Challenger Gold Limited, trading under ASX: CEL, is focused on developing two gold/copper projects in South America. The Hualilan Project, located in San Juan Province Argentina, presents a near-term development opportunity with a significant historical resource of over 500,000 Oz @ 10 g/t gold. The El Guayabo Project, last drilled by Newmont Mining in 1995 and 1997, has demonstrated potential for significant copper, gold, and silver mineralization. The company's recent $20.00M post-IPO equity investment as of 15 July 2020 indicates investor confidence in the potential of these projects. With a focus on redefining the scope of the Hualilan Project and exploring the untapped potential of the El Guayabo Project, Challenger Gold is positioning itself to achieve early cash flows and capitalize on the promising mineralization in South America. Established in 2007 and headquartered in Australia, the company shows promising prospects in the precious metals market.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Post-IPO Equity | $20.00M | - | 16 Jul 2020 |
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