SMM News: Sanadu Mining Company (Xanadu Mines) announced the exploration target of Hamagotai (Kharmagtai) in Mongolia. At present, the Baishan (White Hill) ore resources of the large open-pit orebody of the project are between 331 million tons and 1.24 billion tons, with a copper equivalent grade of 0.3-0.5%. Sanadu believes that turning exploration targets into resources and discovering large deposits will cost another $24 million. The company plans to complete a new drilling of 120000 meters, which had already completed 78000 meters. The Hamagotai copper and gold deposit is located about 120 km north of the Oyu Tolgoi copper deposit.
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