To cement its status as a genuine Tier One project, Moorhead wants to see Kharmagtai with a resource of at least 1 billion tonnes at a grade of at least 0.5% CuEq.Ideally included in that would be a high grade core of 100Mt or so at a grade of at least 0.8% CuEq, which would provide a point of differentiation from other porphyry projects globally.Ross holds a similar view, saying that resource growth will be critical to attracting another party to help fund development or as a buyer of the project outright.“Future value growth for Xanadu is largely dependent on eventual advancement of the Kharmagtai project to mine,” he said. “When progressed, Kharmagtai will be a large-scale development, with expensive upfront capital costs.“To attract a suitable partner, the project needs to be bigger and ideally higher grade. We speculate an inventory of 4-5Mt CuEq metal might be enough to attract a suitable partner.“This increase could either be achieved through further definition of shallow resources or identification of deep lying bulk tonnes with suitable characteristics for block cave mining.
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Last
7.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $181.0M |
Open | High | Low | Value | Volume |
8.0¢ | 8.0¢ | 7.9¢ | $16.67K | 210.5K |
Buyers (Bids)
No. | Vol. | Price($) |
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11 | 48696554 | 7.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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8.0¢ | 7459148 | 30 |
View Market Depth
No. | Vol. | Price($) |
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10 | 48646554 | 0.079 |
2 | 200000 | 0.077 |
2 | 2000000 | 0.076 |
2 | 200000 | 0.071 |
1 | 7350 | 0.069 |
Price($) | Vol. | No. |
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0.080 | 7459148 | 30 |
0.081 | 76378 | 2 |
0.082 | 355369 | 2 |
0.085 | 76522 | 3 |
0.088 | 10000 | 1 |
Last trade - 16.10pm 30/07/2025 (20 minute delay) ? |
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