Challenger Gold Ltd (ASX: CEL) has delivered a 100% increase in its Mineral Resource Estimate across its Ecuador projects, now totalling 9.1 million ounces of gold equivalent (AuEq)—making it one of the largest undeveloped gold resources in South America.

The updated MRE includes:

✅ 567Mt @ 0.50g/t AuEq ✅ High-grade core of 2.1Moz @ 1.0g/t AuEq, with 1.2Moz @ 1.2g/t AuEq ✅ Resources defined from drilling just 5 of 15 major anomalies

🗣️ MD Kris Knauer commented:

“This is a transformational milestone that unlocks significant value for our shareholders and enables us to fully focus on advancing our flagship Hualilan Gold Project in Argentina.”

🚀 Strategic Path Forward for Ecuador Assets: 📌 Potential TSX spinout to capture premium valuation 🤝 Strategic sale or farm-in partnership under consideration 🛣️ Infrastructure advantages: 35km from port, power, water, and road access already in place

🏆 Investor’s Outlook:

Following the significant Ecuador resource update, Challenger Gold is strategically repositioning for growth. With Ecuador's world-class scale attracting global interest and monetisation pathways in place, investor focus now sharpens on the fully-owned Hualilan Gold Project in Argentina.

🌟 Hualilan Highlights:

⚒️ 2.8Moz AuEq total resource with high-grade core of 1.5Moz @ 5.6g/t AuEq 💰 Toll milling deal to generate near-term cash flow ⛏️ Open mineralisation with long-term production upside

📈 ASX: CEL last traded at A$0.056, reflecting renewed investor interest following the major resource upgrade.

🔗 Read the full announcement - https://colitco.com/challenger-gold-doubles-ecuador-resource-2025/