Challenger Exploration Limited (AU:CEL) has released an update.
Challenger Gold Limited reported significant cash flows in its quarterly report, with a net cash increase from financing activities of $3,952,000 for the quarter, despite cash used in operating and investing activities totalling $1,431,000 and $3,086,000 respectively. The report highlights the company’s active investment in exploration and evaluation, while also managing costs in administration and staff. Notably, the company benefited from currency gains through the conversion of USD to Argentine Pesos.
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