Challenger Gold Ltd

Description

Challenger Gold is an Australian company developing gold-silver-base metal projects in Argentina and Ecuador, having poured first gold at its 100%-owned Hualilan Project in San Juan, Argentina in June 2026 via a small-scale toll-milling arrangement with Austral Gold's Casposo plant. Hualilan hosts a 2.8 million ounce gold-equivalent resource (60.6Mt at 1.4 g/t AuEq), including a high-grade core of 1.6 million ounces at approximately 5.0 g/t AuEq.

A separate, larger May 2026 heap-leach PFS targets full-scale development: post-tax NPV of approximately US$1.1 billion at US$3,500/oz gold (up to US$1.8 billion at US$4,500/oz), a 35% IRR, capex of approximately US$267 million, a 14.25-year mine life and 1.8 million ounces of total production, with commercial production targeted for early 2029 and a flotation circuit expansion around 2031. The company also holds Ecuador's El Guayabo project, which returned a maiden 4.5 million ounce gold-equivalent resource from just two of seven identified anomalies.

Weakness

List of projects

1. Project 1: Hualilan Gold-Silver-Zinc-Lead Project — 100% interest, San Juan, Argentina; metals: Gold, Silver, Zinc, Lead.
2. Project 2: El Guayabo Project — 100% interest, Ecuador; metals: Gold, Copper.
3. Project 3: El Guayabo 2, Colorado V and Cerro Pelado Concessions (exploration) — 100% interest, Ecuador; metals: Gold, Copper.

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