Ann: Quarterly Cashflow Report - Appendix 5B - 30 June 2018, page-3

Our Explorer of the Year is Xanadu Mines for its success in chasing large porphyry deposits in Mongolia.

The company's Kharmagtai project already has a resource of 203 million tonnes at 0.34% copper and 0.33 grams per tonne gold, which is set to grow with the addition later this year of the exciting Zaraa discovery.

Cobar explorer Peel Mining was the runner-up for its success with the Southern Nights discovery.

Gold scooped three of the four categories last year, but this year's winners are all outside of the precious metals space, reflecting a more even year for the sector.

At the start of June, we asked readers to submit nominations, which were then used formulate a shortlist for each category.

The judging panel comprised MNN editor Kristie Batten, senior reporter Michael Quinn, Aspermont managing editor Richard Roberts, regular contributors Barry FitzGerald and Allan Trench, Kalgoorlie-Boulder Mining Innovation Hub director Sabina Shugg, CSA Global MD Jeff Elliott, Lion Selection Group investment manager Hedley Widdup and PCF Capital MD Liam Twigger.