Board and Management team with extensive experience

 

Premium gold and copper tenements in South America

 

Our talent, at all levels, is maximising ROI

 

Argentina, an emerging base metal and gold region

 

Challenger workers outside a recently sampled adit

 

Over 150 drill holes in the Hualilan Project

 

Ecuador is now open for mining

 

A number of globally significant copper discoveries have been made in Ecuador

 

Infrastructure and talent within close proximity of each project

 

Two complementary mining projects in South America

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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

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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‚Äôs opinion that all the elements included in the metal equivalents calculation have a reasonable potential to be recovered and sold