CEL.ASX: Quarterly Activities Report

Quarterly Activities Report

Stock	Challenger Gold Ltd (CEL.ASX)
Release Time	30 Apr 2026, 5:23 p.m.
Price Sensitive	Yes

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Challenger Gold Provides Quarterly Activities Update

Key Points

Toll Processing to commence on 1 May 2026
Hualilan standalone Pre-feasibility Study scheduled for release next week
Cash at bank $20.6 million, first gold sales revenue expected in May 2026

Full Summary

Challenger Gold Ltd has provided its quarterly activities report for the period ended 31 March 2026. Key highlights include the upcoming commencement of toll processing on 1 May 2026, the scheduled release of the Hualilan standalone Pre-feasibility Study in the next week, and a cash position of $20.6 million compared to expenditure of $15.8 million in the March 2026 quarter. The company also expects first gold sales revenue from tolling in May 2026. The report provides details on the Hualilan Gold Project in Argentina, including the Hualilan standalone Pre-feasibility Study, toll milling progress, mining activities, and grade reconciliation issues in the Norte and Sanchez pits. The company also provides updates on the El Guayabo Project in Ecuador and corporate and financial matters, including management and board changes, expenditure during the quarter, and exploration and development expenditure.