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Austral Gold Partners with Challenger for New Revenue Stream
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Austral Gold Partners with Challenger for New Revenue Stream

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

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Austral Gold Limited has entered a binding agreement with Challenger Gold to process material from the Hualilan Project at its Casposo Plant in Argentina, projected to start in late 2025. This deal is expected to generate a new revenue stream for Austral Gold, including a $3 million fixed payment and a monthly fee, alongside an incentive for recovery margins. The initiative aims to revitalize the Casposo Plant, aligning with Austral’s long-term growth strategy.

For further insights into AU:CEL stock, check out TipRanks’ Stock Analysis page.

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