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3 clusters · 6 sources · 38 days · First seen · Last updated

Challenger Gold Hualilán project development

Overview

Challenger Gold has initiated a 35,000-metre diamond drilling program at the Hualilán gold deposit in Argentina’s San Juan Province. The campaign, involving four drilling rigs and supported by local contractors Eco Minera S.A. and Perforaciones Iglesianas S.R.L., includes 5,000 metres of geotechnical drilling. The program aims to expand known mineralization and convert resources within the open-pit design, targeting an estimated 2.8 million ounces of gold equivalent contained in 60.6 million tonnes of ore.

The company is transitioning its strategy from a third-party toll treatment model to an integrated mining and processing operation, supported by an A$85 million equity raise. A Pre-Feasibility Study (PFS) indicates a projected 14.25-year mine life with a production target of 1.84 million ounces of gold equivalent. At a gold price of US$3,500/oz, the study projected a pre-tax net present value (NPV5) of US$1.45 billion. The proposed development features a staged approach: an initial heap-leach stage followed by the addition of a flotation circuit approximately two years later.

To support an accelerated roadmap targeting standalone production in early 2029, Challenger Gold is bringing forward expenditure on engineering and early earthworks, such as access roads and a mining camp. BBA Consultants has commenced detailed engineering for Phase 1. To manage this growth, the company has appointed new leadership, including Non-Executive Chairman Peter Marrone, COO Yohann Bouchard, CFO Felipe Riquelme, and VP of Project and Strategic Planning Luke Buchanan.

Entities

San Juan Province · Challenger Gold Limited · Hualilán Gold Project · Eco Minera S.A. · Hualilán

Timeline

  1. 11 days ago

    [BUSINESS] 2 sources
    Challenger Gold targets 2029 production for Hualilán project

    Challenger Gold has outlined an accelerated roadmap for its Hualilán project in Argentina, aiming for Phase 1 heap-leach gold production by early 2029.

  2. about 1 month ago

    [BUSINESS] 3 sources
    Challenger Gold advances Hualilán project with A$85M funding

    Challenger Gold is advancing its Hualilán Gold Project in Argentina through an A$85 million equity raise and a transition to an integrated mining and processing model, targeting production by early 2029.

  3. about 2 months ago

    [BUSINESS] 3 sources
    Challenger Gold launches 35,000‑metre drilling campaign at Hualilán in Argentina

    Challenger Gold has started a 35,000‑metre drilling program at Hualilán, San Juan, Argentina, funded by an $85 million raise and targeting 2.8 million ounces of gold equivalent.

Sources

canal13sanjuan.com · diarioelzondasj.com.ar · parlamentario.com · sharecafe.com.au · smallcaps.com.au · stockhead.com.au

This summary has been updated 1 time: see revision history