Xanadu Mines Limited (XAM.AX)
Xanadu Mines Limited operates in the Other Precious Metals industry of the Basic Materials sector, headquartered in Sydney, NSW, AU. The stock last traded at $0.08, up 0.00% on the session, giving a market capitalisation of $183.3M. Its beta of 0.33 implies it has historically moved less than the broad market.
Operating from its Sydney, Australia headquarters since its establishment in 2005, Xanadu Mines Limited specializes in the exploration and advancement of various mineral deposits across Mongolia. The company's primary focus lies in identifying significant copper and gold resources. Its leading venture is the Kharmagtai copper-gold project, strategically positioned in Mongolia's Omnogovi province, southeast of Ulaanbaatar. Additionally, Xanadu holds an interest in the Red Mountain copper-gold project, located within the Dornogovi Province in southern Mongolia. To further the Kharmagtai project through its critical evaluation stage and towards future development decisions, Xanadu Mines has formed a strategic alliance with Zijin Mining Group Co., Ltd.
Xanadu Mines Limited is most often compared with the following Basic Materials names: