ProactiveInvestors: Xanadu Mines to kick off drilling targeting metallurgical coal in Mongolia

Xanadu Mines will shortly begin its much anticipated drilling at the highly prospective Javkhlant metallurgical coal exploration project in Mongolia. The exploration is part of the company’s strategic alliance with Noble Group, Asia’s largest diversified commodities trading company. Javkhlant (JV earning up to 80%, Xanadu earning 40%) has the potential to a host a large premium coking and/or thermal coal deposit of Permian and Carboniferous age in the South Gobi basin, very close to the burgeoning energy and metals demand from China and nearby Asian markets. To read the full article, click hereXanadu Mines to kick off drilling targeting metallurgical coal in Mongolia

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