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Challenger Exploration Limited ( (AU:CEL) ) has issued an update.
Challenger Exploration Limited has executed a mining contract with MAPAL Constructions and Mining S.A. for the Toll Milling Phase of the Hualilán Gold Project in Argentina. This strategic partnership aims to de-risk the operational start-up and ensure reliable early production outcomes. The project is on track with production mining activities set to commence on December 1, 2025, following successful preparatory works and initial blasting. The engagement of MAPAL, a well-established local contractor, provides a capital-efficient path to execute the Toll Milling Phase, which is central to Challenger’s growth strategy by providing near-term cash flow and reducing capital intensity.
More about Challenger Exploration Limited
Challenger Exploration Limited is a mining company focused on the exploration and development of gold assets, primarily operating in Argentina. Its key project is the Hualilán Gold Project, which is one of Argentina’s most advanced undeveloped gold assets.
Average Trading Volume: 4,181,684
Technical Sentiment Signal: Buy
Current Market Cap: A$290.3M
See more insights into CEL stock on TipRanks’ Stock Analysis page.