Welcome to the website of Challenger Exploration Limited (ASX:CEL).
We aim to employ local people and integrate with their community.
Our value proposition:
Hualilan, Argentina:
Low capex | High margin | Low technical risk | Superior economics
Maiden Mineral Resource Estimate of 2.1 million ounces (AuEq1) comprising:
Skarn component: 6.3 Mt at 5.6 g/t AuEq1 for 1.1 Moz AuEq
Intrusion/sediment-hosted: 41.4 Mt at 0.8 g/t AuEq1 for 1.0 Moz AuEq
Clear potential for Resource to grow significantly with mineralisation open in all directions
and remaining 204,000m drilling program in train.
El Guayabo, Ecuador:
World Class Belt | Outstanding Results | First Modern Exploration
Drill intercepts include:
156m @ 2.6 g/t Au + 9.7 g/t Ag + 0.2% Cu
112m @ 0.6 % Cu +0.7 g/t Au +14.7 g/t Ag
Technical Papers
El Guyabo Project – JRK Consulting
4 MAR 2018
Hualilan and El Guyabo Projects – SRK Consulting
24 JUL 2018
12 APR 2003
ASX Announcements
31 AUG 2023
Presentations
Noosa Mining Investor Conference Presentation
20 JUL 2023
Shareholder and Investor Webinar Presentation
19 JUN 2023
CEL Shareholder Webinar Presentation
5 APR 2023
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Footnote
1 Gold Equivalent (AuEq) values – Requirements under the JORC Code
- Assumed commodity prices for the calculation of AuEq is Au US$1900 Oz, Ag US$24 Oz, Zn US$4,000/t, Pb US$2000/t
- Metallurgical recoveries are estimated to be Au (95%), Ag (91%), Zn (67%) Pb (58%) across all ore types (see JORC Table 1 Section 3 Metallurgical assumptions) based on metallurgical test work.
- The formula used: AuEq (g/t) = Au (g/t) + [Ag (g/t) x 0.012106] + [Zn (%) x 0.46204] + [Pb (%) x 0.19961]
- CEL confirms that it is the Company’s opinion that all the elements included in the metal equivalents calculation have a reasonable potential to be recovered and sold
