Sport Investors League
  • Politics
  • Stocks
  • Investing
  • Business

Sport Investors League

  • Politics
  • Stocks
  • Investing
  • Business
Investing

Refurbishment of Toll Milling Plant on Track

by admin April 30, 2025
April 30, 2025
Refurbishment of Toll Milling Plant on Track

Challenger Gold Limited (ASX: CEL) (“CEL” the “Company”) notes the ASX Release by Austral Gold Limited titled ‘Austral Gold Provides Update on Casposo Plant Refurbishment’ today. The release provides an update on the refurbishment of the Casposo Processing Plant and reports that the refurbishment is on track for the start up of commercial operations in the second half of 2025.

HIGHLIGHTS

  • Austral Gold announced that Casposo Plant refurbishment is advancing safely and efficiently across all core workstreams.
  • Austral update aligns with second independent plant inspection commissioned by CEL.
  • CEL’s inspection was undertaken by the same process engineers that completed the Audit of the Casposo Plant and Restart Plan in December 2024.
  • Key takeaways from the second inspection report commissioned by CEL are:
    • Robust advancement across all key processing areas
    • Progress in line with existing refurbishment schedule
    • Solid-liquid separation capacity (previously identified as a key risk) appears adequate for the required 1000 TPD capacity
    • Sufficient time remaining to complete all maintenance work to meet the commissioning target in Toll Milling Agreement during the second half of 2025.

The Austral update aligns with a second independent plant independent inspection report received by the Company during April 2025. This report was prepared by the leading process group that completed the independent Audit of the Casposo Plant in December 2024 (ASX Release dated 13 December 2024).

Background to Toll Milling

The Company has executed a binding Agreement with Casposo Argentina Mining Limited, the operator of the Casposo Plant located in San Juan Argentina. This Toll Milling Agreement secures processing of a minimum of 450,000t of near surface Hualilan mineralised material over 3 years (ASX Release dated 30 December 2024).

The Casposo Plant, located 170km from Hualilan via established roads, has historically produced over 323,000 ounces of gold and 13.2 million ounces of silver. During operations, the plant achieved average annual production of 40,000 ounces of gold and 1.6 million ounces of silver at recoveries of 90% for gold and 79% for silver. The plant has been on care and maintenance.

The primary objective of this Toll Milling strategy is to capitalise on the current high gold price (above US$3,300/oz) to generate early cash flow. This cashflow will be allocated towards the construction of the standalone Hualilan Gold project including a Flotation with Tails Leach (“FTL”) circuit, a potential Heap Leach (“HL”) pad at Hualilan, and open pit mining fleet.

Click here for the full ASX Release

This post appeared first on investingnews.com

0
FacebookTwitterGoogle +Pinterest
previous post
Trading Halt
next post
First Assay Results from Rae Copper Project Returns High Grade Copper

Related Posts

Lithium Universe LtdCompletes PV Solar Cell Recycling Acquisition

July 18, 2025

Tech 5: Tesla Pulls Plug on Dojo, Chipmakers...

August 11, 2025

Top 5 Canadian Mining Stocks This Week: Omineca...

December 21, 2024

Tech 5: Meta Plans Multi-Billion AI Bet, Apple...

June 17, 2025

Top 5 Canadian Mining Stocks This Week: Foremost...

May 17, 2025

Completion of Silver Acquisition & Appointment of New...

July 28, 2025

Gold Reaches New Price Record, Then Pulls Back;...

October 26, 2024

Biden Administration Proposes Ban on Chinese Vehicles, Citing...

September 26, 2024

Trident Royalties PLC Announces Update on Scheme Timetable

July 17, 2024

Trident Royalties PLC Announces Chairman Transition

May 10, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent

    • Trump welcomes Polish president with flyover tribute to fallen fighter pilot

      September 4, 2025
    • Epstein victims press lawmakers to support bill to release hidden files, say Americans will be ‘appalled’

      September 4, 2025
    • Trump hits back at reporter who said he’s taken ‘no action’ against Russia

      September 4, 2025
    • Trump’s political advisers huddle with House GOP over rebranding of the big beautiful bill

      September 4, 2025
    • SCOOP: House GOP eyes more Medicaid reforms in second budget reconciliation bill

      September 4, 2025

    Categories

    • Business (1,098)
    • Investing (2,969)
    • Politics (3,619)
    • Stocks (1,155)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sportinvestorsleague.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 sportinvestorsleague.com | All Rights Reserved