Challenger Gold Secures Toll Milling and Investment

Challenger Exploration Limited (AU:CEL) has released an update.

Challenger Gold Limited has secured a binding agreement with Casposo Argentina Mining Limited for toll milling, ensuring a processing capacity of 150,000 tonnes annually for three years at the Hualilan Gold Project. The agreement includes favorable terms like a base processing fee and a performance-based incentive structure, while also providing working capital to cover costs until cash flow begins. Additionally, a $6.6 million strategic investment is nearing completion, marking significant progress in the company’s production efforts.

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