Challenger Exploration Limited (AU:CEL) has released an update.
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Challenger Exploration Limited has announced that its Hualilan Gold Project is set to become the lowest carbon intensity gold mine listed on the ASX, with emissions intensity forecasted at 0.1 tons CO2e/oz, significantly below the Australian average. The project boasts a rapid payback period and is projected to produce 116,000 oz of gold annually, with a Life of Mine EBITDA of A$1.1 billion. Additionally, the company’s operations in Argentina have achieved carbon neutral certification for 2024.
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