Challenger Exploration Limited (AU:CEL) has released an update.
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Challenger Gold Limited (ASX: CEL) has announced a strategic private placement and toll milling agreement intended to expedite gold and silver production at Hualilan, leveraging high gold prices for early cash flow. The agreement guarantees processing of substantial high-grade ore over three years, with plans to reinvest the proceeds into expanding the Hualilan project. The company is also preparing for a Canadian stock exchange listing and board renewal as it moves closer to production commencement.
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