Xanadu raises $10M for program boost

BOUYED by recent successes including the recent shallow Zaraa discovery and warnings of a severe copper shortage over the horizon, Xanadu Mines has closed a A$10 million placement to accelerate resource drilling and economic studies at its flagship Kharmagtai project in Mongolia’s copper belt.

Xanadu raises $10M for program boost Xanadu raises $10M for program boost Xanadu raises $10M for program boost Xanadu raises $10M for program boost Xanadu raises $10M for program boost

Xanadu is having a lot of success in Mongolia.

The South Gobi explorer has placed 59 million shares with a mix of new and existing domestic and international institutional and sophisticated investors at 17c per share, a 15% discount to the recent