Mongolian focused Cu-Au Explorer
Committed to Mongolia and its potential as one of the last great copper frontiers.
Executive Chairman Colin Moorhead discusses Zijin's phased transformational investment.
Binding 9.9% stake acquired in $XAM.AX for A$5.56M cash.
Follow-up investments lift stake to 19.99%, plus US$35M cash injection at #Kharmagtai project level to acquire 50%.
Transformation of $XAM from explorer to #developer with Zijin investment. Well positioned for expansion with strategic partner across the border in China. Access to technical skills & marketing abilities of a leading #copper producer.
Executive Chairman Colin Moorhead highlights how Zijin’s investment is an absolute milestone for $XAM.AX.
Big tick of approval & major step forward not only for #Kharmagtai development, but also #Mongolia as an investable #mining jurisdiction.
#copper #gold #development