22/08/2022 - 12:48

Xanadu gets FIRB nod for copper-gold deal in Mongolia

22/08/2022 - 12:48


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Xanadu Mines has received Australian Foreign Investment Review Board approval for Chinese mining giant Zijin to acquire shares in the company to develop its Kharmagtai copper-gold project in Mongolia. It is the first of three approvals required for Zijin to continue its three-phase investment in Xanadu that was announced in April. The project has a mineral resource estimate of 1.1b tonnes for three million tonnes of contained copper and eight million ounces of gold.

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