Exploration / Development > Discovery

Xanadu to double rig numbers

Flushed with success of its drilling, both in the core of its Kharmagtai project and bedrock drilling from a crop of early-stage targets across its district, Xanadu Mines (ASX: XAM) is about to more than double its rigs in the field to a potential eight under a revitalised exploration strategy.

Haydn Black in Perth

Exploration / Development > Discovery

Xanadu to double rig numbers

Flushed with success of its drilling, both in the core of its Kharmagtai project and bedrock drilling from a crop of early-stage targets across its district, Xanadu Mines (ASX: XAM) is about to more than double its rigs in the field to a potential eight under a revitalised exploration strategy.

Haydn Black in Perth

Xanadu to double rig numbers

Xanadu Mines could double the number of rigs it has working in Mongolia

Speaking at an investor briefing in Perth this week, Xanadu managing director Dr Andrew Stewart said the company was ramping up work at a time when the copper price was recovering on supply concerns, exacerbated by a decade long exploration slump.