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
Presentations
RIU Sydney Resources Round-up Presentation
09 MAY 2023
CEL Shareholder Webinar Presentation
5 APR 2023
Brisbane Mining Investor Conference Presentation
22 MAR 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
