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Xanadu Mines Partners with Zijin for Kharmagtai Project Advancement
Apr 11, 2025•about 1 year ago
Contract Type
partnership
TorontoMiningMineralMining Technology
Description
Xanadu Mines Ltd has announced a strategic partnership with Zijin for the advancement of its Kharmagtai project. The project, which has completed its Pre-Feasibility Study and is ready to commence a Bankable Feasibility Study, 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 partnership will see Zijin take over as operator for the Feasibility Study and Construction stages, potentially reducing costs through its expertise and sourcing capabilities.
Company Information
Company
Xanadu Mines Ltd
Location
Toronto, Ontario, Canada
About
Xanadu Mines Ltd is a mining company focused on developing mineral projects in Australia. The company is involved in exploration and production of copper, gold, and nickel resources. Xanadu Mines aims to enhance shareholder value through strategic project acquisitions and financing activities. It is listed on the Australian Stock Exchange (ASX) and the Toronto Stock Exchange (TSX).
TorontoMiningMineralMining Technology