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Xanadu Mines Ltd.

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Summary

Project:

Kharmagtai

Deposit:Kharmagtai
Location:Mongolia
Commodities:Gold
Date:11/28/2019
Report Code:JORC
Report Type:Resource Estimation
Project Stage:Pursuing Resource Increase/Upgrade
Report details:28-11-2019: Xanadu Mines Ltd. announces a Resource Estimation report for its Kharmagtai deposit at the Kharmagtai project. Amended report - updated Exploration Target at Kharmagtai. Further to Xanadu Mines Ltd’s announcement tilted Significant increase in
Resources:
CP/QP:[Overall Report]: Andrew Stewart (Internal)
ABSTRACT:Further to Xanadu Mines Ltd’s announcement tilted Significant increase in Exploration Target at Kharmagtai, lodged with the ASX on 6 November 2019, attached is a revised announcement, as requested by the ASX, that now excludes all references to the independent valuation (“VALMIN”) prepared by SRK Consulting (Australasia) Pty Ltd, for the Kharmagtai Mining Lease, that were included in, and attached a copy of the VALMIN, in the 6 November 2019 announcement, which the ASX found objectionable, and the Company advises investors not to make any investment decisions based on the VALMIN.

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