Challenger Exploration Limited (AU:CEL) has released an update.
Challenger Gold Limited (ASX: CEL) has successfully raised an additional $4 million in a share placement to a single investor, aiming to accelerate the development of its Hualian Gold Project in Argentina and to enhance the value of its Ecuadorian assets, including the completion of a drilling program for a maiden Mineral Resource Estimate at Colorado-V. The company’s strategic funding moves suggest a focus on bringing the high-grade Argentinian gold project into production while also considering the divestment of its assets in Ecuador.
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