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An announcement from Challenger Exploration Limited ( (AU:CEL) ) is now available.
Challenger Gold Limited has announced the commencement of the final phase of metallurgical testwork for the Hualilan Gold Project’s full-scale Pre-Feasibility Study (PFS). The testwork, which includes Sequential Flotation grind optimization and large diameter Column Leach testing, is on track for completion by early Q4 2025. The recent column leach tests have shown promising results, with gold recoveries averaging 75% and silver recoveries at 41%, significantly higher than typical heap leach recoveries. This advancement confirms the viability of processing low-grade material, potentially transforming the project’s scale and economic viability, and positioning Hualilan as a leading gold project in Argentina.
More about Challenger Exploration Limited
Challenger Gold Limited, trading as CEL on the ASX, operates in the mining industry with a focus on gold exploration and development. The company is primarily engaged in advancing its Hualilan Gold Project in Argentina, aiming to unlock the potential of low-grade mineralization through innovative processing techniques.
Average Trading Volume: 2,908,750
Technical Sentiment Signal: Buy
Current Market Cap: A$175.7M
See more insights into CEL stock on TipRanks’ Stock Analysis page.