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An announcement from Challenger Exploration Limited ( (AU:CEL) ) is now available.
Challenger Gold Limited has made significant strides in its mining and toll milling operations at the Hualilan site, with a finalized open pit mine design and a 10% increase in grade for its indicated resources. The first three months of mining are expected to deliver over 90,000 tons of toll milling material, enhancing operational flexibility by only utilizing three out of four potential pits. The refurbishment of the Casposo Plant is underway, supported by funding from a local bank, and a Pre-Feasibility Study is scheduled for completion by March 2025. This progress marks a key milestone, allowing the company to finalize contracts for mining and material haulage, potentially improving cash flows and operational efficiency in the near term.
More about Challenger Exploration Limited
Challenger Gold Limited, trading as Challenger Exploration Limited (ASX: CEL), operates in the mining industry with a focus on gold and silver production. The company is actively developing its mining and toll milling operations in Argentina, particularly at the Hualilan project site.
YTD Price Performance: 4.26%
Average Trading Volume: 1,274,774
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: A$82.7M
For a thorough assessment of CEL stock, go to TipRanks’ Stock Analysis page.
