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Challenger Exploration (ASX:CEL) takes full-ownership of Hualilan Source: Finance News Network SubscribeBe the first with the news that moves the market Challenger Exploration (CEL) acquires the remaining 75 per cent interest in its flagship Hualilan Gold Project in Argentina The company had the right to take on a further 50 per cent interest by completing a definitive feasibility study and issuing 50 million shares To acquire the final 25 per cent interest, Challenger has arranged to pay a further US$3.69 million (A$3.69 million) and issue 64 million shares Challenger says it s fully funded to complete a program of drilling, testwork on ore, an initial JORC-compliant resource and a pre-feasibility study. ....
Why the Challenger Exploration (ASX:CEL) share price is on the move Lucas Radbourne | April 20, 2021 2:35pm | More on: Image source: Getty Images Challenger Exploration Ltd(ASX: CEL) shares are edging higher today after the company outlined plans for a new fully-funded drilling program in San Juan, Argentina. At the time of writing, the Challenger share price is trading 1.59% higher at 32 cents. Challenger Exploration is engaged in the exploration of gold and copper with operations in Ecuador and Argentina. The company is developing two complementary gold/copper projects in South America, namely the Hualilan Gold Project in Argentina (the focus of today’s update) and the El Guayabo Gold/Copper Project in Ecuador. ....