Xanadu Mines Ltd (ASX:XAM)

Xanadu Mines Ltd (ASX:XAM)

Share Price
$ 0.05
0.003 (6.25 %)
Market Cap
$35.11 m
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Xanadu Mines Ltd

Xanadu Mines Ltd (ASX:XAM) remains committed to Mongolia and its potential as one of the last great copper frontiers.

Market: ASX:XAM
52-week High/Low: A$0.16 / A$0.05
Sector: Mining
Market Cap: $35.11 m
Website: www.xanadumines.com
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Big Picture – A Deep Dive Examination of Xanadu Mines Ltd

Xanadu Mines Ltd Snapshot

Xanadu Mines Ltd (ASX: XAM) is copper and gold exploration company with several advanced exploration projects in Mongolia’s highly mineralised and vastly underexplored south Gobi region. Xanadu controls one of the most promising porphyry copper-gold projects in Asia with Kharmagtai, and has an expanding portfolio of exploration projects including Red Mountain and Yellow Mountain.


The Kharmagtai copper-gold project is located in Omnogovi Province, approximately 420km southeast of Ulaanbaatar. It is within the South Gobi porphyry copper province which hosts most of the known porphyry deposits in the South Gobi region of Mongolia, including the Oyu Tolgoi copper-gold operations (120km south), the Tsagaan Suvarga porphyry copper-molybdenum development (170km east) and Xanadu’s Oyut Ulaan porphyry copper-gold exploration project (260km northeast).

(click here for more information on this project)

Red Mountain

The Red Mountain porphyry copper-gold project is located within the Dornogovi Province of southern Mongolia, approximately 420km southeast of Ulaanbaatar. The exploration prospect is strategically located 70km west from the provincial center, and future industrial center, of Sainshand.

(click here for more information on this project)

Yellow Mountain

The Yellow Mountain porphyry copper project is located within the Bulgan Province of Northern Mongolia, approximately 230km northwest of Ulaanbaatar. The project consists of a cluster of porphyry related lithocaps occuring within a 15km northwest oriented corridor of porphyry-related alteration and mineralization. This is at the north-western extremity of the Selenge Porphyry belt which hosts the Erdenet copper-molybdenum deposit.

(click here for more information on this project)


Last updated 6th July 2018

Independant Non-Executive Chairman

Experienced resources company CEO, director and financier with more than 30 years’ experience within the Canadian, Australian and United Kingdom Stock markets. In Australia, Mr. Tomlinson held senior executive roles with Plutonic Resources and Hartleys Australia as Head of Research. In London, he was Managing Director of Investment Banking at Westwind Partners/Stifel Nicolaus raising equity and providing corporate advice for many resources companies. Previous development and production boards included Chairman of Medusa Mining (ASX, AIM, TSX) and NED on Centamin Plc (ASX, AIM, LSE, TSX) and Orbis Gold (ASX). Currently non‐Executive Chairman of ASX and TSX listed Cardinal Resources and Chairman of ASX listed Plymouth Minerals. Kevin is a member of the Audit Committee and Safety, Health and Environment Committee.

Managing Director & Chief Executive Officer

Dr Andrew is an exploration geologist with over 15 years’ experience in mineral exploration; primarily focused on project generation, project evaluation and exploration strategy development throughout Asia and Eastern Europe. Andrew has particular expertise in porphyry copper-gold and epithermal gold deposits, but has worked across a diverse range of commodities. He holds a BSc (Hons) from Macquarie University and a PhD from the Centre of Ore Deposits and Exploration Studies at the University of Tasmania. During his time at Ivanhoe Mines and Vale, Andrew held various technical and management positions in Mongolia and Indonesia and has been involved in several green fields discoveries. After providing technical and program management for Vale in Indonesia and Mongolia, Andrew joined Xanadu Mines as Chief Geologist leading the gold and base metals project generation and evaluation team in Mongolia. Andrew has been Managing Director and Chief Executive Officer of Xanadu Mines since 2016 and prior to that had been Chief Executive Officer.

Executive Director

Ganbayar is a co-founder of Xanadu and has been a Director since 2006. He is the joint venture partner in Mongol Metals LLC and brings a vital Mongolian perspective to the Board of Directors. He works closely with the Managing Director in corporate development and managing the day-to-day operations in Mongolia. Ganbayar is a member of the Audit Committee and the Safety, Health and Environment Committee.

Non-Executive Director
B. Laws (Hons), B. Arts

Hannah is Director Mongolia at Noble Resources International Pte Ltd and a lawyer having practiced for several years, including 2 years in Mongolia with Lynch & Mahoney. Hannah has extensive Mongolian, commercial and business development experience, having managed QGX LLC until the company was sold in 2008 and now developing and running Noble's business in Mongolia. Hannah is a member of the Governance Committee.

Independent Non-Executive Director
B.Sc (Honours) Phd (Economic Geology) FAusIMM

Darryl is an exploration geologist whose career has taken him throughout Australia, Central Asia and South East Asia for over 20 years. His responsibilities over the last 10 years have involved him in a diverse range of technological, political and cultural environments with unique challenges. During previous corporate roles with both Vale and BHP Billiton, and in consulting roles including SRK, he has been responsible for business development strategies, designing multi-commodity exploration programs and the co-ordination of exploration teams to deliver discovery events. Currently, Dr Clark is the General Director for the Inkai Joint Venture mining operation in Kazakhstan owned by Cameco Corporation & Kazatomprom. Darryl is the Chairman of the Governance Committee and the Chairman of the Safety, Health and Environment Committee.

Non-Executive Director
MAICD; H Compt

Marcus is a well-rounded senior mining executive with both mining and exploration management experience with a strong finance background. He has worked in various emerging markets across the globe, including in Africa, South America and South East Asia, and brings a good network and reputation across the international institutional investment community. Marcus has worked in the mining industry since 1985 and spent 20 years at BHP Billiton through to 2005 where he served as Chief Financial Officer for their Diamonds and Specialty Products business. From 2009 to 2011, he served as Chief Financial Officer of ASX/TSX/NZX listed OceanaGold and from 2011 to 2013, he served as Managing Director of London AIM listed and Singapore based Archipelago Resources Plc, a gold producer in Indonesia. Subsequently he was CEO of Stratex International plc, an AIM listed exploration company with interests in Africa and Turkey. Marcus is currently the Managing Director of Crusader Resources Ltd, an ASX listed explorer with interests in Brazil. Marcus is the Chairman of the Audit Committee and a member of the Governance Committee.

Independent Non-Executive Director

Michele is a Partner with HopgoodGanim Lawyers in Brisbane. He has practised exclusively in corporate law for the duration of his legal career and has extensive experience in mergers and acquisitions and capital markets transactions, including the negotiation of significant commercial contracts and agreements. His key areas of practice include Corporate Advisory and Governance, Mergers and Acquisitions, Capital Markets and Resources and Energy. Michele is also currently a Non-Executive Director with ASX-Listed Aeris Resources Limited (ASX: AIS) and a Non-Executive Director with ASX/TSX listed Cardinal Resources Limited (ASX/TSX: CDV). Formerly, Michele was also Non-Executive Director of Orbis Gold Limited from the time of its ASX listing, through the discovery of its flagship Natougou project and ultimately to the sale of the company to TSX-Listed SEMAFO Inc. (TSX: SMF) in 2015.

(click here for Management)


Last updated 6th July 2018

Registered Office (Australia)
Level 12
680 George St
Sydney NSW 2000

Telephone: +61 2 9547 4300
Facsimile: +61 2 8280 0350
Email: [email protected]

Postal Address
P O Box 20547
World Square NSW 2002

Head Office (Mongolia)
Suite 23, Building 9B
Olympic Street, Khoroo 1, Sukhbaatar District
Ulaanbaatar 14240, Mongolia

Telephone: +97 6 7012 0211
Facsimile: +97 6 7013 0211

Share Registry
Computershare Investor Services Pty Ltd
Level 3, 60 Carrington Street
Sydney NSW 2000

Telephone: +61 1300 855 080
mail: [email protected]

Company Name
Xanadu Mines Limited

Stock Exchange Listings
Australian Securities Exchange (ASX)

ASX code:

92 114 249 026

Internet Address

Registered Office - Australia
Level 12
680 George Street
Sydney NSW 2000

Telephone: +61 2 8280 7497
Facsimile: +61 2 8280 0350
Email: [email protected]

Postal Address
PO Box 20675
World Square NSW 2002

Registered Office - Mongolia
2nd Khoroo, AOS Street
Military Town, Bayanzurkh District
Ulaanbaatar, Mongolia

Telephone: +97 6 7012 0211
Facsimile: +97 6 7013 0211

Share Registry
Computershare Investor Services Pty Ltd
Level 3, 60 Carrington Street
Sydney NSW 2000

Company Matters Pty Limited
Level 12, 680 George Street
Sydney NSW 2000

Ernst & Young
680 George Street
Sydney, NSW 2000

Last updated 6th July 2018

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