Past year: ▲ 1131%(11.5c – 2.07 AUD)
Each one in plain English, with the numbers worked through for a shareholder.
19 June 2023investor presentation● Neutral
Webinar deck repeats the 4.5Moz El Guayabo and 2.8Moz Hualilan resources (7.2Moz total) and the recent A$10m raising. It cites an enterprise value of A$140m with the Hualilan Scoping Study still pending. Nothing new.
16 June 2023investor presentation● Neutral
Invitation to a shareholder webinar on Monday 19 June 2023 where Kris Knauer will discuss the El Guayabo initial resource. No new results; administrative notice.
14 June 2023resource reserve update▲ GoodMajor
First El Guayabo resource: 270Mt at 0.52 g/t AuEq for 4.5Moz (Inferred), with a 1.45Moz core at 1.0 g/t. Resolves the maiden resource thread; excludes the final five holes. Firm commitments for a A$10m placement, mainly for the Hualilan pre-feasibility study and regional work.
31 May 2023other● Neutral
Rules of a Salary Sacrifice Share Plan, letting eligible participants take part of their pay as shares. Visible text is only the table of contents and definitions; no numbers or dates on share issues. Administrative, likely linked to the AGM.
18 May 2023drilling result▲ Good
Latest El Guayabo holes all hit gold. GYDD-23-039 at GY-C returned 805.3m at 0.6 g/t AuEq, including 231.2m at 1.5 g/t, the first sign GY-C could host significant resource. GY-B and GY-C appear to join into a zone 700m wide. Maiden resource still pending.
10 May 2023material agreement▲ Good
CEL signs a non-binding MOU with YPF Luz for renewable power for Hualilan. CEL would award a power purchase agreement if the price is under US 7 cents/kWh; YPF gets a binding five-year right of first refusal. It may cut connection capex in the Scoping Study.
9 May 2023investor presentation● Neutral
Kris Knauer presents at the RIU Sydney Resources Round-up on 11 May 2023; investor deck attached. Visible text is cover and disclaimers only, so no new results. Header now shows 35m performance rights, up from 16m (inference: new grants, likely for the appointments).
4 May 2023director officer appointment▲ GoodMajor
CEL appoints former Australian Ambassador to Argentina Brett Hackett as non-executive director, Dr Sonia Delgado as Argentina Country Manager, and ex-Barrick Veladero manager Mike Zivcic as COO. Zivcic and Hackett are to be paid wholly in shares, as CEL prepares Hualilan for production.
4 May 2023admin correction● Neutral
Updated Appendix 5B for the March quarter, re-lodged on the new ASX template with all numbers unchanged. Cash at quarter end A$8.342m; the cash available estimate excludes gains from converting USD to Argentine pesos. Administrative.
1 May 2023drilling result▲ Good
First regional sampling around Hualilan finds high-grade gold, up to 54.4 g/t Au in stream sediments at El Peñon, 10km north-west, and rock chips up to 90.7 g/t Au within 300m east of the resource. Early stage: under 5% of the 600 sq km tenements mapped.
28 Apr 2023other● Neutral
Appendix 4G confirms the corporate governance statement is current at 28 April 2023 and approved by the board. Administrative filing accompanying the annual report; no new substance.
28 Apr 2023other● Neutral
Corporate governance statement for the six months to 31 December 2022, approved 28 April 2023. It says the board has no separate committees given its size, and reports mostly compliance with ASX recommendations. Administrative; no new events.
28 Apr 2023annual report● Neutral
Annual report for the six months to 31 December 2022. The chairman's address repeats the 2.8Moz Hualilan resource, Ecuador drilling results and the Scoping Study due in the first half of 2023. Visible text shows no new financial figures.
28 Apr 2023quarterly activities report● Neutral
March quarter report: cash fell to A$8.3m from A$15.4m, in line with budget, after A$7.1m net spend. Hualilan drilling cut to one rig (1,000-1,500m planned, a 78% cut) and Ecuador to one rig; spending expected to fall sharply in coming quarters.
14 Apr 2023agm notice● Neutral
AGM set for 31 May 2023, with the notice of meeting due in April. The release gives the director nomination closing date as 21 April 2022, which appears to be a typo for 2023 (inference).
14 Apr 2023security holder rights change● Neutral
The 2.8Moz resource met the vesting milestone for 60m Class A performance shares and 9.5m Performance A rights, resolving that open thread. The company says over 99% of recipients already hold shares and expects no selling.
5 Apr 2023investor presentation● Neutral
Shareholder webinar deck on the new 2.8Moz Hualilan resource and El Guayabo results, repeating known figures. It estimates March-quarter cash of about A$8m, with quarterly spend of A$3-4m expected going forward.
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.
