Key facts about Xanadu Mines' metallurgical test work update

Xanadu Mines Ltd (ASX: $XAM) has announced positive results from the metallurgical test work for the Kharmagtai Project in Mongolia, in collaboration with joint venture partner Zijin Mining Group Co., Ltd. The test work included PFS stage metallurgical test work for sulphide rougher process recoveries, with rougher flotation tests delivering metallurgical recoveries up to 98% copper and 95% gold. The results indicate potential value uplift in final PFS recoveries and the next stage cleaner recovery and oxide leach test work is progressing as planned.

Executive commentary on the metallurgical test work update

Xanadu's Executive Chairman & Managing Director, Colin Moorhead, expressed satisfaction with the strong sulphide rougher flotation results, highlighting the confirmation of the clean mineralogy of the deposits at Kharmagtai. He emphasized the importance of the ongoing test work, looking forward to future announcements including cleaner flotation and potential value uplift from the oxide leach program being investigated by MPS labs in Perth.

Summary of Xanadu Mines' metallurgical test work update

Xanadu Mines' positive metallurgical test work update for the Kharmagtai Project demonstrates promising results for copper and gold recovery, with potential value uplift in final PFS recoveries. The ongoing test work, including the next stage cleaner recovery and oxide leach program, is expected to provide further insights and potentially enhance the project's value. The Company's joint venture partnership with Zijin Mining Group Co., Ltd. continues to drive the development of the Kharmagtai Project, positioning Xanadu Mines as a key player in the exploration and development of globally significant copper-gold deposits in Mongolia.