Xanadu Mines progress at Sant Tolgoi Copper-Nickel Project

Xanadu Mines Ltd (ASX:XAM) is making good progress at its field operations at the Sant Tolgoi Copper-Nickel Project in Zavkhan Province of Western Mongolia. The company is focused on advancing its exploration program to identify high-grade sulphide mineralisation within the large Sant Tolgoi Intrusive Complex. The project is considered highly prospective for the discovery of new magmatic intrusion-related Copper-Nickel systems. Xanadu's detailed geological mapping, geochemical sampling, and acquisition of high-resolution magnetic, gravity, and CSAMT are currently in progress, with early geochemical and geophysical results expected in Q4 2024.

Xanadu's VP Exploration, Dr Andrew Stewart, on Sant Tolgoi Project

We are very pleased to have commenced and making excellent exploration progress at the Sant Tolgoi Copper-Nickel Project. This project represents an exciting green-fields opportunity. We believe this is potentially a new Magmatic Cu-Ni District in an under-explored mineral province of Western Mongolia, and is an extension of fertile magmatic activity hosting a significant number of Ni-Cu-PGE deposits in the Central Asian Orogenic Belt. Encouragingly surface mapping has identified widespread mineralisation, primarily consisting of copper oxides, either as fracture fillings or disseminated mineralisation in coarse- to medium- grained gabbro, validating our generative strategy.

Xanadu Mines' progress and outlook at Sant Tolgoi Project

Xanadu Mines Ltd (ASX:XAM) is making significant progress at the Sant Tolgoi Copper-Nickel Project, with the field exploration program well underway. The company aims to identify high-grade sulphide mineralisation within the large Sant Tolgoi Intrusive Complex, and early geochemical and geophysical results are expected in Q4 2024. The project is located in a highly prospective area for the discovery of new magmatic intrusion-related Copper-Nickel systems. Xanadu's ambitions include the potential establishment of a new Magmatic Cu-Ni District in an under-explored mineral province of Western Mongolia. The company's generative strategy has been validated by the identification of widespread mineralisation, primarily consisting of copper oxides, in the project area. Xanadu's agreement terms with STSM grant the right to earn up to 80% interest in the exploration licences, and the company is committed to further exploration and potential joint venture formation. Xanadu's focus on exploration and commitment to advancing the Sant Tolgoi Project reflects its dedication to identifying and developing significant magmatic copper and nickel mineralisation in the region.