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Finance Investment, Oil Mining Resources

Challenger Gold (ASX: CEL) – Challenger Gold Achieves Carbon Neutral Certification for Hualilan Gold Project

Challenger Gold (ASX: CEL) 2 mins read

Challenger Gold (ASX: CEL), a progressive leader in the mining industry, is proud to announce a landmark environmental achievement for its Hualilan Gold Project. The project has been awarded a neutral carbon footprint certification, marking a significant milestone in the company's commitment to sustainable and environmentally responsible practices, especially in Argentina.

This certification, a first for an exploration project in Argentina, is the result of a rigorous and comprehensive greenhouse gas emissions inventory conducted under the international 100% Carbon Neutral Program. This achievement aligns perfectly with the United Nations Sustainable Development Goals (SDGs) and underscores Challenger Gold's dedication to environmental stewardship.

Key Highlights of the Certification:

  • The neutral carbon footprint certification encompasses all exploration and administrative activities of Golden Mining S.A., Challenger Gold's wholly-owned Argentinian subsidiary.
  • The certification process included a detailed assessment of emissions from operations, cooking, heating, machinery, transportation, electricity, commercial flights, organic waste, and wastewater treatment.
  • The total Scope 1, 2, and 3 greenhouse gas emissions were measured at 51,340 tons of CO2 equivalent.
  • To achieve carbon neutrality, Challenger Gold invested in green bonds for the "Hyundai Waste Energy Recovery CO-Generation Project Phase II” in South Korea.

This pioneering step by Challenger Gold sets a new standard in the mining industry, particularly in the realm of environmental responsibility. The Hualilan Gold Project is not only leading the way in sustainable exploration but is also on track to potentially become the first mine to operate with a neutral carbon footprint during its production phase.

Commenting on the results, CEL Chairman, Mr Sergio Rotondo, said 

“As an Argentinian and Chairman of Challenger Gold, I am immensely proud of our Hualilan Project's achievement in carbon neutrality. This is not just a milestone for our company but a significant step for the mining industry in Argentina with Hualilan to first exploration project to be certified carbon neutral in Argentina. 

Our commitment to Argentina and our local communities is unwavering, and we are dedicated to lead the way in sustainable mining practices. Our goal isto ensure that Hualilan is one of the lowest carbon footprint operations globally and, if possible, the first mine with a neutral carbon footprint during production. This is our pledge to our country and the environment.


Contact details:

Jane Morgan

jm@janemorganmanagement.com.au

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