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Challenger Gold Hualilán project development

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2026-08-13 02:21 UTC → 2026-09-11 00:36 UTC · added removed

Challenger Gold has initiated a 35,000-metre diamond drilling program at the Hualilán gold deposit in Argentina’s San Juan Province. The drilling campaign, involving four drilling rigs and supported by local contractors, 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 support a future heap-leach operation. 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 for the Hualilán project from a third-party toll treatment model to a larger, an integrated mining and processing operation. This expansion is operation, supported by an A$85 million equity raise intended to fund resource drilling, feasibility studies, and development preparation. 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 includes features a staged approach: an open-pit operation with initial heap-leach stage followed by the addition of a flotation plant 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 heap leach circuit. mining camp. BBA Consultants has commenced detailed engineering for Phase 1. To manage this growth, Challenger Gold the company has appointed new leadership, including a Non-Executive Chairman Peter Marrone, COO Yohann Bouchard, CFO Felipe Riquelme, and several executive officers. The company aims to begin construction in 2027, targeting standalone production in early 2029. VP of Project and Strategic Planning Luke Buchanan.

Versions

  1. 2026-09-11 00:36 UTC Challenger Gold Hualilán project development
  2. 2026-08-13 02:21 UTC Challenger Gold Hualilán project development

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