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Xanadu Mines (ASX:XAM) Andrew Stewart @ RIU Sydney Resources Round-Up | May 2023

9 May 2023VideosASX:XAM, Client Videos, Conference

Transcript:

Andrew Stewart: Andrew Stewart here, Vice President of Exploration for Xanadu Mines.

We’re here at the RIU this week in Sydney. Exciting time where we get to provide updates for our investors. We’re very active on the ground. Five drill rigs operating at our Kharmagtai project. Four on the infill one exploration. Very, very large program. Probably one of the biggest programs going around at the moment for a copper gold explorer on the HX. Exciting period. As we take this project through the PFS, we’re very excited about our funding. We’ve done with Zijin Mining, one of the world’s biggest mining companies, and that’s a funding that allows us to go through the final investment decision. I think at the moment, one of the few copper companies that’s funded through the study phase as we advance this project through, and as I said, lot of news flow to come the next six to 18 months. Exciting times. Very active on the ground and very well positioned now for what we see as that copper price. Short term, it’s going to be very strong as we come through Xanadu in a privileged position with a copper project going into development as we see that copper market.

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