisition, valued at approximately $17.2 million, signifies Bastion’s intent to make a takeover bid for Xanadu, potentially impacting the company’s future operations and market positioning.
Xanadu Mines Ltd has experienced a change in the interests of its substantial holder, CAAF Ltd, due to the issuance of additional shares by the company. This change has resulted in a dilution of CAAF Ltd’s voting power from 11.85% to 9.89%, reflecting the increase in the total number of shares issued by Xanadu Mines Ltd. The adjustment in voting power is significant for the company’s governance and could impact future decision-making processes.
Xanadu Mines Ltd has announced the issuance of 286,829,633 fully paid ordinary shares at $0.06 per share to Bastion Mining Pte. Ltd. This move, executed under a share subscription agreement, is part of the company’s strategic financial operations to enhance its capital structure. The issuance was made without disclosure under Part 6D.2 of the Corporations Act 2001, and the company has complied with relevant regulatory provisions. This development is expected to impact Xanadu Mines’ financial positioning and market operations positively.
Xanadu Mines Ltd has announced that it has received a Bidder’s Statement from Bastion Mining Pte. Ltd. regarding an off-market takeover offer for all its fully paid ordinary shares. The company has also lodged its Target’s Statement in response, recommending shareholders accept the offer in the absence of a superior proposal. This development could significantly impact Xanadu’s operations and market positioning, as the takeover is supported by the Takeover Board Committee, potentially leading to strategic changes and influencing stakeholder interests.
Bastion Mining Pte Ltd has made a takeover offer to acquire all the fully paid ordinary shares of Xanadu Mines Ltd that it does not already own, at a price of A$0.08 per share. The independent directors of Xanadu Mines have recommended shareholders accept the offer in the absence of a superior proposal, indicating that they will also accept the offer for their own shares if no better offer emerges. This move could significantly impact Xanadu’s market positioning and shareholder value.
Bastion Mining Pte Ltd has made a takeover offer for all the fully paid ordinary shares in Xanadu Mines Limited that it does not already own, at a price of A$0.08 per share. The Independent Directors of Xanadu Mines have recommended shareholders accept the offer, provided no superior proposal emerges and the Independent Expert deems the offer fair and reasonable. This move could significantly impact Xanadu’s operations and industry positioning, potentially leading to changes in management and strategic direction.
Xanadu Mines Ltd has announced the cancellation of its Extraordinary General Meeting (EGM) scheduled for 4 June 2025, following the withdrawal of the sole resolution on the agenda. This decision comes after the completion of a A$17.2 million placement to Bastion Mining Pte Ltd and the entry into a Bid Implementation Agreement for a recommended off-market takeover offer. The cancellation of the EGM indicates a strategic shift in the company’s operations, potentially impacting its market positioning and stakeholder interests.
Bastion Mining Pte. Ltd. has initiated an off-market takeover bid for all the ordinary shares it does not already own in Xanadu Mines Limited, as announced on May 19, 2025. The Record Date for determining the shareholders to whom information about the offer will be sent is set for May 26, 2025. This move indicates Bastion’s strategic interest in consolidating its ownership in Xanadu Mines, potentially impacting the company’s market positioning and shareholder dynamics.
Xanadu Mines Ltd has announced the application for the quotation of 286,829,633 fully paid ordinary securities on the Australian Securities Exchange (ASX). This move is part of previously announced transactions and could potentially enhance the company’s market presence and liquidity, impacting its stakeholders by providing more opportunities for investment and growth.
Harvest Lane Asset Management Pty Ltd has become a substantial holder in Xanadu Mines Ltd, acquiring a 5.33% voting power through ordinary shares. This development indicates a significant investment in Xanadu Mines, potentially impacting the company’s market positioning and signaling confidence in its future prospects.
Xanadu Mines Ltd announced a change in the interest of its directors, specifically Colin Moorhead, Ganbayar Lkhagvasuren, Michele Muscillo, and Tony Pearson. This update involves the acquisition and disposal of ordinary fully paid shares and unquoted options, reflecting adjustments in the directors’ financial interests. Such changes can impact the company’s governance and stakeholder confidence, as they may indicate shifts in strategic direction or personal investment perspectives of the leadership team.
Xanadu Mines Ltd announced the results of its Annual General Meeting, where key resolutions were passed, including the re-election of Director Michele Muscillo and the approval of the Remuneration Report. These outcomes reflect shareholder support for the company’s current leadership and strategic direction, potentially strengthening its position in the mining industry.
Xanadu Mines Ltd has announced a significant development in its operations with a takeover bid from Bastion Mining, reflecting the company’s successful strategic efforts over the past five years. The company has revitalized its Kharmagtai project through strategic partnerships and extensive exploration, culminating in a high-quality Pre-Feasibility Study. This progress has positioned Xanadu as a robust player in the mining industry, with Mongolia offering a competitive advantage due to its proximity to China and supportive mining infrastructure.
Xanadu Mines Ltd has issued 92,184,000 fully paid ordinary shares following the exercise of zero-exercise price options by directors and employees, triggered by a recent Change of Control event. This strategic move, executed without disclosure under Part 6D.2 of the Corporations Act, aligns with the company’s compliance with relevant legal provisions and positions it to leverage exemptions under the TSX Company Manual, potentially impacting its market operations and shareholder value.
Xanadu Mines Ltd has announced the issuance of 92,184,000 ordinary fully paid securities, which will be quoted on the ASX. This move is part of the company’s strategy to optimize its capital structure and potentially enhance its liquidity in the market, reflecting a proactive approach in strengthening its financial position.
Xanadu Mines Ltd has announced an off-market takeover bid by Bastion Mining Pte Ltd, which will be discussed in an upcoming webinar hosted by the company’s Executive Chairman and Managing Director, Colin Moorhead. This development could significantly impact Xanadu’s strategic direction and market position, offering potential implications for shareholders and investors.
Xanadu Mines Ltd has announced a proposed issue of 286,829,633 ordinary fully paid securities, scheduled for issuance on May 26, 2025. This strategic move is aimed at raising capital to support the company’s ongoing exploration and development activities, potentially strengthening its position in the mining industry and offering implications for stakeholders in terms of increased investment opportunities.
Xanadu Mines Ltd has announced its participation in the RIU Sydney Resources Roundup, where it will present its latest developments and strategic plans. This presentation is significant as it highlights Xanadu’s progress towards establishing Mongolia’s next major copper mine, potentially enhancing its market position and offering promising prospects for stakeholders.
Xanadu Mines Ltd has announced that its exclusivity agreement with Zijin Mining Group has expired without finalizing a control transaction. The company is now exploring other opportunities, including the potential exercise of a 25% Put Option. An Extraordinary General Meeting is scheduled for June 4, 2025, for shareholders to vote on this option. Xanadu remains optimistic about the Kharmagtai project and is prepared to pursue alternative funding options to ensure its development, aiming to deliver long-term shareholder value.
Xanadu Mines Ltd has transitioned the operatorship of its flagship Kharmagtai Copper and Gold Project to Zijin Mining Group Co. Ltd, following the completion of a Pre-Feasibility Study and Maiden Ore Reserve. This transition marks a significant step towards a Final Investment Decision, with Xanadu exploring strategic options to maximize shareholder value, including potential corporate transactions with Zijin. The company is well-funded, with A$3.73 million in cash, and is actively pursuing project funding and sale options to support its 50% share in the Kharmagtai Joint Venture.
Xanadu Mines Ltd has announced its upcoming Annual General Meeting (AGM) scheduled for May 22, 2025, in Melbourne. The meeting documents, including the Notice of Meeting and Proxy Form, are available on the company’s website. This AGM is a significant event for stakeholders as it provides insights into the company’s strategic direction and operational updates.
Xanadu Mines Ltd announced the results of its Extraordinary General Meeting, where a key resolution regarding the exercise of a 25% Put Option in respect of Khuiten Metals Pte Ltd was not put to the meeting. The decision not to present this resolution was previously communicated, impacting the company’s strategic decisions and potentially affecting its stakeholders.
Xanadu Mines Ltd announced updates regarding its Kharmagtai project, which has completed its Pre-Feasibility Study (PFS) and is ready to commence a Bankable Feasibility Study. The project is expected to produce 75ktpa of copper and 165kozpa of gold over 29 years, with an initial investment of $890M and an NPV of $930M. The strategic partnership with Zijin, which began in 2023, will see Zijin take over as operator for the Feasibility Study and Construction stages, potentially reducing costs through its expertise and sourcing capabilities.
Xanadu Mines Ltd announced a change in its registered office location to Liberty Place, Level 41, 161 Castlereagh Street, Sydney, NSW 2000, effective from 14 April 2025. This move is part of the company’s ongoing operations, although contact details such as telephone numbers, email, and postal addresses remain unchanged. The change in office location reflects Xanadu’s strategic positioning and operational adjustments as it continues to focus on its exploration projects in Mongolia, particularly the Kharmagtai project, which is a significant copper-gold deposit.
Xanadu Mines Ltd has released an investor update presentation, which will be delivered by Managing Director Colin Moorhead. This presentation is expected to provide insights into the company’s operations and its flagship Kharmagtai project, potentially impacting its market positioning and offering valuable information for stakeholders.
Xanadu Mines Ltd announced the withdrawal of a resolution from its upcoming Extraordinary General Meeting, which was initially set to approve the exercise of a 25% Put Option with Zijin Mining Group. Instead, the company has entered a Deed of Variation to extend the option’s term by at least 30 days, allowing further discussions on potential corporate transactions. This strategic move is intended to give Xanadu more time to explore opportunities with Zijin, while maintaining the option to exercise the Put Option, subject to shareholder approval. The company has also established an Independent Board Committee to oversee these discussions, emphasizing the importance of this decision for its strategic positioning.
Xanadu Mines Ltd has experienced a change in the interests of its substantial holder, CAAF Ltd, due to dilution from the issuance of additional shares. This change has resulted in a decrease in CAAF Ltd’s voting power from 13.84% to 11.85% as the total number of shares issued by Xanadu Mines Ltd increased. This development could impact the company’s shareholder dynamics and influence within the organization, potentially affecting strategic decisions and stakeholder interests.
Xanadu Mines Ltd has released its Corporate Governance Statement and Appendix 4G, detailing its adherence to the ASX Corporate Governance Principles and Recommendations. The statement outlines the company’s commitment to high standards of integrity and ethical conduct, with a focus on risk management, strategic direction, and shareholder value. This announcement underscores Xanadu’s dedication to maintaining robust governance practices, which is crucial for its operations and stakeholder confidence.
Xanadu Mines Ltd has released its 2024 Annual Report, highlighting its ongoing operations and strategic focus on copper-gold exploration in Mongolia. This report underscores Xanadu’s commitment to maintaining its position as a leading junior explorer with significant projects, potentially impacting its market standing and offering growth opportunities for stakeholders.
Xanadu Mines Ltd announced its participation in the MST Access Copper Conference, where it will present information about its operations and projects. This presentation is significant as it highlights Xanadu’s strategic positioning in the copper-gold exploration industry, potentially impacting its market presence and investor interest.
Xanadu Mines Ltd announced an Investor Update Webinar presentation, highlighting its ongoing efforts in the Kharmagtai project. This update is significant for stakeholders as it underscores Xanadu’s strategic focus on expanding its copper-gold exploration activities, potentially enhancing its market position and investor appeal.
Xanadu Mines Ltd announced a webinar hosted by its Executive Chairman and Managing Director, Colin Moorhead, to provide an update on the Kharmagtai Copper-Gold Project. The webinar is an opportunity for shareholders and investors to engage with the company’s leadership and gain insights into the project’s progress, potentially impacting Xanadu’s operational strategies and market positioning.