Dig Deep The Strategic Shift: How Xanadu Mines is Pioneering Copper and Gold Exploration in Mongolia
In this episode, we chat with Spencer Cole, CDO and CFO of Xanadu Mines, a copper exploration company with projects in the South Gobi and Western Mongolia. They aim to develop porphyry and intrusion-related deposits and are committed to Mongolia and its potential as one of the last great copper frontiers.
Spencer has qualification in Mech and Material Eng (BS), Business & Finance (MBA), Finance (CPA) and has worked in various industries including mining, aerospace, Oil & Gas across the Americas, Australia, and SE Asia. He’s been with Xanadu for coming up to 5 years now and gives us an overview of the company, their flagship project Kharmagtai and will educate us more on the Lassonde Curve and how that has an impact on the company plus much more.
KEY TAKEAWAYS
- Xanadu Mines is an ASX and TSX-listed exploration company focused on copper and gold in Mongolia, with its flagship project, Kharmagtai, currently at the Pre-Feasibility Study (PFS) stage. The company has transitioned from coal exploration to copper and gold since 2013-2014.
- The Lassonde curve illustrates the typical life cycle of a junior mining company, showing how market capitalisation fluctuates through different stages of project development. Xanadu's journey reflects this curve, having experienced peaks and troughs as it moved from exploration to commercialisation.
- Hermagti faces challenges such as funding, permitting, and the need to identify high-grade zones to minimise negative cash flow. However, opportunities exist in the form of potential sequential heap leaching of weathered deposits and the possibility of expanding the resource through further drilling.
- Zijin Mining, a top global copper and gold miner, has partnered with Xanadu to advance the Kharmagtai project. This partnership is seen as beneficial due to Zijin's experience in advanced metallurgy and their aggressive growth model, which aligns with Xanadu's goals.
- Over the next 6 to 12 months, Xanadu aims to complete a bankable feasibility study for Kharmagtai and navigate the Mongolian permitting process. The company is also exploring funding options and planning further exploration activities for its other projects, Sant. Tolgoi and Red Mountain.
BEST MOMENTS
"Xanadu is an ASX and TSX, so dual listed exploration company... focused on copper and gold in Mongolia."
"The Lassonde curve illustrates the typical life cycle of a junior mining company, showing its market capitalisation over the different stages of development."
"Kharmagtai is a big, low-grade copper-gold porphyry. Its economics work on scale, low strip ratio, and byproduct credits."
"Zijin is a top five copper miner... they have a very aggressive growth model and are really experienced at building value through advanced metallurgy."
VALUABLE RESOURCES
Mail: rob@mining-international.org
LinkedIn: https://www.linkedin.com/in/rob-tyson-3a26a68/
X: https://twitter.com/MiningRobTyson
YouTube: https://www.youtube.com/c/DigDeepTheMiningPodcast
Web: http://www.mining-international.org
This episode is sponsored by Hawcroft, leaders in property risk management since 1992. They offer:
- Insurance risk surveys recognised as an industry standard
- Construction risk reviews
- Asset criticality assessments and more
Working across over 600 sites globally, Hawcroft supports mining, processing, smelting, power, refining, ports, and rail operations. For bespoke property risk management services, visit www.hawcroft.com
GUEST SOCIALS
Website: www.xanadumines.com
X/Twitter: @XanaduMines_ASX
Linkedin: au.linkedin.com/company/Xanadu-mines-limited
Email: spencer.cole@xanadumines.com
ABOUT THE HOST
Rob Tyson is the Founder and Director of Mining International Ltd, a leading global recruitment and headhunting consultancy based in the UK specialising in all areas of mining across the globe from first-world to third-world countries from Africa, Europe, the Middle East, Asia, and Australia. We source, headhunt, and discover new and top talent through a targeted approach and search methodology and have a proven track record in sourcing and positioning exceptional candidates into our clients' organisations in any mining discipline or level. Mining International provides a transparent, informative, and trusted consultancy service to our candidates and clients to help them develop their careers and business goals and objectives in this ever-changing marketplace.
CONTACT METHOD
https://www.linkedin.com/in/rob-tyson-3a26a68/
Podcast Description
Rob Tyson is an established recruiter in the mining and quarrying sector and decided to produce the “Dig Deep” The Mining Podcast to provide valuable and informative content around the mining industry. He has a passion and desire to promote the industry and the podcast aims to offer the mining community an insight into people’s experiences and careers covering any mining discipline, giving the listeners helpful advice and guidance on industry topics.