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 two key copper belts:

• Middle Paleozoic South Gobi Poprhyry belt (Gurvansayhan terrane) 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; and
• Early Mesozoic Selenge Poprhyry Belt formed within a continental magmatic arc on the margin of the Siberian Craton that developed in response to the closing of the Mongol-Okhotsk Sea and subduction of the palaeo-Pacific ocean below the Siberian Craton. It hosts the giant Erdenet deposit which is Mongolia’s largest producing porphyry copper-molybdenum deposit.