Mongolian focused Cu-Au Explorer
Committed to Mongolia and its potential as one of the last great copper frontiers.
During the quarter ended 31 December 2022 $XAM.AX progressed its Kharmagtai & Red Mountain #Copper-#Gold Projects
#XAM completed negotiations & signed its landmark investment deal with Zijin Mining Group to finalise commercial arrangements
Targeting material growth in Kharmagtai Resource tonnes & grade, $XAM.AX is eager to accelerate #exploration with US$15M spend in 2023/4, targeting:
• high-grade mineralisation at depth
• higher-grade deposit extensions
• new discoveries over 66.5km2 tenement
Copper anchors EV ecosystem. Consumption per EV expected to intensify, with copper demand likely to exceed renewables.
$XAM.AX positioned to realise max value near term at our flagship Kharmagtai project incl globally significant #copper #gold Resource.