Bell Potter has a "speculative risk, buy" on Xanadu Mines and raised its price target to 29¢, from 19¢ previously after drilling results were released.
"Recent drilling at XAM's Kharmagtai gold-rich porphyry copper project in Mongolia has intersected the longest continuous zone of mineralisation and the highest grade mineralisation to date, showing that XAM's increased understanding of the deposit is paying off at the drill bit.
Loading...
Elise Shaw writes on Markets specialising in Equity Markets, Commodities, Mining. Based in our Sydney newsroom, Elise has over 25 years experience as a finance and markets journalist and editor. Connect with Elise on Twitter.
