- Operational review confirms Hualilán remains a robust, strategic gold development asset in Argentina.
- A$85 million raise, led by incoming Chairman Peter Marrone, funds drilling, feasibility and development work.
- New leadership adds deep mine development, financing and construction experience.
- First drilling in three years targets extensions to the 2.8Moz AuEq resource via a 35,000-metre program.
- Company targets construction from 2027 and production in early 2029.
Challenger Gold Limited (ASX: CEL) today confirmed Hualilán remains a robust, strategic gold development asset following an operational review, reinforcing the case for an integrated mine and processing pathway at its 100%-owned San Juan Province project in Argentina.
The Company has secured A$85 million in equity funding, anchored by incoming Non-Executive Chairman Peter Marrone, to support drilling, feasibility work and development preparation. The raise accompanies a strengthened leadership team, including Yohann Bouchard as COO, Felipe Riquelme as CFO and Luke Buchanan as VP Project and Strategic Planning.
Challenger has also begun its first exploration drilling at Hualilán in over three years, targeting extensions to the 2.8Moz AuEq resource and geotechnical data for the proposed Phase 1 Heap Leach project.
The Company is progressing feasibility, permitting and financing, targeting construction from 2027 and production in early 2029.
About us:
About Challenger Gold
Challenger Gold Limited (ASX: CEL) is a globally focused gold exploration and development company with a 2.8Moz AuEq Mineral Resource Estimate at the Hualilán Gold Project in San Juan, Argentina. The Company is advancing Hualilán toward development while continuing aggressive exploration programs designed to unlock further district-scale growth opportunities.
Challenger’s strategy is focused on rapidly advancing Hualilán through staged development and production while leveraging early cash flow generation and ongoing drilling success to build long-term shareholder value.
Contact details:
Jane Morgan Management | [email protected]
