The identification of additional, higher grade resources at depth looms as the game-changer for Xanadu Mines’ flagship Kharmagtai copper-gold project in Mongolia, according to stockbroker Argonaut Securities. Argonaut analyst George Ross initiated coverage on Xanadu (ASX: XAM) with a “speculative buy” recommendation and a target price of $0.09 last week, noting that the deeper heart of Kharmagtai may host large-scale deposits of >1% copper equivalent material suitable to be extracted using the bulk underground mining method known as block caving.
Ann: Two Diamond Drill Rigs Target High-Grade Bornite Zones, page-18
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Last
8.0¢ |
Change
0.001(1.27%) |
Mkt cap ! $183.2M | |||
| Open | High | Low | Value | Volume |
| 7.9¢ | 8.0¢ | 7.9¢ | $38.38K | 483.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 48314394 | 7.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.0¢ | 5892410 | 30 |
View Market Depth
| Last trade - 15.32pm 31/07/2025 (20 minute delay) ? |
| XAM (ASX) Chart |