Past year: ▲ 1131%(11.5c – 2.07 AUD)
Each one in plain English, with the numbers worked through for a shareholder.
5 Apr 2023drilling result▲ GoodMajor
Six more El Guayabo GY-A holes hit mineralisation, including 1,190m at 0.3 g/t AuEq in GYDD-22-025, the longest intercept yet. GY-A and GY-B appear to merge into one zone over 1km thick. Maiden resource is expected in May.
3 Apr 2023admin correction● Neutral
Amended webinar notice corrects the date to 5 April 2023, 2.15pm Perth time; the earlier notice said 6 April. Administrative only.
3 Apr 2023other● Neutral
Invitation to a shareholder webinar where Kris Knauer will discuss the updated Hualilan resource. The release lists the date as 6 April in the body, inconsistent with its 5 April title; corrected in the next release. No new results.
31 Mar 2023annual report● Neutral
Annual financial report for the six months to 31 December 2022, following the change of year end. Visible text covers only the contents, directors and corporate directory (Pini Althaus appointed 8 February 2023); no financial figures are shown.
29 Mar 2023resource reserve update▲ GoodMajor
Hualilan resource upgraded to 2.8Moz AuEq from the maiden 2.1Moz, with a high-grade core of 1.6Moz at 5.0 g/t. 67% is now Indicated (38% before), supporting a possible move from the Scoping Study straight to a PFS. Resource remains open.
22 Mar 2023investor presentation● Neutral
Managing Director Kris Knauer presents at the Brisbane Mining Investor Conference on 22 March; the investor deck is attached. Visible text is only the cover and disclaimers, so no new results or figures are shown.
21 Mar 2023drilling result▲ Good
CEL reported more Verde Zone results at Hualilan, including 30.0m at 4.0 g/t AuEq in GNDD-741 and 35.2m at 3.5 g/t AuEq in GNDD-790, which found a new zone open at depth. With the extra drilling nearly complete, the exploration team turned to over 20km of untested strike.
20 Mar 2023regulatory community update● Neutral
After a magnitude 6.7 earthquake centred in El Oro Province, CEL says all staff and contractors in Ecuador are safe and the El Guayabo project and operations are unaffected.
3 Mar 2023other▼ Bad
S&P Dow Jones Indices' March 2023 quarterly rebalance removes Challenger Exploration (CEL) from the All Ordinaries, effective 20 March 2023. CEL had been in the index since March 2022. Index change only; no company news.
2 Mar 2023investor presentation● Neutral
Presentation for the Red Cloud pre-PDAC showcase, repeating the 2.1Moz Hualilan resource and El Guayabo results. Visible text shows no new results or figures.
20 Feb 2023drilling result▲ GoodMajor
Two new high-grade zones found at Magnata, including 15.2m at 4.7 g/t AuEq, plus Sentazon extensions. CEL also agreed to acquire 20,000 ha of land covering Hualilan to simplify permitting. Updated resource still expected in March.
8 Feb 2023director officer appointment▲ GoodMajor
Pini Althaus, New York-based former CEO of USA Rare Earth, joins as Non-Executive Director to build CEL's North American investor profile as it moves from explorer to developer. Unpaid in cash; receives 3m performance rights tied to share price hurdles, subject to shareholder approval.
7 Feb 2023drilling result▲ Good
More Hualilan results from the Verde Zone, including 42.0m at 5.9 g/t AuEq and 1.9m at 124.9 g/t in GNDD-711, a high-grade northern extension. Drilling is midway through the extra 50,000m; the updated resource is expected in coming weeks.
18 Jan 2023drilling result▲ GoodMajor
All 11 remaining El Guayabo regional holes hit, with discoveries on 4 of 8 anomalies. GY-B Phase 2 hole GYDD-22-024 returned 108.5m at 2.4 g/t AuEq including 54.2m at 4.0. Resource drilling on GY-A is underway toward the maiden resource.
23 Dec 2022material agreement▲ GoodMajor
Mining Plus is appointed to manage the Hualilan Scoping Study, which includes a staged start-up option on the 1.1Moz at 5.6 g/t high-grade core. It will use the updated resource due Q1 2023; completion is expected Q2 2023, in line with the earlier first-half 2023 plan.
12 Dec 2022admin correction● Neutral
Company is changing its financial year end from 30 June to 31 December, effective 1 July 2022. A six-month report to 31 December 2022 will follow, and the next AGM will be held by end of May 2023. Administrative.
7 Dec 2022drilling result▲ GoodMajor
Hualilan drilling finds a new deep high-grade zone, 'Sentazon Deeps', including 50.0m at 3.4 g/t AuEq with 22.5m at 7.0 g/t. Mineralisation extends over 100m south and 400m downdip of the 2.1Moz resource boundary, feeding an updated resource planned for Q1 2023.
25 Nov 2022security holder rights change● Neutral
New company constitution adopted by special resolution of shareholders on 25 November 2022, the AGM date. Covers share rights, minimum holdings and transfers. Text visible is only the contents page, so what changed from the old constitution is not stated.
25 Nov 2022security holder rights change● Neutral
Employee Incentive Securities Plan lodged on the AGM date, setting rules for granting options and performance rights to staff and others. Visible text is only the contents page, so limits, terms and any dilution are not stated.
3 Nov 2022investor presentation● Neutral
Corporate update for the IMARC conference, repeating known results. Notes a 15.5c share price on 28 October, 1,045m shares, A$25.0m cash, and Queen's Road Capital holding about 8% after debenture conversion. No new results.
31 Oct 2022drilling result▲ Good
First Hualilan results after the 2.1Moz resource extend Verde and Magnata, including 65.3m at 2.4 g/t AuEq and 12.2m at 11.0 g/t. Some holes lie 1km west of the resource boundary; management expects the resource to grow. Part of the 29,000m of assays pending.
25 Oct 2022other● Neutral
Corporate governance statement for the year to 30 June 2022, approved 25 October 2022. It says the company follows most ASX recommendations and has no board committees, with the full board doing those duties. Administrative.
25 Oct 2022annual report● Neutral
Annual report to 30 June 2022. The Chairman recaps the 2.1Moz Hualilan resource, 204,000m drilling done with 29,000m of assays pending, and Ecuador discoveries. Plans an updated resource and a Scoping Study in the first half of 2023. Repeats known facts.
25 Oct 2022other● Neutral
Appendix 4G, a standard form pointing to where the company's corporate governance disclosures can be found, lodged with the annual report. No substantive information.
5 Oct 2022drilling result▲ GoodMajor
Next five Colorado V holes extend both discoveries, including 402.8m at 0.6 g/t AuEq and 62.4m at 1.8 g/t within 773.9m at 0.4 g/t. First wide higher-grade zone there; three holes ended in mineralisation. Builds on earlier 500m-plus hits.
30 Sept 2022annual report● Neutral
Statutory accounts for the year to 30 June 2022. The visible text covers the board and highlights: the 2.1Moz maiden Hualilan resource, the 204,000m drill program completed with a further 50,000m started, and completed 100% acquisitions of Hualilan and El Guayabo. Financial figures not visible.
21 Sept 2022drilling result▲ Good
More post-resource Hualilan holes extend Verde and Magnata mineralisation, e.g. 11.0m at 9.1 g/t AuEq, some by 200m. The funded extra 50,000m takes the Hualilan program to 254,000m; 29,000m of assays remain pending for the updated resource.
9 Sept 2022investor presentation● Neutral
Presentation on the roughly A$25m raise, repeating the same-day announcement and prior drilling results from Hualilan, El Guayabo and Colorado V. No new information visible.
9 Sept 2022capital raising announcement▲ GoodMajor
CEL signed US$15m (about A$22.1m) of unsecured convertible debentures with Queen's Road Capital, convertible at A$0.25, a 30% premium to the 5-day VWAP, 9% coupon, four-year term. Its largest shareholder adds A$2.6m at market, for A$24.7m total. This follows cash falling to A$10.4m; funds a Hualilan scoping study and more drilling.
8 Sept 2022investor presentation● Neutral
Notice of an investor webinar on 9 September 2022 with MD Kris Knauer, including Q&A. No new results or company information.
