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Challenger Exploration Limited ( (AU:CEL) ) has issued an update.
Challenger Gold Limited announced that the refurbishment of the Casposo Processing Plant is progressing well and is on track for commercial operations in the second half of 2025. This development is crucial for the company’s Toll Milling strategy, which aims to process a significant amount of mineralized material to generate early cash flow, leveraging the current high gold prices. The refurbishment aligns with an independent inspection report, confirming that all key processing areas are advancing robustly, ensuring the plant meets its commissioning targets.
More about Challenger Exploration Limited
Challenger Gold Limited is a company in the mining industry, primarily focused on gold exploration and production. The company is involved in projects that aim to capitalize on high gold prices to generate cash flow, which will be used to develop further mining infrastructure and operations.
YTD Price Performance: 58.00%
Average Trading Volume: 1,979,662
Technical Sentiment Signal: Sell
Current Market Cap: A$133.3M
For an in-depth examination of CEL stock, go to TipRanks’ Stock Analysis page.