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Xanadu tables US$1.4 billion gold-copper PFS in Mongolia Bulls N' Bears 14 Oct 2024

Xanadu tables US$1.4 billion gold-copper PFS in Mongolia

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Xanadu Mines has unveiled a prefeasibility study of biblical proportions at its Kharmagtai copper-gold project in Mongolia's South Gobi Desert, including a pre-tax US$1.4 billion NPV, an IRR of 31 per cent at spot commodity prices and a mine life of nearly three decades. The study confirms the project's potential as a globally-significant, low-cost, long-life mining operation.

Xanadu kicks off exploration at new Mongolian copper play Bulls N' Bears 10 Sep 2024

Xanadu kicks off exploration at new Mongolian copper play

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Xanadu Mines has launched into maiden field programs at its Sant Tolgoi copper-nickel project in northern Mongolia. The company says detailed mapping and sampling programs are well underway at the site, with early indications of multiple shallow copper-nickel sulphide targets. Management believes it has multiple copper-nickel targets at Sant Tolgoi, with the potential for new district-scale copper discovery.

New Xanadu resource lifts Mongolian copper-gold potential Bulls N' Bears 21 Aug 2024

New Xanadu resource lifts Mongolian copper-gold potential

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Xanadu Mines has revealed a significant increase in the mineral resource estimate for its flagship Kharmagtai copper-gold project in Mongolia, reporting a 463,000-tonne increase in contained copper and a 746,000-ounce rise in contained gold. The boost has been driven by both the results of new drilling at the White Hill deposit and a refined pit design generated as part of the company's current prefeasibility studies.

Strickland stamps foot on Serbian gold giant Bulls N' Bears 17 Apr 2024

Strickland stamps foot on Serbian gold giant

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Strickland Metals has entered the lucrative Serbian gold game after acquiring the Rogozna project that already boasts a whopping resource of 5.44 million JORC-compliant ounces of gold equivalent. The company says advanced exploration targets at Rogozna offer near-term growth, with diamond drilling outside of the existing resource going as high as a staggering 352m at 2.1 grams per tonne gold equivalent from 240m.

Xanadu on the edge of new copper-gold frontier in Mongolia Bulls N' Bears 14 Feb 2023

Xanadu on the edge of new copper-gold frontier in Mongolia

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Billionaire geologist Robert Friedland's Oyu Tolgoi copper-gold discovery in Mongolia is of biblical proportions and just 120kms to its north west, ASX-listed Xanadu Mines is onto a copper-gold discovery that has already ticked over a billion-tonne resource and counting. Xanadu's Kharmagtai deposit is now taunting the market with its potential in a region that is capable of brewing ridiculous sized mineral deposits like Oyu Tolgoi.

Adriatic taps funding deal to progress Vares silver mine Bulls N' Bears 30 Dec 2022

Adriatic taps funding deal to progress Vares silver mine

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Adriatic Metals has drawn down the first $30m tranche from a $142.5m debt package to keep the wheels spinning on its Vares silver mine development in central Bosnia and Herzegovina. The project has passed the halfway mark of construction, is fully-funded and is on track to begin processing by September 2023. The company is also committing to legacy projects in a once-thriving nearby community.

Local producers show golden touch Mining 10 Aug 2015

Local producers show golden touch

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Gold is a rare bright light in the mining industry, with major changes during the past two years to be followed by the opening of multiple new mines and more M&A deals. Click through to find the special report, which ranks WA producers, and looks at Gold Corp, executive pay, and new gold projects.

Zijin bids $47m for Phoenix Gold Deals 22 Jun 2015

Zijin bids $47m for Phoenix Gold

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The tussle for control of Phoenix Gold intensified today after Zijin Mining Group struck a pre-sales agreement with one of the miner's largest shareholders, boosting its interest to 17.9 per cent ahead of announcing a cash takeover bid that values the business at $47 million.

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