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Challenger Exploration Limited ( (AU:CEL) ) has shared an announcement.
Challenger Gold Limited has begun hauling feed-grade ore from its Hualilán Mine to the Casposo processing plant in Argentina, marking a key step in its toll milling pathway toward near-term production and cash generation. The company has engaged three experienced local haulage contractors and structured the operation as a staged, controlled logistics program, initially transporting about 500 tonnes per day and ramping up to roughly 1,000 tonnes per day with continuous shifts.
Ore trucks travel from the Hualilán ROM pad along Provincial Route 149 to the Casposo Plant, using a newly completed 3km bypass around the town of Calingasta to minimise community impact. Challenger’s subsidiary has coordinated with local authorities to temporarily use the town bridge with strict 25-tonne load limits, while a dedicated modular Bailey bridge is being installed to remove ore traffic from the town crossing and further enhance safety and haulage efficiency.
The haulage operation runs Monday through Friday and incorporates extensive safety measures, including licensed operators, covered loads to reduce dust, radio communications, GPS tracking, onboard cameras, patrol vehicles and signalmen in sensitive areas. These measures are intended to ensure safe, reliable and community-aligned logistics as Challenger transitions Hualilán from mining into the haulage phase, reinforcing its operational execution and regional social licence.
The most recent analyst rating on (AU:CEL) stock is a Hold with a A$0.16 price target. To see the full list of analyst forecasts on Challenger Exploration Limited stock, see the AU:CEL Stock Forecast page.
More about Challenger Exploration Limited
Challenger Gold Limited is an Australian-listed gold miner focused on advancing its Hualilán project in Argentina through a toll milling strategy. The company aims to generate near-term production and cash flow by trucking feed-grade ore to third-party processing facilities, while prioritising local contractor engagement and regional community partnerships to support employment and shared economic benefits.
Average Trading Volume: 5,581,091
Technical Sentiment Signal: Buy
Current Market Cap: A$388M
For detailed information about CEL stock, go to TipRanks’ Stock Analysis page.