Xanadu Mines
Copper and gold exploration company in Mongolia.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
| investor investor | €0.0 | round | |
| N/A | €0.0 | round | |
* | N/A | N/A | Acquisition |
| Total Funding | 000k | ||
| AUD | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | - | - | - | - | - | (10 %) |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | - | - | - | - | - | (248 %) | (253 %) |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | - | - | - | - | - | (252 %) | (257 %) |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
Xanadu Mines is an Australian-based exploration company focused on discovering and developing large-scale copper and gold deposits in Mongolia. The company, listed on the Australian and Toronto Stock Exchanges, was founded in 2005 and is headquartered in Sydney, Australia. One of the co-founders, Ganbayar Lkhagvasuren, has served as a Director since 2006 and provides essential local expertise for operations in Mongolia. The Executive Chairman and Managing Director is Colin Moorhead, a geologist with extensive experience in project development and global mining operations.
The company's business model centers on creating shareholder value by advancing projects from discovery to pre-feasibility, thereby offering exposure to significant copper-gold discoveries. Xanadu's flagship asset is the Kharmagtai Copper-Gold Project, located in the South Gobi region of Mongolia. In 2023, Xanadu entered into a strategic partnership with China's Zijin Mining Group, establishing a 50-50 joint venture to develop the Kharmagtai project. This partnership provided substantial funding to advance the project towards a final investment decision. A Pre-Feasibility Study completed in late 2024 outlined a 29-year mine life with significant projected annual production of copper and gold. Following the study, Zijin Mining took over as the operator to move the project into its final feasibility stage.
In addition to Kharmagtai, Xanadu's portfolio includes other exploration projects such as the Red Mountain copper-gold project and the Sant Tolgoi copper-nickel project. The company operates in Mongolia's South Gobi porphyry copper province, a region known for major deposits, and leverages its strategic location near China, the world's largest copper consumer.
Keywords: copper exploration, gold exploration, Mongolian mining, porphyry deposits, mineral development, South Gobi, Kharmagtai project, Red Mountain project, Zijin Mining partnership, ASX listed, TSX listed, mining finance, mineral resources, project feasibility, junior exploration, base metals, strategic minerals, mining investment, Asian mining