Xanadu Mines (ASX:XAM) said the pre-feasibility study for its Kharmagtai copper-gold project in Mongolia is in the final stages of technical review and evaluation, according to a Wednesday filing with the Australian Securities Exchange.
Meanwhile, the operator transition to Zijin Mining Group is also underway, per the joint venture shareholders agreement, the filing said.
Xanadu Mines' shares rose almost 2% in recent Thursday trade.
Price (AUD): $0.07, Change: $+0.001, Percent Change: +1.56%
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