Xanadu Mines Ltd (ASX:XAM)
A$ 0.048 -0.001 (-2.04%) Market Cap: 90.51 Mil Enterprise Value: 85.44 Mil PE Ratio: 0 PB Ratio: 1.26 GF Score: 0/100

Xanadu Mines Ltd at Vertical Events RIU Sydney Resources Round-Up Transcript

May 04, 2022 / 04:00AM GMT
Release Date Price: A$0.031
Colin Moorhead
Xanadu Mines Limited - Executive Chairman & Managing Director

Thanks very much for attending and thanks to RIU for organizing this event. It's great to see so many people here. And I think it was about this time last year that all the Western Australians were home in fear of COVID, so it's great that that hasn't happened. That's a [good] -- that's the accommodation at the Kharmagtai. I visited that site in January 2019.

Now, January is the middle of winter in Mongolia, and it was bloody cold. And a little man comes in in the middle of night and puts a bag of coal in your pot belly stove and it keeps you alive. I went there just before the world went into lockdown and I believe in this project. But what I saw, I spent a week looking at core and I didn't see seas and seas and seas of low-grade mineralization and alteration. I saw some really high-grade zones. And I thought, we can do something with this.

There's the normal disclaimers. That's a great picture from a drone -- someone was mentioning drones -- of the site and what the South Gobi Desert looks like. There's

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