Welcome to Xanadu Mines
Xanadu Mines Ltd is a Mongolian exploration company founded in 2005 and listed on the ASX on 21 December 2010.
It currently has two coking coal assets, the Nuurstei and Javkhlant Joint Ventures with Noble Group, as well as two thermal coal assets at Galshar and Khar Tarvaga, close to rail infrastructure.
Xanadu maintains a dual exploration strategy for coal (coking and thermal) and base metals (porphyry copper and gold), given the unique opportunity presented by Mongolia’s world class geological endowment. The country has a vast cache of walk-up drill targets, most of which have never before been subjected to modern, high technology exploration.
Xanadu is also progressing exploration of its highly prospective suite of licenses for copper and gold in the south east Gobi at Elgen, Zos and Suug. The company recently acquired 100% of the highly prospective Sharchuluut Uul porphyry copper project 40km from the Erdenet copper mine in north west Mongolia, which is the largest copper producer in the region.
Xanadu’s strategy is to target energy and metals opportunities in the Trans-Mongolian rail corridor, near rail infrastructure or within close proximity to the Chinese border. With a six year track record in Mongolia and an experienced international exploration team, Xanadu is ideally placed to identify and capitalise on opportunities to meet the burgeoning energy and metals needs of China and nearby Asian markets.
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