Project Overview

Xanadu has assembled a significant position across Mongolia’s porphyry copper belts. Xanadu maintains an active exploration and business development program and is constantly evaluating new project opportunities. Xanadu’s key projects are summarised in the following pages and more detailed information can be found in the company’s ASX and TSX disclosures and Independent Technical Reports.

The exploration potential of Mongolia is only just being recognized. It remains under-explored despite the potential identified in its key copper belts.

Xanadu’s Kharmagtai and Red Mountain Copper-Gold projects sit within the Middle Paleozoic South Gobi Porphyry belt (Gurvansayhan terrane), which is a 600 x 200km arcuate belt formed from Middle to Late Palaeozoic volcanic and sedimentary rocks that have been intruded by Late Devonian and Carboniferous granitoids. It hosts most of the known porphyry and intrusion-related mineralisation in the South Gobi region including the giant Oyu Tolgoi copper-gold mine and Tsagaan Suvarga copper-molybdenum project.

The Company also holds a right to earn up to 80% of the Sant Tolgoi Copper-Nickel Project in Zavkhan Province of Western Mongolia. Xanadu believes this is potentially a new Magmatic Cu-Ni District in an under-explored mineral province of Western Mongolia and is an extension of fertile magmatic activity hosting a significant number of Ni-Cu-PGE deposits in the Central Asian Orogenic Belt. Sant Tolgoi lies on the western extension of the deep seated Khangai Fault systems.