Nice.
Phase 2 placement - $7.2M for exploration of Red Mountain project, new project exploration in southern Mongolia.
Phase 3 placement - $35M for 50:50 JV for Kharmagtai. TBC but I think this should get us through to FID.
Put options for XAM to manage exposure to funding, with Option 2 being interesting. $25M cash which leaves us with (I believe) 18.75% of the overall project. Loan for construction costs from Zijin.
Hopefully the share price responds today.
Ann: Investment Deal signed with Zijin - Pathway to Production, page-2
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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¢ | $2.307M | 29.21M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 698344 | 7.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.0¢ | 13358704 | 31 |
View Market Depth
| Last trade - 11.09am 18/06/2025 (20 minute delay) ? |
| XAM (ASX) Chart |