A scoping study into the Kharmagtai openpit copper/gold project, in Mongolia, has confirmed the project economics and the project’s potential to become a robust, high margin, rapid payback and long-life operation, dual listed Xanadu Mines said.
The scoping study estimated that the 20-million tonne a year project would require a capital investment of some $683-million, recovering some 86.6% copper and 70.9% gold.