Challenger Exploration Unveils Promising Hualilan Toll Milling Study

The latest update is out from Challenger Exploration Limited ( (AU:CEL) ).

Challenger Exploration Limited has completed a Pre-Feasibility Study (PFS) for its Hualilan toll milling project, revealing strong economic potential. The study forecasts an EBITDA of A$221 million over three years, with significant leverage to current spot prices. The project requires a low upfront capital of US$8.9 million and promises a quick payback period, supported by a competitive cost structure and fully funded development through recent equity placement. This initiative is expected to enhance Challenger’s market position by capitalizing on a small portion of its Hualilan mineral resource estimate, indicating substantial upside potential.

More about Challenger Exploration Limited

Challenger Exploration Limited operates in the mining industry, focusing on gold and silver extraction. The company is engaged in projects that involve the development and exploration of mineral resources, with a particular emphasis on leveraging toll milling operations to optimize production and financial returns.

Average Trading Volume: 2,228,950

Technical Sentiment Signal: Hold

Current Market Cap: A$162.3M

For detailed information about CEL stock, go to TipRanks’ Stock Analysis page.