Challenger Gold Limited

Industry: MINING

Challenger Gold Limited (ASX: CEL, OTCQB: CLLEF) is a gold and copper exploration company focused on developing high-value assets in South America. The Company’s strategic goal is to become a globally significant gold producer by advancing its two flagship projects. The Hualilan Gold Project in Argentina is a high-grade, low-capex opportunity with a 2.8-million-ounce (AuEq) resource estimate, including a high-grade core of 1.6 million ounces at 5.0 g/t AuEq. A Scoping Study is nearing completion, targeting a low-cost, high-margin operation with strong economic potential. In Ecuador, the El Guayabo Project is located in a world-class mineral belt and boasts a maiden resource estimate of 4.5 million ounces (AuEq) at 0.52 g/t, with a coherent high-grade core. The deposit remains open, with exploration results highlighting significant upside potential. Challenger Gold is advancing towards near-term mining and toll milling at Hualilan while preparing for larger-scale bulk gold operations across its portfolio. With a focus on low-risk, high-return opportunities, the Company is well-positioned for sustainable growth in the global gold sector.