Kharmagtai Project - Prefeasibility Drilling Figure 1: Kharmagtai copper-gold district showing currently defined mineral deposits and planned Phase One Resource infill drill holes. Kharmagtai Project - PFS Drilling - White Hill Figure 2: Cross section 591800mE through the White Hill deposit. Figure 3: Core photos from KHDDH638. Figure 3: Core photos from KHDDH638. Figure 4: Core photos from KHDDH634. Figure 4: Core photos from KHDDH634. TORONTO, July 19, 2023 (GLOBE NEWSWIRE) Xanadu Mines Ltd
TORONTO, July 05, 2023 Xanadu Mines Ltd and its joint venture partner Zijin Mining Group Co., Ltd. are pleased to announce results from the first 3,400m shallow exploration discovery drilling.
Xanadu Mines (ASX:XAM) eyes $10M placement for Kharmagtai
Source: International Mining And Resources Conference [YouTube]
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Xanadu Mines (XAM) has received firm commitments to undertake a $10.2 million placement
Roughly 163.8 million fully paid ordinary shares will be issued to professional and sophisticated investors at 6.2 cents
This price represents a 15.1 per cent discount to Xanadu s last close of 7.3 cents on April 20
Xanadu will use the funds to undertake phase two exploration at the Kharmagtai Project in the South Gobi region of Mongolia
Shares in Xanadu are down 11 per cent and are trading at 6.5 cents
Xanadu Mines (ASX:XAM) plans to raise fresh capital themarketherald.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from themarketherald.com.au Daily Mail and Mail on Sunday newspapers.