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Xanadu Mines Limited (ASX:XAM)

ALERT: Price-sensitive ASX Announcement for XAM
Current share price for XAM : $0.080 0.001 (0.63%)+
Announcement
Release
29 Jul 2025 9:28AM
Price at Release
$0.080
Full Release
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Summary
Xanadu Mines Limited (XAM) released its Quarterly Activities and Appendix 5B Cash Flow Report for the quarter ending 31 March 2023. The company made significant progress on the Kharmagtai Copper-Gold Project in Mongolia, including advancing the Phase 1 Pre-Feasibility Study (PFS) and completing key technical studies to support project development. Xanadu also received a US$7.2M placement from Zijin Mining Group, strengthening its partnership and financial position. The company's exploration activities continued to deliver positive results, and it maintained a strong cash position at the end of the quarter. The report also details cash flows for operating, investing, and financing activities, with a focus on prudent capital management and ongoing exploration and development work at Kharmagtai.
Key Points
  • Advanced Kharmagtai Copper-Gold Project Phase 1 Pre-Feasibility Study (PFS)
  • Completed key technical studies to support project development
  • Received a US$7.2 million placement from Zijin Mining Group
  • Strengthened partnership with Zijin Mining Group
  • Ongoing exploration activities delivered positive results
  • Maintained strong cash position at quarter-end
  • Detailed cash flows for operating, investing, and financing activities
  • Focused on prudent capital management
  • Continued exploration and development at Kharmagtai
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.