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How Challenger Gold’s $34.5M Raise Fuels Hualilan’s Production Push

3:12pm on Wednesday 4th of June, 2025 AEST Mining
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How Challenger Gold’s $34.5M Raise Fuels Hualilan’s Production Push

3:12pm on Wednesday 4th of June, 2025 AEST
Key Points
  • A$34.5 million placement at A$0.08 per share with institutional backing
  • Funds allocated to toll milling, drilling, feasibility studies, and working capital
  • Placement includes free-attaching options exercisable at $0.12, pending shareholder approval
  • First cash flow from Hualilan targeted in second half of 2025
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