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Adelong Gold Exits Challenger JV, Secures $3.1M in GDM Shares Plus 1% Royalty
9:18am on Monday 8th of December, 2025 AEDT
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Mining
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Adelong Gold Exits Challenger JV, Secures $3.1M in GDM Shares Plus 1% Royalty
9:18am on Monday 8th of December, 2025 AEDT
Key Points
Sale of 49% Challenger Mines interest for 10 million GDM shares (~AUD 3.1M)
Retention of 1% net smelter return royalty capped at 125,000 ounces
Transaction strengthens Adelong’s balance sheet and removes funding obligations
Focus shifts to Lauriston and Apollo gold projects in Victoria
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