Past year: ▲ 1131%(11.5c – 2.07 AUD)
Each one in plain English, with the numbers worked through for a shareholder.
31 July 2026drilling result▲ Good
Remaining toll-pit infill results released, completing the program part-reported on 30 April. Highlights include 5m at 19.8 g/t AuEq (Norte) and 16m at 2.5 g/t AuEq (Magnata). No overall grade comparison is given in the excerpt.
30 July 2026drilling spud▲ GoodMajor
Exploration drilling restarts at Hualilan, the first in over three years: two of four rigs running on a minimum 35,000m program (about 5,000m geotechnical). Targets are extensions at depth and along strike plus resource conversion; El Guayabo data review also begun.
18 May 2026resource reserve update▲ GoodMajor
Stand-alone Hualilan PFS completed, resolving the Q1 2026 thread: 14.25-year mine, 1.84Moz AuEq, start-up capex US$232m. At US$3,500 gold, pre-tax NPV5 is US$1.45bn and AISC US$1,618/oz. Maiden Ore Reserves of 1.5Moz Au.
30 Apr 2026drilling result▲ Good
Results from about 60% of the 10m-spaced infill drilling in the Hualilan toll pits. Magnata averages 7.0 g/t Au above cut-off versus 6.2 g/t in the June 2025 toll-milling PFS, with a best intercept of 8m at 17.1 g/t AuEq. Sanchez results suggest the pit could be deepened.
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.
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%.
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.
13 Nov 2024drilling result▲ GoodMajor
Six more Colorado V holes in Ecuador, with intercepts up to 711.6m at 0.4 g/t AuEq, confirm the 400x800m CV-A anomaly is mineralised from surface. The program is complete, with four holes pending, and a maiden resource is expected before the planned monetisation of Ecuador.
26 July 2024drilling result▲ Good
First five holes of the Colorado V resource drilling hit about 500m intercepts at 0.3-0.4 g/t AuEq, including 599.1m at 0.4 g/t AuEq. 5,100m of the 8,000m is drilled. A maiden resource is expected on completion, ahead of the planned Ecuador sale.
29 Apr 2024drilling result▲ Good
Soil sampling with Ionic Leach assay defines a 5km by 4km copper anomaly 5-10km southeast of Hualilan, with a coincident iodine anomaly, under cover with no prior exploration. Sampling is being extended over a further 150 km2; no drilling yet.
23 Aug 2023drilling result▲ Good
First rock-saw channel samples at El Guayabo include 174.4m at 1.2 g/t AuEq, 300m beyond any drilling, and results extending the high-grade core 200m up to surface. These may feed a future resource update, which also awaits the final five drill holes.
19 July 2023drilling result▲ Good
Hualilan regional work finds new targets: a mineralised system 2.5km west of the Magnata Fault, and a 48 km2 magnetic survey started at El Penon to plan a first drill program. Earlier high-grade samples are repeated. Program is under 40% complete; Lo Que Vendra concessions were granted.
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.
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.
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.
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.
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.
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 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.
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.
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.
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.
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.
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.
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 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.
