for the three months ended
(figures are unaudited and in A$ except where stated)
During the quarter ending
Deep discovery drilling continued to test for significant mineralisation below the existing Resource targeted using Xanadu’s Exploration Model which is based on geologic analogues such as
The Company also completed the first tranche of a
Kharmagtai Resource3
- Significant increase in Kharmagtai Resource to 1.3Bt containing 3.4Mt Cu and 8.5Moz Au representing a 15% increase in contained copper metal (Cu) and 9% increase in contained gold metal (Au).
- Material 25% increase in the higher-grade core from
100Mt @ 0.76% CuEq4 to125Mt @ 0.75% CuEq, at a 0.55% CuEq cut off. This is an important driver for early payback of Kharmagtai project capital. - Since 2021 Resource update5, the Company has completed 162 diamond drill holes for 58,259 metres.
- 63% of the updated Resource is now classified in the higher confidence “indicated” category, demonstrating the robust nature of the deposit including >90% Indicated inside the pit shells defined in the scoping study.
- Strong exploration upside remains, with mineralisation open to the east, west, south, and at depth.
Kharmagtai PFS
- Infill drill program completed.
- Sulphide (main orebody) metallurgical test-work advanced at ALS laboratories in
Perth and TruTRC laboratories in Ulaanbaatar; results expected in Q1 CY2024. - Oxide metallurgical test-work in progress at MPS laboratories in
Perth and atZijin Research Labs inXiamen, China , for assessment of leach technologies; results expected Q2 CY2024. - Water Reserve drilling and studies progressed with completion expected in Q2 CY2024.
- Power Supply, Tailings Management, and Infrastructure studies progressing through trade-off phase; majority of work to be completed by Q1 CY2024.
- Commenced studies for System Optimisation (
Whittle Consulting ), Mine Design (Mining Plus) and Process Engineering (DRA Global). - New core processing facility delivered and operational during the Quarter.
- Kharmagtai PFS including Maiden Ore Reserve on-track for Q3 CY2024.
Extensional Drilling6
- After the Quarter, extensional drilling at White Hill expands on recently identified higher-grade zone, located below the previous Scoping Study pit designs and outside the 2023 MRE, highlighting potential to expand the 2023 MRE and both grow and deepen the 2022 Scoping Study pit shells.
- KHDDH808 - 64.45m @ 0.74% CuEq (0.61% Cu & 0.74/t Au) from 516m, including 24.45m @ 1.41% CuEq (1.14% Cu & 0.53g/t Au) from 634m.
- KHDDH806 - 50m @ 0.73% CuEq (0.94% Cu & 0.25g/t Au) from 545m, including 22m @ 1.34% CuEq (2.10% Cu & 0.26g/t Au) from 549.
- After the Quarter, step-out drilling at Golden Eagle returns grades higher than the 2023 MRE and extends mineralisation.
- KHDDH801 - 83.4m @ 0.8g/t AuEq (0.59g/t Au and 0.11% Cu) from 36.6m, including 29m @ 1.42 g/t AuEq (1.14g/t Au and 0.14% Cu) from 57m, including 14m @ 2.18g/t AuEq (1.9g/t Au and 0.14% Cu) from 60m.
- KHDDH801 - 83.4m @ 0.8g/t AuEq (0.59g/t Au and 0.11% Cu) from 36.6m, including 29m @ 1.42 g/t AuEq (1.14g/t Au and 0.14% Cu) from 57m, including 14m @ 2.18g/t AuEq (1.9g/t Au and 0.14% Cu) from 60m.
Discovery Exploration7,8
- New shallow discovery drilling intersects mineralisation across three largely unexplored porphyry clusters, including high-density stockwork, breccia and gold only mineralisation.
- KHDDH590 - 8m @ 1.59g/t Au from 289m, including 4m @ 3.04g.t Au from 291m at Cluster Two (Figure 1).
- KHDDH622 - 15– @ 1.26% Cu from 127m, including 6m @ 2.97% Cu from 132m at Cluster Three (Figure 1).
- Deep diamond drillholes targeting mineralisation below White Hill, the largest deposit delineated to date at Kharmagtai, expands the mineralised system by over 600m.
- KHDDH649 – 1080m @ 0.21% CuEq from 491m.
- Subsequent to the Quarter, deep drilling between Zaraa and Stockwork Hill encounters two broad zones of porphyry and tourmaline breccia style mineralisation between Stockwork Hill and Zaraa, potentially indicating the edges of a very large-scale Cu-Au System.9
- Shallow drilling at Cluster 2 extends mineralisation 800m along strike from the current MRE limit. Given proximity to the high-grade Stockwork Hill deposit, this extension could represent a mineralised porphyry stockwork offset.
- KHDDH786 – 144m @ 0.34% CuEq from 117m, including 12m @ 0.63% CuEq from 144m, and including 12.3m @ 0.54% CuEq from 168m.
- Multiple new broad zones of gold-rich tourmaline breccia mineralisation delivered over a 2km strike, at Cluster 5.
- Extensive discovery drilling continues with regular news flow to continue throughout 2023, focussed on extensions to known deposits and new porphyry copper gold systems.
Corporate
- Completed first tranche of a
$4.3M equity placement.10- First tranche includes 62,996,490 Xanadu shares at
$0.055 per share to professional and sophisticated investors (A$3.46M before costs).11 - Second tranche of 15,185,328 Xanadu shares at
$0.055 per share to Zijin (A$0.84M before costs) subject to formal shareholder vote at Xanadu Extraordinary Meeting (EGM) scheduled for6 February 2024 .12, 13
- First tranche includes 62,996,490 Xanadu shares at
- After the Quarter, agreed a binding term sheet for Sant Tolgoi, a prospective, district-scale magmatic copper-nickel sulphide project, aligned to its Horizon 3 Strategy to build a portfolio of copper, gold & future facing mineral projects.14
- Kharmagtai PFS and Discovery Exploration funded by
US$35M from the Khuiten JV with Zijin Mining Group15; withUS$11.7 million in cash on31 December 2023 . - Xanadu is well-funded, with
A$7.3 million in cash on31 December 2023 and a continued slow burn rate as operator fees are paid by the Kharmagtai project.
Executive Chairman & Managing Director,
Our Kharmagtai our Horizon Two exploration program ran safely and effectively through the quarter, with positive results from both the shallow and deep exploration programs. The deep hole at White Hill demonstrates that system to extend at depth and will help our exploration team to vector towards higher grade mineralisation at depth. The shallow drilling has also extended known mineralisation laterally and also helps inform important infrastructure positioning for the PFS.
As a positive testament to our strategy and our team, Xanadu was able to raise
I look forward to updating the market about our Kharmagtai PFS and Discovery Exploration during the upcoming quarters.”
Strategic Horizon 1 –
During the
Resource Update
An upgraded Resource was announced in
Xanadu engaged independent consultants,
Table 1: Comparison 2023 vs 2021 Resource
Resource | Cutoff (% CuEq) | Classification | Tonnes (Mt) | Grades | Contained Metal | ||||||
CuEq (%) | Cu (%) | Au (g/t) | CuEq (Mlbs) | CuEq (kt) | Cu (kt) | Au (koz) | |||||
2023 | 0.20 (OC) 0.30 (UG) | Indicated | 790 | 0.38 | 0.27 | 0.22 | 6,700 | 3,000 | 2,100 | 5,600 | |
Inferred | 460 | 0.37 | 0.27 | 0.19 | 3,800 | 1,700 | 1,300 | 2,800 | |||
2021 | 0.20 (OC) 0.30 (UG) | Indicated | 450 | 0.40 | 0.28 | 0.25 | 4,100 | 1,900 | 1,300 | 3,700 | |
Inferred | 660 | 0.35 | 0.25 | 0.19 | 5,100 | 2,300 | 1,700 | 4,100 |
Notes: Figures may not sum due to rounding and significant figure do not imply an added level of precision.
The updated Resource block model will be used by Xanadu for subsequent studies within the Kharmagtai PFS, including system optimisation and economic trade-off studies in both mining and plant design.
PFS Deliverables & Schedule
The largest component of the Data Acquisition stage of the Kharmagtai PFS is completed, following infill drill program completion and recently announced new Resource. Remaining data acquisition work includes:
- Final phases of primary sulphide metallurgical test-work.
- Geometallurgical modelling to support mine and plant optimisation.
- Oxide leach testwork, converting waste from the PEA into ore.
- Water Reserve studies and drilling, which will recommence after winter.
- Waste rock and tailings geochemistry.
- Environmental and socioeconomic baseline studies.
The Trade-Off Options studies stage of the Kharmagtai PFS are now well underway to select a single go-forward option for each key areas of the mine. These include:
- Tailings Storage Facility.
- Power Supply.
- Pit Scheduling.
- Comminution Circuit.
- Flotation Circuit.
- Surface Infrastructure.
During Q1 CY2023 the emphasis of the project will shift towards studies including mine engineering and process engineering. The project remains on track for delivery of a PFS and Maiden Ore Reserve in Q3 CY2024.
Extensional Drilling
Subsequent to the quarter, assays were returned from extensional drilling18 at both White Hill and
Three drill holes were collared at White Hill, aiming to extend the recently discovered higher-grade core beneath the 2022 scoping study open pits (Figure 1). These intercepted the moderate grade halo (+0.3% CuEq) +350m shallower than expected and encountered two zones of higher grade (+1% CuEq) mineralisation.
Five drill holes have been collared at Golden Eagle designed to extend the new higher-grade gold zone (+1g/t Au) at Golden Eagle. These returned a broad zone of moderate grade gold with a higher-grade zone at the expected interval. Importantly, the grades encountered were higher than those in the new 2023 MRE19.
Figure 1: Kharmagtai copper-gold district showing defined mineral deposits and completed infill drill holes, deep exploration drill holes, and shallow exploration drill holes since the last announcement of drilling results20.
Strategic Horizon 2 – World Class Discovery
Shallow Discovery Exploration at Kharmagtai
Shallow exploration drilling at Kharmagtai targeted additional porphyry copper-gold deposits outside the currently defined MRE. This programme also serves to inform future infrastructure location decisions associated with the potential development of the
Through the December quarter, a total of 9,000m diamond drilling in forty-one shallow (200m) diamond drill holes was completed21 (Figure 2) since the last update to the shallow drilling program.22 Important outcomes for which follow-up drilling is being planned include:
- Identified a broad zone of porphyry mineralisation above the Resource cut-off grade, including a cohesive zone greater than 0.6% CuEq mineralisation. This may represent a faulted offset to Stockwork Hill.
- Encountered mineralised structures at Cluster Three near surface containing up to 1.3% Cu.
- Defined a 2km long zone of gold-rich tourmaline breccia at Cluster Five.
- Encountered broad zones of peripheral porphyry and tourmaline breccia mineralisation approximately 1km along strike from the Stockwork Hill Tourmaline Breccia.
- Encountered a broad zone of shallow, low-grade porphyry mineralisation approximately 1.5km southwest of
Golden Eagle where there is little drilling to date, suggesting the presence of a large-scale porphyry in this area.
Figure 2: Kharmagtai copper-gold district showing currently defined mineral deposits and planned and completed shallow exploration drill holes. Grey outlines are 2021 scoping study open pit designs and white dashed outlines define porphyry cluster target areas.
Deep Discovery Exploration at Kharmagtai
Existing geochemical, geological, and geophysical datasets point to known mineralisation at Kharmagtai as a shallow surface expression of a much larger porphyry system at depth (Figure 3). Deep drill holes have been designed to ensure that a potential high-grade, large-scale and deeper “Oyu Tolgoi” style deposit is discovered early in the PFS process, allowing optimal infrastructure decisions to be made, without sterilising what could be the major value driver at Kharmagtai (Figure 4).
Drilling in the
Subsequent to the Quarter, assays were returned for a single deep diamond drill hole was collared between Zaraa and Stockwork Hill, designed to test for a large-scale porphyry deposit. KHDDH779 encountered two broad zones of porphyry and tourmaline breccia style mineralisation between Stockwork Hill and Zaraa. This hole appears to have encountered the edges of a very large-scale Cu-Au System.
Figure 3: Long Sections through the Oyu Tolgoi Porphyry System and The Kharmagtai Porphyry System. Deep high-grade exploration drill program geochemical zonation points to much larger system beneath Kharmagtai.
Figure 4: Kharmagtai copper-gold district showing currently defined mineral deposits and planned deep exploration holes.
Red Mountain Exploration
No exploration activity was undertaken at Xanadu’s Red Mountain copper-gold project during the
Strategic Horizon 3 – Portfolio Growth
Subsequent to the Quarter, Xanadu announced a binding term sheet with
The Sant Tolgoi project hosts multiple shallow copper-nickel targets over several kilometres of strike and is well aligned to Xanadu’s Horizon 3 Strategy to build a portfolio future facing metals projects. Detailed mapping, geochemistry and geophysics is planned to start in
Figure 5: Sant Tolgoi Cu-Ni project is located in the
ASX Announcements
This
8 December 2021 – Kharmagtai Resource Grows to 1.1 Billion Tonnes, containing 3Mt Cu and 8Mozu28 February 2022 – Kharmagtai Technical Report29 December 2022 – Investment Deal Signed with Zijin5 July 2023 - Shallow Drilling Confirms Kharmagtai Discovery Potential4 October 2023 – High Grade Core Shaping Up at White Hill26 October 2023 – New Gold Zone Discovered at Golden Eagle16 November 2023 – Multiple New Breakthrough Achievements for Kharmagtai Discovery Drilling20 November 2023 -$4.3M Placement28 November 2023 – Notice under Section 708A(5)(e) of the Corporations Act8 December 2023 – Kharmagtai Mineral Resource grows by 13% CuEq; including >25% increase in higher grade ore8 December 2023 – Second Tranche Placement to Zijin15 December 2023 – Notice of Extraordinary General Meeting / Proxy Form22 January 2024 –Xanadu Enters Into New Magmatic Copper and Nickel Sulphide Project 30 January 2024 - Kharmagtai Drilling Highlights Continued Growth Potential
Key activities planned during the quarter ending
- Strategic Horizon 1 – Kharmagtai PFS
- Follow-up drilling for Kharmagtai PFS primarily focused on sterilisation and geotechnical.
- Water reserve geophysics, modelling and drilling.
- System Optimisation Trade-Off Studies for Process Plant, Mine Design & Scheduling
- Convergent Power Studies
- Infrastructure and Tailings Storage Facility design work
- Completion of sulphide metallurgical testing
- Initial findings from oxide leach tests
- Strategic Horizon 2 - Discovery
- Kharmagtai Shallow and Deep Discovery Exploration drilling programmes.
- Commence a Red Mountain exploration plan.
- Strategic Horizon 3 – Portfolio Expansion
- Continue evaluating new battery metals project opportunities in
Mongolia .
- Continue evaluating new battery metals project opportunities in
Results of Operations
50% Ownership of | 100% Ownership | ||||||||
Quarter Ended | |||||||||
31 Dec 2023 $’000 | 30 Sep 2023 $’000 | 30 Jun 2023 $’000 | 31 Mar 2023 $’000 | 31 Dec 2022 $’000 | |||||
JV: Gross Exploration Expenditurea | |||||||||
Kharmagtai | 7,334 | 10,515 | 8,360 | 1,850 | 402 | ||||
Drill metresb,c | 13,053 | 29,388 | 28,032 | 6,111 | - | ||||
Gross Exploration Expenditure | |||||||||
Red Mountain | 54 | 90 | 32 | 29 | 261 | ||||
Drill metresb,c | - | - | - | - | - | ||||
Exploration expenditures capitalised | 54d | 90d | 32d | 29d | 663 | ||||
Corporate general and administration | 1,437 | 1,365 | 2,712e | 1,267 | 1,095 | ||||
Less JV Operator Overhead recovery | (891)f | (970)f | (1,001)f | - | |||||
Net Corporate general and administration | 546 | 395 | 1,712 | 1,267 | |||||
|
Financial
Capital Structure
On
Equity Placement
Xanadu announced an
- First tranche, being the issue of 62,996,490 New Shares to raise
A$3.36 million , is unconditional and was issued pursuant to the Company’s existing placement capacity under ASX Listing Rule 7.1. - Second tranche, being the proposed subscription of 15,185,328 New Shares by Xanadu’s major shareholder Zijin for
A$0.84 million , is subject to formal documentation and approval byAustralia Foreign Investment Review Board (FIRB) and Xanadu shareholder approval.
An EGM is scheduled on
About
Xanadu is an ASX and TSX listed Exploration company operating in
Figure 4: Location of Xanadu Projects in the South Gobi region of
For further information on Xanadu, please visit: www.xanadumines.com or contact:
Executive Chairman & Managing Director E: colin.moorhead@xanadumines.com P: +61 2 8280 7497 | Chief Financial & Development Officer E: spencer.cole@xanadumines.com P: +61 2 8280 7497 |
This Announcement was authorised for release by Xanadu’s Board of Directors.
APPENDIX 1: TABLES
For original announcements please refer to the following:
4 October 2023 - High Grade Core Shaping Up at White Hill26 October 2023 - New Gold Zone Discovered at Golden Eagle16 November 2023 - Multiple New Breakthrough Achievements for Kharmagtai Discovery Drilling
Table 1. Drill hole details from the quarter (KH prefix = Kharmagtai, OU prefix = Red Mountain, excludes drill holes completed in the prior quarter).
Hole ID | Prospect | East | North | RL | Azimuth (°) | Inc (°) | Depth (m) |
KHDDH684 | 595224 | 4876746 | 1270 | 359 | -60 | 341.0 | |
KHDDH685 | 595226 | 4876847 | 1269 | 360 | -60 | 325.0 | |
KHDDH700 | 595598 | 4876901 | 1269 | 0 | -60 | 267.0 | |
KHDDH701 | 595597 | 4877002 | 1268 | 0 | -60 | 220.0 | |
KHDDH718 | Zephyr | 595397 | 4877445 | 1267 | 0 | -60 | 360.5 |
KHDDH721 | Zephyr | 595523 | 4877497 | 1266 | 0 | -60 | 405.5 |
KHDDH723 | Zephyr | 595649 | 4877663 | 1266 | 0 | -60 | 369.5 |
KHDDH736 | Zephyr | 595524 | 4877596 | 1265 | 0 | -60 | 314.0 |
KHDDH745 | Zephyr | 595774 | 4877744 | 1270 | 0 | -60 | 385.0 |
KHDDH779 | Exploration | 593999 | 4876523 | 1285 | 0 | -70 | 2132.7 |
KHDDH794 | Exploration | 597193 | 4876330 | 1275 | 0 | -60 | 200.0 |
KHDDH795 | Exploration | 594260 | 4875729 | 1285 | 315 | -60 | 498.4 |
KHDDH796 | Exploration | 595818 | 4874725 | 1292 | 315 | -60 | 93.0 |
KHDDH797 | Exploration | 596531 | 4875896 | 1282 | 315 | -60 | 200.0 |
KHDDH798 | Exploration | 594900 | 4875664 | 1278 | 315 | -60 | 200.0 |
KHDDH799 | Exploration | 591077 | 4874898 | 1326 | 315 | -60 | 200.0 |
KHDDH800 | Exploration | 590011 | 4874691 | 1347 | 315 | -60 | 201.0 |
KHDDH801 | 595277 | 4876894 | 1269 | 0 | -60 | 288.5 | |
KHDDH802 | 595332 | 4876839 | 1270 | 0 | -60 | 285.5 | |
KHDDH803 | 595401 | 4876841 | 1269 | 0 | -60 | 291.0 | |
KHDDH804 | 595328 | 4876942 | 1269 | 0 | -60 | 279.5 | |
KHDDH805 | 595399 | 4876919 | 1269 | 0 | -60 | 279.6 | |
KHDDH806 | White Hill | 592393 | 4877472 | 1293 | 180 | -70 | 848.3 |
KHDDH807 | White Hill | 591788 | 4876469 | 1317 | 0 | -60 | 1212.7 |
KHDDH808 | White Hill | 591959 | 4876661 | 1310 | 0 | -60 | 1188.6 |
KHDDH809 | Pechko | 597845 | 4877219 | 1265 | 0 | -70 | 1200.0 |
KHDDH810 | 591291 | 4878056 | 1296 | 318 | -60 | 444.6 | |
KHDDH811 | White Hill | 591099 | 4877967 | 1296 | 315 | -60 | 450.8 |
KHDDH812 | White Hill | 591328 | 4878186 | 1291 | 318 | -60 | 230.0 |
Table 2. Significant drill results from the quarter (KH prefix = Kharmagtai, OU prefix = Red Mountain)
Hole ID | Prospect | From (m) | To (m) | Interval (m) | Au (g/t) | Cu (%) | eCu (%) | eAu (g/t) | |
KHDDH684 | 49 | 248 | 199 | 0.15 | 0.09 | 0.17 | 0.34 | ||
including | 186 | 220 | 34 | 0.33 | 0.17 | 0.34 | 0.67 | ||
and | 282.5 | 341 | 58.5 | 0.09 | 0.16 | 0.20 | 0.39 | ||
KHDDH685 | 34 | 325 | 291 | 0.22 | 0.14 | 0.25 | 0.49 | ||
including | 70 | 74 | 4 | 1.26 | 0.14 | 0.78 | 1.53 | ||
including | 124 | 133.6 | 9.6 | 0.18 | 0.16 | 0.25 | 0.50 | ||
including | 144.95 | 240 | 95.05 | 0.35 | 0.16 | 0.34 | 0.66 | ||
KHDDH686 | 38 | 267.6 | 229.6 | 0.25 | 0.13 | 0.25 | 0.50 | ||
including | 50 | 66 | 16 | 0.60 | 0.11 | 0.42 | 0.82 | ||
including | 94 | 102 | 8 | 0.41 | 0.15 | 0.36 | 0.71 | ||
including | 122 | 148 | 26 | 0.33 | 0.17 | 0.34 | 0.66 | ||
including | 176 | 202 | 26 | 0.40 | 0.14 | 0.35 | 0.69 | ||
KHDDH687 | 37 | 73 | 36 | 0.12 | 0.11 | 0.17 | 0.33 | ||
KHDDH688 | 36 | 144 | 108 | 0.33 | 0.11 | 0.28 | 0.54 | ||
including | 100 | 142 | 42 | 0.53 | 0.15 | 0.42 | 0.82 | ||
including | 122 | 132.9 | 10.9 | 0.72 | 0.25 | 0.61 | 1.20 | ||
and | 156 | 216 | 60 | 0.16 | 0.05 | 0.14 | 0.27 | ||
KHDDH689 | 35.26 | 300 | 264.74 | 0.20 | 0.13 | 0.23 | 0.45 | ||
including | 55 | 65 | 10 | 0.38 | 0.12 | 0.32 | 0.62 | ||
including | 131 | 139 | 8 | 0.39 | 0.17 | 0.37 | 0.73 | ||
including | 181 | 185 | 4 | 0.36 | 0.18 | 0.36 | 0.71 | ||
including | 234 | 252 | 18 | 0.34 | 0.19 | 0.37 | 0.72 | ||
KHDDH690 | 43 | 200 | 157 | 0.28 | 0.12 | 0.27 | 0.52 | ||
including | 53 | 93 | 40 | 0.31 | 0.14 | 0.30 | 0.58 | ||
including | 103 | 136 | 33 | 0.38 | 0.16 | 0.35 | 0.69 | ||
KHDDH691 | 37.7 | 243 | 205.3 | 0.44 | 0.14 | 0.36 | 0.71 | ||
including | 48.3 | 80 | 31.7 | 0.49 | 0.12 | 0.37 | 0.73 | ||
including | 96 | 127 | 31 | 1.21 | 0.24 | 0.86 | 1.68 | ||
including | 96 | 175 | 79 | 0.71 | 0.20 | 0.56 | 1.09 | ||
including | 100 | 104 | 4 | 2.58 | 0.52 | 1.84 | 3.60 | ||
including | 119 | 125 | 6 | 2.58 | 0.49 | 1.81 | 3.55 | ||
including | 185 | 189 | 4 | 0.32 | 0.14 | 0.31 | 0.60 | ||
including | 221 | 231 | 10 | 0.34 | 0.12 | 0.30 | 0.58 | ||
and | 277 | 289 | 12 | 0.05 | 0.06 | 0.08 | 0.16 | ||
KHDDH692 | 36 | 121 | 85 | 0.21 | 0.10 | 0.21 | 0.41 | ||
including | 80 | 107.1 | 27.1 | 0.35 | 0.15 | 0.32 | 0.63 | ||
KHDDH693 | 36 | 175 | 139 | 0.20 | 0.11 | 0.21 | 0.41 | ||
including | 161 | 173 | 12 | 0.24 | 0.17 | 0.30 | 0.58 | ||
KHDDH694 | 45 | 68 | 23 | 0.09 | 0.06 | 0.10 | 0.20 | ||
and | 86 | 124 | 38 | 0.12 | 0.05 | 0.11 | 0.21 | ||
KHDDH695 | 39 | 228.6 | 189.6 | 0.30 | 0.12 | 0.28 | 0.54 | ||
including | 43 | 63 | 20 | 0.49 | 0.11 | 0.36 | 0.71 | ||
including | 125 | 153 | 28 | 0.34 | 0.15 | 0.32 | 0.62 | ||
including | 163 | 215 | 52 | 0.37 | 0.15 | 0.34 | 0.67 | ||
KHDDH696 | 41.9 | 192.5 | 150.6 | 0.23 | 0.10 | 0.21 | 0.42 | ||
including | 48 | 76 | 28 | 0.49 | 0.15 | 0.39 | 0.77 | ||
including | 86 | 90 | 4 | 0.37 | 0.13 | 0.32 | 0.62 | ||
including | 144 | 148 | 4 | 0.50 | 0.17 | 0.43 | 0.84 | ||
including | 174 | 178 | 4 | 0.52 | 0.13 | 0.40 | 0.78 | ||
KHDDH697 | 38.7 | 116 | 77.3 | 0.18 | 0.09 | 0.18 | 0.36 | ||
including | 40 | 70 | 30 | 0.30 | 0.13 | 0.29 | 0.56 | ||
KHDDH698 | 31 | 243 | 212 | 0.32 | 0.13 | 0.29 | 0.57 | ||
including | 35 | 43 | 8 | 0.53 | 0.08 | 0.35 | 0.68 | ||
including | 67 | 90.75 | 23.75 | 0.44 | 0.18 | 0.40 | 0.79 | ||
including | 117 | 154 | 37 | 0.48 | 0.17 | 0.42 | 0.82 | ||
including | 176 | 188 | 12 | 0.32 | 0.19 | 0.35 | 0.68 | ||
including | 198 | 222 | 24 | 0.32 | 0.17 | 0.34 | 0.66 | ||
and | 253 | 275 | 22 | 0.14 | 0.14 | 0.21 | 0.41 | ||
KHDDH699 | 36 | 50 | 14 | 0.21 | 0.04 | 0.14 | 0.28 | ||
KHDDH700 | 43.5 | 196 | 152.5 | 0.22 | 0.09 | 0.20 | 0.39 | ||
including | 96 | 106 | 10 | 0.35 | 0.14 | 0.32 | 0.63 | ||
including | 168 | 182 | 14 | 0.59 | 0.15 | 0.46 | 0.89 | ||
including | 172 | 176 | 4 | 1.10 | 0.24 | 0.80 | 1.56 | ||
KHDDH701 | 40.25 | 123 | 82.75 | 0.16 | 0.09 | 0.18 | 0.34 | ||
including | 42 | 46 | 4 | 0.46 | 0.16 | 0.39 | 0.76 | ||
KHDDH702 | 41.2 | 201 | 159.8 | 0.25 | 0.12 | 0.25 | 0.48 | ||
including | 45 | 69 | 24 | 0.47 | 0.13 | 0.37 | 0.73 | ||
including | 129 | 145 | 16 | 0.30 | 0.14 | 0.29 | 0.58 | ||
and | 213 | 219 | 6 | 0.10 | 0.02 | 0.07 | 0.14 | ||
KHDDH703 | Zephyr | 14.75 | 18.8 | 4.05 | 0.33 | 0.00 | 0.17 | 0.34 | |
KHDDH704 | Zephyr | No significant intercepts | |||||||
KHDDH705 | Zephyr | 14 | 42 | 28 | 0.28 | 0.03 | 0.18 | 0.35 | |
and | 58 | 64 | 6 | 0.40 | 0.05 | 0.25 | 0.50 | ||
and | 78 | 86 | 8 | 0.11 | 0.02 | 0.08 | 0.15 | ||
KHDDH706 | Zephyr | No significant intercepts | |||||||
KHDDH707 | Zephyr | 23.9 | 74 | 50.1 | 0.19 | 0.04 | 0.14 | 0.27 | |
including | 48 | 64 | 16 | 0.47 | 0.04 | 0.28 | 0.55 | ||
KHDDH708 | Zephyr | 40.3 | 157 | 116.7 | 0.18 | 0.09 | 0.18 | 0.35 | |
including | 52 | 58 | 6 | 0.49 | 0.09 | 0.34 | 0.66 | ||
and | 171 | 187.1 | 16.1 | 0.26 | 0.04 | 0.17 | 0.33 | ||
and | 223 | 227.2 | 4.2 | 0.50 | 0.03 | 0.29 | 0.56 | ||
KHDDH709 | Zephyr | 16 | 20 | 4 | 0.22 | 0.00 | 0.12 | 0.23 | |
and | 51 | 58 | 7 | 0.20 | 0.03 | 0.14 | 0.27 | ||
KHDDH710 | Zephyr | No significant intercepts | |||||||
KHDDH711 | Zephyr | 32 | 100 | 68 | 0.09 | 0.10 | 0.15 | 0.29 | |
KHDDH712 | Zephyr | 19 | 28 | 9 | 0.14 | 0.02 | 0.09 | 0.17 | |
and | 41.9 | 57.6 | 15.7 | 0.42 | 0.02 | 0.24 | 0.46 | ||
and | 121 | 132 | 11 | 0.05 | 0.05 | 0.07 | 0.14 | ||
KHDDH713 | Zephyr | 18.5 | 56 | 37.5 | 0.25 | 0.08 | 0.20 | 0.40 | |
including | 40 | 48 | 8 | 0.74 | 0.16 | 0.54 | 1.06 | ||
and | 76 | 107.2 | 31.2 | 0.14 | 0.06 | 0.13 | 0.26 | ||
and | 129 | 140.7 | 11.7 | 0.14 | 0.06 | 0.13 | 0.26 | ||
and | 152 | 189.4 | 37.4 | 0.17 | 0.07 | 0.15 | 0.30 | ||
KHDDH714 | Zephyr | 30 | 38 | 8 | 0.19 | 0.02 | 0.12 | 0.23 | |
and | 48 | 52 | 4 | 0.31 | 0.03 | 0.18 | 0.35 | ||
and | 113 | 121 | 8 | 0.27 | 0.01 | 0.15 | 0.29 | ||
and | 135 | 142 | 7 | 0.22 | 0.01 | 0.12 | 0.24 | ||
KHDDH715 | Zephyr | No significant intercepts | |||||||
KHDDH716 | Zephyr | 15.9 | 75 | 59.1 | 0.09 | 0.10 | 0.14 | 0.28 | |
KHDDH717 | Zephyr | 16.2 | 235 | 218.8 | 0.20 | 0.13 | 0.23 | 0.45 | |
including | 47 | 73 | 26 | 0.46 | 0.24 | 0.47 | 0.93 | ||
including | 138 | 144 | 6 | 0.27 | 0.17 | 0.31 | 0.60 | ||
including | 205 | 223 | 18 | 0.21 | 0.22 | 0.33 | 0.64 | ||
KHDDH718 | Zephyr | 49 | 67 | 18 | 0.25 | 0.04 | 0.16 | 0.32 | |
and | 149 | 153 | 4 | 0.19 | 0.05 | 0.14 | 0.28 | ||
and | 171 | 356 | 185 | 0.21 | 0.12 | 0.22 | 0.44 | ||
including | 211 | 215 | 4 | 0.42 | 0.17 | 0.38 | 0.75 | ||
including | 265 | 276 | 11 | 0.86 | 0.16 | 0.60 | 1.17 | ||
including | 269.5 | 276 | 6.5 | 1.29 | 0.15 | 0.81 | 1.59 | ||
including | 304 | 338 | 34 | 0.33 | 0.20 | 0.37 | 0.72 | ||
KHDDH719 | Zephyr | 45 | 49 | 4 | 0.19 | 0.04 | 0.14 | 0.27 | |
and | 91 | 160 | 69 | 0.13 | 0.07 | 0.13 | 0.26 | ||
KHDDH720 | Zephyr | 38 | 62 | 24 | 0.16 | 0.09 | 0.17 | 0.33 | |
KHDDH721 | Zephyr | 104 | 120 | 16 | 0.16 | 0.05 | 0.13 | 0.25 | |
and | 139.5 | 336.9 | 197.4 | 0.13 | 0.16 | 0.23 | 0.45 | ||
including | 166 | 172 | 6 | 0.10 | 0.30 | 0.35 | 0.68 | ||
including | 193 | 221 | 28 | 0.15 | 0.26 | 0.34 | 0.66 | ||
including | 273 | 311 | 38 | 0.19 | 0.21 | 0.31 | 0.60 | ||
including | 327 | 336 | 9 | 0.24 | 0.17 | 0.29 | 0.57 | ||
and | 347 | 395 | 48 | 0.11 | 0.14 | 0.19 | 0.38 | ||
including | 369 | 389 | 20 | 0.11 | 0.21 | 0.27 | 0.52 | ||
KHDDH722 | Zephyr | 23.2 | 144 | 120.8 | 0.26 | 0.18 | 0.32 | 0.62 | |
including | 23.2 | 87 | 63.8 | 0.44 | 0.25 | 0.47 | 0.93 | ||
including | 25 | 45 | 20 | 0.89 | 0.25 | 0.70 | 1.37 | ||
including | 65 | 76.8 | 11.8 | 0.36 | 0.42 | 0.60 | 1.18 | ||
KHDDH723 | Zephyr | 43 | 246 | 203 | 0.18 | 0.16 | 0.25 | 0.50 | |
including | 83 | 103 | 20 | 0.13 | 0.33 | 0.39 | 0.77 | ||
including | 121 | 129 | 8 | 0.14 | 0.22 | 0.29 | 0.57 | ||
including | 141 | 149 | 8 | 0.31 | 0.30 | 0.45 | 0.89 | ||
including | 163 | 189 | 26 | 0.23 | 0.18 | 0.30 | 0.59 | ||
including | 199 | 219 | 20 | 0.55 | 0.16 | 0.44 | 0.85 | ||
including | 201 | 211 | 10 | 0.89 | 0.16 | 0.62 | 1.21 | ||
including | 232.7 | 242.3 | 9.6 | 0.23 | 0.09 | 0.20 | 0.40 | ||
and | 268 | 272 | 4 | 0.10 | 0.07 | 0.12 | 0.24 | ||
and | 312 | 316 | 4 | 0.16 | 0.05 | 0.13 | 0.25 | ||
KHDDH724 | Zephyr | 13.6 | 118.5 | 104.9 | 0.21 | 0.16 | 0.27 | 0.52 | |
including | 13.6 | 66 | 52.4 | 0.35 | 0.19 | 0.36 | 0.71 | ||
including | 26 | 38 | 12 | 0.31 | 0.34 | 0.50 | 0.97 | ||
and | 165 | 188 | 23 | 0.22 | 0.05 | 0.16 | 0.32 | ||
KHDDH725 | Zephyr | No significant intercepts | |||||||
KHDDH731 | Zephyr | 59 | 65 | 6 | 0.22 | 0.03 | 0.14 | 0.28 | |
and | 89 | 101 | 12 | 0.22 | 0.03 | 0.14 | 0.27 | ||
KHDDH732 | Zephyr | 21.6 | 62 | 40.4 | 0.10 | 0.12 | 0.17 | 0.34 | |
and | 74 | 200 | 126 | 0.13 | 0.22 | 0.29 | 0.57 | ||
including | 74 | 88 | 14 | 0.23 | 0.20 | 0.32 | 0.63 | ||
including | 98 | 108.2 | 10.2 | 0.23 | 0.25 | 0.37 | 0.72 | ||
including | 119.4 | 171 | 51.6 | 0.12 | 0.29 | 0.35 | 0.69 | ||
KHDDH736 | Zephyr | 48 | 54 | 6 | 0.07 | 0.08 | 0.12 | 0.23 | |
and | 68 | 264 | 196 | 0.25 | 0.12 | 0.25 | 0.48 | ||
including | 128 | 163.8 | 35.8 | 0.33 | 0.17 | 0.34 | 0.67 | ||
including | 184.2 | 211 | 26.8 | 1.00 | 0.16 | 0.68 | 1.32 | ||
including | 184.2 | 188.9 | 4.7 | 1.23 | 0.37 | 1.00 | 1.96 | ||
including | 200 | 209 | 9 | 1.77 | 0.17 | 1.07 | 2.10 | ||
KHDDH740 | Zephyr | 31.2 | 59 | 27.8 | 0.04 | 0.10 | 0.12 | 0.23 | |
KHDDH745 | Zephyr | 38.8 | 104.9 | 66.1 | 0.10 | 0.21 | 0.26 | 0.51 | |
including | 60 | 80 | 20 | 0.13 | 0.27 | 0.33 | 0.65 | ||
and | 171 | 179.2 | 8.2 | 0.16 | 0.06 | 0.15 | 0.29 | ||
and | 242 | 256 | 14 | 0.25 | 0.03 | 0.16 | 0.31 | ||
including | 242 | 252 | 10 | 0.32 | 0.03 | 0.20 | 0.38 | ||
and | 270 | 351 | 81 | 0.14 | 0.09 | 0.17 | 0.33 | ||
including | 270 | 277.3 | 7.3 | 0.53 | 0.07 | 0.34 | 0.66 | ||
including | 293 | 299 | 6 | 0.22 | 0.21 | 0.32 | 0.62 | ||
KHDDH752 | Zephyr | 27.5 | 40 | 12.5 | 0.08 | 0.03 | 0.07 | 0.15 | |
and | 111.1 | 118 | 6.9 | 0.07 | 0.07 | 0.10 | 0.20 | ||
and | 142 | 210 | 68 | 0.08 | 0.19 | 0.23 | 0.45 | ||
including | 156 | 160 | 4 | 0.29 | 0.24 | 0.39 | 0.76 | ||
including | 202 | 208 | 6 | 0.08 | 0.28 | 0.32 | 0.62 | ||
KHDDH761 | Exploration | 39.5 | 141 | 101.5 | 0.19 | 0.06 | 0.16 | 0.30 | |
including | 80 | 88 | 8 | 0.32 | 0.08 | 0.24 | 0.47 | ||
including | 98 | 106 | 8 | 0.61 | 0.07 | 0.38 | 0.74 | ||
and | 151 | 161 | 10 | 0.12 | 0.06 | 0.12 | 0.24 | ||
and | 175 | 225 | 50 | 0.11 | 0.09 | 0.14 | 0.28 | ||
and | 235 | 239 | 4 | 0.17 | 0.20 | 0.29 | 0.56 | ||
and | 261 | 267.5 | 6.5 | 0.37 | 0.16 | 0.35 | 0.69 | ||
and | 277 | 293.85 | 16.85 | 0.23 | 0.10 | 0.22 | 0.43 | ||
and | 316 | 337.5 | 21.5 | 0.22 | 0.07 | 0.18 | 0.35 | ||
including | 324 | 334 | 10 | 0.28 | 0.09 | 0.24 | 0.46 | ||
KHDDH762 | Exploration | 43 | 96.3 | 53.3 | 0.21 | 0.07 | 0.17 | 0.34 | |
and | 113.1 | 178.2 | 65.1 | 0.28 | 0.06 | 0.20 | 0.39 | ||
including | 129 | 145 | 16 | 0.44 | 0.07 | 0.30 | 0.58 | ||
KHDDH763 | Exploration | 173 | 179 | 6 | 0.21 | 0.01 | 0.12 | 0.23 | |
KHDDH764 | Exploration | 56.9 | 67 | 10.1 | 0.27 | 0.11 | 0.25 | 0.48 | |
including | 56.9 | 63 | 6.1 | 0.35 | 0.14 | 0.32 | 0.63 | ||
and | 129 | 139 | 10 | 0.50 | 0.06 | 0.31 | 0.61 | ||
including | 135 | 139 | 4 | 0.80 | 0.07 | 0.48 | 0.93 | ||
and | 149.25 | 194 | 44.75 | 0.21 | 0.09 | 0.20 | 0.39 | ||
including | 169 | 177 | 8 | 0.53 | 0.21 | 0.48 | 0.94 | ||
KHDDH765 | Exploration | 144 | 150.5 | 6.5 | 0.29 | 0.12 | 0.27 | 0.52 | |
KHDDH766 | Exploration | No significant intercepts | |||||||
KHDDH767 | Exploration | No significant intercepts | |||||||
KHDDH768 | Exploration | No significant intercepts | |||||||
KHDDH769 | Exploration | No significant intercepts | |||||||
KHDDH770 | Exploration | 42 | 48 | 6 | 0.31 | 0.03 | 0.19 | 0.38 | |
and | 70 | 84 | 14 | 0.03 | 0.12 | 0.14 | 0.27 | ||
and | 94 | 148 | 54 | 0.06 | 0.10 | 0.13 | 0.25 | ||
and | 181 | 194 | 13 | 0.07 | 0.05 | 0.08 | 0.16 | ||
KHDDH771 | Exploration | 39 | 65.5 | 26.5 | 0.30 | 0.04 | 0.19 | 0.38 | |
and | 76 | 86.9 | 10.9 | 0.18 | 0.06 | 0.15 | 0.29 | ||
and | 108 | 123.4 | 15.4 | 0.13 | 0.12 | 0.18 | 0.35 | ||
KHDDH772 | Exploration | 41.3 | 51 | 9.7 | 0.19 | 0.05 | 0.15 | 0.29 | |
KHDDH773 | Exploration | No significant intercepts | |||||||
KHDDH774 | Exploration | 92.2 | 107 | 14.8 | 0.44 | 0.01 | 0.23 | 0.46 | |
KHDDH775 | Exploration | No significant intercepts | |||||||
KHDDH776 | Exploration | No significant intercepts | |||||||
KHDDH777 | Exploration | No significant intercepts | |||||||
KHDDH778 | Exploration | No significant intercepts | |||||||
KHDDH779 | Exploration | 66 | 78 | 12 | 0.13 | 0.08 | 0.14 | 0.28 | |
and | 320 | 326 | 6 | 0.35 | 0.13 | 0.31 | 0.60 | ||
and | 499 | 505 | 6 | 0.01 | 0.11 | 0.11 | 0.22 | ||
and | 557 | 577 | 20 | 0.09 | 0.12 | 0.16 | 0.32 | ||
and | 587 | 595 | 8 | 0.02 | 0.11 | 0.12 | 0.23 | ||
and | 611 | 621 | 10 | 0.02 | 0.08 | 0.09 | 0.18 | ||
and | 661 | 673 | 12 | 0.04 | 0.08 | 0.11 | 0.21 | ||
and | 782 | 788 | 6 | 0.06 | 0.07 | 0.10 | 0.19 | ||
and | 810 | 820 | 10 | 0.05 | 0.07 | 0.10 | 0.19 | ||
and | 874 | 1118 | 244 | 0.03 | 0.13 | 0.15 | 0.29 | ||
including | 980 | 984 | 4 | 0.09 | 0.28 | 0.33 | 0.64 | ||
including | 1087 | 1098 | 11 | 0.05 | 0.19 | 0.22 | 0.42 | ||
and | 1132 | 1430 | 298 | 0.07 | 0.13 | 0.17 | 0.33 | ||
including | 1253.65 | 1263 | 9.35 | 0.06 | 0.23 | 0.26 | 0.51 | ||
including | 1362 | 1367 | 5 | 1.11 | 0.32 | 0.89 | 1.73 | ||
and | 1442 | 1486 | 44 | 0.06 | 0.08 | 0.11 | 0.22 | ||
and | 1496 | 1517 | 21 | 0.01 | 0.09 | 0.10 | 0.19 | ||
and | 1577 | 1585 | 8 | 0.16 | 0.15 | 0.23 | 0.44 | ||
and | 1649 | 1658 | 9 | 0.02 | 0.04 | 0.05 | 0.10 | ||
and | 1724 | 1730 | 6 | 0.03 | 0.15 | 0.17 | 0.33 | ||
and | 1756 | 1831 | 75 | 0.07 | 0.08 | 0.11 | 0.22 | ||
and | 1885 | 1930.8 | 45.8 | 0.05 | 0.10 | 0.13 | 0.25 | ||
including | 1925 | 1930.8 | 5.8 | 0.08 | 0.24 | 0.28 | 0.55 | ||
and | 1940 | 2050 | 110 | 0.08 | 0.18 | 0.22 | 0.44 | ||
including | 1996 | 2014.4 | 18.4 | 0.13 | 0.37 | 0.44 | 0.85 | ||
including | 2036 | 2050 | 14 | 0.16 | 0.22 | 0.30 | 0.59 | ||
and | 2068 | 2078.1 | 10.1 | 0.04 | 0.09 | 0.11 | 0.22 | ||
KHDDH780 | Exploration | No significant intercepts | |||||||
KHDDH781 | Exploration | No significant intercepts | |||||||
KHDDH782 | Exploration | No significant intercepts | |||||||
KHDDH783 | Exploration | 29 | 68 | 39 | 0.06 | 0.08 | 0.11 | 0.22 | |
and | 88 | 144 | 56 | 0.08 | 0.15 | 0.19 | 0.37 | ||
including | 106 | 110 | 4 | 0.20 | 0.44 | 0.54 | 1.05 | ||
and | 194 | 211 | 17 | 0.06 | 0.08 | 0.11 | 0.22 | ||
KHDDH784 | Exploration | 224 | 228 | 4 | 0.19 | 0.09 | 0.18 | 0.36 | |
and | 274 | 279.6 | 5.6 | 0.12 | 0.08 | 0.14 | 0.27 | ||
KHDDH785 | Exploration | No significant intercepts | |||||||
KHDDH786 | Exploration | 41 | 45 | 4 | 0.64 | 0.01 | 0.34 | 0.66 | |
and | 79 | 87 | 8 | 0.24 | 0.00 | 0.13 | 0.25 | ||
and | 117 | 261 | 144 | 0.18 | 0.25 | 0.34 | 0.67 | ||
including | 127 | 225 | 98 | 0.22 | 0.30 | 0.41 | 0.81 | ||
including | 144 | 156 | 12 | 0.31 | 0.47 | 0.63 | 1.23 | ||
including | 168 | 180.3 | 12.3 | 0.28 | 0.40 | 0.54 | 1.05 | ||
KHDDH787 | Exploration | 22 | 38 | 16 | 0.14 | 0.12 | 0.19 | 0.37 | |
including | 32 | 38 | 6 | 0.27 | 0.26 | 0.40 | 0.78 | ||
and | 56 | 70 | 14 | 0.10 | 0.13 | 0.18 | 0.35 | ||
and | 86 | 95 | 9 | 0.05 | 0.12 | 0.14 | 0.28 | ||
and | 128 | 138 | 10 | 0.12 | 0.06 | 0.13 | 0.25 | ||
and | 188 | 199 | 11 | 0.07 | 0.07 | 0.11 | 0.21 | ||
KHDDH788 | Exploration | 141 | 145 | 4 | 0.18 | 0.03 | 0.12 | 0.23 | |
KHDDH789 | Exploration | 80 | 85 | 5 | 0.18 | 0.05 | 0.14 | 0.27 | |
and | 271 | 275 | 4 | 0.18 | 0.05 | 0.14 | 0.27 | ||
KHDDH790 | Exploration | 112 | 134 | 22 | 0.06 | 0.04 | 0.07 | 0.13 | |
KHDDH791 | Exploration | 132 | 136 | 4 | 0.03 | 0.11 | 0.13 | 0.25 | |
and | 146 | 152 | 6 | 0.12 | 0.09 | 0.15 | 0.29 | ||
KHDDH792 | Exploration | 24 | 30 | 6 | 0.03 | 0.14 | 0.15 | 0.30 | |
and | 123 | 130.9 | 7.9 | 0.04 | 0.07 | 0.09 | 0.18 | ||
and | 172 | 184 | 12 | 0.05 | 0.07 | 0.10 | 0.19 | ||
and | 204 | 214 | 10 | 0.07 | 0.07 | 0.11 | 0.22 | ||
KHDDH793 | Exploration | 51 | 63 | 12 | 0.05 | 0.07 | 0.10 | 0.19 | |
and | 106 | 126 | 20 | 0.15 | 0.25 | 0.33 | 0.64 | ||
including | 110 | 124 | 14 | 0.13 | 0.32 | 0.39 | 0.76 | ||
and | 138 | 158 | 20 | 0.10 | 0.08 | 0.13 | 0.26 | ||
KHDDH794 | Exploration | No significant intercepts | |||||||
KHDDH795 | Exploration | 68 | 94 | 26 | 0.03 | 0.07 | 0.09 | 0.17 | |
and | 141 | 151 | 10 | 0.11 | 0.11 | 0.17 | 0.33 | ||
and | 194.1 | 294 | 99.9 | 0.22 | 0.08 | 0.19 | 0.37 | ||
including | 262 | 279.5 | 17.5 | 0.32 | 0.11 | 0.27 | 0.54 | ||
and | 308 | 330 | 22 | 0.13 | 0.06 | 0.13 | 0.25 | ||
and | 340 | 435 | 95 | 0.17 | 0.07 | 0.16 | 0.31 | ||
including | 382 | 388 | 6 | 0.35 | 0.17 | 0.35 | 0.68 | ||
including | 404.5 | 410.8 | 6.3 | 0.14 | 0.10 | 0.18 | 0.34 | ||
and | 491 | 495 | 4 | 0.17 | 0.06 | 0.15 | 0.30 | ||
KHDDH796 | Exploration | No significant intercepts | |||||||
KHDDH797 | Exploration | 161 | 165 | 4 | 0.48 | 0.02 | 0.26 | 0.51 | |
KHDDH798 | Exploration | 14 | 28 | 14 | 0.09 | 0.09 | 0.13 | 0.26 | |
and | 134 | 154 | 20 | 0.04 | 0.13 | 0.15 | 0.29 | ||
KHDDH799 | Exploration | No significant intercepts | |||||||
KHDDH800 | Exploration | No significant intercepts | |||||||
KHDDH801 | 36.6 | 120 | 83.4 | 0.59 | 0.11 | 0.41 | 0.80 | ||
including | 57 | 86 | 29 | 1.14 | 0.14 | 0.73 | 1.42 | ||
including | 60 | 74 | 14 | 1.90 | 0.14 | 1.11 | 2.18 | ||
including | 106 | 114.2 | 8.2 | 0.46 | 0.12 | 0.35 | 0.69 | ||
and | 140 | 288.5 | 148.5 | 0.29 | 0.12 | 0.26 | 0.51 | ||
including | 201 | 209 | 8 | 0.33 | 0.15 | 0.32 | 0.62 | ||
including | 244 | 264 | 20 | 0.72 | 0.18 | 0.55 | 1.07 | ||
KHDDH802 | 35.5 | 285.5 | 250 | 0.37 | 0.12 | 0.31 | 0.60 | ||
including | 84 | 180 | 96 | 0.55 | 0.14 | 0.41 | 0.81 | ||
including | 206 | 212 | 6 | 0.41 | 0.11 | 0.32 | 0.63 | ||
including | 232 | 252 | 20 | 0.39 | 0.15 | 0.35 | 0.68 | ||
KHDDH803 | 36.8 | 244 | 207.2 | 0.20 | 0.11 | 0.21 | 0.42 | ||
including | 88 | 98 | 10 | 0.29 | 0.16 | 0.30 | 0.59 | ||
including | 170 | 200 | 30 | 0.34 | 0.12 | 0.30 | 0.58 | ||
and | 254 | 270.2 | 16.2 | 0.07 | 0.06 | 0.10 | 0.19 | ||
KHDDH804 | 38.1 | 88 | 49.9 | 0.40 | 0.10 | 0.30 | 0.59 | ||
including | 38.9 | 58.8 | 19.9 | 0.61 | 0.16 | 0.47 | 0.92 | ||
and | 99.25 | 277 | 177.75 | 0.23 | 0.11 | 0.23 | 0.44 | ||
including | 113.8 | 178 | 64.2 | 0.42 | 0.14 | 0.35 | 0.69 | ||
including | 236 | 244.6 | 8.6 | 0.25 | 0.15 | 0.27 | 0.54 | ||
KHDDH805 | 41.6 | 195 | 153.4 | 0.43 | 0.13 | 0.35 | 0.68 | ||
including | 44 | 111 | 67 | 0.67 | 0.15 | 0.50 | 0.97 | ||
including | 54 | 62 | 8 | 1.34 | 0.18 | 0.87 | 1.70 | ||
including | 54 | 60 | 6 | 1.43 | 0.18 | 0.91 | 1.78 | ||
including | 77 | 91 | 14 | 0.81 | 0.21 | 0.62 | 1.22 | ||
including | 127 | 133 | 6 | 0.37 | 0.15 | 0.34 | 0.66 | ||
and | 267 | 278 | 11 | 0.06 | 0.05 | 0.08 | 0.15 | ||
KHDDH806 | White Hill | 2 | 146 | 144 | 0.06 | 0.13 | 0.16 | 0.32 | |
and | 156 | 443.4 | 287.4 | 0.07 | 0.18 | 0.21 | 0.41 | ||
including | 386 | 443.4 | 57.4 | 0.15 | 0.29 | 0.36 | 0.71 | ||
and | 545 | 595 | 50 | 0.94 | 0.25 | 0.73 | 1.42 | ||
including | 549 | 571 | 22 | 2.10 | 0.26 | 1.34 | 2.62 | ||
and | 779 | 821 | 42 | 0.03 | 0.22 | 0.24 | 0.46 | ||
including | 781 | 790 | 9 | 0.05 | 0.53 | 0.56 | 1.09 | ||
KHDDH807 | White Hill | 295 | 353 | 58 | 0.04 | 0.09 | 0.11 | 0.22 | |
and | 367 | 425 | 58 | 0.04 | 0.12 | 0.14 | 0.27 | ||
including | 381 | 385 | 4 | 0.09 | 0.36 | 0.40 | 0.79 | ||
and | 435 | 994.7 | 559.7 | 0.07 | 0.23 | 0.27 | 0.53 | ||
including | 457 | 477 | 20 | 0.09 | 0.19 | 0.23 | 0.46 | ||
including | 487 | 499 | 12 | 0.11 | 0.31 | 0.36 | 0.71 | ||
including | 512 | 524 | 12 | 0.10 | 0.26 | 0.31 | 0.61 | ||
including | 546 | 555.4 | 9.4 | 0.13 | 0.26 | 0.33 | 0.65 | ||
including | 685 | 712 | 27 | 0.05 | 0.26 | 0.28 | 0.55 | ||
including | 734 | 747 | 13 | 0.08 | 0.33 | 0.37 | 0.72 | ||
including | 761 | 983 | 222 | 0.10 | 0.31 | 0.36 | 0.70 | ||
including | 834 | 838 | 4 | 0.22 | 0.55 | 0.66 | 1.28 | ||
and | 1004 | 1198 | 194 | 0.06 | 0.19 | 0.22 | 0.42 | ||
including | 1034 | 1090 | 56 | 0.10 | 0.25 | 0.30 | 0.59 | ||
including | 1180 | 1184 | 4 | 0.08 | 0.43 | 0.46 | 0.91 | ||
KHDDH808 | White Hill | 238 | 242 | 4 | 0.05 | 0.18 | 0.20 | 0.39 | |
and | 282.5 | 319 | 36.5 | 0.07 | 0.15 | 0.18 | 0.36 | ||
including | 305 | 311 | 6 | 0.09 | 0.32 | 0.36 | 0.70 | ||
and | 333 | 580.45 | 247.45 | 0.11 | 0.29 | 0.35 | 0.68 | ||
including | 341 | 346 | 5 | 0.07 | 0.24 | 0.27 | 0.53 | ||
including | 465 | 500 | 35 | 0.09 | 0.31 | 0.36 | 0.70 | ||
including | 516 | 580.45 | 64.45 | 0.26 | 0.61 | 0.74 | 1.44 | ||
including | 556 | 580.45 | 24.45 | 0.53 | 1.14 | 1.41 | 2.75 | ||
including | 558 | 571.8 | 13.8 | 0.70 | 1.64 | 1.99 | 3.90 | ||
and | 608 | 626 | 18 | 0.19 | 0.05 | 0.14 | 0.28 | ||
including | 620 | 624 | 4 | 0.50 | 0.05 | 0.31 | 0.60 | ||
and | 644 | 652 | 8 | 0.19 | 0.03 | 0.12 | 0.24 | ||
and | 664 | 672 | 8 | 0.10 | 0.15 | 0.20 | 0.39 | ||
and | 750 | 1085 | 335 | 0.08 | 0.25 | 0.30 | 0.58 | ||
including | 751.7 | 891 | 139.3 | 0.12 | 0.38 | 0.44 | 0.86 | ||
including | 786 | 796 | 10 | 0.13 | 0.54 | 0.61 | 1.19 | ||
including | 812 | 818 | 6 | 0.27 | 0.85 | 0.99 | 1.94 | ||
including | 918 | 926 | 8 | 0.08 | 0.26 | 0.30 | 0.59 | ||
including | 958 | 962 | 4 | 0.08 | 0.29 | 0.33 | 0.65 | ||
including | 980 | 989 | 9 | 0.22 | 0.22 | 0.33 | 0.64 | ||
including | 1028.8 | 1035 | 6.2 | 0.12 | 0.50 | 0.56 | 1.10 | ||
and | 1115 | 1127 | 12 | 0.03 | 0.12 | 0.14 | 0.27 | ||
and | 1142 | 1172 | 30 | 0.02 | 0.11 | 0.12 | 0.24 | ||
and | 1182 | 1186 | 4 | 0.02 | 0.13 | 0.14 | 0.27 | ||
KHDDH809 | Assays pending | ||||||||
KHDDH810 | Assays pending | ||||||||
KHDDH811 | Assays pending | ||||||||
KHDDH812 | Assays pending |
APPENDIX 2: STATEMENTS AND DISCLAIMERS
MINERAL RESOURCES AND ORE RESERVES REPORTING REQUIREMENTS
The JORC Code, 2012 sets out minimum standards, recommendations and guidelines for Public Reporting in
MINERAL RESOURCES AND
Mineral Resource Estimates for Kharmagtai were updated during the
MINING ACTIVITIES
There were no mine production or development activities during the
LIST OF TENEMENTS
Xanadu held licenses for the following tenements during the
Project | Tenement | Beneficial Ownership | Location | ||||
Start of Quarter | End of Quarter | ||||||
Red Mountain | Red Mountain | 100% | 100% | ||||
Kharmagtai | Kharmagtai | 38.25%30 | 38.25% | ||||
Sant Tolgoi | Sant Tolgoi, Oyut | 0% | 0%31 |
COMPETENT PERSON STATEMENTS
The information in this announcement that relates to Mineral Resources is based on information compiled by Mr
The information in this announcement that relates to exploration results is based on information compiled by Dr
RELATED PARTIES
As set out in section 6.1 of the attached Appendix 5B, Mining exploration entity or oil and gas exploration entity quarterly cash flow report, payments made to related parties and their associates was approx.
COPPER EQUIVALENT CALCULATIONS
The copper equivalent (eCu, CuEq) calculation represents the total metal value for each metal, multiplied by the conversion factor, summed and expressed in equivalent copper percentage with a metallurgical recovery factor applied.
Copper equivalent grade values were calculated using the formula: CuEq = Cu + Au * 0.60049 * 0.86667.
Where Cu - copper grade (%); Au - gold grade (g/t); 0.60049 - conversion factor (gold to copper); 0.86667 - relative recovery of gold to copper (86.67%).
The copper equivalent formula was based on the following parameters (prices are in USD): Copper price 3.4 $/lb; Gold price 1400 $/oz; Copper recovery 90%; Gold recovery 78%; Relative recovery of gold to copper = 78% / 90% = 86.67%.
FORWARD‐LOOKING STATEMENTS
Certain statements contained in this Announcement, including information as to the future financial or operating performance of Xanadu and its projects may also include statements which are ‘forward‐looking statements’ that may include, amongst other things, statements regarding targets, estimates and assumptions in respect of mineral reserves and mineral resources and anticipated grades and recovery rates, production and prices, recovery costs and results, capital expenditures and are or may be based on assumptions and estimates related to future technical, economic, market, political, social and other conditions. These ‘forward-looking statements’ are necessarily based upon a number of estimates and assumptions that, while considered reasonable by Xanadu, are inherently subject to significant technical, business, economic, competitive, political and social uncertainties and contingencies and involve known and unknown risks and uncertainties that could cause actual events or results to differ materially from estimated or anticipated events or results reflected in such forward‐looking statements.
Xanadu disclaims any intent or obligation to update publicly or release any revisions to any forward‐looking statements, whether a result of new information, future events, circumstances or results or otherwise after the date of this Announcement or to reflect the occurrence of unanticipated events, other than required by the Corporations Act 2001 (Cth) and the Listing Rules of the
All ‘forward‐looking statements’ made in this Announcement are qualified by the foregoing cautionary statements. Investors are cautioned that ‘forward‐looking statements’ are not guarantee of future performance and accordingly investors are cautioned not to put undue reliance on ‘forward‐looking statements’ due to the inherent uncertainty therein.
For further information, please visit the
DESIGNATED FOREIGN ISSUER (TSX)
For TSX reporting purposes, the Company is a “designated foreign issuer”, as such term is defined in National Instrument 71-102 – Continuous Disclosure and Other Exemptions Relating to Foreign Issuers (“NI 71-102”). As such, the Company is exempt from certain reporting requirements imposed on reporting issuers in
The Company continues to be listed on the TSX and to be a ‘reporting issuer’ in the Province of
The Company is listed on the
The Company has determined that as at the beginning of the financial year
As a Foreign Issuer, the Company will not be providing further Quarterly Updates to the TSX until such time the foreign issue exemption no longer applies.
Appendix 5B
Mining exploration entity or oil and gas exploration entity
quarterly cash flow report
ABN | Quarter ended (“current quarter”) | |
92 114 249 026 |
Consolidated statement of cash flows | Current quarter $A’000 | Year to date (9 months) $A’000 | |||
1. | Cash flows from operating activities | - | - | ||
1.1 | Receipts from customers | ||||
1.2 | Payments for | - | - | ||
(a) exploration & evaluation | |||||
(b) development | - | - | |||
(c) production | - | - | |||
(d) staff costs | (518 | ) | (2,346 | ) | |
(e) administration and corporate costs | (893 | ) | (4,056 | ) | |
1.3 | Dividends received (see note 3) | - | - | ||
1.4 | Interest received | - | - | ||
1.5 | Interest and other costs of finance paid | (8 | ) | 40 | |
1.6 | Income taxes paid | - | - | ||
1.7 | Government grants and tax incentives | - | - | ||
1.8 | Other (provide details if material) Operator overhead received from Joint Venture | 1,032 | 3,003 | ||
1.9 | Net cash from / (used in) operating activities | (387 | ) | (3,439 | ) |
2. | Cash flows from investing activities | - | - | ||
2.1 | Payments to acquire or for: | ||||
(a) entities | |||||
(b) tenements | - | - | |||
(c) property, plant and equipment | (61 | ) | (68 | ) | |
(d) exploration & evaluation | (156 | ) | (306 | ) | |
(e) investments | 0 | (288 | ) | ||
(f) other non-current assets | - | - | |||
2.2 | Proceeds from the disposal of: | - | - | ||
(a) entities | |||||
(b) tenements | - | - | |||
(c) property, plant and equipment | - | - | |||
(d) investments | - | - | |||
(e) other non-current assets | - | - | |||
2.3 | Cash flows from loans to other entities | - | - | ||
2.4 | Dividends received (see note 3) | - | - | ||
2.5 | Other (provide details if material) | - | - | ||
2.6 | Net cash from / (used in) investing activities | (217 | ) | (662 | ) |
3. | Cash flows from financing activities | 3,116 | 11,412 | ||
3.1 | Proceeds from issues of equity securities (excluding convertible debt securities) | ||||
3.2 | Proceeds from issue of convertible debt securities | - | - | ||
3.3 | Proceeds from exercise of options | - | - | ||
3.4 | Transaction costs related to issues of equity securities or convertible debt securities | - | - | ||
3.5 | Proceeds from borrowings | - | - | ||
3.6 | Repayment of borrowings | (131)- | (131 | ) | |
3.7 | Transaction costs related to loans and borrowings | - | (75 | ) | |
3.8 | Dividends paid | - | - | ||
3.9 | Other (provide details if material) | - | - | ||
3.10 | Net cash from / (used in) financing activities | 2,985 | 11,206 |
4. | Net increase / (decrease) in cash and cash equivalents for the period | ||||
4.1 | Cash and cash equivalents at beginning of period | 4,762 | 118 | ||
4.2 | Net cash from / (used in) operating activities (item 1.9 above) | (387 | ) | (3,439 | ) |
4.3 | Net cash from / (used in) investing activities (item 2.6 above) | (217 | ) | (662 | ) |
4.4 | Net cash from / (used in) financing activities (item 3.10 above) | 2,985 | 11,206 | ||
4.5 | Effect of movement in exchange rates on cash held | 175 | 95 | ||
4.6 | Cash and cash equivalents at end of period | 7,318 | 7,318 |
5. | Reconciliation of cash and cash equivalents at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts | Current quarter $A’000 | Previous quarter $A’000 |
5.1 | Bank balances | 5,318 | 4,762 |
5.2 | Call deposits | 2,000 | - |
5.3 | Bank overdrafts | - | - |
5.4 | Other (provide details) | - | - |
5.5 | Cash and cash equivalents at end of quarter (should equal item 4.6 above) | 7,318 | 54,762 |
6. | Payments to related parties of the entity and their associates | Current quarter $A'000 |
6.1 | Aggregate amount of payments to related parties and their associates included in item 1 | 252 |
6.2 | Aggregate amount of payments to related parties and their associates included in item 2 | - |
Note: if any amounts are shown in items 6.1 or 6.2, your quarterly activity report must include a description of, and an explanation for, such payments. |
7. | Financing facilities Note: the term “facility’ includes all forms of financing arrangements available to the entity. Add notes as necessary for an understanding of the sources of finance available to the entity. | Total facility amount at quarter end $A’000 | Amount drawn at quarter end $A’000 |
7.1 | Loan facilities | - | - |
7.2 | Credit standby arrangements | - | - |
7.3 | Other (please specify) | - | - |
7.4 | Total financing facilities | - | - |
7.5 | Unused financing facilities available at quarter end | - | |
7.6 | Include in the box below a description of each facility above, including the lender, interest rate, maturity date and whether it is secured or unsecured. If any additional financing facilities have been entered into or are proposed to be entered into after quarter end, include a note providing details of those facilities as well. | ||
8. | Estimated cash available for future operating activities | $A’000 | |
8.1 | Net cash from / (used in) operating activities (item 1.9) | (387 | ) |
8.2 | (Payments for exploration & evaluation classified as investing activities) (item 2.1(d)) | (156 | ) |
8.3 | Total relevant outgoings (item 8.1 + item 8.2) | (543 | ) |
8.4 | Cash and cash equivalents at quarter end (item 4.6) | 7,318 | |
8.5 | Unused finance facilities available at quarter end (item 7.5) | - | |
8.6 | Total available funding (item 8.4 + item 8.5) | 7,318 | |
8.7 | Estimated quarters of funding available (item 8.6 divided by item 8.3) | 13.48 | |
Note: if the entity has reported positive relevant outgoings (i.e., a net cash inflow) in item 8.3, answer item 8.7 as “N/A”. Otherwise, a figure for the estimated quarters of funding available must be included in item 8.7. | |||
8.8 | If item 8.7 is less than 2 quarters, please provide answers to the following questions: | ||
8.8.1 Does the entity expect that it will continue to have the current level of net operating cash flows for the time being and, if not, why not? | |||
Answer: N/A | |||
8.8.2 Has the entity taken any steps, or does it propose to take any steps, to raise further cash to fund its operations and, if so, what are those steps and how likely does it believe that they will be successful? | |||
Answer: N/A | |||
8.8.3 Does the entity expect to be able to continue its operations and to meet its business objectives and, if so, on what basis? | |||
Answer: N/A | |||
Note: where item 8.7 is less than 2 quarters, all of questions 8.8.1, 8.8.2 and 8.8.3 above must be answered. |
Compliance statement
1 This statement has been prepared in accordance with accounting standards and policies which comply with Listing Rule 19.11A.
2 This statement gives a true and fair view of the matters disclosed.
Date:
Authorised by: the Board
(
Notes
1. This quarterly cash flow report and the accompanying activity report provide a basis for informing the market about the entity’s activities for the past quarter, how they have been financed and the effect this has had on its cash position. An entity that wishes to disclose additional information over and above the minimum required under the Listing Rules is encouraged to do so.
2. If this quarterly cash flow report has been prepared in accordance with Australian Accounting Standards, the definitions in, and provisions of, AASB 6: Exploration for and Evaluation of Mineral Resources and AASB 107: Statement of Cash Flows apply to this report. If this quarterly cash flow report has been prepared in accordance with other accounting standards agreed by ASX pursuant to Listing Rule 19.11A, the corresponding equivalent standards apply to this report.
3. Dividends received may be classified either as cash flows from operating activities or cash flows from investing activities, depending on the accounting policy of the entity.
4. If this report has been authorised for release to the market by your board of directors, you can insert here: “By the board”. If it has been authorised for release to the market by a committee of your board of directors, you can insert here: “By the [name of board committee – e.g.,
5. If this report has been authorised for release to the market by your board of directors and you wish to hold yourself out as complying with recommendation 4.2 of the ASX Corporate Governance Council’s Corporate Governance Principles and Recommendations, the board should have received a declaration from its CEO and CFO that, in their opinion, the financial records of the entity have been properly maintained, that this report complies with the appropriate accounting standards and gives a true and fair view of the cash flows of the entity, and that their opinion has been formed on the basis of a sound system of risk management and internal control which is operating effectively.
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30 38.25% represents 50% of Khuiten Metals via the Khuiten JV with Zijin. Khuiten Metals controls Kharmagtai and holds 76.5% of the Kharmagtai mining lease.
31 Term sheet signed after the Quarter. Upon final long-form agreement signing, Xanadu will have the right to earn 51% interest in the project by spending
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/dfb49358-d9a4-4bfe-882b-ea72737044e4
https://www.globenewswire.com/NewsRoom/AttachmentNg/afec65e5-ddc6-4687-8749-88e6092ca4c9
https://www.globenewswire.com/NewsRoom/AttachmentNg/bcc41410-5511-48f1-8378-e12669640806
https://www.globenewswire.com/NewsRoom/AttachmentNg/76386f39-0049-4089-908e-5f3c17c253f7
https://www.globenewswire.com/NewsRoom/AttachmentNg/0248dafa-1bd3-4678-bbee-ff9a7ad75516
https://www.globenewswire.com/NewsRoom/AttachmentNg/4186362c-5194-4e28-870d-208f5bdabb7c
Figure 1
Kharmagtai copper-gold district showing defined mineral deposits and completed infill drill holes, deep exploration drill holes, and shallow exploration drill holes since the last announcement of drilling results(20).
Figure 2
Kharmagtai copper-gold district showing currently defined mineral deposits and planned and completed shallow exploration drill holes. Grey outlines are 2021 scoping study open pit designs and white dashed outlines define porphyry cluster target areas.
Figure 3
Long Sections through the Oyu Tolgoi Porphyry System and The Kharmagtai Porphyry System. Deep high-grade exploration drill program geochemical zonation points to much larger system beneath Kharmagtai.
Figure 4
Kharmagtai copper-gold district showing currently defined mineral deposits and planned deep exploration holes.
Figure 5
Sant Tolgoi Cu-Ni project is located in the Zavkhan Province approximately 1,100 km west of Ulaanbaatar, Mongolia . Project to located close to established infrastructure.
Figure 4
Location of Xanadu Projects in the South Gobi region of Mongolia
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