Austral Gold Partners with Challenger for New Revenue Path

Challenger Exploration Limited (AU:CEL) has released an update.

Austral Gold Limited has entered into a Toll Processing Agreement with Challenger Exploration Limited, paving the way for new revenue streams through significant payments and fees. The collaboration will see Austral’s Casposo plant in Argentina processing material from Challenger’s Hualilan project, with operations expected to start in the latter half of 2025. This strategic move enhances Austral’s portfolio, supported by a secured loan for plant refurbishment.

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