Sant Tolgoi Copper-Nickel Project (80% earn-in ~40km²)

The Sant Tolgoi Project covers two Exploration Licences, XV-17774 (Oyut) and XV-21887 (Sant Tolgoi) in the Zavchan Province of Western Mongolia with a combined area of over 40km², collectively referred to as the Sant Tolgoi Project or Sant Tolgoi Cu-Ni project. Xanadu has executed a binding agreement with its partner STSM granting the right to earn up to 80% interest in these two exploration licenses

The Tenement portfolio includes numerous advanced exploration targets with real prospectivity for the discovery of significant magmatic copper and nickel mineralisation, and the first field program was reported to be underway in Q3 2024.

In the Zavchan Region of Mongolia, the Sant Tolgoi Project lies on the western extension to the of the deep seated Khangai Fault systems, a metalliferous fault network which hosts several significant mafic and ultramafic intrusions that are highly encouraging for intrusion hosted copper and nickel discoveries. Early signs of several copper-nickel systems have been encountered in both historical drilling.

References:

1. ASX/TSX Announcement 21 January 2024 – Xanadu Enters Into New Magmatic Copper-Nickel Sulphide Exploration Project
2. ASX/TSX Announcement 10 September – Copper-Nickel Exploration advancing at Sant Tolgoi Project