Past year: ▲ 1131%(11.5c – 2.07 AUD)
Each one in plain English, with the numbers worked through for a shareholder.
19 July 2022price query● Neutral
ASX queried a rise from A$0.155 to A$0.205. CEL said it knew of no undisclosed information, noting its shares had fallen 48% since 1 June versus the gold index down 26%. Assays from drilling completed by 17 June are pending.
4 July 2022drilling result▲ Good
Three more Colorado V holes extend both discoveries, including 564.1m at 0.4 g/t AuEq; CV-A mineralisation is over 600m wide and extends outside the soil anomaly. Continues the 1 July-era run of hits; five of fifteen anomalies drilled.
24 June 2022drilling result▲ Good
First Hualilan holes drilled after the 2.1Moz resource cut-off extend mineralisation outside it, e.g. 28.5m at 5.3 g/t AuEq, 60m below the Verde boundary. 197,000m of the 204,000m program is done; management expects the resource to grow, with assays pending.
6 June 2022drilling result▲ GoodMajor
First two Colorado V holes both hit about 500m of mineralisation from surface, e.g. 528.7m at 0.5 g/t AuEq, confirming two discoveries on soil anomalies 1km long. Two more El Guayabo holes confirm 1km of continuous mineralisation. Five of fifteen soil anomalies now drilled, all hit. Grades are modest.
1 June 2022investor presentation● Neutral
Investor presentation on the 2.1Moz maiden Hualilan resource, repeating the same-day announcement. Also notes El Guayabo and the first two Colorado V holes logged with over 500m of sulphides, assays pending. No new results.
1 June 2022investor presentation● Neutral
Updated version of the 1 June presentation on the 2.1Moz maiden Hualilan resource, with the 1.1Moz at 5.6 g/t high-grade core. Repeats known results; first two Colorado V holes logged over 500m of sulphides, assays pending. No new information.
1 June 2022resource reserve update▲ GoodMajor
Maiden JORC resource for Hualilan of 2.1 million oz AuEq: skarn 6.3Mt at 5.6 g/t (1.1Moz) and intrusion/sediment-hosted 41.4Mt at 0.8 g/t (1.0Moz). Based on 125,700m of the drilling; scoping study to start after drilling finishes. Replaces the old non-JORC historical estimate.
3 May 2022drilling result▲ GoodMajor
Hualilan metallurgy: average gold recovery lifted to 95% across ore types, with zinc (89%) and lead (77%) recoverable from skarn. Better concentrates and a direct rail route to Rosario Port cut transport costs. Supports the planned scoping study; further testing ongoing.
22 Apr 2022drilling result▲ GoodMajor
Six more El Guayabo holes each hit over 300m of mineralisation, including 809.9m at 0.3 g/t AuEq. The main zone now extends to 1km of strike and up to 1km wide; the first two of fifteen new soil targets also hit. Grades are mostly low.
30 Mar 2022drilling result▲ GoodMajor
Hualilan drilling extended high-grade mineralisation in several zones; 48 of 58 holes hit. GNDD-491, the first deeper western Magnata hole, hit 27.0m at 8.9 g/t AuEq; Sentazon was extended 250m down dip. Follows earlier Magnata and Sentazon results; more assays pending.
16 Mar 2022half year report● Neutral
Half-year to 31 December 2021: profit A$4.49m, driven by other income of A$7.78m and a A$3.28m inflation accounting gain, not operations. Cash A$27.6m; exploration spend A$26.3m. Restated prior period under hyperinflation accounting. Repeats known project results.
9 Mar 2022drilling result▲ GoodMajor
El Guayabo hole GYDD-21-008, the pending result, hit 257.8m at 1.4 g/t AuEq from near surface, including 53.7m at 5.3 g/t. With historical holes, it outlines a higher-grade zone 100-150m wide that is open. Colorado V drilling has begun.
4 Mar 2022other▲ Good
S&P Dow Jones Indices' March 2022 quarterly rebalance lists Challenger Exploration (CEL) as an addition to the All Ordinaries Index, effective before the open on 21 March 2022. Index notice, not company news; no change to assets or finances.
23 Feb 2022drilling result▲ GoodMajor
Four more El Guayabo holes all hit; GYDD-21-006 returned 309.8m at 0.7 g/t AuEq, including 53.6m at 1.5 g/t. Six holes now outline a zone 500m long and 300m wide, open along strike and at depth. Hole 008 assays are pending.
15 Feb 2022drilling result▲ GoodMajor
Verde Zone's best hole, GNDD-458, hit 67.7m at 7.7 g/t AuEq from an undrilled 200m section, including 0.5m at 834 g/t. Results from 64 holes (97% hit) support Verde as a continuous 1.5km zone, open at depth; 4 of 9 rigs now drilling it.
8 Feb 2022investor presentation● Neutral
Notice that MD Kris Knauer will present at the Virtual Gold Conference on 10 February 2022, with the investor deck attached. Readable text is disclaimers and event details; no new results visible.
25 Jan 2022drilling result▲ GoodMajor
Exploration holes pushed Hualilan mineralisation beyond known limits: Verde Zone found 400m south (97.8m at 2.2 g/t AuEq), a possible third fault 400m north of Sanchez, and a 1,000m-deep hole ending in 4.0m at 5.8 g/t. Strike extent now 3.5km.
13 Jan 2022drilling result▲ GoodMajor
First El Guayabo hole in Ecuador (GYDD-21-001) hit 784.3m at 0.4 g/t AuEq to the end of hole at 800.5m, including 30.0m at 1.1 g/t. Company calls it a major gold-copper system. Grade is low but the interval is very wide; higher-priority holes are pending.
29 Dec 2021drilling result▲ GoodMajor
Eighteen Magnata Fault holes all hit, extending high-grade mineralisation up to 240m deeper and 130m west; one hole hit 1.1m at 44.5 g/t Au at 530.7m. The fault now spans 520m of strike and 500m vertically, still open, building on the earlier 14.2m at 13.6 g/t hit.
20 Dec 2021other● Neutral
Share registry Automic notifies that its Perth office moved to 191 St Georges Terrace from 20 December 2021. Administrative notice with no company substance.
6 Dec 2021auditor change● Neutral
Auditor changed from HLB Mann Judd to Ernst & Young (EY) effective 3 December 2021, after shareholder approval at the 26 November AGM and ASIC consent. Share count now shown as 978.4m, up from 974.4m, consistent with the final 4m El Guayabo shares being issued (inference).
23 Nov 2021investor presentation● Neutral
Invitation to a company update webinar with Q&A hosted by MD Kris Knauer on 24 November 2021. Event notice only; no new results.
22 Nov 2021drilling result▲ GoodMajor
First shallow hole into the Hualilan Hills (GNDD-397) hit 5.0m at 19.9 g/t AuEq, including 3.0m at 32.5 g/t. Supports the company's view that the best grades lie up-dip of earlier drilling. 49 up-dip holes planned; 12 done, assays pending.
11 Nov 2021investor presentation● Neutral
Notice that MD Kris Knauer will present at the Noosa Mining Conference on 11 November 2021, with a deck on Hualilan and Ecuador. Readable text is disclaimers and event details; no new results visible.
4 Nov 2021drilling result▲ GoodMajor
Sentazon hole GNDD-378 hit 63.3m at 9.8 g/t AuEq, including 24.1m at 23.3 g/t. It is the best Hualilan hole on a gram-metre basis, beating the historical record by over 50%. Sentazon now extends over 400m down dip and remains open.
27 Oct 2021annual report● Neutral
Appendix 4G corporate governance checklist accompanying the annual report. Administrative; no new substance.
27 Oct 2021annual report● Neutral
Annual report for the year to 30 June 2021 lodged again (an earlier version was noted on 20 Sep). Chairman cites about $36m cash at bank, with $26m budgeted for Hualilan, and 104,000m of drilling left. Largely restates known information.
25 Oct 2021asset acquisition disposition▲ GoodMajor
CEL took a 4-year option over the 97.5 sq km Cordon del Peñon licences next to Hualilan, lifting its land from about 80 to 177.5 sq km. Full purchase costs US$450,000; US$7,000 paid upfront. Prior sampling showed gold in stream sediments, but the source is unidentified.
20 Oct 2021investor presentation● Neutral
Mines and Money virtual conference presentation on Hualilan and Ecuador. Readable text is disclaimers and highlights (11 rigs, 100% owned, fully funded); no new results visible.
19 Oct 2021drilling result▲ Good
Eight more Sentazon holes all hit, including 4.6m at 25.6 g/t AuEq (GNDD-044e). High-grade mineralisation extends another 100m down dip, a 50% increase. Further deeper holes show massive sulphides, and the program is expanded again.
