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Challenger Exploration Limited
(Sydney:CEL)
Challenger Exploration Limited (CEL) vs. iShares MSCI Australia ETF (EWA)
Challenger Exploration Limited Business Overview & Revenue Model
Challenger Exploration Limited Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -278.01K | -226.91K | -175.00K | -138.55K | 0.00 | -30.88K |
| EBITDA | 32.27M | 76.26M | 54.40M | 55.71M | -5.46M | 2.65M |
| Net Income | 27.96M | 74.60M | 53.86M | 49.37M | 25.79M | 598.26K |
Balance Sheet | ||||||
| Total Assets | 251.49M | 226.47M | 146.47M | 179.33M | 153.73M | 80.48M |
| Cash, Cash Equivalents and Short-Term Investments | 26.76M | 853.14K | 4.35M | 15.43M | 10.42M | 47.49M |
| Total Debt | 22.18M | 19.12M | 14.33M | 12.49M | 1.22M | 3.50M |
| Total Liabilities | 26.26M | 23.43M | 19.06M | 30.09M | 11.95M | 7.30M |
| Stockholders Equity | 225.23M | 203.04M | 127.41M | 149.24M | 141.78M | 73.17M |
Cash Flow | ||||||
| Free Cash Flow | -6.88M | -19.70M | -25.39M | -25.30M | -54.41M | -16.99M |
| Operating Cash Flow | -6.78M | -6.68M | ― | -2.73M | -2.70M | 4.61M |
| Investing Cash Flow | -14.74M | -11.75M | -15.19M | -15.79M | -36.32M | -21.60M |
| Financing Cash Flow | 42.33M | 14.45M | 9.30M | 23.02M | 1.16M | 60.77M |
Challenger Exploration Limited Peers Comparison
Challenger Exploration Limited Corporate Events
Challenger Gold Limited has issued 500,000 ordinary shares following the exercise of options, with the new securities forming part of its existing quoted class on the ASX. The company has confirmed compliance with its financial reporting and continuous disclosure obligations under the Corporations Act and stated it is not aware of any excluded information, signalling routine capital management with no undisclosed material developments for investors.
Challenger Gold Limited has applied to the ASX for quotation of 500,000 new fully paid ordinary shares, issued on 19 December 2025 following the exercise or conversion of existing options or other convertible securities. The additional shares modestly increase the company’s listed capital base and reflect the take-up of securities by holders, which may be interpreted as a sign of confidence in Challenger Gold’s prospects and provides incremental flexibility for funding ongoing exploration and development activities.
Challenger Exploration Limited has issued 500,000 ordinary shares following the exercise of options, without disclosure to investors, under the provisions of the Corporations Act 2001. This move complies with relevant sections of the Act, and the company has confirmed there is no excluded information that could impact investors. The announcement reflects the company’s ongoing compliance with regulatory requirements and its strategic efforts to enhance its market position.
Challenger Gold Limited has announced the issuance of 500,000 ordinary fully paid securities, which will be quoted on the Australian Securities Exchange (ASX) under the code CEL. This move signifies the company’s efforts to enhance its capital structure and potentially expand its operations, which could have implications for its market positioning and stakeholder interests.
Challenger Exploration Limited has executed a mining contract with MAPAL Constructions and Mining S.A. for the Toll Milling Phase of the Hualilán Gold Project in Argentina. This strategic partnership aims to de-risk the operational start-up and ensure reliable early production outcomes. The project is on track with production mining activities set to commence on December 1, 2025, following successful preparatory works and initial blasting. The engagement of MAPAL, a well-established local contractor, provides a capital-efficient path to execute the Toll Milling Phase, which is central to Challenger’s growth strategy by providing near-term cash flow and reducing capital intensity.
Challenger Exploration Limited has announced a change in the director’s interest notice, specifically regarding Sonia Delgado’s holdings. Delgado has increased her direct interest in the company by acquiring 7,500,000 ordinary shares, bringing her total to 31,000,000 shares. This change was due to the exercise of vest performance rights, with the newly acquired shares valued at $937,500. This development indicates a significant increase in Delgado’s stake in the company, potentially reflecting confidence in the company’s future prospects.
Challenger Exploration Limited has issued a total of 11,865,844 ordinary shares without disclosure to investors under specific provisions of the Corporations Act. These shares include allocations to a director, as interest to Queens Road Capital, and to consultants and advisors. Additionally, the company is in advanced discussions for a mining services contract related to the Hualian Gold Project in Argentina, which could impact its operational capabilities and market positioning.
Challenger Exploration Limited has announced the issuance of 4,000,000 unlisted options with an exercise price of 10 cents and an expiry date of June 30, 2027. This move is part of the company’s strategic efforts to enhance its financial flexibility and support its ongoing exploration activities, potentially impacting its market position and stakeholder interests.
Challenger Exploration Limited has announced the issuance of 7,500,000 fully paid ordinary shares, which will be quoted on the Australian Securities Exchange. This move is part of the company’s strategy to leverage convertible securities, potentially impacting its financial structure and market capitalization.
Challenger Gold Limited has announced the issuance of 3,532,511 fully paid ordinary securities to key consultants and advisors as part of their toll milling progression. This move is aimed at strengthening the company’s operational capabilities and advancing its strategic objectives in the gold mining sector.
Challenger Gold Limited has announced the issuance of 20 million unlisted options, exercisable at 19.5 cents and expiring three years from the issue date. This strategic move, part of a previously announced transaction, is aimed at bolstering the company’s financial flexibility and supporting its ongoing exploration activities, potentially impacting its market position and stakeholder interests.
Challenger Exploration Limited has issued 230,769,231 ordinary shares under a placement, as per the announcement on 27 October 2025, without disclosure to investors, relying on specific provisions of the Corporations Act. The company is also in advanced discussions for a mining services contract related to the Hualian Gold Project, which is expected to be finalized soon, potentially impacting its operational capabilities and market positioning.
Challenger Exploration Limited announced the application for the quotation of 230,769,231 fully paid ordinary securities on the Australian Securities Exchange (ASX) under the code CEL. This move is part of previously announced transactions and is expected to enhance the company’s capital structure, potentially impacting its market position and providing new opportunities for stakeholders.
Challenger Exploration Limited has made significant progress in its Hualilan Gold Project in Argentina, with toll milling operations advancing and expected to commence in early 2026. The company has secured necessary permits and contracts, including a blasting contract with ORICA and drilling services with THOR S.A., positioning itself for operational success. Additionally, the completion of a takeover of Lumina Gold Corp by CMOC Group Limited suggests a favorable valuation for Challenger’s projects in Ecuador. Financially, the company has bolstered its cash reserves through a $30 million institutional placement, which will support the ramp-up of toll milling operations and further drilling campaigns.
Challenger Exploration Limited reported its quarterly cash flow results, highlighting a net cash outflow from operating activities of $1.225 million and a significant outflow from investing activities of $4.449 million. The company raised $7.508 million from equity securities, which contributed to a positive cash flow from financing activities, indicating a strategic focus on securing capital for ongoing exploration and development efforts.
Challenger Gold Limited has announced an investor webinar where the Managing Director and CEO, Kris Knauer, will update shareholders and investors on the company’s recent placement and the progress of the Hualilan toll milling phase. This initiative is part of the company’s strategy to enhance its gold production capabilities, which could have significant implications for its operational efficiency and market positioning.
Challenger Exploration Limited has announced a proposed issue of securities, including 230,769,231 fully paid ordinary shares and 20,000,000 unlisted options exercisable at 19.5 cents, set to expire three years after issuance. This move is expected to enhance the company’s capital structure, potentially impacting its operational capabilities and market positioning within the gold exploration industry.
Challenger Gold Limited has successfully raised A$30 million through an institutional placement to fund its operations and development projects. The proceeds will be used to support the ramp-up of toll milling, additional drilling for the Hualilan project, and to prepare for its standalone development. The placement, which was well-received by investors, allows the company to accelerate its strategic initiatives and positions it for production in early 2026, enhancing its market positioning and providing a clear pathway to cash flow generation.
Challenger Exploration Limited has announced the signing of contracts with ORICA and THOR S.A. for the provision of blasting products and drilling services, respectively, as part of the Toll Milling Phase at the Hualilán Gold Project. This strategic move is aimed at ensuring safe and efficient operations, with the Toll Milling Phase marking a critical milestone in the company’s growth strategy, providing near-term cash flow and reducing risks associated with the broader development of the Hualilán Gold Project.