Past year: ▲ 1131%(11.5c – 2.07 AUD)
Each one in plain English, with the numbers worked through for a shareholder.
21 Nov 2025contract award▲ GoodMajor
Executed a 24-month mining contract with MAPAL (about 3.37Mt of material movement). Drilling began on 1 November and the first blast was completed on 20 November. Mining is on track to start 1 December, moving Hualilan from permitting into production.
31 Oct 2025quarterly activities report▲ Good
September quarter: Casposo plant commissioned, contractors mobilised, first blast planned for 15 November. Cash was A$26.7m, about A$52m pro-forma with the A$30m placement. Stand-alone PFS remains on track for Q1 2026.
27 Oct 2025capital raising announcement▲ GoodMajor
Raises about A$30m via 230.8m shares at A$0.13, a 7.1% discount to last close. Funds toll-milling working capital (A$21m), Hualilan drilling (A$5m) and standalone development capital (A$4m). Mining is expected in December and first gold in January 2026.
What it means for a shareholder
231m new shares at A$0.130 to raise about A$30.0m. That's 9.6% dilution: every existing holder's slice gets 9.6% smaller. If you held A$1,000 of shares (7,692 at the issue price), your slice goes from 0.000356% to 0.000322% of the company. To keep it you'd need 821 more shares - about A$107 at the issue price.
Create a free account to see this worked out for your own holding.
27 Oct 2025investor presentation● Neutral
Invitation to an investor webinar on 30 October 2025 where the CEO will update on the placement and toll milling. Administrative notice with no new results.
21 Oct 2025contract award▲ GoodMajor
Signed Orica for blasting (2025-2028) and THOR S.A. for a 24-month blasthole drilling contract covering about 3.2Mt. Casposo plant refurbishment and commissioning is reported complete (per Austral Gold), ahead of CEL ore, with blasting due by early November.
30 Sept 2025regulatory community update▲ GoodMajor
The EIA amendment for hauling Hualilan ore to Casposo was approved, the last government approval needed. Hualilan is now fully permitted for toll milling, resolving the road-transport EIA thread; mining and drill-and-blast contracts are expected within weeks.
12 Sept 2025half year report● Neutral
Half-year to 30 June 2025 shows a profit of A$7.26m, driven by an A$11.7m hyperinflation accounting gain (A$53.9m profit a year earlier). It repeats the June placement of about A$37.5m at 8 cents and the US$2m facility draw.
5 Sept 2025other● Neutral
S&P Dow Jones index rebalance list; Challenger Gold is added to the All Ordinaries index from 22 September 2025. Index notice only, no company announcement or new business information.
19 Aug 2025regulatory community update▲ Good
Argentina's national security ministry granted the blasting permit for Hualilan toll milling. The company calls it the final permit needed to start drill and blast, clearing one of the remaining approvals ahead of mining.
31 July 2025quarterly activities report▲ Good
June quarter: toll-milling PFS completed and A$37.5m placement raised; exploration spend A$2.6m, admin A$1.6m. Cash stated at A$34.2m, including Elsztain's pending A$7.5m. Ecuador spend fell to A$0.25m; shareholder meeting on Tranche 2 set for 22 August 2025.
30 July 2025joint venture update▲ Good
Casposo plant refurbishment is reported on track, with commissioning targeted for August 2025 and processing of CEL ore in November 2025. That is later than the earlier second-half 2025 target but within it; primary crusher and SAG engine repairs are complete.
21 July 2025capital raising announcement▲ Good
Elsztain Group raises its Tranche 2 commitment from about A$4.5m to about A$7.5m (93.5m shares plus free options), lifting the placement to A$37.5m. The extra A$3m goes to working capital; shareholder approval is still needed.
21 July 2025security holder rights change● Neutral
10,000,000 unlisted options at A$0.40 and A$0.45 expired on 20 July 2025. Notice only; options on issue fall to 151.0m.
21 July 2025director officer appointment● Neutral
Carolina Zang, an Argentine securities lawyer, joins as Non-Executive Director. She takes the place of Saul Zang, who was foreshadowed for the board in January 2025 but never appointed.
9 July 2025drilling result▲ GoodMajor
Heap-leach column tests on Hualilan's low-grade halo gave average gold recovery of 75% (up to 85%) at half-inch crush. This could let material treated as waste in the 2023 Scoping Study be processed; full stand-alone PFS metallurgy due early Q4 2025.
1 July 2025investor presentation● Neutral
July 2025 corporate presentation titled 'The Next High-Grade Gold Producer'. The excerpt shows only disclaimers and cautionary statements; no new information is visible in the text provided.
4 June 2025resource reserve update▲ GoodMajor
Toll-milling pre-feasibility study done, completing the thread open since the Scoping Study: 76.6koz payable gold from 465kt at 6.2 g/t, US$8.9m upfront. At US$2,500/oz, NPV5 US$50.5m; at US$3,300/oz, US$82.2m. Recoveries assumed 84.4%.
4 June 2025other● Neutral
ASX notice that the suspension will lift immediately once the company releases its capital raising announcement. Administrative only.
4 June 2025other● Neutral
Full technical summary report behind the toll-milling pre-feasibility study, prepared by Fuse Advisors. The excerpt shows only the table of contents; the findings repeat the study announced the same day.
4 June 2025other● Neutral
Shares suspended at the company's request, following a trading halt granted 2 June, pending an announcement about capital raising. Requested to last until 5 June or until the announcement is released.
4 June 2025capital raising announcement▲ GoodMajor
Raises about A$34.5m at A$0.08 per share (431m shares, 16.7% below last close), with one free option per two shares at A$0.12. A$30m from L1 and Helikon; A$4.5m from Elsztain Group needs shareholder approval. Funds toll milling, Hualilan drilling and studies.
27 May 2025price query● Neutral
Replies to an ASX query after the share price rose from A$0.085 to an intraday A$0.096 on heavy volume. Says it knows of no unannounced information explaining the trading and believes it complies with continuous disclosure rules.
8 May 2025material agreement▲ GoodMajor
Signs an Investment Protection Agreement with Ecuador's government for the 100%-owned El Guayabo project: regulatory stability and international arbitration (London, ICC), covering US$75m of investment through 2027, for an initial 8 years, renewable. Supports the planned Ecuador monetisation.
30 Apr 2025other● Neutral
Appendix 4G, the checklist pointing to the corporate governance statement, lodged with the annual report. Administrative filing with no substance beyond that.
30 Apr 2025annual report● Neutral
Annual report for year ended 31 December 2024 released, with sustainability report, financial statements, and auditor's report. The excerpt shown contains no financial figures; largely a re-release of the earlier statutory accounts in fuller form.
30 Apr 2025other● Neutral
Corporate governance statement for FY2024, approved 30 April 2025. Says the board does not have separate committees given its size; one recommendation is only partially followed. Compliance document with no new business information.
30 Apr 2025joint venture update▲ Good
Company says the Casposo plant refurbishment is on track, backed by Austral's update and a second independent inspection by the same engineers as the December audit. Inspection found enough time to meet the second-half 2025 commissioning target; solid-liquid separation, flagged as a key risk, appears adequate.
30 Apr 2025quarterly activities report● Neutral
March quarter: exploration spend A$2.9m (Argentina A$2.6m, including a final A$520k surface-rights payment) and admin A$1.4m. Toll-milling pits narrowed to three, with the schedule now entirely on Indicated Resources; PFS nearing completion. US$2m facility drawn.
9 Apr 2025resource reserve update▲ GoodMajor
Ecuador resource doubles from 4.5Moz to 9.1Moz AuEq (570Mt at 0.50 g/t), including a maiden 4.4Moz at Colorado V; 6.9Moz is attributable to CEL. Exploration there is declared complete, with TSX spin-off, sale or farm-in under consideration.
9 Apr 2025agm notice● Neutral
AGM set for 30 May 2025, with director nominations closing 16 April 2025. Notice of meeting to follow in April. Administrative only.
