Challenger Exploration Limited (AU:CEL) has released an update.
Challenger Gold Limited has successfully raised A$10 million through strategic placements, with a significant investment from Argentinean businessman Eduardo Elsztain, advancing its Hualilan Gold Project in Argentina and preparing to monetize its Ecuador assets. The company has completed key pre-feasibility studies for the Hualilan Gold Project and is progressing towards completing a maiden Mineral Resource Estimate for its Colorado V project in Ecuador. These financial and operational developments are set to enhance the company’s growth prospects in the gold and copper sectors.
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