Positive Metallurgical Test Results for Oxidised Material at Kharmagtai

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TORONTO, Aug. 02, 2022 (GLOBE NEWSWIRE) — Xanadu Mines Ltd (ASX: XAM, TSX: XAM) (Xanadu or the Company) is pleased to update the market on its on-going metallurgical test program at the Kharmagtai Copper-Gold Project in the South Gobi region of Mongolia.

Highlights

• Preliminary metallurgical test work completed on partially oxidised material from surface to 30 metres depth.

• Glycine and cyanide leach tests delivered metallurgical recoveries of up to 91% gold and 46% copper, with head grades ranging between 0.52 g/t to 2.25 g/t Au and 0.12% to 0.67% Cu.

• All partially oxidised material leached readily at a coarse P₈₀ > 2mm particle size, indicating the potential for a heap leach treatment.

• Indicates a potential treatment path for approx. 90 million tonnes (Mt) of oxidised material treated as waste in the Scoping Study¹ due to low flotation recovery.

• First…