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CHALLENGER GOLD LIMITED — Capital/Financing Update 2021
Oct 18, 2021
64637_rns_2021-10-18_96a24202-84b2-4b48-a1d2-941a45467aa8.pdf
Capital/Financing Update
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ASX Release 19 October 2021
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Sentazon drilling continues to extend the high-grade mineralisation at Challenger's Hualilan Gold Project
Highlights
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Deeper drilling, including extensions to existing holes, continues to extend the high-grade mineralisation at Sentazon with results including (refer Table 1):
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4.6m at 25.6 g/t AuEq[2] - 24.3 g/t Au, 23.0 g/t Ag, 2.2% Zn from 213.0m and;
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10.2m at 14.2 g/t AuEq[2] - 12.5 g/t Au, 10.6 g/t Ag, 3.5% Zn from 230.0m including;
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4.5m at 25.6 g/t AuEq[2] - 23.6 g/t Au, 14.1g/t Ag, 4.3% Zn (GNDD-044e)
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11.3m at 8.8g/t AuEq[2] - 5.4g/t Au, 76.9 g/t Ag, 5.5% Zn from 143.5m including; 4.0m at 17.4 g/t AuEq[2] - 10.6 g/t Au, 141 g/t Ag, 11.7% Zn and;
- 1.0m at 10.3 g/t AuEq2 - 8.9 g/t Au, 5.4 g/t Ag, 3.0% Zn from 325.0 (GNDD-352)
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Extends high-grade mineralisation at Sentazon another 100 metres down dip, a 50% increase, with mineralisation open along strike, at depth, and up-dip into the Hualilan Hills.
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Follow-up drilling (assays pending) a further 100 metres down dip continues to intersect zones of massive sulphides in strong garnet-silica-pyroxene (skarn) alteration[1] .
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Broad zones of lower grade mineralisation intersected in sediments which is potentially analogous to the halo mineralisation seen in the Verde Zone 400 metres north.
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Six additional holes completed (assays pending), one hole in progress, and ten holes programmed as the Sentazon drill program continues to be expanded.
Commenting on the results, CEL Managing Director, Mr Kris Knauer, said
“Our drilling continues to demonstrate that Sentazon, which was historically thought to be a small zone at the southern end of Hualilan, is on track to make a significant contribution to the high-grade gold endowment at the Hualilan Gold Project.
This series of step-out drill holes has extended the high-grade mineralisation down dip by 50 percent.
Additionally, several deeper holes for which assays are pending, have intersected massive sulphides and strong skarn alteration further down dip so we expect to extend Sentazon a further 50 percent.
The high-grade mineralisation at Sentazon now extends considerably deeper than we initially believed. Accordingly, we will continue to dedicate additional drill metres from our 120,000 metre program and at least one rig to Sentazon for the foreseeable future."
- #1 This alteration style and mineral assemblage is consistent with other mineralised intervals in the limestone where high-grade gold results were received
ASX: CEL
Australian Registered Office Level 1 1205 Hay Street
Issued Capital
973.8m shares
49.6m options 1205 Hay Street 120m perf shares West Perth WA 6005 16m perf rights
Directors
Contact
Mr Kris Knauer, MD and CEO T: +61 8 6380 9235 Mr Scott Funston, Finance Director E: [email protected] Mr Fletcher Quinn , Chairman
Challenger Exploration Limited ACN 123 591 382
www.challengerex.com
ASX Release 19 October 2021
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Figure 1 Plan View Sentazon mineralisation and current drilling
Challenger Exploration Limited ACN 123 591 382 ASX: CEL
Issued Capital 973.8m shares 49.6m options 120m perf shares 16m perf rights
Australian Registered Office Directors Contact Level 1 Mr Kris Knauer, MD and CEO T: +61 8 6380 9235 1205 Hay Street Mr Scott Funston, Finance Director E: [email protected] West Perth WA 6005 Mr Fletcher Quinn , Chairman
www.challengerex.com
ASX Release 19 October 2021
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Challenger Exploration ( ASX: CEL ) (“ CEL ” the “ Company ”) is pleased to announce results from the Company's flagship Hualilan Gold Project in San Juan, Argentina. The results are from the next 8 holes of the Company's drill program at Sentazon which has now been expanded to include a minimum of 17 additional drill holes with further holes in planning.
All holes intersected significant gold mineralisation with a best result of over 256 gram x metres in GNDD-044e. The results extended both zones of high-grade mineralisation at Sentazon, the main Sentazon Manto and the underlying Footwall Zone, another 100 metres down dip. Results included 11.3m at 8.8g/t AuEq including 4.0m at 17.4 g/t AuEq (GNDD-352) and 4.6m at 25.6 g/t AuEq plus 10.2m at 14.2 g/t AuEq (GNDD-044e) . Complete results are detailed in Table 1.
Both the new Footwall Zone of mineralisation and the main Sentazon Manto appear to have greater down-dip extent than originally anticipated. Several deeper drill holes in this program (assays pending) have intercepted zones of massive sulphides in limestone containing pyrite-sphaleritepyrrhotite with garnet-silica-pyroxene (skarn) alteration over 100 metres down-dip of the current high-grade results. This alteration style and mineral assemblage is consistent with other mineralised intervals in the limestone where high-grade gold results were received.
Additionally, a series of holes were drilled on the projected southern extent of the Verde Zone, south of the Magnata Fault, up to 400 metres south of the Verde Zone mineralisation. All holes in this program intersected wide zones of lower grade mineralisation hosted in sediments. Examples include 25.0 metres at 0.6 g/t AuEq and 28.8 metres at 0.7 g/t AuEq in GNDD-306.
This mineralisation appears analogous to the lower grade halo of mineralisation that extends into the overlying sedimentary rocks in the Verde Zone. A series of deeper holes are planned to test underneath this drilling for higher-grade Verde Zone style mineralisation. The first of these deeper holes, GNDD-432, is currently underway to a planned depth of 450 metres.
DISCUSSION OF RESULTS
Sentazon is the southernmost mineralisation that was defined historically with its location shown in Figure 1.
Mineralisation at Sentazon was described historically as;
"Manto-style" high grade lenses, oriented parallel to the limestone beds, caused by the replacement of the limestone beds with massive sulphides. The Sentazon Manto is one of three en-echelon manto zones at Cerro Sur, over a strike interval of 330 metres, the others being Muchilera and Magnata both to the north. This mineralisation is lensoid in shape, trending northerly, dipping 40 to 70 degrees west with thickness of 1 to 4 metres ranging to 8 metres and open at depth."
Previous drilling by CEL intersected mineralisation over 150 metres of strike and 200 metres of dip at Sentazon with mineralisation open along strike, at depth, and up-dip into the Hualilan Hills. Additionally, drilling by the Company has defined a second more steeply dipping zone of high-grade mineralisation 50 metres below the Sentazon Manto in the footwall.
Challenger Exploration Limited ACN 123 591 382 ASX: CEL
Issued Capital Australian Registered Office 973.8m shares Level 1 49.6m options 1205 Hay Street 120m perf shares West Perth WA 6005
Directors
Directors Contact Mr Kris Knauer, MD and CEO T: +61 8 6380 9235 Mr Scott Funston, Finance Director E: [email protected] Mr Fletcher Quinn , Chairman
16m perf rights
www.challengerex.com
ASX Release 19 October 2021
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Challenger Exploration Limited Issued Capital Australian Registered Office Directors Contact
ACN 123 591 382 973.8m shares Level 1 Mr Kris Knauer, MD and CEO T: +61 8 6380 9235
ASX: CEL 49.6m options 1205 Hay Street Mr Scott Funston, Finance Director E: [email protected]
120m perf shares West Perth WA 6005 Mr Fletcher Quinn , Chairman
16m perf rights
----- End of picture text -----
www.challengerex.com
ASX Release 19 October 2021
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Section 230 (GNDD-044e, GNDD-362)
Cross Section 230 (Figure 2) contains GNDD-044e, GNDD-362 and deeper hole GNDD-414 for which assays are pending. GNDD-044e was an extension of early CEL drill hole GNDD-044 which was terminated prior to reaching the Footwall Zone of mineralisation. GNDD-044e successfully intersected the Footwall Zone returning 4.6m at 25.6 g/t AuEq (24.3 g/t gold, 23.0 g/t silver, 2.2% zinc ) from 213.0m and 10.2m at 14.2 g/t AuEq (12.5 g/t gold, 10.6 g/t silver, 3.5% zinc ) from 230.0m including 4.5m at 25.6 g/t AuEq (23.6 g/t gold, 14.1g/t silver, 4.3% zinc ). The hole confirmed the continuity of the Footwall Zone mineralisation in the 100 metres between GNDD-296 (16.9 metres at 16.9 g/t AuEq) up-dip and GNDD-314 (2.8m at 62.5 g/t AuEq) downdip.
GNDD-362 was collared to test downdip of GNDD-314 which intersected 5.5 metres at 4.0 g/t AuEq and 6.5 metres at 1.7 g/t AuEq, the previous deepest intersection of the main Sentazon Manto. GNDD362 successfully extended main manto 100 metres down dip intersecting 2.5 metres at 7.9 g/t AuEq (2.1 g/t gold, 77.6 g/t silver, 8.3% zinc) including 1.3 metres at 14.7 g/t AuEq (3.8 g/t gold, 137.6 g/t silver, 21.2% zinc ).
The hole then extended the Footwall Zone 75 metres down dip of GNDD-314 intersecting 3.5 metres at 7.2 g/t AuEq (5.4 g/t gold, 9.4 g/t silver, 3.9% zinc) including 2.2 metres at 11.2 g/t AuEq (8.4 g/t gold, 12.1 g/t silver, 6.1% zinc ) from 401.6m and 1.2 metres at 2.8 g/t AuEq (2.2 g/t gold, 6.7 g/t silver, 1.3% zinc) and 2.8 metres at 1.0 g/t AuEq (0.2 g/t gold, 4.2 g/t silver, 1.7% zinc) from 423.6m.
GNDD-414 (assays pending) was collared 100 metres west of GNDD-362 to test 100 metres down-dip of GNDD-362. The hole intersected a 4 metre zone logged as massive sulphides consisting of 25% pyite-10% shalerite-5% pyrrhotite in strong garnet-silica-pyroxene alteration from 273 metres which is interpreted as the extension of the main Sentazon Manto. The hole then intersected several more 1-2 metre zones of massive sulphides which are interpreted as the down-dip extension of the Footwall Zone mineralisation. This skarn alteration and massive sulphide mineralisation intersected in GNDD414 (assays pending) is consistent with mineralised intervals in other drill holes for which high-grade gold assays have been received.
Section 221 (GNDD-352)
Section 221 (Figure 3) is located 40 metres north of Section 230. Drillhole GNDD-352 was drilled as a step-out to test down-dip from CEL drill hole GNDD-299 which intersected 9.9 metres at 6.4 g/t AuEq in the main Sentazon Manto. GNDD-299 was not drilled deep enough to intersect the Footwall Zone of mineralisation.
GNDD-352 intersected 11.3m at 8.8g/t AuEq (5.4g/t gold, 76.9 g/t silver, 5.5% zinc) from 143.5m including 4.0m at 17.4 g/t AuEq (10.6 g/t gold, 140.8 g/t silver, 11.7% zinc). This mineralisation extended the main Sentazon Manto mineralisation 20 metres downdip of GNDD-299. The hole then confirmed the deeper Footwall Zone extends downdip on this section intersecting 1.3m at 1.4g/t AuEq (1.0g/t gold, 9.9 g/t silver, 0.6% zinc) from 302.0m and 1.0m at 10.3 g/t AuEq (8.9 g/t gold, 5.4 g/t silver, 3.0% zinc) from 325.0m.
Challenger Exploration Limited ACN 123 591 382 ASX: CEL
Issued Capital 973.8m shares 49.6m options 120m perf shares 16m perf rights
Australian Registered Office Level 1 1205 Hay Street
West Perth WA 6005
Directors
Directors Contact Mr Kris Knauer, MD and CEO T: +61 8 6380 9235 Mr Scott Funston, Finance Director E: [email protected] Mr Fletcher Quinn , Chairman
www.challengerex.com
ASX Release 19 October 2021
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Challenger Exploration Limited Issued Capital Australian Registered Office Directors Contact
ACN 123 591 382 973.8m shares Level 1 Mr Kris Knauer, MD and CEO T: +61 8 6380 9235
ASX: CEL 49.6m options 1205 Hay Street Mr Scott Funston, Finance Director E: [email protected]
120m perf shares West Perth WA 6005 Mr Fletcher Quinn , Chairman
16m perf rights
----- End of picture text -----
www.challengerex.com
ASX Release 19 October 2021
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Two deeper holes have been completed on this section GNDD-393 and GNDD-401 to test the main Sentazon Manto as 50 and 100 metre down-dip step-outs below GNDD-352 (Figure 3). Both holes are logged as intersecting massive sulphide mineralisation in strong garnet-silica-pyroxene alteration at the interpreted down-dip position of the main Sentazon Manto. Accordingly another hole is planned which will be collared 50 metres west to test another 50 metres below these two holes.
New Zone of Sediment and intrusion-hosted mineralisation
Drill holes GNDD-306, GNDD-311, GNDD-316, and GNDD-338 were a series of four holes drilled to test the projected southern extension of the Verde Zone and limestone on the south side of the Magnata Fault 200 to 400 metres south of the Verde Zone. The holes we spaced approximately 40 metres along strike and drilled as stratigraphic holes given insufficient drilling has been completed to determine the specific amount of lateral movement on the Magnata Fault, and hence, the position of any extension of the Verde Zone south across the Magnata Fault .
All four holes intercepted 20-40 metre wide zones of disseminated mineralisation hosted in sediments with results including:
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28.8 metres at 0.7 g/t AuEq (0.5 g/t gold, 8.2 g/t silver, 0.3% zinc) from 213.3m including 1.7m at 4.6 g/t AuEq (2.5 g/t gold, 63.1 g/t silver, 3.0% zinc) and 2.0m at 2.4 g/t AuEq (1.7 g/t gold, 21.5 g/t silver, 1.0% zinc) in GNDD-306;
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20 metres at 0.5 g/t AuEq (0.4 g/t gold, 6.1 g/t silver, 0.1% zinc) from 190.0m in GNDD-338;
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28.8 metres at 0.4 g/t AuEq (0.3 g/t gold, 4.7 g/t silver, 0.1% zinc) from 286.0m including 2.0m at 1.7 g/t AuEq (1.3 g/t gold, 28.0 g/t silver, 0.1% zinc ), 2.0m at 1.2 g/t AuEq ( 0.6 g/t gold, 9.6 g/t silver, 0.9% zinc ) and 2.0m at 1.5 g/t AuEq (1.4 g/t gold, 4.4 g/t silver in GNDD316; and
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21 metres at 0.3 g/t AuEq (0.2 g/t gold, 3.2 g/t silver, 0.1% zinc) from 176.0m including 4.5 metres at 0.6 g/t AuEq (0.3 g/t gold, 6.5 g/t silver, 0.4% zinc ) in GNDD-311.
This mineralisation hosted in sediments has been found to indicate the presence of deeper underlying intrusion-hosted mineralisation at the Verde Zone. The lower grade halo of mineralisation extending into the overlying sedimentary rocks has a connection with underlying mineralised intrusions.
These sediment hosted intercepts correlate with a series of intercepts in drillholes GNDD-201, GNDD232, GNDD-235, GNDD-246 and GNDD-250 (all previously reported) which were collared over the approximate strike position some 200 metres up-dip. These up-dip holes intercepted narrow zones of mineralisation, some with surrounding zones of disseminated mineralisation, hosted in sediments and limestone.
Previously reported results from these holes include 2.5 metres at 1.1 g/t AuEq and 4.0 metres at 2.5 g/t AuEq (GNDD-232); 2.5 metres at 5.9 g/t AuEq including 0.9 metres at 16.4 g/t AuEq (GNDD-246); and 5.0 metres at 1.3 g/t AuEq within halo of lower-grade mineralisation of 30 metres at 0.4 g/t AuEq (GNDD-250). The correlation with these mineralised intercepts 200 metres up-dip indicates that this new zone of mineralisation hosted in sediments is extensive, with at least 200 metres of dip extent.
Challenger Exploration Limited Issued Capital Australian Registered Office Directors Contact ACN 123 591 382 973.8m shares Level 1 Mr Kris Knauer, MD and CEO T: +61 8 6380 9235 ASX: CEL 49.6m options 1205 Hay Street Mr Scott Funston, Finance Director E: [email protected] 120m perf shares West Perth WA 6005 Mr Fletcher Quinn , Chairman 16m perf rights
www.challengerex.com
ASX Release 19 October 2021
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Additionally, each of GNDD-306 to GNDD-338 intersected a shallower zone of mineralisation hosted in intrusives that extend to surface, above the deeper sediment hosted mineralisation. Intercepts in the shallower intrusives included 25.0 metres at 0.6 g/t AuEq (0.5 g/t gold, 5.8 g/t silver, 0.1% zinc) from 78.0.3m including 8.0m at 1.2 g/t AuEq (1.0 g/t gold, 13.9 g/t silver, 0.2% zinc) in GNDD-306 and 22.0 metres at 0.5 g/t AuEq (0.4 g/t gold, 0.8 g/t silver) from 5.0m including 2.0m at 2.3 g/t AuEq (2.3 g/t gold, 1.2 g/t silver) in GNDD-311. At the Verde Zone, a lesser mineralised zone of intrusives is often seen above the sediments with the main intrusion-hosted mineralisation found in a second deeper zone of intrusives under the mineralised sediment halo.
A series of deeper holes are planned to test below GNDD-306, GNDD-311, GNDD-316, and GNDD-338. The first of these holes GNDD-432, which was collared to test 100 metres downdip of GNDD-311, is presently at a depth of170 metres.
Ends
This ASX announcement was approved and authorised by the Board.
For further information contact:
Kris Knauer Scott Funston Media Enquiries Managing Director Chief Financial Officer Jane Morgan +61 411 885 979 +61 413 867 600 + 61 405 555 618 [email protected] [email protected] [email protected]
Previous announcements referred to in this release include:
30 DEC 2019 - CEL RECEIVES FURTHER OUTSTANDING RESULTS FROM HUALILAN
17 JUNE 2020 - CEL CONTINUES TO RECEIVE OUTSTANDING HIGH-GRADE RESULTS FROM SECOND DRILLING PROGRAM AT THE HUALILAN GOLD PROJECT
23 Nov 2020 - MULTIPLE HIGH-GRADE INTERCEPTS IN EXPLORATION DRILLING AT HUALILAN
29 Jan 2021 - DRILLING CONTINUES TO EXTEND THE BOUNDARIES OF THE HIGH-GRADE MINERALISATION AT HUALILAN GOLD PROJECT
20 Apr 2021 - NEW ZONE OF HIGH-GRADE MINERALISATION EXTENDS STRIKE EXTENT AT HUALILAN GOLD PROJECT BY ALMOST 50 PERCENT 12 Aug 2021 - HUALILAN DRILLING CONFIRMS A SECOND DEEPER ZONE AND DOUBLES THE VERTICAL EXTENT OF HIGH-GRADE MINERALISATION AT SENTAZON
20 AUG 2021 - ONGOING SUCCESS AT HUALILAN WITH 2.8M AT 62.5G/T AUEQ2 IN FIRST DEEP SENTAZON DRILL HOLE SIGNIFICANTLY EXTENDING MINERALISATION
ASX: CEL
Issued Capital 973.8m shares 49.6m options
120m perf shares 16m perf rights
Australian Registered Office Level 1 1205 Hay Street West Perth WA 6005
Directors
Contact
Challenger Exploration Limited ACN 123 591 382
Mr Kris Knauer, MD and CEO T: +61 8 6380 9235 Mr Scott Funston, Finance Director E: [email protected] Mr Fletcher Quinn , Chairman
www.challengerex.com
ASX Release 19 October 2021
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Challenger Exploration Limited ACN 123 591 382 ASX: CEL
Issued Capital Australian Registered Office Directors Contact 973.8m shares Level 1 Mr Kris Knauer, MD and CEO T: +61 8 6380 9235 49.6m options 1205 Hay Street Mr Scott Funston, Finance Director E: [email protected] 120m perf shares West Perth WA 6005 Mr Fletcher Quinn , Chairman 16m perf rights
www.challengerex.com
ASX Release 19 October 2021
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Table 1: New intercepts reported at Sentazon.
| Drill Hole | From | To | Interval | Gold | Ag | Zn | AuEq | Comments | Total intercept |
|---|---|---|---|---|---|---|---|---|---|
| (#) | (m) | (m) | (m) | (g/t) | (g/t) | (%) | (g/t) | (gram metres) | |
| GNDD044e and inc and |
213.0 230.0 233.0 291.2 |
217.6 240.2 237.5 291.8 |
4.6 10.2 4.5 0.6 |
24.3 12.5 23.6 5.4 |
23.0 10.6 14.1 8.3 |
2.2 3.5 4.3 0.1 |
25.6 14.2 25.6 5.6 |
10 g/t AuEq cut 1.0 g/t AuEq cut 10 g/t AuEq cut 1.0g/t AuEqcut |
117.7 144.4 115.4 3.4 |
| GNDD306 inc and inc inc inc |
78.0 84.0 213.3 213.3 222.7 234.0 |
103.0 92.0 242.0 215.0 224.4 236.0 |
25.0 8.0 28.8 1.8 1.7 2.0 |
0.5 1.0 0.5 1.0 2.5 1.7 |
5.8 13.9 8.2 18.1 63.1 21.5 |
0.1 0.2 0.3 0.0 3.0 1.0 |
0.6 1.2 0.7 1.2 4.6 2.4 |
0.2 g/t AuEq cut 1.0 g/t AuEq cut 0.2 g/t AuEq cut 1.0 g/t AuEq cut 1.0 g/t AuEq cut 1.0g/t AuEqcut |
14.9 9.8 19.8 2.2 7.8 4.8 |
| GNDD311 inc and and inc |
5.0 23.0 45.0 176.0 191.0 |
27.0 25.0 49.0 197.0 195.5 |
22.0 2.0 4.0 21.0 4.5 |
0.4 2.3 0.6 0.2 0.3 |
0.8 1.2 0.3 3.2 6.5 |
0.0 0.0 0.0 0.1 0.4 |
0.5 2.3 0.6 0.3 0.6 |
0.2 g/t AuEq cut 1.0 g/t AuEq cut 0.2 g/t AuEq cut 0.2 g/t AuEq cut 1.0g/t AuEqcut |
10.2 4.6 2.3 0.0 2.6 |
| GNDD316 and inc inc inc |
102.0 286.0 286.0 306.0 316.0 |
106.0 320.0 288.0 308.0 318.0 |
4.0 34.0 2.0 2.0 2.0 |
0.3 0.3 1.3 0.6 1.4 |
11.2 4.7 28.0 9.6 4.4 |
0.3 0.1 0.1 0.9 0.0 |
0.6 0.4 1.7 1.2 1.5 |
0.2 g/t AuEq cut 0.2 g/t AuEq cut 1.0 g/t AuEq cut 1.0 g/t AuEq cut 1.0g/t AuEqcut |
2.2 14.4 3.4 2.3 2.9 |
| GNDD338 and |
9.00 190.00 |
13.00 210.00 |
4.00 20.00 |
0.36 0.40 |
2.55 6.12 |
0.02 0.08 |
0.40 0.51 |
0.2 g/t AuEq cut 0.2g/t AuEqcut |
1.60 10.18 |
| GNDD346 inc |
77.0 80.0 |
81.7 81.7 |
4.7 1.7 |
0.7 1.8 |
4.1 2.1 |
0.4 0.2 |
0.9 1.9 |
0.2 g/t AuEq cut 1.0g/t AuEqcut |
4.3 3.2 |
| GNDD352 inc and inc inc |
143.5 146.0 301.0 302.0 325.0 |
154.8 150.0 304.0 303.0 326.0 |
11.3 4.0 3.0 1.0 1.0 |
5.4 10.6 0.4 1.0 8.9 |
76.9 140.8 4.4 9.9 5.4 |
5.5 11.7 0.3 0.6 3.0 |
8.8 17.4 0.6 1.4 10.3 |
1.0 g/t AuEq cut 10 g/t AuEq cut 0.2 g/t AuEq cut 1.0 g/t AuEq cut 10g/t AuEqcut |
99.1 69.7 1.9 1.4 10.3 |
| GNDD362 and inc and inc and and inc |
191.0 237.9 239.1 401.6 402.3 415.3 423.6 425.0 |
208.0 240.4 240.4 405.1 404.5 416.5 426.3 425.6 |
17.0 2.5 1.3 3.5 2.2 1.1 2.8 0.6 |
0.2 2.1 3.8 5.4 8.4 2.2 0.2 0.1 |
8.3 77.6 137.6 9.4 12.1 6.7 4.2 7.5 |
0.0 11.1 21.2 3.9 6.1 1.3 1.7 5.8 |
0.3 7.9 14.7 7.2 11.2 2.8 1.0 2.8 |
0.2 g/t AuEq cut 0.2 g/t AuEq cut 1.0 g/t AuEq cut 0.2 g/t AuEq cut 1.0 g/t AuEq cut 1.0 g/t AuEq cut 0.2 g/t AuEq cut 1.0g/t AuEqcut |
5.2 19.6 19.1 25.1 24.6 3.2 2.7 1.7 |
See below for information regarding AuEq's reported under the JORC Code.
2 Gold Equivalent (AuEq) values - Requirements under the JORC Code
-
Assumed commodity prices for the calculation of AuEq is Au US$1780 Oz, Ag US$24 Oz, Zn US$2,800 /t
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Metallurgical recoveries for Au, Ag and Zn are estimated to be 89%, 84% and 79% respectively (see JORC Table 1 Section 3 Metallurgical assumptions ) based on metallurgical test work.
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The formula used: AuEq (g/t) = Au (g/t) + [Ag (g/t) x (24/1780) x (0.84/0.89)] + [Zn (%) x (28.00*31.1/1780) x (0.79/0.89)]
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CEL confirms that it is the Company’s opinion that all the elements included in the metal equivalents calculation have a reasonable potential to be recovered and sold.
________________
Issued Capital 973.8m shares 49.6m options
120m perf shares 16m perf rights
Australian Registered Office Level 1 1205 Hay Street
West Perth WA 6005
Directors
Mr Kris Knauer, MD and CEO Mr Scott Funston, Finance Director Mr Fletcher Quinn , Chairman
Challenger Exploration Limited ACN 123 591 382 ASX: CEL
Contact
T: +61 8 6380 9235 E: [email protected]
www.challengerex.com
ASX Release 19 October 2021
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About Challenger Exploration
Challenger Exploration Limited’s (ASX: CEL) aspiration is to become a globally significant gold producer. The Company is developing two complementary gold/copper projects in South America. The strategy for the 100% owned Hualilan Gold project is for it to provide a high-grade low capex operation in the near term. This underpins CEL with a low risk, high margin source of cashflow while it prepares for a much larger bulk gold operation at both Hualilan and El Guaybo in Ecuador.
The Company is fully funded for the next 2 years with cash at bank of $36 million and it has committed to a 9-rig 120,000 metre drill program at its Flagship Hualilan Gold project.
- Hualilan Gold Project , located in San Juan Province Argentina, is a near term development opportunity. It has extensive historical drilling with over 150 drill-holes and a non-JORC historical resource[(1)] of 627,000 Oz @ 13.7 g/t gold which remains open in most directions. The project was locked up in a dispute for the past 15 years and as a consequence had seen no modern exploration until CEL acquired the project in 2019. In the past 2 years CEL has completed 400 drill holes for more than 95,000 metres of drilling. Results have included 6.1m @ 34.6 g/t Au, 21.9 g/t Ag, 2.9% Zn , 6.7m @ 14.3 g/t Au, 140 g/t Ag, 7.3% Zn and 10.3m @ 10.4 g/t Au, 28 g/t Ag, 4.6% Zn . This drilling intersected high-grade gold over 2.5 kilometres of strike and extended the known mineralisation along strike and at depth in multiple locations. Recent drilling has demonstrated the high-grade skarn mineralisation is underlain by a significant intrusion-hosted gold system with intercepts including 209.0m at 1.0 g/t Au, 1.4 g/t Ag, 0.1% Zn and 110.5m at 2.5 g/t Au, 7.4 g/t Au, 0.90% Zn in intrusives. CEL's current program which is fully funded includes a 120,000 metres of drilling, metallurgical test work of key ore types, and an initial JORC Compliant Resource and PFS.
2. El Guayabo Gold/Copper Project covers 35 sq kms in southern Ecuador and was last drilled by Newmont Mining in 1997 targeting gold in hydrothermal breccias. Historical drilling has demonstrated potential to host significant gold and associated copper and silver mineralisation. Historical intersections include 156m @ 2.6 g/t Au, 9.7 g/t Ag, 0.2% Cu and 112m @ 0.6 % Cu, 0.7 g/t Au, 14.7 g/t Ag which have never been followed up. The Project has multiple targets including breccia hosted mineralisation, an extensive flat lying late-stage vein system and an underlying porphyry system target, neither of which has been drill tested. CEL's first results confirm the discovery of large-scale gold system with over 250 metres of bulk gold mineralisation encountered in drill hole ZK-02 which contains a significant highgrade core of 134m at 1.0 g/t gold and 4.1 g/t silver including 63m at 1.6 g/t gold and 5.1 g/t silver . CEL Is currently undertaking its maiden 20,000 metre drill program at El Guayabo.
Issued Capital 973.8m shares 49.6m options
120m perf shares 16m perf rights
Australian Registered Office Level 1 1205 Hay Street West Perth WA 6005
Directors
Contact
Mr Kris Knauer, MD and CEO T: +61 8 6380 9235 Mr Scott Funston, Finance Director E: [email protected] Mr Fletcher Quinn , Chairman
Challenger Exploration Limited ACN 123 591 382 ASX: CEL
www.challengerex.com
ASX Release 19 October 2021
==> picture [130 x 66] intentionally omitted <==
Foreign Resource Estimate Hualilan Project
| La Mancha Resources 2003 foreign resource estimate for the Hualilan Project ^ | La Mancha Resources 2003 foreign resource estimate for the Hualilan Project ^ | La Mancha Resources 2003 foreign resource estimate for the Hualilan Project ^ | |
|---|---|---|---|
| Category | Tonnes (kt) |
Gold Grade (g/t) |
Contained Gold (koz) |
| Measured | 218 | 14.2 | 100 |
| Indicated | 226 | 14.6 | 106 |
| Total of Measured & Indicated | 445 | 14.4 | 206 |
| Inferred | 977 | 13.4 | 421 |
| Measured, Indicated & Inferred | 1,421 | 13.7 | 627 |
^ Source: La Mancha Resources Toronto Stock Exchange Release dated 14 May 2003 -Independent Report on Gold Resource Estimate. Rounding errors may be present. Troy ounces (oz) tabled here
#1 For details of the foreign non-JORC compliant resource and to ensure compliance with LR 5.12 please refer to the Company's ASX Release dated 25 February 2019. These estimates are foreign estimates and not reported in accordance with the JORC Code. A competent person has not done sufficient work to clarify the foreign estimates as a mineral resource in accordance with the JORC Code. It is uncertain that following evaluation and/or further exploration work that the foreign estimate will be able to be reported as a mineral resource. The company is not in possession of any new information or data relating to the foreign estimates that materially impact on the reliability of the estimates that materially impacts on the reliability of the estimates or CEL's ability to verify the foreign estimates estimate as minimal resources in accordance with Appendix 5A (JORC Code). The company confirms that the supporting information provided in the initial market announcement on February 25, 2019 continues to apply and is not materially changed.
Competent Person Statement – Exploration results
The information that relates to sampling techniques and data, exploration results and geological interpretation has been compiled Dr Stuart Munroe , BSc (Hons), PhD (Structural Geology), GDip (AppFin&Inv) who is a fulltime employee of the Company. Dr Munroe is a Member of the AusIMM. Dr Munroe has over 20 years’ experience in the mining and metals industry and qualifies as a Competent Person as defined in the JORC Code (2012).
Dr Munroe has sufficient experience of relevance to the styles of mineralisation and the types of deposits under consideration, and to the activities undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results. Dr Munroe consents to the inclusion in this report of the matters based on information in the form and context in which it appears. The Australian Securities Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release.
Competent Person Statement – Foreign Resource Estimate
The information in this release provided under ASX Listing Rules 5.12.2 to 5.12.7 is an accurate representation of the available data and studies for the material mining project. The information that relates to Mineral Resources has been compiled by Dr Stuart Munroe , BSc (Hons), PhD (Structural Geology), GDip (AppFin&Inv) who is a full-time employee of the Company. Dr Munroe is a Member of the AusIMM. Dr Munroe has over 20 years’ experience in the mining and metals industry and qualifies as a Competent Person as defined in the JORC Code (2012).
Dr Munroe and has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration to qualify as Competent Person as defined in the 2012 Edition of the JORC Code for Reporting of, Mineral Resources and Ore Reserves. Dr Munroe consents to the inclusion in this report of the matters based on information in the form and context in which it appears. The Australian Securities Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release.
Challenger Exploration Limited Issued Capital ACN 123 591 382 973.8m shares ASX: CEL 49.6m options 120m perf shares
Australian Registered Office Level 1 1205 Hay Street West Perth WA 6005
Directors
Contact
Mr Kris Knauer, MD and CEO T: +61 8 6380 9235 Mr Scott Funston, Finance Director E: [email protected] Mr Fletcher Quinn , Chairman
16m perf rights
www.challengerex.com
JORC Code, 2012 Edition – Table 1 report template
Section 1 Sampling Techniques and Data -Hualilan Project
(Criteria in this section apply to all succeeding sections.)
| Criteria | JORC Code explanation | JORC Code explanation | Commentary |
|---|---|---|---|
| Sampling | - | Nature and quality of sampling (eg | For historic exploration data, there is little information provided by previous explorers to detail sampling techniques. Drill |
| techniques | cut channels, random chips, or specific specialised industry standard |
core was cut with a diamond saw longitudinally and one half submitted for assay. Assay was generally done for Au. In some drill campaigns, Ag and Zn were also analysed. There is limited multielement data available. No information is |
|
| measurement tools appropriate to | available for RC drill techniques and sampling. | ||
| the minerals under investigation, | For CEL drilling, diamond core (HQ3) was cut longitudinally on site using a diamond saw. Samples lengths are from 0.5m to | ||
| such as down hole gamma sondes, | 2.0m in length (average 1m), taken according to lithology, alteration, and mineralization contacts. | ||
| or handheld XRF instruments, etc). | |||
| These examples should not be taken as limiting the broad meaning of |
For CEL reverse circulation (RC) drilling, 2-4 kg sub-samples from each 1m drilled are collected from a face sample recovery cyclone mounted on the drill machine. |
||
| sampling. | CEL channel samples are cut into underground or surface outcrop using a hand-held diamond edged cutting tool. Parallel | ||
| - | Include reference to measures taken | saw cuts 3-5cm apart are cut 2-4cm deep into the rock which allows for the extraction of a representative sample using | |
| to ensure sample representivity and | and hammer and chisel. The sample is collected onto a plastic mat and collected into a sample bag. | ||
| - | the appropriate calibration of any measurement tools or systems used. Aspects of the determination of mineralisation that are Material to |
Core and channel samples were crushed to approximately 85% passing 2mm. A 500g or a 1 kg sub-sample was taken and pulverized to 85% passing 75µm. A 50g charge was analysed for Au by fire assay with AA determination. Where the fire assay grade is > 10 g/t gold, a 50g charge was analysed for Au by Fire assay with gravimetric determination. |
|
| the Public Report. | A 10g charge was analysed for at least 48 elements by 4-acid digest and ICP-MS determination. Elements determined | ||
| - | In cases where ‘industry standard’ | were Ag, As, Ba, Be, Bi, Ca, Ce, Co, Cr, Cs, Cu, Fe, Ga, Ge, Hf, In, K, La, Li, Mg, Mn, Mo, Na, Nb, Ni, P, Pb, Rb, Re, S, Sb Sc, Se, | |
| work has been done this would be | Sn, Sr, Ta, Te, Th, Ti, Tl, U, V, W, Y, Zn and Zr. | ||
| relatively simple (eg ‘reverse | Ag > 100 g/t, Zn, Pb and Cu > 10,000 ppm and S > 10% were re-analysed by the same method using a different calibration. | ||
| circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g |
Sample intervals were selected according to geological boundaries. There was no coarse or visible gold observed in any of the core or channel samples. |
||
| charge for fire assay’). In other | |||
| cases, more explanation may be | |||
| required, such as where there is | |||
| coarse gold that has inherent | |||
| sampling problems. Unusual | |||
| commodities or mineralisation types | |||
| (eg submarine nodules) may | |||
| warrant disclosure of detailed | |||
| information. |
Challenger Exploration Limited
Issued Capital
ACN 123 591 382 973.8m shares ASX: CEL
49.6m options 120m perf shares
Australian Registered Office
Directors
Contact
Level 1 Mr Kris Knauer, MD and CEO T: +61 8 6380 9235 1205 Hay Street Mr Scott Funston, Finance Director E: [email protected] West Perth WA 6005 Mr Fletcher Quinn , Chairman
16m perf rights
www.challengerex.com
| Criteria JORC Code explanation |
Commentary |
|---|---|
| Drilling techniques - Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard tube, depth of diamond tails, face- sampling bit, or other type, whether core is oriented and if so, by what method, etc). |
Collar details for diamond core drilling (DD) and reverse circulation (RC) historic drilling campaigns is provided below from archival data cross checked with drill logs and available plans and sections where available. Collars shown below are in WGS84, zone 19s which is the standard projection used by CEL for the Project. Collar locations have been check surveyed using differential GPS (DGPS) by CEL to verify if the site coincides with a marked collar or tagged drill site. In most cases the drill collars coincide with historic drill site, some of which (but not all) are tagged. The collar check surveys were reported in POSGAR (2007) projection and converted to WGS84. Hole_id Type East (m) North (m) Elevation (m ASL) Azimuth (°) Dip (°) Depth (m) Date AG01 DD 2504908.0 6602132.3 1807.6 000 -90 84.5 Jan-84 AG02 DD 2504846.5 6602041.1 1803.4 112 -70 60.0 Jan-84 AG03 DD 2504794.5 6601925.6 1803.1 080 -55 110.0 Jan-84 AG04 DD 2504797.1 6602065.5 1806.6 000 -90 168.0 Jan-84 AG05 DD 2504843.5 6601820.3 1798.1 000 -90 121.8 Jan-84 AG06 DD 2504781.9 6601922.8 1803.8 000 -90 182.2 Jan-84 AG07 DD 2504826.3 6601731.0 1796.9 000 -90 111.5 Jan-84 AG08 DD 2504469.8 6600673.7 1779.7 090 -57 80.2 Jan-84 AG09 DD 2504455.7 6600458.5 1772.6 000 -90 139.7 Jan-84 AG10 DD 2504415.5 6600263.9 1767.7 000 -90 200.8 Jan-84 AG11 DD 2504464.8 6600566.5 1775.9 000 -90 141.0 Jan-84 AG12 DD 2504847.6 6602161.7 1808.8 000 -90 171.4 Jan-84 AG13 DD 2504773.6 6601731.3 1798.7 000 -90 159.5 Jan-84 AG14 DD 2504774.7 6601818.8 1801.2 000 -90 150.2 Jan-84 AG15 DD 2504770.7 6601631.4 1796.7 000 -90 91.3 Jan-84 AG16 DD 2504429.5 6600665.8 1779.8 000 -90 68.8 Jan-84 Hole_id Type East (m) North (m) Elevation (m ASL) Azimuth (°) Dip (°) Depth (m) Date MG01 RC 2504825.5 6602755.4 1800.0 100 -60 51.0 Jan-95 MG01A RC 2504810.5 6602755.4 1800.0 100 -60 116.0 Jan-95 MG02 RC 2504835.5 6602805.4 1800.0 100 -60 90.0 Jan-95 MG03 RC 2504853.5 6602880.4 1795.0 100 -60 102.0 Jan-95 MG04 RC 2504843.5 6602975.4 1800.0 100 -60 120.0 Jan-95 MG05 RC 2506130.5 6605055.4 1750.0 85 -60 96.0 Jan-95 MG06 RC 2506005.5 6605115.4 1750.0 100 -60 90.0 Jan-95 MG07 RC 2506100.5 6605015.4 1750.0 100 -60 96.0 Jan-95 MG08 RC 2505300.5 6603070.4 1740.0 95 -70 66.0 Jan-95 MG09 RC 2505285.5 6603015.4 1740.0 0 -90 102.0 Jan-95 |
Challenger Exploration Limited ACN 123 591 382 ASX: CEL
Issued Capital
973.8m shares 49.6m options 120m perf shares
Australian Registered Office Level 1 1205 Hay Street West Perth WA 6005
Directors
Mr Kris Knauer, MD and CEO Mr Scott Funston, Finance Director Mr Fletcher Quinn , Chairman
Contact
T: +61 8 6380 9235
16m perf rights
www.challengerex.com
| Criteria JORC Code explanation |
Commentary |
|---|---|
| MG10 RC 2505025.5 6600225.4 1724.0 100 -60 120.0 Jan-95 MG11 RC 2503380.5 6598560.5 1740.0 100 -60 78.0 Jan-95 MG12 RC 2503270.5 6597820.5 1740.0 100 -60 66.0 Jan-95 Hole_id Type East (m) North (m) Elevation (m ASL) Azimuth (°) Dip (°) Depth (m) Date Hua01 RC 2504845.3 6602041.2 1809.7 117 -50 60.0 1999 Hua02 RC 2504889.5 6602081.1 1809.7 125 -55 45.0 1999 Hua03 RC 2505003.3 6602158.6 1810.7 000 -90 100.0 1999 Hua04 RC 2504873.3 6602169.1 1809.7 000 -90 100.0 1999 Hua05 RC 2505003.2 6602152.6 1810.7 180 -60 100.0 1999 Hua06 RC 2505003.3 6602161.6 1810.7 360 -60 100.0 1999 Hua07 RC 2504967.7 6602153.2 1810.2 000 -90 100.0 1999 Hua08 RC 2504973.2 6602153.7 1810.2 000 -90 13.0 1999 Hua09 RC 2504940.7 6602150.3 1809.7 180 -60 100.0 1999 Hua10 RC 2504941.8 6602156.8 1809.7 360 -60 100.0 1999 Hua11 RC 2504913.3 6602167.4 1809.7 360 -60 88.0 1999 Hua12 RC 2504912.8 6602165.9 1809.7 000 -90 100.0 1999 Hua13 RC 2504912.3 6602156.9 1809.7 180 -60 90.0 1999 Hua14 RC 2504854.3 6602168.2 1809.7 360 -60 100.0 1999 Hua15 RC 2504854.8 6602166.2 1809.7 117 -60 100.0 1999 Hua16 RC 2504834.2 6601877.8 1800.7 000 -90 100.0 1999 Hua17 RC 2504865.9 6602449.8 1814.1 90 -50 42.0 1999 Hua20 RC 2504004.1 6600846.4 1792.7 000 -90 106.0 1999 Hua21 RC 2504552.9 6600795.0 1793.9 000 -90 54.0 1999 Hole_id Type East (m) North (m) Elevation (m ASL) Azimuth (°) Dip (°) Depth (m) Date DDH20 DD 2504977.3 6602133.3 1804.8 116 -54 49.1 1999-00 DDH21 DD 2504978.3 6602118.3 1804.8 000 -90 88.6 1999-00 DDH22 DD 2504762.9 6601587.1 1769.8 116 -65 66.0 1999-00 DDH23 DD 2504920.4 6601994.3 1767.9 000 -90 58.8 1999-00 DDH24 DD 2504821.0 6601938.8 1802.0 116 -80 100.3 1999-00 DDH25 DD 2504862.6 6601964.5 1803.7 116 -74 49.2 1999-00 DDH26 DD 2504920.4 6601975.3 1795.0 312 -60 80.3 1999-00 DDH27 DD 2504752.7 6601565.1 1806.6 116 -60 43.2 1999-00 DDH28 DD 2505003.6 6602174.3 1806.6 116 -50 41.7 1999-00 |
Issued Capital
973.8m shares
49.6m options
120m perf shares
Australian Registered Office Level 1 1205 Hay Street West Perth WA 6005
Directors
Mr Kris Knauer, MD and CEO Mr Scott Funston, Finance Director Mr Fletcher Quinn , Chairman
Contact
T: +61 8 6380 9235
16m perf rights
Challenger Exploration Limited ACN 123 591 382 ASX: CEL
www.challengerex.com
| Criteria | JORC Code explanation | Commentary | Commentary | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| DDH29 | DD | 2504964.1 | 6602136.6 | 1810.0 | 350 | -52 | 113.5 | 1999-00 | ||
| DDH30 | DD | 2505004.1 | 6602156.3 | 1809.3 | 059 | -85 | 62.1 | 1999-00 | ||
| DDH31 | DD | 2504897.6 | 6602112.7 | 1808.1 | 116 | -75 | 41.4 | 1999-00 | ||
| DDH32 | DD | 2504939.4 | 6602139.2 | 1809.1 | 350 | -51 | 100.7 | 1999-00 | ||
| DDH33 | DD | 2504939.4 | 6602139.2 | 1809.1 | 350 | -65 | 62.9 | 1999-00 | ||
| DDH34 | DD | 2504826.5 | 6601920.2 | 1801.3 | 116 | -70 | 69.4 | 1999-00 | ||
| DDH35 | DD | 2505003.9 | 6602156.7 | 1808.8 | 310 | -85 | 174.6 | 1999-00 | ||
| DDH36 | DD | 2504637.5 | 6600777.3 | 1799.9 | 330 | -50 | 45.5 | 1999-00 | ||
| DDH37 | DD | 2504826.5 | 6601920.2 | 1809.4 | 000 | -90 | 121.0 | 1999-00 | ||
| DDH38 | DD | 2504820.8 | 6601912.2 | 1801.1 | 116 | -75 | 67.7 | 1999-00 | ||
| DDH39 | DD | 2504820.8 | 6601912.2 | 1801.1 | 116 | -81 | 90.7 | 1999-00 | ||
| DDH40 | DD | 2504832.3 | 6601928.1 | 1801.7 | 116 | -70 | 85.7 | 1999-00 | ||
| DDH41 | DD | 2504837.8 | 6601937.5 | 1801.6 | 116 | -70 | 64.2 | 1999-00 | ||
| DDH42 | DD | 2504829.2 | 6601952.5 | 1801.8 | 116 | -60 | 65.1 | 1999-00 | ||
| DDH43 | DD | 2504829.2 | 6601952.5 | 1801.8 | 116 | -70 | 70.8 | 1999-00 | ||
| DDH44 | DD | 2504811.3 | 6601895.1 | 1802.0 | 116 | -60 | 102.2 | 1999-00 | ||
| DDH45 | DD | 2504811.3 | 6601895.1 | 1802.0 | 116 | -83 | 95.3 | 1999-00 | ||
| DDH46 | DD | 2504884.4 | 6601976.3 | 1805.9 | 116 | -45 | 71.6 | 1999-00 | ||
| DDH47 | DD | 2504884.4 | 6601976.3 | 1805.9 | 116 | -65 | 71.0 | 1999-00 | ||
| DDH48 | DD | 2504866.9 | 6601962.7 | 1803.1 | 116 | -47 | 30.7 | 1999-00 | ||
| DDH49 | DD | 2504866.9 | 6601962.7 | 1803.1 | 116 | -72 | 41.9 | 1999-00 | ||
| DDH50 | DD | 2504821.4 | 6601913.9 | 1801.1 | 116 | -77 | 87.5 | 1999-00 | ||
| DDH51 | DD | 2504821.4 | 6601913.9 | 1801.1 | 116 | -80 | 87.5 | 1999-00 | ||
| DDH52 | DD | 2504825.5 | 6601901.1 | 1800.9 | 116 | -83 | 74.0 | 1999-00 | ||
| DDH53 | DD | 2504504.1 | 6600714.0 | 1788.7 | 090 | -62 | 85.7 | 1999-00 | ||
| DDH54 | DD | 2504504.1 | 6600714.0 | 1788.7 | 090 | -45 | 69.1 | 1999-00 | ||
| DDH55 | DD | 2504997.9 | 6602163.5 | 1808.6 | 360 | -53 | 63.1 | 1999-00 | ||
| DDH56 | DD | 2504943.1 | 6602171.3 | 1810.5 | 360 | -75 | 50.6 | 1999-00 | ||
| DDH57 | DD | 2504943.1 | 6602171.3 | 1810.5 | 000 | -90 | 66.2 | 1999-00 | ||
| DDH58 | DD | 2504970.3 | 6602153.3 | 1809.1 | 360 | -71 | 62.0 | 1999-00 | ||
| DDH59 | DD | 2504970.3 | 6602153.3 | 1809.1 | 000 | -90 | 66.3 | 1999-00 | ||
| DDH60 | DD | 2504997.9 | 6602162.5 | 1809.0 | 360 | -67 | 59.9 | 1999-00 | ||
| DDH61 | DD | 2504997.9 | 6602162.5 | 1809.0 | 000 | -90 | 58.1 | 1999-00 | ||
| DDH62 | DD | 2504751.4 | 6601602.6 | 1789.2 | 170 | -45 | 68.4 | 1999-00 | ||
| DDH63 | DD | 2504751.4 | 6601602.6 | 1789.2 | 170 | -70 | 131.5 | 1999-00 | ||
| DDH64 | DD | 2504776.3 | 6601596.9 | 1789.1 | 170 | -45 | 66.7 | 1999-00 | ||
| DDH65 | DD | 2504552.7 | 6600792.0 | 1793.8 | 194 | -45 | 124.8 | 1999-00 | ||
| DDH66 | DD | 2504552.7 | 6600792.0 | 1793.8 | 194 | -57 | 117.0 | 1999-00 |
Issued Capital
973.8m shares 49.6m options 120m perf shares
Australian Registered Office Level 1 1205 Hay Street West Perth WA 6005
Directors
Mr Kris Knauer, MD and CEO Mr Scott Funston, Finance Director Mr Fletcher Quinn , Chairman
Contact
T: +61 8 6380 9235
16m perf rights
Challenger Exploration Limited ACN 123 591 382 ASX: CEL
www.challengerex.com
| Criteria JORC Code explanation |
Commentary |
|---|---|
| DDH67 DD 2504552.7 6600792.0 1793.8 194 -66 126.1 1999-00 DDH68 DD 2504623.9 6600779.0 1800.7 000 -90 79.5 1999-00 DDH69 DD 2504623.9 6600779.0 1800.7 194 -60 101.5 1999-00 DDH70 DD 2504595.5 6600797.7 1798.1 190 -81 128.0 1999-00 DDH71 DD 2504631.6 6600797.4 1799.0 194 -63 136.3 1999-00 DDH72 DD 2504547.2 6600764.1 1799.6 194 -45 75.6 1999-00 DDH73 DD 2504593.4 6600766.5 1807.5 190 -57 70.8 1999-00 DDH74 DD 2504598.2 6600831.8 1795.3 190 -62 190.9 1999-00 DDH75 DD 2504731.2 6600784.7 1821.4 194 -45 40.2 1999-00 DDH76 DD 2504731.2 6600784.7 1821.4 180 -60 138.7 1999-00 DDH77 DD 2504734.1 6600785.0 1821.6 000 -90 85.6 1999-00 DDH78 DD 2504731.2 6600784.7 1821.4 180 -75 132.9 1999-00 DDH79 DD 2504721.6 6600790.1 1820.4 060 -70 38.6 1999-00 Hole_id Type East (m) North (m) Elevation (m ASL) Azimuth (°) Dip (°) Depth (m) 03HD01A DD 2504627.8 6600800.1 1798.4 180 -60 130.2 03HD02 DD 2504457.9 6600747.8 1782.9 180 -60 130.5 03HD03 DD 2504480.1 6600448.6 1774.0 360 -45 100.2 04HD04 DD 2504436.6 6600439.3 1773.4 360 -60 104.6 04HD05 DD 2504420.9 6600256.8 1769.5 110 -68 122.6 04HD06 DD 2504428.6 6600236.6 1768.1 110 -68 136.0 04HD07 DD 2504415.7 6600277.7 1769.0 100 -63 108.2 04HD08 DD 2504826.5 6601920.2 1801.3 116 -70 70.0 04HD09 DD 2504832.3 6601928.1 1801.7 116 -70 75.9 04HD10 DD 2504648.5 6600788.9 1801.5 205 -60 120.0 04HD11 DD 2504462.0 6600428.3 1773.6 075 -62 95.1 04HD12 DD 2504449.3 6600648.9 1779.6 360 -60 77.4 04HD13 DD 2504434.5 6600646.6 1779.7 360 -60 74.0 04HD14 DD 2504461.1 6600748.4 1783.1 180 -70 130.6 04HD15 DD 2504449.9 6600646.2 1779.6 360 -64 160.0 04HD16C DD 2504457.1 6600311.7 1770.3 195 -65 225.5 04HD17 DD 2504417.5 6600256.6 1769.5 110 -72 213.2 04HD18 DD 2504528.5 6600792.0 1791.9 170 -50 140.7 04HD19 DD 2504648.5 6600788.9 1801.5 205 -77 120.0 04HD20 DD 2504648.5 6600788.9 1801.5 205 -80 120.0 04HD21 DD 2504648.5 6600788.9 1801.5 205 -60 120.0 04HD23 DD 2504441.0 6600456.0 1772.5 075 -82 499.7 |
Challenger Exploration Limited ACN 123 591 382 ASX: CEL
Issued Capital
973.8m shares 49.6m options 120m perf shares
Australian Registered Office Level 1 1205 Hay Street West Perth WA 6005
Directors
Mr Kris Knauer, MD and CEO Mr Scott Funston, Finance Director Mr Fletcher Quinn , Chairman
Contact
T: +61 8 6380 9235
16m perf rights
www.challengerex.com
| Criteria JORC Code explanation |
Commentary |
|---|---|
| 04HD24 DD 2504389.0 6600252.0 1766.5 090 -81 188.2 04HD25 DD 2504456.0 6600294.0 1768.5 155 -84 500.8 04HD26 DD 2504424.0 6600409.0 1771.5 180 -69 464.9 04HD27 DD 2504461.0 6600428.0 1773.0 100 -45 60.0 04HD28 DD 2504461.0 6600428.0 1773.0 100 -60 63.7 04HD29 DD 2504438.0 6600087.0 1764.5 108 -45 265.0 04HD30 DD 2504421.0 6600044.0 1764.0 108 -45 128.2 04HD31 DD 2504687.0 6601326.0 1794.0 045 -60 242.9 04HD32 DD 2504828.0 6601916.0 1801.3 116 -70 68.4 05HD33 DD 2505410.0 6601983.0 1765.0 000 -60 81.4 05HD34 DD 2505451.0 6602079.0 1763.0 273 -60 269.0 05HD35 DD 2504905.0 6601689.0 1794.0 140 -65 350.0 05HD36 DD 2504880.0 6601860.0 1802.0 295 -70 130.0 05HD37 DD 2504866.0 6601888.0 1797.0 295 -70 130.0 05HD38 DD 2504838.0 6601937.0 1796.0 115 -70 70.0 05HD39 DD 2504964.0 6602128.0 1814.0 030 -70 217.5 05HD40 DD 2504964.0 6602128.0 1814.0 030 -50 150.0 05HD41 DD 2504931.0 6602125.0 1812.0 022 -60 142.5 05HD42 DD 2504552.7 6600791.5 1797.0 194 -57 120.0 05HD43 DD 2504552.7 6600791.5 1797.0 194 -45 95.5 05HD44 DD 2504603.0 6600799.0 1798.0 190 -61.5 130.5 05HD45 DD 2504362.0 6600710.0 1767.0 088 -60 121.5 05HD46 DD 2504405.0 6600282.0 1766.0 090 -75 130.7 05HD47 DD 2504212.0 6599177.0 1729.0 065 -45 181.5 05HD48 DD 2504160.0 6599164.0 1728.0 065 -60 100.7 CEL drilling of HQ3 core (triple tube) was done using various truck and track mounted drill machines that are operated by various Argentinian drilling companies based in Mendoza and San Juan. The core has not been oriented as the rock is commonly too broken to allow accurate core orientation. CEL drilling of reverse circulation (RC) drill holes was done using a track-mounted LM650 universal drill rig set up for reverse circulation drilling. Drilling is being done using a 5.25 inch hammer bit. Collar details for DD drill holes and RC drill holes completed by CEL are shown below in WGS84, zone 19s projection. Collar locations for drill holes to GNDD282 are surveyed using DGPS. Collar location from GNDD285 are surveyed with a handheld GPS to be followed up with DGPS. Hole_id East (m) North (m) Elevation (m) Dip (°) Azimuth (°) Depth (m) |
Challenger Exploration Limited ACN 123 591 382 ASX: CEL
Issued Capital
973.8m shares 49.6m options 120m perf shares 16m perf rights
Australian Registered Office Level 1 1205 Hay Street
West Perth WA 6005
Directors
Mr Kris Knauer, MD and CEO Mr Scott Funston, Finance Director Mr Fletcher Quinn , Chairman
Contact
T: +61 8 6380 9235
www.challengerex.com
| Criteria | JORC Code explanation | Commentary | ||||||
|---|---|---|---|---|---|---|---|---|
| GNDD001 | 504803.987 | 6601337.067 | 1829.289 | -57 | 115 | 109.0 | ||
| GNDD002 | 504793.101 | 6601312.095 | 1829.393 | -60 | 115 | 25.6 | ||
| GNDD002A | 504795.405 | 6601311.104 | 1829.286 | -60 | 115 | 84.5 | ||
| GNDD003 | 504824.427 | 6601313.623 | 1827.768 | -70 | 115 | 90.2 | ||
| GNDD004 | 504994.416 | 6601546.302 | 1835.345 | -60 | 115 | 100.0 | ||
| GNDD005 | 504473.042 | 6600105.922 | 1806.448 | -55 | 090 | 110.0 | ||
| GNDD006 | 504527.975 | 6600187.234 | 1817.856 | -55 | 170 | 100.9 | ||
| GNDD007 | 504623.738 | 6600196.677 | 1823.447 | -68 | 190 | 86.3 | ||
| GNDD007A | 504624.021 | 6600198.394 | 1823.379 | -68 | 190 | 219.0 | ||
| GNDD008 | 504625.047 | 6600198.059 | 1823.457 | -60 | 184 | 109.4 | ||
| GNDD008A | 504625.080 | 6600199.718 | 1823.264 | -60 | 184 | 169.0 | ||
| GNDD009 | 504412.848 | 6599638.914 | 1794.22 | -55 | 115 | 147.0 | ||
| GNDD010 | 504621.652 | 6600196.048 | 1823.452 | -68 | 165 | 146.5 | ||
| GNDD011 | 504395.352 | 6599644.012 | 1794.025 | -64 | 115 | 169.2 | ||
| GNDD012 | 504450.864 | 6599816.527 | 1798.321 | -55 | 115 | 120.0 | ||
| GNDD013 | 504406.840 | 6599613.052 | 1792.378 | -58 | 112 | 141.0 | ||
| GNDD014 | 504404.991 | 6599659.831 | 1793.728 | -59 | 114 | 140.0 | ||
| GNDD015 | 504442.039 | 6600159.812 | 1808.700 | -62 | 115 | 166.7 | ||
| GNDD016 | 504402.958 | 6599683.437 | 1794.007 | -60 | 115 | 172.0 | ||
| GNDD017 | 504460.948 | 6600075.899 | 1806.143 | -55 | 115 | 132.6 | ||
| GNDD018 | 504473.781 | 6600109.152 | 1806.458 | -60 | 115 | 130.0 | ||
| GNDD019 | 504934.605 | 6601534.429 | 1834.720 | -70 | 115 | 80.0 | ||
| GNDD020 | 504463.598 | 6600139.107 | 1807.789 | -58 | 115 | 153.0 | ||
| GNDD021 | 504935.804 | 6601567.863 | 1835.631 | -60 | 115 | 120.0 | ||
| GNDD022 | 504835.215 | 6601331.069 | 1828.015 | -60 | 113 | 100.0 | ||
| GNDD023 | 504814.193 | 6601336.790 | 1828.535 | -55 | 117 | 100.0 | ||
| GNDD024 | 504458.922 | 6600123.135 | 1807.237 | -70 | 115 | 150.0 | ||
| GNDD025 | 504786.126 | 6601137.698 | 1823.876 | -60 | 115 | 141.0 | ||
| GNDD026 | 504813.588 | 6601444.189 | 1831.810 | -55 | 115 | 100.0 | ||
| GNDD027 | 504416.311 | 6599703.996 | 1794.702 | -55 | 115 | 139.2 |
Challenger Exploration Limited ACN 123 591 382 ASX: CEL
Issued Capital
973.8m shares 49.6m options 120m perf shares
Australian Registered Office Level 1 1205 Hay Street West Perth WA 6005
Directors
Mr Kris Knauer, MD and CEO Mr Scott Funston, Finance Director Mr Fletcher Quinn , Chairman
Contact
T: +61 8 6380 9235
16m perf rights
www.challengerex.com
| Criteria | JORC Code explanation | Commentary | ||||||
|---|---|---|---|---|---|---|---|---|
| GNDD028 | 504824.752 | 6601321.020 | 1827.837 | -57 | 115 | 100.0 | ||
| GNDD029 | 504791.830 | 6601316.140 | 1829.344 | -71 | 115 | 120.2 | ||
| GNDD030 | 504454.538 | 6599860.757 | 1799.266 | -60 | 115 | 148.0 | ||
| GNDD031 | 504622.013 | 6600198.726 | 1823.191 | -60 | 130 | 149.0 | ||
| GNDD032 | 504619.803 | 6600203.906 | 1822.790 | -55 | 097 | 166.6 | ||
| GNDD033 | 504830.792 | 6601385.842 | 1829.315 | -55 | 115 | 62.0 | ||
| GNDD034 | 504862.613 | 6601524.893 | 1834.263 | -60 | 115 | 60.0 | ||
| GNDD035 | 504782.969 | 6601234.234 | 1827.709 | -78 | 115 | 119.5 | ||
| GNDD036 | 504303.325 | 6599128.637 | 1779.458 | -55 | 115 | 131.0 | ||
| GNDD037 | 504462.875 | 6599831.674 | 1798.456 | -55 | 115 | 83.5 | ||
| GNDD038 | 504465.362 | 6600097.111 | 1806.580 | -55 | 115 | 87.7 | ||
| GMDD039 | 504815.800 | 6601318.000 | 1829.100 | -70 | 115 | 80.0 | ||
| GMDD040 | 504402.100 | 6599641.500 | 1794.800 | -55 | 115 | 135.5 | ||
| GMDD041 | 504473.000 | 6600104.000 | 1806.400 | -55 | 095 | 428.0 | ||
| GNDD042 | 504392.551 | 6599574.224 | 1790.603 | -60 | 115 | 140.0 | ||
| GMDD043 | 504815.800 | 6601320.000 | 1829.100 | -67 | 115 | 80.0 | ||
| GNDD044 | 504380.090 | 6599622.578 | 1791.934 | -65 | 115 | 185.0 | ||
| GNDD045 | 504366.823 | 6599679.058 | 1793.712 | -57 | 115 | 311.0 | ||
| GNDD046 | 504364.309 | 6599702.621 | 1794.533 | -60 | 115 | 191.0 | ||
| GNDD047 | 504459.642 | 6599644.133 | 1793.422 | -60 | 115 | 101.0 | ||
| GNDD048 | 504792.642 | 6601286.638 | 1828.497 | -74 | 115 | 95.0 | ||
| GNDD049 | 504807.030 | 6601419.483 | 1831.588 | -60 | 115 | 90.0 | ||
| GNDD050 | 504826.614 | 6601509.677 | 1833.357 | -60 | 115 | 80.0 | ||
| GNDD051 | 504766.792 | 6601032.571 | 1823.273 | -60 | 115 | 120.0 | ||
| GNDD060 | 504801.654 | 6601066.131 | 1822.596 | -60 | 115 | 200.0 | ||
| GNDD073 | 504367.546 | 6599724.992 | 1795.493 | -57 | 115 | 150.2 | ||
| GNDD074 | 504366.299 | 6599725.496 | 1795.450 | -73 | 115 | 152.0 | ||
| GNDD077 | 504821.005 | 6601145.026 | 1823.951 | -60 | 115 | 222.0 | ||
| GNDD079 | 504636.330 | 6600286.824 | 1823.053 | -60 | 115 | 181.4 | ||
| GNDD082 | 504769.532 | 6601169.127 | 1825.621 | -60 | 115 | 266.0 |
Challenger Exploration Limited ACN 123 591 382 ASX: CEL
Issued Capital
973.8m shares 49.6m options 120m perf shares
Australian Registered Office Level 1 1205 Hay Street West Perth WA 6005
Directors
Mr Kris Knauer, MD and CEO Mr Scott Funston, Finance Director Mr Fletcher Quinn , Chairman
Contact
T: +61 8 6380 9235
16m perf rights
www.challengerex.com
| Criteria | JORC Code explanation | Commentary | ||||||
|---|---|---|---|---|---|---|---|---|
| GNDD083 | 504646.604 | 6600336.172 | 1823.893 | -60 | 115 | 181.0 | ||
| GNDD085 | 504456.068 | 6599888.509 | 1799.895 | -60 | 115 | 90.0 | ||
| GNDD088 | 504815.0 | 6601194 | 1825.2 | -60 | 115 | 237.0 | ||
| GNDD088A | 504815.621 | 6601193.811 | 1825.210 | -60 | 115 | 265.0 | ||
| GNDD089 | 504635.811 | 6600285.352 | 1823.032 | -55 | 133 | 200.1 | ||
| GNDD092 | 504839.792 | 6601208.375 | 1824.849 | -60 | 115 | 300.0 | ||
| GNDD093 | 504679.396 | 6600332.075 | 1827.365 | -55 | 115 | 209.0 | ||
| GNDD095 | 504804.597 | 6601219.844 | 1826.834 | -67 | 115 | 203.0 | ||
| GNDD096 | 504666.622 | 6600602.793 | 1820.371 | -60 | 115 | 215.0 | ||
| GNDD099 | 504384.933 | 6599759.693 | 1796.525 | -60 | 115 | 150.0 | ||
| GNDD100 | 504424.250 | 6599784.711 | 1796.728 | -60 | 115 | 120.0 | ||
| GNDD101 | 504781.691 | 6600986.509 | 1821.679 | -60 | 115 | 220.0 | ||
| GNDD102 | 504787.340 | 6601285.049 | 1828.549 | -57 | 115 | 260.0 | ||
| GNDD103 | 504432.004 | 6599482.162 | 1788.500 | -55 | 115 | 299.0 | ||
| GNDD105 | 504701.392 | 6601025.961 | 1824.818 | -60 | 115 | 300.0 | ||
| GNDD106 | 504438.745 | 6599613.089 | 1792.511 | -55 | 115 | 300.0 | ||
| GNDD108 | 504893.480 | 6601156.138 | 1824.948 | -60 | 115 | 200.0 | ||
| GNDD109 | 504788.659 | 6601026.581 | 1822.675 | -60 | 115 | 209.0 | ||
| GNDD112 | 504893.408 | 6601198.421 | 1825.402 | -60 | 115 | 188.0 | ||
| GNDD113 | 504704.700 | 6601067.100 | 1826.300 | -60 | 115 | 230.0 | ||
| GNDD113A | 504705.888 | 6601065.628 | 1825.877 | -60 | 115 | 461 | ||
| GNDD114 | 504430.719 | 6600110.231 | 1807.080 | -50 | 115 | 116.0 | ||
| GNDD115 | 504860.469 | 6601289.558 | 1826.422 | -60 | 115 | 251.0 | ||
| GNDD116 | 504441.894 | 6599558.746 | 1790.917 | -65 | 115 | 269.0 | ||
| GNDD117 | 504428.815 | 6600110.985 | 1807.008 | -60 | 115 | 120.0 | ||
| GNDD118 | 505085.614 | 6601107.067 | 1811.275 | -60 | 295 | 300.0 | ||
| GNDD119 | 504827.094 | 6601535.651 | 1835.088 | -66 | 115 | 115.0 | ||
| GNDD120 | 504411.171 | 6600099.998 | 1806.316 | -60 | 110 | 164.0 | ||
| GNDD121 | 504863.473 | 6601140.462 | 1821.954 | -57 | 115 | 181.0 | ||
| GNDD122 | 504659.288 | 6600648.314 | 1819.643 | -60 | 115 | 250.0 |
Challenger Exploration Limited ACN 123 591 382 ASX: CEL
Issued Capital
973.8m shares 49.6m options 120m perf shares
Australian Registered Office Level 1 1205 Hay Street West Perth WA 6005
Directors
Mr Kris Knauer, MD and CEO Mr Scott Funston, Finance Director Mr Fletcher Quinn , Chairman
Contact
T: +61 8 6380 9235
16m perf rights
www.challengerex.com
| Criteria | JORC Code explanation | Commentary | ||||||
|---|---|---|---|---|---|---|---|---|
| GNDD123 | 504823.784 | 6601510.706 | 1833.612 | -63 | 130 | 130.0 | ||
| GNDD124 | 504410.706 | 6600099.603 | 1806.296 | -70 | 115 | 160.0 | ||
| GNDD125 | 505135.977 | 6601131.034 | 1809.281 | -60 | 295 | 300.0 | ||
| GNDD126 | 504716.358 | 6601149.031 | 1827.257 | -60 | 115 | 196.0 | ||
| GNDD127 | 504889.851 | 6601503.430 | 1834.161 | -55 | 115 | 300.0 | ||
| GNDD128 | 504715.660 | 6601106.719 | 1826.595 | -60 | 115 | 230.0 | ||
| GNDD129 | 504637.632 | 6600284.287 | 1805.395 | -55 | 185 | 291.0 | ||
| GNDD130 | 504838.247 | 6601093.352 | 1821.556 | -60 | 115 | 227.0 | ||
| GNDD131 | 504650.672 | 6600737.758 | 1821.134 | -60 | 115 | 280.0 | ||
| GNDD132 | 504819.319 | 6601357.930 | 1829.373 | -55 | 115 | 300.0 | ||
| GNDD133 | 504869.366 | 6601639.665 | 1835.213 | -60 | 170 | 182.0 | ||
| GNDD134 | 504639.057 | 6600284.444 | 1805.499 | -55 | 154 | 290.0 | ||
| GNDD135 | 504845.188 | 6601547.554 | 1834.906 | -64 | 350 | 135.0 | ||
| GNDD136 | 504837.721 | 6601445.719 | 1830.128 | -55 | 115 | 310.0 | ||
| GNDD137 | 504647.268 | 6600701.174 | 1820.549 | -60 | 115 | 370.0 | ||
| GNDD138 | 504883.975 | 6601540.420 | 1835.042 | -65 | 350 | 237.0 | ||
| GNDD139 | 504755.726 | 6601084.848 | 1824.694 | -60 | 115 | 200.0 | ||
| GNDD140 | 504991.396 | 6601549.750 | 1835.464 | -60 | 60 | 230.0 | ||
| GNDD141 | 504779.587 | 6601255.947 | 1828.225 | -70 | 115 | 270.0 | ||
| GNDD142 | 504433.887 | 6599629.407 | 1792.717 | -62 | 115 | 360.0 | ||
| GNDD143 | 504902.285 | 6601209.174 | 1826.545 | -20 | 115 | 120.0 | ||
| GNDD144 | 504961.182 | 6601524.651 | 1835.687 | -70 | 40 | 410.0 | ||
| GNDD145 | 504557.511 | 6600224.447 | 1818.092 | -64 | 170 | 200.0 | ||
| GNDD146 | 504772.849 | 6601212.611 | 1827.389 | -70 | 115 | 350.0 | ||
| GNDD147 | 504959.171 | 6601525.259 | 1835.597 | -60 | 355 | 240.0 | ||
| GNDD148 | 504845.962 | 6601442.396 | 1831.403 | -24 | 115 | 85.5 | ||
| GNDD149 | 504847.402 | 6601441.816 | 1832.186 | -5 | 115 | 88.1 | ||
| GNDD150 | 504848.651 | 6601525.476 | 1834.636 | -65 | 350 | 251.0 | ||
| GNDD151 | 504673.689 | 6601219.059 | 1830.640 | -60 | 115 | 430.0 | ||
| GNDD152 | 504901.725 | 6601465.446 | 1834.787 | -15 | 115 | 165.0 |
Challenger Exploration Limited ACN 123 591 382 ASX: CEL
Issued Capital
973.8m shares 49.6m options 120m perf shares
Australian Registered Office Level 1 1205 Hay Street West Perth WA 6005
Directors
Mr Kris Knauer, MD and CEO Mr Scott Funston, Finance Director Mr Fletcher Quinn , Chairman
Contact
T: +61 8 6380 9235
16m perf rights
www.challengerex.com
| Criteria | JORC Code explanation | Commentary | ||||||
|---|---|---|---|---|---|---|---|---|
| GNDD153 | 504690.458 | 6600986.257 | 1824.840 | -70 | 115 | 326.0 | ||
| GNDD154 | 504891.810 | 6601503.838 | 1834.134 | -65 | 350 | 212.0 | ||
| GNDD155 | 504779.116 | 6601123.548 | 1823.862 | -60 | 115 | 420.0 | ||
| GNDD156 | 504842.752 | 6601402.888 | 1830.505 | -37 | 115 | 59.0 | ||
| GNDD157 | 504638.216 | 6600284.907 | 1805.408 | -55 | 170 | 527.0 | ||
| GNDD158 | 504807.600 | 6601535.300 | 1837.000 | -60 | 350 | 170.0 | ||
| GNDD159 | 504910.382 | 6601145.345 | 1825.562 | -40 | 115 | 202.0 | ||
| GNDD160 | 504980.539 | 6601546.905 | 1835.243 | -55 | 350 | 170.0 | ||
| GNDD161 | 504664.113 | 6600816.520 | 1822.385 | -60 | 115 | 251.00 | ||
| GNDD162 | 504723.843 | 6601279.506 | 1830.376 | -60 | 115 | 180.00 | ||
| GNDD163 | 504749.611 | 6601575.347 | 1837.394 | -60 | 115 | 180.00 | ||
| GNDD164 | 504672.435 | 6601526.078 | 1836.853 | -60 | 115 | 311.00 | ||
| GNDD165 | 504488.377 | 6599862.768 | 1803.486 | -10 | 115 | 253.80 | ||
| GNDD166 | 504557.654 | 6600330.511 | 1817.438 | -60 | 115 | 327.00 | ||
| GNDD167 | 504727.540 | 6600880.315 | 1820.767 | -60 | 115 | 251.00 | ||
| GNDD168 | 504559.923 | 6600382.723 | 1816.844 | -60 | 115 | 314.00 | ||
| GNDD169 | 504683.848 | 6601565.336 | 1837.928 | -60 | 115 | 416.00 | ||
| GNDD170 | 504663.000 | 6600335.000 | 1822.900 | -60 | 170 | 123.50 | ||
| GNDD170A | 504664.576 | 6600335.390 | 1826.501 | -60 | 170 | 380.00 | ||
| GNDD171 | 504674.659 | 6600904.137 | 1823.445 | -70 | 115 | 350.00 | ||
| GNDD172 | 504487.566 | 6599863.343 | 1802.727 | -45 | 115 | 119.70 | ||
| GNDD173 | 504697.019 | 6601339.596 | 1833.656 | -60 | 115 | 191.00 | ||
| GNDD174 | 504474.118 | 6600097.716 | 1807.933 | -11 | 115 | 329.50 | ||
| GNDD175 | 504653.221 | 6601093.209 | 1828.285 | -60 | 115 | 353.00 | ||
| GNDD176 | 504733.851 | 6600655.255 | 1817.503 | -60 | 115 | 350.00 | ||
| GNDD177 | 504759.610 | 6601481.663 | 1834.257 | -60 | 115 | 160.00 | ||
| GNDD178 | 504625.984 | 6600185.259 | 1824.078 | -60 | 185 | 145.20 | ||
| GNDD179 | 504406.541 | 6600185.242 | 1809.531 | -55 | 170 | 192.10 | ||
| GNDD180 | 504678.044 | 6600779.784 | 1821.026 | -60 | 115 | 341.00 | ||
| GNDD181 | 504669.174 | 6600332.942 | 1809.056 | -60 | 160 | 401.00 |
Challenger Exploration Limited ACN 123 591 382 ASX: CEL
Issued Capital
973.8m shares 49.6m options 120m perf shares
Australian Registered Office Level 1 1205 Hay Street West Perth WA 6005
Directors
Mr Kris Knauer, MD and CEO Mr Scott Funston, Finance Director Mr Fletcher Quinn , Chairman
Contact
T: +61 8 6380 9235
16m perf rights
www.challengerex.com
| Criteria | JORC Code explanation | Commentary | ||||||
|---|---|---|---|---|---|---|---|---|
| GNDD182 | 504669.526 | 6601127.040 | 1828.630 | -60 | 115 | 332.00 | ||
| GNDD183 | 504775.514 | 6601523.887 | 1835.124 | -65 | 115 | 146.00 | ||
| GNDD184 | 504670.292 | 6601174.696 | 1829.453 | -60 | 115 | 321.50 | ||
| GNDD185 | 504730.718 | 6601405.556 | 1832.739 | -60 | 115 | 180.00 | ||
| GNDD186 | 504735.990 | 6600742.990 | 1818.290 | -60 | 115 | 209.00 | ||
| GNDD187 | 504621.493 | 6601546.173 | 1839.975 | -67 | 115 | 320.00 | ||
| GNDD188 | 504658.832 | 6601043.631 | 1826.939 | -60 | 115 | 277.00 | ||
| GNDD189 | 504473.828 | 6600097.778 | 1807.415 | -29 | 115 | 320.00 | ||
| GNDD190 | 504894.932 | 6601473.630 | 1833.192 | -65 | 350 | 269.00 | ||
| GNDD191 | 504602.016 | 6601426.850 | 1837.553 | -70 | 115 | 260.00 | ||
| GNDD192 | 504617.912 | 6600575.207 | 1820.347 | -60 | 115 | 260.00 | ||
| GNDD193 | 504686.491 | 6601425.894 | 1834.934 | -60 | 115 | 293.00 | ||
| GNDD194 | 504670.153 | 6600333.303 | 1808.999 | -60 | 140 | 300.00 | ||
| GNDD195 | 504473.117 | 6600098.042 | 1807.172 | -44 | 115 | 370.00 | ||
| GNDD196 | 504633.370 | 6600393.771 | 1822.260 | -60 | 115 | 296.00 | ||
| GNDD197 | 504860.921 | 6601483.879 | 1831.591 | -68 | 350 | 72.00 | ||
| GNDD198 | 504787.448 | 6601250.012 | 1827.763 | -60 | 115 | 161.00 | ||
| GNDD199 | 504812.268 | 6601468.783 | 1832.487 | -56 | 350 | 266.00 | ||
| GNDD200 | 504966.362 | 6601074.292 | 1816.847 | -60 | 295 | 280.00 | ||
| GNDD201 | 504310.496 | 6599798.094 | 1798.387 | -65 | 115 | 170.00 | ||
| GNDD202 | 504524.999 | 6600443.375 | 1816.607 | -60 | 115 | 320.00 | ||
| GNDD203 | 504597.900 | 6600292.924 | 1820.443 | -60 | 170 | 361.50 | ||
| GNDD204 | 504858.596 | 6601037.331 | 1820.096 | -60 | 295 | 190.10 | ||
| GNDD205 | 504368.667 | 6599653.253 | 1792.808 | -60 | 115 | 320.00 | ||
| GNDD206 | 504502.882 | 6600109.342 | 1814.752 | -45 | 90 | 315.60 | ||
| GNDD207 | 504522.884 | 6600357.893 | 1816.137 | -60 | 115 | 365.00 | ||
| GNDD208 | 504919.928 | 6601011.763 | 1817.683 | -60 | 295 | 299.00 | ||
| GNDD209 | 504455.248 | 6599665.027 | 1793.655 | -60 | 115 | 212.00 | ||
| GNDD210 | 504462.426 | 6600034.696 | 1804.674 | -55 | 115 | 404.00 | ||
| GNDD211 | 504918.046 | 6601053.056 | 1818.575 | -60 | 295 | 260.00 |
Challenger Exploration Limited ACN 123 591 382 ASX: CEL
Issued Capital
973.8m shares 49.6m options 120m perf shares
Australian Registered Office Level 1 1205 Hay Street West Perth WA 6005
Directors
Mr Kris Knauer, MD and CEO Mr Scott Funston, Finance Director Mr Fletcher Quinn , Chairman
Contact
T: +61 8 6380 9235
16m perf rights
www.challengerex.com
| Criteria | JORC Code explanation | Commentary | ||||||
|---|---|---|---|---|---|---|---|---|
| GNDD212 | 504556.481 | 6600173.681 | 1823.158 | -50 | 170 | 90.00 | ||
| GNDD213 | 504437.719 | 6599952.199 | 1801.892 | -55 | 115 | 401.00 | ||
| GNDD214 | 504479.068 | 6599647.469 | 1794.866 | -25 | 115 | 185.30 | ||
| GNDD215 | 504841.586 | 6601002.965 | 1820.301 | -60 | 295 | 215.50 | ||
| GNDD216 | 504575.288 | 6600730.335 | 1823.004 | -60 | 115 | 260.00 | ||
| GNDD217 | 504528.620 | 6600189.318 | 1817.887 | -60 | 170 | 140.00 | ||
| GNDD218 | 504744.099 | 6601001.774 | 1823.249 | -60 | 295 | 250.00 | ||
| GNDD219 | 504559.700 | 6600171.900 | 1821.200 | -67 | 170 | 125.00 | ||
| GNDD220 | 504503.489 | 6600761.157 | 1825.667 | -60 | 115 | 269.00 | ||
| GNDD221 | 504559.700 | 6600171.900 | 1821.200 | -75 | 170 | 165.00 | ||
| GNDD222 | 504740.575 | 6600963.697 | 1822.322 | -60 | 295 | 251.00 | ||
| GNDD223 | 504516.675 | 6600218.714 | 1815.407 | -60 | 170 | 200.00 | ||
| GNDD224 | 504450.361 | 6600481.295 | 1818.275 | -60 | 115 | 338.00 | ||
| GNDD225 | 504526.735 | 6601150.967 | 1834.202 | -60 | 115 | 299.00 | ||
| GNDD226 | 504649.341 | 6601710.086 | 1842.687 | -60 | 115 | 281.00 | ||
| GNDD227 | 504517.120 | 6600217.001 | 1815.363 | -66 | 170 | 266.00 | ||
| GNDD228 | 504776.100 | 6601210.300 | 1827.900 | -61 | 115 | 330.00 | ||
| GNDD229 | 504632.614 | 6601318.236 | 1833.884 | -60 | 115 | 255.00 | ||
| GNDD230 | 504658.776 | 6601614.082 | 1840.047 | -60 | 115 | 284.00 | ||
| GNDD231 | 504919.069 | 6602642.725 | 1840.857 | -60 | 110 | 240.00 | ||
| GNDD232 | 504317.901 | 6599836.390 | 1799.881 | -65 | 115 | 179.30 | ||
| GNDD233 | 504669.895 | 6601527.348 | 1836.811 | -50 | 115 | 236.00 | ||
| GNDD234 | 504822.913 | 6601277.432 | 1827.472 | -60 | 115 | 116.00 | ||
| GNDD235 | 504381.663 | 6599939.975 | 1802.201 | -65 | 115 | 140.00 | ||
| GNDD236 | 504595.397 | 6601384.531 | 1836.630 | -60 | 115 | 260.00 | ||
| GNDD237 | 504628.160 | 6601590.640 | 1839.508 | -60 | 115 | 450.00 | ||
| GNDD238 | 504906.977 | 6602616.887 | 1841.656 | -60 | 110 | 250.00 | ||
| GNDD239 | 504477.711 | 6599648.097 | 1794.358 | -50 | 115 | 91.00 | ||
| GNDD240 | 504474.701 | 6600231.137 | 1813.421 | -55 | 170 | 200.00 | ||
| GNDD241 | 504489.556 | 6599566.448 | 1793.976 | -45 | 115 | 146.50 |
Challenger Exploration Limited ACN 123 591 382 ASX: CEL
Issued Capital
973.8m shares 49.6m options 120m perf shares
Australian Registered Office Level 1 1205 Hay Street West Perth WA 6005
Directors
Mr Kris Knauer, MD and CEO Mr Scott Funston, Finance Director Mr Fletcher Quinn , Chairman
Contact
T: +61 8 6380 9235
16m perf rights
www.challengerex.com
| Criteria | JORC Code explanation | Commentary | ||||||
|---|---|---|---|---|---|---|---|---|
| GNDD242 | 504577.073 | 6601302.101 | 1835.696 | -60 | 115 | 340.20 | ||
| GNDD243 | 504443.175 | 6600220.099 | 1811.582 | -60 | 170 | 161.00 | ||
| GNDD244 | 504840.051 | 6602586.818 | 1845.192 | -60 | 110 | 281.00 | ||
| GNDD245 | 504682.392 | 6601564.613 | 1837.879 | -50 | 115 | 306.00 | ||
| GNDD246 | 504304.458 | 6599841.564 | 1800.364 | -72 | 115 | 212.00 | ||
| GNDD247 | 504467.820 | 6599499.478 | 1797.272 | -35 | 115 | 180.00 | ||
| GNDD248 | 504663.877 | 6601484.106 | 1837.295 | -60 | 115 | 320.00 | ||
| GNDD249 | 504565.561 | 6601221.295 | 1834.153 | -60 | 115 | 280.00 | ||
| GNDD250 | 504330.009 | 6599876.638 | 1800.342 | -60 | 115 | 197.00 | ||
| GNDD251 | 504477.971 | 6599538.205 | 1794.923 | -45 | 115 | 170.50 | ||
| GNDD252 | 504831.382 | 6600924.214 | 1818.699 | -60 | 295 | 308.00 | ||
| GNDD253 | 504457.312 | 6599611.851 | 1792.452 | -60 | 115 | 277.90 | ||
| GNDD254 | 504619.880 | 6601545.848 | 1839.946 | -60 | 115 | 413.00 | ||
| GNDD255 | 504614.456 | 6601152.752 | 1830.734 | -60 | 115 | 229.00 | ||
| GNDD256 | 504439.108 | 6599479.931 | 1789.382 | -40 | 115 | 200.00 | ||
| GNDD257 | 504846.070 | 6600960.942 | 1819.000 | -60 | 295 | 290.00 | ||
| GNDD258 | 504479.202 | 6600229.965 | 1813.512 | -64 | 170 | 270.00 | ||
| GNDD259 | 504891.047 | 6601156.539 | 1824.952 | -78 | 295 | 209.00 | ||
| GNDD260 | 504686.229 | 6601779.816 | 1843.684 | -60 | 115 | 281.00 | ||
| GNDD261 | 504735.261 | 6600179.706 | 1847.318 | -45 | 120 | 140.00 | ||
| GNDD262 | 504907.951 | 6600975.057 | 1817.254 | -60 | 295 | 290.00 | ||
| GNDD263 | 504874.653 | 6601167.487 | 1825.604 | -60 | 295 | 152.00 | ||
| GNDD264 | 504404.218 | 6600202.470 | 1810.311 | -60 | 170 | 229.80 | ||
| GNDD265 | 504493.431 | 6600345.518 | 1815.122 | -55 | 170 | 425.00 | ||
| GNDD266 | 504730.982 | 6600175.224 | 1847.381 | -40 | 170 | 90.00 | ||
| GNDD267 | 504886.046 | 6601114.747 | 1820.458 | -65 | 295 | 221.00 | ||
| GNDD268 | 504445.758 | 6600392.598 | 1815.641 | -60 | 115 | 360.00 | ||
| GNDD269 | 504696.082 | 6600164.192 | 1843.123 | -45 | 170 | 112.60 | ||
| GNDD270 | 504888.213 | 6601199.370 | 1825.457 | -80 | 295 | 155.30 | ||
| GNDD271 | 504560.712 | 6600319.000 | 1817.861 | -60 | 130 | 281.00 |
Challenger Exploration Limited ACN 123 591 382 ASX: CEL
Issued Capital
973.8m shares 49.6m options 120m perf shares
Australian Registered Office Level 1 1205 Hay Street West Perth WA 6005
Directors
Mr Kris Knauer, MD and CEO Mr Scott Funston, Finance Director Mr Fletcher Quinn , Chairman
Contact
T: +61 8 6380 9235
16m perf rights
www.challengerex.com
| Criteria | JORC Code explanation | Commentary | ||||||
|---|---|---|---|---|---|---|---|---|
| GNDD272 | 504444.186 | 6600217.869 | 1811.622 | -52 | 170 | 191.00 | ||
| GNDD273 | 504559.651 | 6600163.955 | 1825.649 | -20 | 170 | 80.00 | ||
| GNDD274 | 504564.640 | 6600318.832 | 1818.105 | -55 | 175 | 340.00 | ||
| GNDD275 | 504887.265 | 6601199.716 | 1825.475 | -55 | 295 | 131.00 | ||
| GNDD276 | 504464.535 | 6600301.076 | 1814.073 | -60 | 115 | 340.00 | ||
| GNDD277 | 504848.561 | 6601090.785 | 1821.157 | -60 | 295 | 155.00 | ||
| GNDD278 | 504496.144 | 6600345.519 | 1815.221 | -62 | 170 | 380.00 | ||
| GNDD279 | 504590.000 | 6600164.000 | 1829.600 | -45 | 155 | 90.00 | ||
| GNDD280 | 504570.040 | 6601132.497 | 1831.818 | -60 | 115 | 266.00 | ||
| GNDD281 | 504599.717 | 6600293.500 | 1820.179 | -67 | 170 | 470.00 | ||
| GNDD282 | 504462.194 | 6600299.930 | 1814.097 | -60 | 170 | 370.00 | ||
| GNDD283 | 504590.0 | 6600164.0 | 1829.6 | -5 | 155 | 95.00 | ||
| GNDD284 | 504625.209 | 6600441.245 | 1819.581 | -60 | 115 | 130.00 | ||
| GNDD285 | 504525.3 | 6601150.7 | 1833.8 | -70 | 115 | 401.00 | ||
| GNDD286 | 504396.4 | 6600235.1 | 1813.1 | -60 | 170 | 260.00 | ||
| GNDD287 | 504538.7 | 6600482.6 | 1815.7 | -60 | 115 | 265.00 | ||
| GNDD288 | 504624.0 | 6600326.0 | 1819.4 | -60 | 170 | 450.00 | ||
| GNDD289 | 504650.0 | 6600182.0 | 1824.3 | -45 | 170 | 278.30 | ||
| GNDD290 | 504361.2 | 6600204.4 | 1813.1 | -60 | 170 | 200.00 | ||
| GNDD291 | 504548.7 | 6600522.0 | 1817.3 | -60 | 115 | 203.00 | ||
| GNDD292 | 504538.5 | 6600615.0 | 1820.2 | -60 | 115 | 270.00 | ||
| GNDD293 | 504665.0 | 6601394.7 | 1837.4 | -60 | 115 | 215.00 | ||
| GNDD294 | 504434.8 | 6600247.2 | 1812.4 | -60 | 170 | 290.00 | ||
| GNDD295 | 504569.0 | 6600556.6 | 1818.1 | -60 | 115 | 221.00 | ||
| GNDD296 | 504380.1 | 6599622.6 | 1791.9 | -60 | 115 | 299.00 | ||
| GNDD297 | 504650.0 | 6600182.0 | 1824.3 | -20 | 170 | 167.50 | ||
| GNDD298 | 504641.1 | 6601449.8 | 1840.0 | -60 | 115 | 350.00 | ||
| GNDD299 | 504312.9 | 6599705.1 | 1797.7 | -60 | 115 | 170.00 | ||
| GNDD300 | 504595.1 | 6600632.7 | 1819.0 | -60 | 115 | 200.00 | ||
| GNDD301 | 504636.0 | 6600298.0 | 1823.1 | -25 | 115 | 90.20 |
Challenger Exploration Limited ACN 123 591 382 ASX: CEL
Issued Capital
973.8m shares 49.6m options 120m perf shares
Australian Registered Office Level 1 1205 Hay Street West Perth WA 6005
Directors
Mr Kris Knauer, MD and CEO Mr Scott Funston, Finance Director Mr Fletcher Quinn , Chairman
Contact
T: +61 8 6380 9235
16m perf rights
www.challengerex.com
| Criteria | JORC Code explanation | Commentary | ||||||
|---|---|---|---|---|---|---|---|---|
| GNDD302 | 504110.5 | 6599843.6 | 1800.0 | -60 | 115 | 221.00 | ||
| GNDD303 | 504504.7 | 6600851.4 | 1828.2 | -60 | 115 | 240.00 | ||
| GNDD304 | 504743.6 | 6601445.5 | 1836.9 | -60 | 115 | 158.00 | ||
| GNDD305 | 504506.7 | 6600674.4 | 1823.4 | -60 | 115 | 299.00 | ||
| GNDD306 | 504187.5 | 6599940.3 | 1808.0 | -62 | 115 | 320.00 | ||
| GNDD307 | 504635.7 | 6600393.1 | 1822.3 | -20 | 115 | 100.00 | ||
| GNDD308 | 504504.9 | 6600939.5 | 1827.7 | -60 | 115 | 300.00 | ||
| GNDD309 | 504599.3 | 6601512.4 | 1840.8 | -60 | 115 | 390.00 | ||
| GNDD310 | 504499.0 | 6600633.4 | 1822.4 | -60 | 115 | 299.00 | ||
| GNDD311 | 504218.7 | 6600013.8 | 1805.0 | -60 | 115 | 246.00 | ||
| GNDD312 | 504463.0 | 6599679.2 | 1793.4 | -25 | 115 | 80.50 | ||
| GNDD313 | 504321.1 | 6600198.2 | 1814.9 | -60 | 170 | 210.00 | ||
| GNDD314 | 504300.0 | 6599667.1 | 1797.9 | -60 | 115 | 350.00 | ||
| GNDD315 | 504506.7 | 6600718.1 | 1824.6 | -60 | 115 | 286.00 | ||
| GNDD316 | 504121.0 | 6599927.0 | 1804.4 | -60 | 115 | 342.60 | ||
| GNDD317 | 504278.0 | 6599075.0 | 1779.4 | -10 | 110 | 155.00 | ||
| GNDD318 | 504351.1 | 6600261.4 | 1814.9 | -60 | 170 | 300.00 | ||
| GNDD319 | 504647.3 | 6600701.2 | 1820.5 | -60 | 295 | 240.00 | ||
| GNDD320 | 504979.1 | 6600983.3 | 1813.9 | -60 | 295 | 374.00 | ||
| GNDD321 | 504391.2 | 6600264.1 | 1814.1 | -60 | 170 | 281.10 | ||
| GNDD322 | 504834.2 | 6600874.3 | 1813.0 | -60 | 295 | 442.60 | ||
| GNDD323 | 503850.0 | 6599920.0 | 1810.0 | -60 | 115 | 479.00 | ||
| GNDD324 | 504665.7 | 6601261.8 | 1833.7 | -60 | 115 | 255.00 | ||
| GNDD325 | 504473.6 | 6599806.7 | 1798.3 | -41 | 115 | 83.50 | ||
| GNDD326 | 503923.5 | 6600283.9 | 1800.0 | -60 | 115 | 320.00 | ||
| GNDD327 | 504463.0 | 6601267.3 | 1841.8 | -60 | 115 | 480.00 | ||
| GNDD328 | 504473.6 | 6599806.7 | 1798.3 | -30 | 55 | 100.70 | ||
| GNDD329 | 504481.2 | 6600818.2 | 1828.7 | -60 | 115 | 350.00 | ||
| GNDD330 | 504977.7 | 6600942.9 | 1812.9 | -60 | 295 | 380.00 | ||
| GNDD331 | 503964.6 | 6599823.4 | 1801.4 | -70 | 115 | 301.60 |
Challenger Exploration Limited ACN 123 591 382 ASX: CEL
Issued Capital
973.8m shares 49.6m options 120m perf shares
Australian Registered Office Level 1 1205 Hay Street West Perth WA 6005
Directors
Mr Kris Knauer, MD and CEO Mr Scott Funston, Finance Director Mr Fletcher Quinn , Chairman
Contact
T: +61 8 6380 9235
16m perf rights
www.challengerex.com
| Criteria | JORC Code explanation | Commentary | ||||||
|---|---|---|---|---|---|---|---|---|
| GNDD332 | 504587.7 | 6601342.5 | 1839.5 | -60 | 115 | 320.00 | ||
| GNDD333 | 504587.7 | 6600900.9 | 1825.1 | -60 | 115 | 340.00 | ||
| GNDD334 | 504987.9 | 6601026.3 | 1815.4 | -60 | 295 | 371.00 | ||
| GNDD335 | 503976.4 | 6599906.2 | 1804.1 | -70 | 115 | 300.00 | ||
| GNDD336 | 504448.6 | 6600701.3 | 1826.7 | -60 | 115 | 422.00 | ||
| GNDD337 | 504490.4 | 6601122.8 | 1828.7 | -60 | 115 | 395.00 | ||
| GNDD338 | 504207.5 | 6600063.5 | 1813.1 | -60 | 115 | 299.00 | ||
| GNDD339 | 504367.7 | 6599591.2 | 1791.6 | -60 | 115 | 300.00 | ||
| GNDD340 | 505044.9 | 6601044.0 | 1813.6 | -60 | 295 | 380.00 | ||
| GNDD341 | 504588.0 | 6600812.6 | 1823.6 | -60 | 115 | 311.00 | ||
| GNDD342 | 504312.3 | 6601448.7 | 1847.4 | -60 | 115 | 472.80 | ||
| GNDD343 | 504283.4 | 6600183.2 | 1815.3 | -60 | 170 | 275.00 | ||
| GNDD344 | 504588.0 | 6600680.0 | 1820.0 | -60 | 115 | 320.00 | ||
| GNDD345 | 505037.8 | 6601091.4 | 1813.0 | -60 | 295 | 344.60 | ||
| GNDD346 | 504358.1 | 6599705.9 | 1795.3 | -75 | 115 | 173.00 | ||
| GNDD347 | 504501.9 | 6601426.5 | 1841.5 | -60 | 115 | 330.00 | ||
| GNDD348 | 504242.0 | 6600189.8 | 1815.8 | -60 | 170 | 250.00 | ||
| GNDD349 | 504421.7 | 6600801.8 | 1829.8 | -60 | 115 | 401.00 | ||
| GNDD350 | 504529.4 | 6601193.0 | 1834.0 | -60 | 115 | 395.00 | ||
| GNDD351 | 504331.3 | 6600143.5 | 1811.3 | -60 | 170 | 190.00 | ||
| GNDD352 | 504311.5 | 6599705.7 | 1797.6 | -62 | 115 | 359.00 | ||
| GNDD353 | 504370.5 | 6600151.3 | 1810.1 | -60 | 170 | 120.00 | ||
| GNDD354 | 504365.7 | 6600178.8 | 1811.0 | -60 | 170 | 125.00 | ||
| GNDD355 | 504850.9 | 6601263.7 | 1826.0 | -60 | 115 | 135.00 | ||
| GNDD356 | 504477.0 | 6601482.2 | 1842.0 | -60 | 115 | 384.70 | ||
| GNDD357 | 504360.8 | 6600521.3 | 1823.8 | -60 | 115 | 329.00 | ||
| GNDD358 | 504361.2 | 6600206.0 | 1813.1 | -63 | 170 | 179.80 | ||
| GNDD359 | 504408.4 | 6601161.1 | 1827.6 | -60 | 115 | 380.00 | ||
| GNDD360 | 504844.5 | 6601178.5 | 1824.7 | -60 | 115 | 448.20 | ||
| GNDD361 | 504450.4 | 6601229.8 | 1835.4 | -60 | 115 | 452.00 |
Challenger Exploration Limited ACN 123 591 382 ASX: CEL
Issued Capital
973.8m shares 49.6m options 120m perf shares
Australian Registered Office Level 1 1205 Hay Street West Perth WA 6005
Directors
Mr Kris Knauer, MD and CEO Mr Scott Funston, Finance Director Mr Fletcher Quinn , Chairman
Contact
T: +61 8 6380 9235
16m perf rights
www.challengerex.com
| Criteria | JORC Code explanation | Commentary | ||||||
|---|---|---|---|---|---|---|---|---|
| GNDD361 | 504450.4 | 6601229.8 | 1835.4 | -60 | 115 | 452.00 | ||
| GNDD362 | 504188.9 | 6599718.8 | 1801.0 | -55 | 115 | 449.00 | ||
| GNDD363 | 504434.8 | 6600247.2 | 1812.4 | -60 | 170 | 290.00 | ||
| GNDD364 | 504631.4 | 6600880.6 | 1821.9 | -60 | 115 | 270.00 | ||
| GNDD365 | 504477.4 | 6600422.8 | 1816.7 | -60 | 115 | 410.00 | ||
| GNDD366 | 504557.0 | 6601489.0 | 1843.5 | -60 | 115 | 392.00 | ||
| GNDD367 | 504586.3 | 6600857.5 | 1824.5 | -60 | 115 | 320.00 | ||
| GNDD368 | 504374.6 | 6601221.0 | 1840.5 | -63 | 115 | 462.00 | ||
| GNDD369 | 504584.8 | 6601255.4 | 1837.0 | -60 | 115 | 289.70 | ||
| GNDD370 | 504344.7 | 6600264.3 | 1816.1 | -60 | 115 | 350.00 | ||
| GNDD371 | 505120.4 | 6600275.0 | 1771.2 | -60 | 170 | 300.00 | ||
| GNDD372 | 504548.3 | 6601625.5 | 1843.4 | -60 | 115 | 452.00 | ||
| GNDD373 | 504884.7 | 6600894.9 | 1814.5 | -60 | 295 | 452.00 | ||
| GNDD374 | 505273.5 | 6600329.0 | 1769.4 | -60 | 170 | 400.00 | ||
| GNDD375 | 504200.0 | 6600331.7 | 1816.3 | -60 | 115 | 370.00 | ||
| GNDD376 | 504696.5 | 6601600.0 | 1841.9 | -60 | 115 | 238.10 | ||
| GNDD377 | 504920.0 | 6600746.0 | 1804.5 | -60 | 115 | 461.00 | ||
| GNDD378 | 504406.0 | 6599618.0 | 1792.7 | -60 | 115 | 332.00 | ||
| GNDD379 | 504359.6 | 6600345.9 | 1818.5 | -60 | 115 | 350.00 | ||
| GNDD380 | 504484.5 | 6600596.0 | 1821.8 | -60 | 115 | 371.00 | ||
| GNDD381 | 504806.1 | 6600931.6 | 1819.0 | -60 | 295 | 290.00 | ||
| GNDD382 | 504289.2 | 6599627.9 | 1795.3 | -60 | 115 | 350.00 | ||
| GNDD383 | 504352.0 | 6601761.2 | 1858.6 | -60 | 115 | 461.00 | ||
| GNDD384 | 504411.0 | 6600152.1 | 1809.7 | -60 | 170 | 125.00 | ||
| GNDD385 | 504459.4 | 6600651.9 | 1824.7 | -60 | 115 | 401.00 | ||
| GNDD386 | 504453.4 | 6600142.0 | 1808.4 | -70 | 170 | 110.00 | ||
| GNDD387 | 504453.3 | 6600522.3 | 1820.7 | -60 | 115 | 344.00 | ||
| GNDD388 | 505196.0 | 6600307.0 | 1769.8 | -60 | 170 | 250.00 | ||
| GNDD389 | 504917.0 | 6601503.0 | 1836.0 | -24 | 115 | 100.00 | ||
| GNDD390 | 504584.2 | 6600321.7 | 1817.4 | -65 | 170 | 480.00 |
Challenger Exploration Limited ACN 123 591 382 ASX: CEL
Issued Capital
973.8m shares 49.6m options 120m perf shares
Australian Registered Office Level 1 1205 Hay Street West Perth WA 6005
Directors
Mr Kris Knauer, MD and CEO Mr Scott Funston, Finance Director Mr Fletcher Quinn , Chairman
Contact
T: +61 8 6380 9235
16m perf rights
www.challengerex.com
| Criteria | JORC Code explanation | Commentary | ||||||
|---|---|---|---|---|---|---|---|---|
| GNDD391 | 504391.9 | 6600462.7 | 1820.4 | -60 | 115 | 350.00 | ||
| GNDD392 | 504566.4 | 6600778.5 | 1823.4 | -60 | 115 | 251.00 | ||
| GNDD393 | 504194.6 | 6599760.1 | 1804.0 | -60 | 112 | 469.00 | ||
| GNDD394 | 504474.7 | 6601924.7 | 1853.9 | -60 | 115 | 401.00 | ||
| GNDD395 | 504284.4 | 6600556.9 | 1828.5 | -60 | 115 | 731.00 | ||
| GNDD396 | 505060.8 | 6599621.1 | 1746.2 | -60 | 115 | 211.50 | ||
| GNDD397 | 504926.0 | 6601422.0 | 1855.9 | -50 | 170 | 120.00 | ||
| GNDD398 | 504894.5 | 6599433.9 | 1762.7 | -60 | 115 | 200.00 | ||
| GNDD399 | 504614.1 | 6600382.6 | 1818.2 | -59 | 170 | 605.00 | ||
| GNDD400 | 504922.4 | 6599377.2 | 1763.3 | -60 | 115 | 300.00 | ||
| GNDD401 | 504194.6 | 6599760.1 | 1804.0 | -50 | 115 | 503.00 | ||
| GNDD402 | 504628.4 | 6601676.4 | 1845.7 | -60 | 115 | 320.00 | ||
| GNDD403 | 504926.0 | 6601422.0 | 1855.9 | -50 | 130 | 104.90 | ||
| GNDD404 | 505020.0 | 6599331.0 | 1752.0 | -60 | 115 | 220.00 | ||
| GNDD405 | 504784.9 | 6601558.9 | 1839.7 | -60 | 115 | 170.00 | ||
| GNDD406 | 504507.2 | 6601600.6 | 1844.0 | -60 | 112 | 701.00 | ||
| GNDD407 | 504319.2 | 6599680.1 | 1796.3 | -60 | 115 | 315.00 | ||
| GNDD408 | 504632.3 | 6600279.4 | 1820.2 | -50 | 170 | 377.00 | ||
| GNDD409 | 504944.0 | 6601440.0 | 1855.5 | -50 | 115 | 129.90 | ||
| GNDD410 | 505178.7 | 6600404.0 | 1774.0 | -60 | 170 | 346.40 | ||
| GNDD411 | 504944.0 | 6601440.0 | 1855.5 | -15 | 115 | 70.50 | ||
| GNDD412 | 504465.0 | 6600561.0 | 1821.2 | -60 | 115 | 320.00 | ||
| GNDD413 | 504694.7 | 6600718.7 | 1816.1 | -60 | 115 | 92.00 | ||
| GNDD414 | 504142.5 | 6599740.4 | 1800.0 | -60 | 112 | 572.00 | ||
| GNDD415 | 504614.5 | 6600712.0 | 1819.8 | -60 | 115 | 152.00 | ||
| GNDD417 | 504368.5 | 6600738.4 | 1830.3 | -60 | 112 | 575.00 | ||
| GNDD418 | 504894.0 | 6601243.6 | 1826.0 | -60 | 115 | 140.00 | ||
| GNDD419 | 505292.0 | 6601995.0 | 1785.8 | -60 | 115 | 300.0 | ||
| GNDD420 | 504824.0 | 6601232.1 | 1827.8 | -60 | 115 | 176.00 | ||
| GNDD421 | 504724.3 | 6601212.4 | 1829.5 | -60 | 115 | 212.00 |
Challenger Exploration Limited ACN 123 591 382 ASX: CEL
Issued Capital
973.8m shares 49.6m options 120m perf shares
Australian Registered Office Level 1 1205 Hay Street West Perth WA 6005
Directors
Mr Kris Knauer, MD and CEO Mr Scott Funston, Finance Director Mr Fletcher Quinn , Chairman
Contact
T: +61 8 6380 9235
16m perf rights
www.challengerex.com
| Criteria | JORC Code explanation | Commentary | ||||||
|---|---|---|---|---|---|---|---|---|
| GNDD422 | 504695.0 | 6601600.0 | 1841.9 | -60 | 115 | 341.00 | ||
| GNDD423 | 505106.0 | 6601553.0 | 1880.2 | -60 | 040 | 23.70 | ||
| GNDD424 | 504712.9 | 6601195.7 | 1829.8 | -60 | 115 | 170.00 | ||
| GNDD425 | 505106.0 | 6601553.0 | 1880.2 | -57 | 350 | 80.0 | ||
| GNDD427 | 504730.1 | 6601673.1 | 1844.2 | -60 | 115 | 230.0 | ||
| GNDD428 | 504151.9 | 6599780.2 | 1803.5 | -60 | 115 | 290.0 | ||
| GNDD429 | 504738.0 | 6601360.5 | 1834.3 | -60 | 115 | 182.0 | ||
| GNDD430 | 505398.0 | 6601916.0 | 1776.0 | -55 | 115 | 312.0 | ||
| GNDD431 | 504770.3 | 6601345.5 | 1832.5 | -60 | 115 | 116.0 | ||
| GNRC052 | 504443.927 | 6599554.145 | 1790.676 | -60 | 115 | 90 | ||
| GNRC053 | 504452.888 | 6599589.416 | 1791.660 | -60 | 115 | 96 | ||
| GNRC054 | 504458.908 | 6599679.484 | 1794.408 | -60 | 115 | 90 | ||
| GNRC055 | 504461.566 | 6599726.253 | 1795.888 | -60 | 115 | 102 | ||
| GNRC056 | 504463.187 | 6599763.817 | 1796.276 | -60 | 115 | 102 | ||
| GNRC057 | 504453.440 | 6599901.106 | 1800.270 | -60 | 115 | 96 | ||
| GNRC058 | 504716.992 | 6600488.640 | 1825.624 | -60 | 115 | 102 | ||
| GNRC059 | 504785.101 | 6600721.845 | 1817.042 | -60 | 115 | 84 | ||
| GNRC061 | 504963.888 | 6601521.567 | 1835.635 | -60 | 115 | 30 | ||
| GNRC062 | 504943.260 | 6601531.855 | 1834.917 | -60 | 115 | 30 | ||
| GNRC063 | 504914.884 | 6601499.583 | 1833.781 | -60 | 115 | 36 | ||
| GNRC064 | 504895.067 | 6601472.101 | 1833.039 | -60 | 115 | 36 | ||
| GNRC065 | 504865.673 | 6601481.570 | 1831.536 | -60 | 115 | 60 | ||
| GNRC066 | 504896.480 | 6601506.894 | 1834.226 | -60 | 115 | 48 | ||
| GNRC067 | 504911.268 | 6601541.124 | 1836.127 | -60 | 115 | 50 | ||
| GNRC068 | 504990.546 | 6601552.694 | 1835.287 | -60 | 030 | 114 | ||
| GNRC069 | 504934.855 | 6601579.782 | 1836.179 | -60 | 115 | 120 | ||
| GNRC070 | 504925.545 | 6601566.505 | 1835.127 | -60 | 350 | 84 | ||
| GNRC071 | 504878.397 | 6601572.030 | 1833.873 | -60 | 350 | 54 | ||
| GNRC072 | 504877.872 | 6601568.814 | 1833.843 | -70 | 350 | 72 | ||
| GNRC075 | 504842.742 | 6601573.984 | 1835.428 | -60 | 350 | 60 |
Challenger Exploration Limited ACN 123 591 382 ASX: CEL
Issued Capital
973.8m shares 49.6m options 120m perf shares 16m perf rights
Australian Registered Office Level 1 1205 Hay Street West Perth WA 6005
Directors
Mr Kris Knauer, MD and CEO Mr Scott Funston, Finance Director Mr Fletcher Quinn , Chairman
Contact
T: +61 8 6380 9235
www.challengerex.com
| Criteria | JORC Code explanation | JORC Code explanation | Commentary | ||
|---|---|---|---|---|---|
| GNRC076 504828.279 6601539.638 1835.244 -60 |
115 | 76 | |||
| GNRC078 504842.744 6601450.106 1830.180 -60 |
115 | 70 | |||
| GNRC080 504864.734 6601560.758 1834.333 -60 |
115 | 86 | |||
| GNRC081 504815.835 6601460.850 1832.033 -73 |
115 | 86 | |||
| GNRC084 504965.730 6601530.280 1836.056 -55 |
030 | 145 | |||
| GNRC086 504838.724 6601402.481 1829.645 -60 |
115 | 60 | |||
| GNRC087 504858.585 6601345.400 1828.417 -60 |
115 | 30 | |||
| GNRC090 504821.284 6601359.986 1829.379 -60 |
115 | 60 | |||
| GNRC091 504789.111 6601376.410 1830.448 -60 |
115 | 80 | |||
| GNRC094 504852.454 6601307.187 1827.304 -60 |
115 | 60 | |||
| GNRC097 504831.396 6601289.723 1827.153 -60 |
115 | 70 | |||
| GNRC098 504784.865 6601253.409 1827.869 -76 |
115 | 96 | |||
| GNRC104 504780.186 6601228.313 1827.663 -64 |
115 | 150 | |||
| GNRC107 504623.1 6600197.1 1823.3 -60 |
185 | 120 | |||
| GNRC110 504502.0 6600107.0 1814.0 -62 |
90 | 60 | |||
| GNRC111 504427.8 6599739.8 1796.4 -60 |
115 | 120 | |||
| Drill sample | - | Method of recording and assessing | Drill core is placed into wooden boxes by the drillers and depth marks are indicated on wooden blocks at the end of each | ||
| recovery | core and chip sample recoveries and | run. These depths are reconciled by CEL geologists when measuring core recovery. | |||
| - | results assessed. Measures taken to maximise sample |
Triple tube drilling has been being done by CEL to maximise core recovery. |
|||
| recovery and ensure representative | RC sub-samples are collected from a rotary splitter mounted to the face sample recovery cyclone. A 2-4 kg sub-samples is | ||||
| nature of the samples. | collected for each metre of RC drilling. Duplicate samples are taken at the rate of I every 25-30 samples using a riffle | ||||
| - | Whether a relationship exists between sample recovery and grade |
splitter to split out a 2-4 kg sub-sample. The whole sample recovered is weighed to measure sample recovery and consistency in sampling. |
|||
| and whether sample bias may have | A possible relationship has been observed between historic sample recovery and Au Ag or Zn grade whereby low | ||||
| occurred due to preferential | recoveries have resulted in underreporting of grade. Insufficient information is not yet available to more accurately | ||||
| loss/gain of fine/coarse material. | quantify this. Core recovery is influenced by the intensity of natural fracturing in the | rock. A positive correlation between | |||
| recovery and RQD has been observed. The fracturing is generally post mineral and not directly associated with the | |||||
| mineralisation. | |||||
| Logging | - | Whether core and chip samples have | Detailed logs are available for most of the historical drilling. Some logs have not been recovered. No core photographs |
||
| been geologically and geotechnically | from the historic drilling have been found. No drill core has survived due to poor storage and neglect. No RC sample chips |
||||
| logged to a level of detail to support | have been found. |
Challenger Exploration Limited ACN 123 591 382 ASX: CEL
Issued Capital
973.8m shares
49.6m options
120m perf shares
Australian Registered Office Level 1 1205 Hay Street West Perth WA 6005
Directors
Mr Kris Knauer, MD and CEO
Mr Scott Funston, Finance Director
Mr Fletcher Quinn , Chairman
Contact
T: +61 8 6380 9235
16m perf rights
www.challengerex.com
| Criteria JORC Code explanation |
Commentary |
|---|---|
| appropriate Mineral Resource estimation mining studies and metallurgical studies. - Whether logging is qualitative or quantitative in nature. Core (or costean channel etc) photography. - The total length and percentage of the relevant intersections logged. |
For CEL drilling, all the core is logged for recovery RQD weathering lithology alteration mineralization and structure to a level that is suitable for geological modelling resource estimation and metallurgical test work. RC drill chips are logged for geology, alteration, and mineralisation. Where possible logging is quantitative. Geological logging is done in MS Excel in a format that can readily be transferred to a database which holds all drilling logging sample and assay data. |
| Sub-sampling techniques and sample preparation - If core whether cut or sawn and whether quarter half or all core taken. - If non-core whether riffled tube sampled rotary split etc and whether sampled wet or dry. - For all sample types the nature quality and appropriateness of the sample preparation technique. - Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples. - Measures taken to ensure that the sampling is representative of the in- situ material collected including for instance results for field duplicate/second-half sampling. - Whether sample sizes are appropriate to the grain size of the material being sampled. |
Competent drill core is cut longitudinally using a diamond saw for sampling of ½ the core. Soft core is split using a wide blade chisel or a manual core split press. The geologist logging the core indicates on the drill core where the saw cut is to be made to ensure half-core sample representivity. Sample intervals are selected based on lithology alteration and mineralization boundaries. Sample lengths average 1.38m. No second-half core samples have been submitted. The second half of the core samples has been retained in the core trays for future reference. From hole GNDD073, duplicate diamond core samples have been collected for every 25-30m drilled. The duplicate diamond core samples are ¼ core samples. Duplicate core sample results and correlation plots (log scale for Au, Ag and Zn) are shown below: n RSQ mean median variance original duplicate original duplicate original duplicate Au (ppm) 971 0.977 0.149 0.150 0.009 0.009 2.215 2.835 Ag (ppm) 971 0.709 0.79 0.69 0.21 0.19 13.15 7.15 Cd (ppm) 971 0.984 3.04 2.73 0.16 0.15 520.20 463.80 Cu (ppm) 971 0.393 19.65 16.00 3.60 3.40 1.3E+04 5.4E+03 Fe (%) 971 0.978 1.585 1.567 1.620 1.620 2.9 2.8 Pb (ppm) 971 0.971 114.7 112.9 15.7 15.1 5.7E+05 7.6E+05 S (%) 971 0.983 0.357 0.348 0.110 0.110 0.889 0.832 Zn (ppm) 971 0.979 508 472 85 80 1.3.E+07 1.2.E+07 n=count RSQ = R squared The correlation for Cu is poor because of 1 pair, where Cu results vary significantly. Removing this outlier provides at RSQ for Cu of 0.945 |
Challenger Exploration Limited ACN 123 591 382 ASX: CEL
Issued Capital
973.8m shares 49.6m options 120m perf shares
Australian Registered Office Level 1 1205 Hay Street West Perth WA 6005
Directors
Mr Kris Knauer, MD and CEO
Mr Scott Funston, Finance Director
Mr Fletcher Quinn , Chairman
Contact
T: +61 8 6380 9235
16m perf rights
www.challengerex.com
Criteria
JORC Code explanation
Commentary
==> picture [454 x 144] intentionally omitted <==
RC sub-samples over 1m intervals are collected at the drill site from a cyclone mounted on the drill rig. A duplicate RC sample is collected for every 25-30m drilled.
The duplicate RC sample results and correlation plots (log scale for Au, Ag and Zn) are shown below:
| n RSQ |
mean original duplicate |
median original duplicate |
variance original duplicate |
|---|---|---|---|
| Au (ppm) 85 0.799 0.101 0.140 0.017 0.016 0.041 0.115 Ag (ppm) 85 0.691 1.74 2.43 0.59 0.58 13.59 64.29 Cd (ppm) 85 0.989 15.51 16.34 0.41 0.44 4189 4737 Cu (ppm) 85 0.975 47.74 53.86 5.80 5.70 2.4E+04 3.1E+04 Fe (%) 85 0.997 1.470 1.503 0.450 0.410 7.6 7.6 Pb (ppm) 85 0.887 296.0 350.6 26.3 32.4 6.0E+05 7.4E+05 S (%) 85 0.972 0.113 0.126 0.020 0.020 0.046 0.062 Zn (ppm) 85 0.977 3399 3234 158 177 2.5.E+08 2.1.E+08 n=count RSQ = R squared |
Challenger Exploration Limited ACN 123 591 382 ASX: CEL
Issued Capital
973.8m shares 49.6m options 120m perf shares
Australian Registered Office
Level 1
1205 Hay Street
West Perth WA 6005
Directors
Mr Kris Knauer, MD and CEO Mr Scott Funston, Finance Director
Mr Fletcher Quinn , Chairman
Contact
T: +61 8 6380 9235
16m perf rights
www.challengerex.com
| Criteria | JORC Code explanation | JORC Code explanation |
|---|---|---|
| Quality of assay | - | The nature quality and |
| data and laboratory tests |
appropriateness of the assaying and laboratory procedures used and whether the technique is considered |
|
| partial or total. | ||
| - | For geophysical tools spectrometers | |
| handheld XRF instruments etc the |
Commentary
==> picture [390 x 124] intentionally omitted <==
CEL samples have been submitted to the MSA laboratory in San Juan and the ALS laboratory in Mendoza for sample preparation. The sample preparation technique is considered appropriate for the style of mineralization present in the Project.
Sample sizes are appropriate for the mineralisation style and grain size of the deposit.
39 duplicate channel sample assays have been collected from the underground sampling program. These data show more scatter due to mobilisation of Au, Ag and Zn due to surface weathering.
==> picture [390 x 124] intentionally omitted <==
The MSA laboratory used for sample preparation in San Juan has been inspected by Stuart Munroe (Exploration Manager) and Sergio Rotondo (COO) prior to any samples being submitted. The laboratory procedures are consistent with international best practice and are suitable for samples from the Project. The SGS laboratory in San Juan and the ALS laboratory in Mendoza has not yet been inspected by CEL representatives.
Internal laboratory standards were used for each job to gauge precision and accuracy of assays reported.
CEL submit blank samples (cobble and gravel material from a quarry nearby to Las Flores San Yuan) with drill core, RC subsamples and channel sample to the MSA laboratory, ALS laboratory and SGS laboratory. The blank samples are
Challenger Exploration Limited ACN 123 591 382 ASX: CEL
Issued Capital
973.8m shares 49.6m options 120m perf shares 16m perf rights
Australian Registered Office Level 1 1205 Hay Street West Perth WA 6005
Directors
Mr Kris Knauer, MD and CEO
Mr Scott Funston, Finance Director Mr Fletcher Quinn , Chairman
Contact
T: +61 8 6380 9235
www.challengerex.com
| Criteria | JORC Code explanation | JORC Code explanation | Commentary |
|---|---|---|---|
| parameters used in determining the | strategically placed in the sample sequence immediately after samples that were suspected of containing high grade Au Ag | ||
| analysis including instrument make | Zn or Cu to test the lab preparation contamination procedures. The values received from the blank samples suggest rare | ||
| and model reading times | cross contamination of samples during sample preparation. | ||
| calibrations factors applied and their | |||
| derivation etc. | |||
| - | Nature of quality control procedures | ||
| adopted (eg standards blanks | |||
| duplicates external laboratory | |||
| checks) and whether acceptable | |||
| levels of accuracy (i.e. lack of bias) | |||
| and precision have been established. | |||
| For GNDD001 – GNDD010 samples analysed by MSA in 2019, three different Certified Standard Reference pulp samples | |||
| (CRM) with known values for Au Ag Pb Cu and Zn have been submitted with samples of drill core to test the precision and | |||
| accuracy of the analytic procedures and determination of the MSA laboratory in Canada Two of the standards were only | |||
| used 4 times each and the third . 26 reference analyses were analysed in the samples submitted in 2019. For CRM 1 one | |||
| sample returned an Au value > 2 standard deviations (SD) above the certified value. For CRM 2 one sample returned an Au | |||
| value < 2SD below the certified value. For CRM 3 (graphs below) one sample returned a Cu value > 2SD above the certified | |||
| value. All other analyses are within 2SD of the expected value. The standards demonstrate suitable precision and | |||
| accuracy of the analytic process. No systematic bias is observed. | |||
| For drill holes from GNDD011 and unsampled intervals from the 2019 drilling, 11 different Certified Standard Reference | |||
| pulp samples (CRM) with known values for Au Ag Fe S Pb Cu and Zn have been submitted with samples of drill core to test | |||
| the precision and accuracy of the analytic procedures of the MSA and ALS laboratories. In the results received to date | |||
| there has been no observed bias in results of the CRM. The standards demonstrate suitable precision and accuracy of the | |||
| analytic process. No systematic bias is observed. A summary of the standard deviations from the expected values for | |||
| CRM’s used is summarised below. Generally, an average of standard deviations close to zero indicates a high degree of | |||
| accuracy and a low range of standard deviations with a low fail count indicates a high degree of precision. | |||
| 37 standard (CRM) sample assays submitted with the channel samples have been finalised. The results are consistent with | |||
| CRM submitted with drill core samples. |
Challenger Exploration Limited ACN 123 591 382 ASX: CEL
Issued Capital
973.8m shares 49.6m options 120m perf shares 16m perf rights
Australian Registered Office Level 1 1205 Hay Street
West Perth WA 6005
Directors
Mr Kris Knauer, MD and CEO Mr Scott Funston, Finance Director Mr Fletcher Quinn , Chairman
Contact
T: +61 8 6380 9235 E: [email protected]
www.challengerex.com
==> picture [725 x 407] intentionally omitted <==
----- Start of picture text -----
Criteria JORC Code explanation Commentary
----- End of picture text -----
Challenger Exploration Limited ACN 123 591 382 ASX: CEL
Issued Capital
973.8m shares 49.6m options 120m perf shares 16m perf rights
Australian Registered Office
Level 1 1205 Hay Street West Perth WA 6005
Directors
Mr Kris Knauer, MD and CEO Mr Scott Funston, Finance Director Mr Fletcher Quinn , Chairman
Contact
T: +61 8 6380 9235 E: [email protected]
www.challengerex.com
==> picture [725 x 404] intentionally omitted <==
----- Start of picture text -----
Criteria JORC Code explanation Commentary
----- End of picture text -----
Challenger Exploration Limited ACN 123 591 382 ASX: CEL
Issued Capital
973.8m shares 49.6m options 120m perf shares 16m perf rights
Australian Registered Office
Level 1 1205 Hay Street West Perth WA 6005
Directors
Mr Kris Knauer, MD and CEO Mr Scott Funston, Finance Director Mr Fletcher Quinn , Chairman
Contact
T: +61 8 6380 9235 E: [email protected]
www.challengerex.com
| Criteria | JORC Code explanation | JORC Code explanation | Commentary |
|---|---|---|---|
| Verification of | - | The verification of significant | Repeat sampling of 186 coarse reject samples from 2019 drilling has been done to verify sampling. Original samples were |
| sampling and | intersections by either independent | from the 2019 DD drilling which were analysed by MSA (San Juan preparation and Vancouver analysis). Repeat samples | |
| assaying | - | or alternative company personnel. The use of twinned holes. |
were analysed by ALS (Mendoza preparation and Vancouver analysis). The repeat analysis technique was identical to the original. The repeat analyses correlate very closely with the original analyses providing a high confidence in the sample |
| - | Documentation of primary data entry procedures data verification data storage (physical and |
preparation and analysis from MSA and ALS. A summary of the results for the 186 sample pairs for key elements is provided below: |
|
| electronic) protocols. | |||
| - | Discuss any adjustment to assay | ||
| data. |
Challenger Exploration Limited ACN 123 591 382 ASX: CEL
Issued Capital
973.8m shares 49.6m options 120m perf shares 16m perf rights
Australian Registered Office Level 1 1205 Hay Street
West Perth WA 6005
Directors
Mr Kris Knauer, MD and CEO Mr Scott Funston, Finance Director Mr Fletcher Quinn , Chairman
Contact
T: +61 8 6380 9235 E: [email protected]
www.challengerex.com
| Criteria JORC Code explanation |
Commentary | |||
|---|---|---|---|---|
| Mean Element MSA ALS |
Median MSA ALS |
Std Deviation MSA ALS |
||
| Au (FA and GFA ppm) 4.24 4.27 Ag (ICP and ICF ppm) 30.1 31.1 Zn ppm (ICP ppm and ICF %) 12312 12636 Cu ppm (ICP ppm and ICF %) 464 474 Pb ppm (ICP ppm and ICF %) 1944 1983 S (ICP and ICF %) 2.05 1.95 Cd (ICP ppm) 68.5 68.8 As (ICP ppm)) 76.0 79.5 Fe (ICP %) 4.96 4.91 REE(ICPppm) 55.1 56.2 |
0.50 0.49 5.8 6.2 2574 2715 74 80 403 427 0.05 0.06 12.4 12.8 45.8 47.6 2.12 2.19 28.7 31.6 |
11.15 11.00 72.4 73.9 32648 33744 1028 1050 6626 6704 5.53 5.10 162.4 159.3 88.1 90.6 6.87 6.72 98.2 97.6 |
||
| Location of data points - Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys) trenches mine workings and other locations used in Mineral Resource estimation. - Specification of thegrid system |
Following completion of drilling collars are surveyed using a differential GPS (DGPS) relative into the Argentinian SGM survey. The locations have been surveyed in POSGAR 2007 zone 2 and converted to WGS84 UTM zone 19s. Following completion of the channel sampling, the location of the channel samples taken underground is surveyed from a survey mark at the entrance to the underground which is located using differential GPS. The locations have been surveyed in POSGAR 2007 zone 2 and converted to WGS84 UTM zone 19s. |
Challenger Exploration Limited
ACN 123 591 382 ASX: CEL
Issued Capital
973.8m shares 49.6m options 120m perf shares 16m perf rights
Australian Registered Office
Level 1 1205 Hay Street West Perth WA 6005
Directors
Mr Kris Knauer, MD and CEO Mr Scott Funston, Finance Director Mr Fletcher Quinn , Chairman
Contact
T: +61 8 6380 9235
www.challengerex.com
| Criteria | JORC Code explanation | JORC Code explanation | Commentary |
|---|---|---|---|
| used. | The drill machine is set-up on the drill pad using hand-held equipment according to the proposed hole design. | ||
| - | Quality and adequacy of topographic control. |
Diamond core drill holes are surveyed at 30-40m intervals down hole using a Reflex tool. RC drill holes are surveyed down hole every 10 metres using a gyroscope to avoid magnetic influence from the drill rods. |
|
| All current and previous drill collar sites, Minas corner pegs and strategic surface points have been surveyed using DGPS to | |||
| provide topographic control for the Project. | |||
| Data spacing and | - | Data spacing for reporting of | No regular drill hole spacing has been applied across the Project, although a nominal 40m x 40m drill spacing is being |
| distribution | Exploration Results. | applied to infill and extension drilling where appropriate. The current drilling is designed to check previous exploration, | |
| - | Whether the data spacing and | extend mineralisation along strike, and provide some information to establish controls on mineralization and exploration | |
| distribution is sufficient to establish | potential. No Mineral Resource Estimate to JORC 2012 reporting standards has been made at this time. | ||
| the degree of geological and grade | Samples have not been composited. | ||
| continuity appropriate for the | |||
| Mineral Resource and Ore Reserve | |||
| estimation procedure(s) and | |||
| classifications applied. | |||
| - | Whether sample compositing has | ||
| been applied. | |||
| Orientation of data | - | Whether the orientation of sampling | As far as is currently understood and where practicable, the orientation of sampling achieves unbiased sampling of |
| in relation to | achieves unbiased sampling of | structures and geology controlling the mineralisation. | |
| geological structure | possible structures and the extent to which this is known considering the deposit type. |
For underground channel sampling, the orientation of the sample is determined by the orientation of the workings. Where the sampling is parallel with the strike of the mineralisation, plans showing the location of the sampling relative to the orientation of the mineralisation, weighted average grades and estimates of true thickness are provided to provide a |
|
| - | If the relationship between the | balanced report of the mineralisation that has been sampled. | |
| drilling orientation and the | |||
| orientation of key mineralised | Drilling has been designed to provide an unbiased sample of the geology and mineralisation targeted. | ||
| structures is considered to have | |||
| introduced a sampling bias this | |||
| should be assessed and reported if | |||
| material. | |||
| Sample security | - | The measures taken to ensure | Samples were under constant supervision by site security, senior personnel, and courier contractors prior to delivery to |
| sample security. | the preparation laboratories in San Juan and Mendoza. | ||
| Audits or reviews | - | The results of any audits or reviews | There has not yet been any independent reviews of the sampling techniques and data. |
| of sampling techniques and data. |
Challenger Exploration Limited ACN 123 591 382 ASX: CEL
Issued Capital
973.8m shares 49.6m options 120m perf shares
Australian Registered Office Level 1 1205 Hay Street West Perth WA 6005
Directors
Mr Kris Knauer, MD and CEO Mr Scott Funston, Finance Director Mr Fletcher Quinn , Chairman
Contact
T: +61 8 6380 9235
16m perf rights
www.challengerex.com
Section 2 Reporting of Exploration Results
(Criteria listed in the preceding section also apply to this section.)
| Criteria JORC Code explanation |
Commentary | Commentary | Commentary | Commentary | Commentary | Commentary |
|---|---|---|---|---|---|---|
| Mineral tenement and land tenure status - Type reference name/number location and ownership including agreements or material issues with third parties such as joint ventures partnerships overriding royalties native title interests historical sites wilderness or national park and environmental settings. - The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area. |
The current Hualilan project comprises 15 Minas (equivalent of mining leases) and 2 Demasias (mining lease extensions), an additional 8 Minas and 3 exploration licences (Cateos) under a farmin agreement and a further 4 Cateos directly held. This covers all of the currently defined mineralization and surrounding prospective ground. There are no royalties on the project. CEL is earning a 75% interest in the Project by funding exploration to a Definitive Feasibility Study (DFS). Granted mining leases (Minas Otorgadas) at the Hualilan Project Name Number Current Owner Status Grant Date Area (ha) Cerro Sur Divisadero 5448-M-1960 Golden Mining S.R.L. Granted 30/04/2015 6 Flor de Hualilan 5448-M-1960 Golden Mining S.R.L. Granted 30/04/2015 6 Pereyra y Aciar 5448-M-1960 Golden Mining S.R.L. Granted 30/04/2015 6 Bicolor 5448-M-1960 Golden Mining S.R.L. Granted 30/04/2015 6 Sentazon 5448-M-1960 Golden Mining S.R.L. Granted 30/04/2015 6 Muchilera 5448-M-1960 Golden Mining S.R.L. Granted 30/04/2015 6 Magnata 5448-M-1960 Golden Mining S.R.L. Granted 30/04/2015 6 Pizarro 5448-M-1960 Golden Mining S.R.L. Granted 30/04/2015 6 Cerro Norte La Toro 5448-M-1960 CIA GPL S.R.L. Granted 30/04/2015 6 La Puntilla 5448-M-1960 CIA GPL S.R.L. Granted 30/04/2015 6 |
|||||
| Name | Number | Current Owner | Status | Grant Date | Area (ha) | |
| Cerro Sur | ||||||
| Divisadero | 5448-M-1960 | Golden Mining S.R.L. |
Granted | 30/04/2015 | 6 | |
| Flor de Hualilan | 5448-M-1960 | Golden Mining S.R.L. |
Granted | 30/04/2015 | 6 | |
| Pereyra y Aciar | 5448-M-1960 | Golden Mining S.R.L. |
Granted | 30/04/2015 | 6 | |
| Bicolor | 5448-M-1960 | Golden Mining S.R.L. |
Granted | 30/04/2015 | 6 | |
| Sentazon | 5448-M-1960 | Golden Mining S.R.L. |
Granted | 30/04/2015 | 6 | |
| Muchilera | 5448-M-1960 | Golden Mining S.R.L. |
Granted | 30/04/2015 | 6 | |
| Magnata | 5448-M-1960 | Golden Mining S.R.L. |
Granted | 30/04/2015 | 6 | |
| Pizarro | 5448-M-1960 | Golden Mining S.R.L. |
Granted | 30/04/2015 | 6 | |
| Cerro Norte | ||||||
| La Toro | 5448-M-1960 | CIA GPL S.R.L. | Granted | 30/04/2015 | 6 | |
| La Puntilla | 5448-M-1960 | CIA GPL S.R.L. | Granted | 30/04/2015 | 6 |
Issued Capital
973.8m shares 49.6m options 120m perf shares
Australian Registered Office Level 1 1205 Hay Street West Perth WA 6005
Directors
Mr Kris Knauer, MD and CEO Mr Scott Funston, Finance Director
Mr Fletcher Quinn , Chairman
Contact
T: +61 8 6380 9235
16m perf rights
Challenger Exploration Limited ACN 123 591 382 ASX: CEL
www.challengerex.com
| Criteria JORC Code explanation |
Commentary | ||||||
|---|---|---|---|---|---|---|---|
| Pique de Ortega | 5448-M-1960 | CIA GPL S.R.L. | Granted | 30/04/2015 | 6 | ||
| Descrubidora | 5448-M-1960 | CIA GPL S.R.L. | Granted | 30/04/2015 | 6 | ||
| Pardo | 5448-M-1960 | CIA GPL S.R.L. | Granted | 30/04/2015 | 6 | ||
| Sanchez | 5448-M-1960 | CIA GPL S.R.L. | Granted | 30/04/2015 | 6 | ||
| Andacollo | 5448-M-1960 | CIA GPL S.R.L. | Granted | 30/04/2015 | 6 | ||
| Mining Lease extensions (Demasias) at | the Hualilan Project | ||||||
| Name | Number | Current Owner | Status | Grant date | Area (ha) | ||
| Cerro Sur | |||||||
| North of "Pizarro" Mine |
195-152-C-1981 | Golden Mining S.R.L. |
Granted | 05/12/2014 | 1.9 | ||
| Cerro Norte | |||||||
| South of "La Toro" Mine |
195-152-C-1981 | CIA GPL S.R.L. | Granted | 05/12/2014 | 1.9 | ||
| Mining Lease Farmin Agreements | |||||||
| Name | Number | Transfrred to CEL | Status | Grant Date | Area (ha) | ||
| Marta Alicia | 2260-S-58 | Yes | Current | 23.54 | |||
| Marta | 339.154-R-92 | Yes | Current | 478.50 | |||
| Marta 1 | 339.153-R-92 | Yes | Current | 163.42 | |||
| AK4 | 1124.299-R-18 | Yes | Current | 1500.00 | |||
| Solitario 1-5 | 545.604-C-94 | Yes | Current | 685.00 | |||
| Solitario 1-4 | 545.605-C-94 | Yes | Current | 310.83 | |||
| Solitario 1-1 | 545.608-C-94 | Yes | Subject to Approval |
TBA | |||
| Solitario 6-1 | 545.788-C-94 | Yes | Subject to Approval |
TBA |
Challenger Exploration Limited ACN 123 591 382 ASX: CEL
Issued Capital
973.8m shares 49.6m options 120m perf shares 16m perf rights
Australian Registered Office Level 1 1205 Hay Street West Perth WA 6005
Directors
Mr Kris Knauer, MD and CEO Mr Scott Funston, Finance Director
Mr Fletcher Quinn , Chairman
Contact
T: +61 8 6380 9235
www.challengerex.com
| Criteria JORC Code explanation |
Commentary | |||||
|---|---|---|---|---|---|---|
| Exploration Licence | Farmin Agreements | |||||
| Name | Number | Transfrred to CEL | Status | Grant Date | Area (ha) | |
| 295.122-R-1989 | Yes | Current | 1882.56 | |||
| 228.441-R-1993 | Yes | Subject to Approval |
2800.00 | |||
| 545.880-O-1994 | Yes | Current | 149.99 | |||
| Exploration Licences Held (Direct Award) | ||||||
| Name | Number | Transfrred to CEL | Status | Grant Date | Area (ha) | |
| Ayen | 1124.495-I-20 | Yes | Current | 2059.60 | ||
| 1124-248G-20 | Yes | Current | 933.20 | |||
| 1124-188-G-20 | Yes | Current | 267.40 | |||
| 1124-188-G-20 | Yes | Current | 600.00 | |||
| Exploration done by other parties - Acknowledgment and appraisal of exploration by other parties. |
Intermittent sampling dating back over 500 years has produced a great deal of information and data including sampling geologic maps reports trenching data underground workings drill hole results geophysical surveys resource estimates plus property examinations and detailed studies by several geologists. Prior to the current exploration no work has been completed since 2006. There is 6 km of underground workings that pass through mineralised zones. Records of the underground geology and sampling have been compiled and digitised as are sample data geological mapping trench data adit exposures and drill hole results. Historic geophysical surveys exist but have largely yet to be check located and digitised. Drilling on the Hualilan Project (Cerro Sur and Cerro Norte combined) extends to over 150 drill holes. The key historical exploration drilling and sampling results are listed below. - 1984 – Lixivia SA channel sampling & 16 RC holes (AG1-AG16) totalling 2040m - 1995 - Plata Mining Limited (TSE: PMT) 33 RC holes (Hua- 1 to 33) + 1500 samples - 1998 – Chilean consulting firm EPROM (on behalf of Plata Mining) systematic underground mapping and channel sampling - 1999 – Compania Mineral El Colorado SA (“CMEC”) 59 core holes (DDH-20 to 79) plus 1700m RC program |
Challenger Exploration Limited ACN 123 591 382 ASX: CEL
Issued Capital
973.8m shares 49.6m options 120m perf shares
Australian Registered Office Level 1 1205 Hay Street West Perth WA 6005
Directors
Mr Kris Knauer, MD and CEO Mr Scott Funston, Finance Director Mr Fletcher Quinn , Chairman
Contact
T: +61 8 6380 9235
16m perf rights
www.challengerex.com
| Criteria | JORC Code explanation | JORC Code explanation | Commentary |
|---|---|---|---|
| - 2003 – 2005 – La Mancha (TSE Listed) undertook 7447m of DDH core drilling (HD-01 to HD-48) |
|||
| - Detailed resource estimation studies were undertaken by EPROM Ltda. (EPROM) in 1996 and CMEC (1999 revised |
|||
| 2000) both of which were written to professional standards and La Mancha 2003 and 2006. | |||
| - The collection of all exploration data by the various operators was of a high standard and had appropriate |
|||
| samplingtechniques intervals and custody procedures were used. | |||
| Geology | - | Deposit type geological setting and | Mineralisation occurs in all rock types where it preferentially replaces limestone, shale and sandstone and occurs in fault |
| style of mineralisation. | zones and in fracture networks within dacitic intrusions. | ||
| The mineralisation has previously been classified as a Zn-Cu distal skarn (or manto-style skarn) with vein-hosted Au-Ag | |||
| mineralisation. It has been divided into three phases – prograde skarn retrograde skarn and a late quartz–galena event | |||
| the evolution of the hydrothermal system and mineral paragenesis is the subject of more detailed geometallurgical work. | |||
| Gold occurs in native form and as inclusions with sulphide and pyroxene. The mineralisation also commonly contains | |||
| pyrite, chalcopyrite sphalerite and galena with rare arsenopyrite, pyrrhotite and magnetite. | |||
| Mineralisation is either parallel to bedding in bedding-parallel faults, in veins or breccia matric within fractured dacitic | |||
| intrusions, at lithology contacts or in east-west striking steeply dipping siliceous faults that cross the bedding at a high | |||
| angle. The faults have thicknesses of 1–4 m and contain abundant sulphides. The intersection between the bedding- | |||
| parallel mineralisation and east-striking cross veins seems to be important in localising the mineralisation. | |||
| Drill hole | - | A summary of all information material | The following significant intersections have been reported by previous explorers. A cut-off grade of 1 g/t Au equivalent |
| Information | to the understanding of the exploration | has been used with up to 2m of internal diltion or a cut-off grade of 0.2 g/t Au equivalent and up to 4m of internal diltion |
|
| results including a tabulation of the | has been allowed. No metallurcial or recovery factors have been used. Drill collar location is provided in the previous | ||
| following information for all Material | section. | ||
| drill holes: | Hole_id From(m) Interval(m) Au(g/t) Ag (g/t) Zn(%) |
||
| - | easting and northing of the drill hole | AG16 38.6 1.2 0.1 28.6 1.7 |
|
| collar | MG10 108.0 3.0 1.3 No assay No assay |
||
| - | elevation or RL (Reduced Level – | DDH36 24.7 9.3 1.6 46.3 1.2 |
|
| elevation above sea level in metres) of | DDH53 17.3 1.4 1.0 1.7 0.00 |
||
| the drill hole collar | DDH53 24.0 8.9 3.7 239.5 0.03 |
||
| - | dip and azimuth of the hole | DDH53 35.7 3.9 3.9 87.8 0.06 |
|
| - | down hole length and interception | DDH53 41.0 3.0 2.6 7.6 0.20 |
|
| depth | DDH54 20.0 1.1 1.2 0.7 0.00 |
||
| - | hole length. | DDH54 31.1 8.3 3.9 32.1 0.80 |
|
| - | If the exclusion of this information is | DDH65 62.0 8.2 11.0 60.6 1.2 |
|
| justified on the basis that the | DDH65 82.0 1.0 1.8 33.4 0.30 |
||
| information is not Material and this | DDH66 83.1 7.2 23.7 42.9 2.4 |
||
| exclusion does not detract from the | DDH66 87.9 2.4 69.9 114.4 2.2 |
Challenger Exploration Limited
ACN 123 591 382
ASX: CEL
Issued Capital
973.8m shares
49.6m options
120m perf shares
Australian Registered Office
Directors
Level 1 Mr Kris Knauer, MD and CEO 1205 Hay Street Mr Scott Funston, Finance Director West Perth WA 6005 Mr Fletcher Quinn , Chairman
Contact
T: +61 8 6380 9235 E: [email protected]
16m perf rights
www.challengerex.com
| Criteria | JORC Code explanation | Commentary | |||||
|---|---|---|---|---|---|---|---|
| understanding of the report the | DDH66 | 104.9 | 2.8 | 1.8 | 29.0 | 0.10 | |
| Competent Person should clearly | DDH67 | 98.7 | 1.3 | 0.2 | 7.8 | 1.3 | |
| explain why this is the case. | DDH68 | 4.0 | 17.9 | 2.2 | 6.3 | 0.20 | |
| DDH68 | 73.7 | 0.5 | 0.8 | 9.0 | 1.2 | ||
| DDH69 | 4.0 | 16.1 | 2.3 | 1.6 | 0.10 | ||
| DDH69 | 76.9 | 0.3 | 0.1 | 7.0 | 28.0 | ||
| DDH69 | 79.7 | 0.8 | 1.3 | 120.0 | 4.5 | ||
| DDH70 | 84.0 | 7.0 | 5.2 | 13.5 | 0.70 | ||
| DDH71 | 11.0 | 2.0 | 0.5 | 218.0 | 0.06 | ||
| DDH71 | 39.9 | 1.0 | 1.3 | 6.0 | 0.03 | ||
| DDH71 | 45.5 | 1.1 | 0.4 | 22.8 | 0.60 | ||
| DDH71 | 104.0 | 10.0 | 33.5 | 126.7 | 7.9 | ||
| DDH72 | 26.0 | 11.7 | 3.8 | 14.1 | 1.3 | ||
| DDH72 | 52.7 | 6.3 | 1.5 | 30.4 | 0.04 | ||
| DDH73 | 62.5 | 3.5 | 0.5 | 15.6 | 0.60 | ||
| DDH74 | 119.9 | 0.5 | 7.3 | 98.5 | 2.6 | ||
| DDH76 | 61.3 | 0.7 | 4.0 | 11.1 | 0.50 | ||
| DDH76 | 74.4 | 4.0 | 0.8 | 8.8 | 0.30 | ||
| DDH76 | 84.8 | 1.2 | 1.4 | 10.9 | 2.0 | ||
| DDH78 | 109.1 | 0.7 | 1.1 | 13.4 | 1.9 | ||
| 03HD01A | 90.1 | 1.7 | 2.1 | 37.4 | 2.4 | ||
| 03HD03 | 55.0 | 2.4 | 2.5 | 25.6 | 2.3 | ||
| 04HD05 | 80.3 | 2.0 | 0.9 | 42.7 | 0.02 | ||
| 04HD05 | 97.5 | 1.8 | 1.9 | 35.0 | 0.04 | ||
| 04HD05 | 102.0 | 1.0 | 1.3 | 42.1 | 0.01 | ||
| 04HD05 | 106.0 | 1.0 | 0.7 | 28.0 | 0.05 | ||
| 04HD05 | 108.0 | 5.6 | 2.8 | 19.9 | 1.2 | ||
| 04HD06 | 65.4 | 1.2 | 46.6 | 846.0 | 0.50 | ||
| 04HD06 | 75.0 | 1.0 | 1.0 | 2.9 | 0.01 | ||
| 04HD06 | 104.5 | 7.6 | 1.8 | 5.0 | 1.2 | ||
| 04HD06 | 115.1 | 0.9 | 16.4 | 23.1 | 7.7 | ||
| 04HD07 | 98.3 | 2.2 | 1.4 | 32.5 | 0.90 | ||
| 04HD10 | 44.3 | 0.2 | 3.9 | 81.5 | 5.6 | ||
| 04HD10 | 55.5 | 0.5 | 1.3 | 11.5 | 0.46 | ||
| 04HD10 | 78.6 | 1.7 | 4.8 | 93.7 | 2.4 | ||
| 04HD11 | 28.0 | 1.0 | 0.1 | 9.3 | 1.4 | ||
| 04HD12 | 49.3 | 0.7 | 1.5 | 16.1 | 0.10 |
Challenger Exploration Limited ACN 123 591 382 ASX: CEL
Issued Capital
973.8m shares 49.6m options 120m perf shares
Australian Registered Office Level 1 1205 Hay Street West Perth WA 6005
Directors
Mr Kris Knauer, MD and CEO Mr Scott Funston, Finance Director Mr Fletcher Quinn , Chairman
Contact
T: +61 8 6380 9235 E: [email protected]
16m perf rights
www.challengerex.com
| Criteria JORC Code explanation |
Commentary |
|---|---|
| 04HD13 61.5 1.0 0.8 7.9 0.20 04HD15 103.7 0.3 1.7 32.9 0.80 04HD16C 107.5 6.8 8.6 117.1 9.1 04HD16C 111.8 2.5 7.6 75.6 11.5 04HD16C 144.9 1.9 9.1 31.2 5.5 04HD16C 171.1 0.4 0.5 9.4 1.7 04HD17 134.9 0.7 2.5 14.3 4.1 04HD17 139.1 0.5 10.5 9.4 0.20 04HD17 199.6 0.2 0.8 3.5 5.9 04HD17 202.1 1.9 4.5 1.5 0.70 04HD20 43.2 1.8 0.9 83.9 0.20 04HD21 70.1 0.2 4.8 60.6 6.4 04HD21 141.1 0.6 12.9 105.0 4.8 04HD24 72.0 2.0 2.5 3.2 0.04 04HD24 83.0 2.0 3.1 25.3 0.04 04HD24 94.0 4.2 0.7 21.2 0.10 04HD25 92.0 1.7 2.4 51.5 6.3 04HD26 21.7 2.3 1.5 32.5 3.0 04HD28 42.8 0.4 1.9 4.5 0.10 04HD29 37.0 1.0 0.1 112.0 0.01 05HD42 90.5 1.0 1.9 6.1 0.03 05HD42 115.0 3.0 29.0 103.1 0.20 05HD43 69.0 1.0 1.8 2.3 0.01 05HD43 81.0 3.0 2.8 51.5 0.50 05HD43 90.7 2.3 1.4 29.6 0.30 05HD44 87.5 1.1 3.8 3.4 0.01 05HD44 91.2 1.4 0.0 3.6 2.8 From GNDD001 the following significant assay results have been received reported to a cut-off of 1.0 g/t AuEq (gold equivalent) unless otherwise indicated. Drill collar location is provided in the previous section. Drilling in 2019 Significant Results: Hole_id Interval(m) From Au(g/t) Ag (g/t) Zn(%) AuEq (g/t) GNDD001 10.00 27.00 0.94 4.9 0.33 1.1 (2) inc 3.00 32.00 2.3 5.8 0.50 2.6 GNDD002A 5.00 31.00 0.74 2.7 0.67 1.1 and 3.00 81.50 3.1 8.6 5.8 5.7 GNDD003 6.10 55.00 34.6 22 2.9 36.2 (1) |
Challenger Exploration Limited Issued Capital ACN 123 591 382 973.8m shares ASX: CEL 49.6m options 120m perf shares 16m perf rights
Australian Registered Office Level 1 1205 Hay Street West Perth WA 6005
Directors
Mr Kris Knauer, MD and CEO Mr Scott Funston, Finance Director Mr Fletcher Quinn , Chairman
Contact
T: +61 8 6380 9235
www.challengerex.com
| Criteria | JORC Code explanation | Commentary | |||||||
|---|---|---|---|---|---|---|---|---|---|
| GNDD004 | 20.50 | 5.50 | 1.1 | 5.3 | 0.45 | 1.4 | (2) | ||
| inc | 8.47 | 6.03 | 2.0 | 7.8 | 0.68 | 2.4 | |||
| and | 3.43 | 18.67 | 1.2 | 3.2 | 0.26 | 1.3 | |||
| GNDD005 | 19.00 | 29.00 | 1.3 | 8.1 | 0.62 | 1.6 | (2) | ||
| inc | 2.00 | 29.00 | 0.79 | 18 | 3.3 | 2.5 | |||
| and | 4.00 | 43.00 | 5.1 | 22 | 0.49 | 5.6 | |||
| and | 7.00 | 59.00 | 7.8 | 72 | 1.4 | 9.3 | |||
| inc | 3.00 | 61.00 | 16.5 | 135 | 1.6 | 18.9 | (1) | ||
| and | 10.00 | 75.00 | 0.75 | 38 | 0.27 | 1.4 | (2) | ||
| inc | 3.00 | 77.00 | 1.7 | 39 | 0.43 | 2.3 | |||
| inc | 1.00 | 83.00 | 1.2 | 156 | 0.72 | 3.5 | |||
| GNDD006 | 6.50 | 78.50 | 4.2 | 21 | 0.29 | 4.6 | |||
| inc | 3.80 | 78.50 | 6.8 | 34 | 0.41 | 7.4 | |||
| and | 1.45 | 90.00 | 2.1 | 41 | 0.92 | 3.1 | |||
| GNDD007 | 45.92 | 13.00 | 0.43 | 7.8 | 0.12 | 0.58 | (2) | ||
| inc | 3.00 | 45.00 | 1.9 | 5.2 | 0.26 | 2.0 | |||
| inc | 3.00 | 55.00 | 2.3 | 35 | 0.54 | 2.9 | |||
| GNDD007A | 27.00 | 25.00 | 0.43 | 7.2 | 0.09 | 0.56 | (2) | ||
| inc | 1.80 | 46.00 | 2.4 | 3.1 | 0.12 | 2.5 | |||
| and | 0.70 | 60.30 | 0.8 | 25 | 0.21 | 1.2 | |||
| and | 6.70 | 149.00 | 14.3 | 140 | 7.3 | 19.3 | |||
| inc | 3.06 | 150.60 | 27.5 | 260 | 12.9 | 36.5 | (1) | ||
| and | 0.60 | 176.40 | 1.9 | 6.7 | 0.99 | 2.4 | |||
| GNDD008 | 35.50 | 16.50 | 0.33 | 8.1 | 0.10 | 0.47 | (2) | ||
| inc | 1.00 | 36.00 | 1.7 | 6.2 | 0.08 | 1.9 | |||
| inc | 1.63 | 43.37 | 1.7 | 8.4 | 0.14 | 1.9 | |||
| inc | 1.15 | 47.85 | 1.2 | 16 | 0.56 | 1.7 | |||
| and | 5.70 | 91.00 | 12.3 | 182 | 0.67 | 15.0 | (1) | ||
| and | 1.00 | 99.70 | 0.93 | 43 | 0.52 | 1.7 | |||
| and | 2.40 | 107.00 | 6.3 | 222 | 1.9 | 10.0 | |||
| GNDD008A | 35.50 | 17.50 | 0.24 | 13 | 0.08 | 0.43 | (2) | ||
| and | 20.00 | 95.00 | 3.3 | 45 | 0.55 | 4.1 | (2) | ||
| inc | 2.64 | 96.60 | 22.8 | 218 | 0.68 | 25.9 | (1) | ||
| inc | 10.00 | 105.00 | 0.6 | 28.2 | 0.71 | 1.2 | |||
| GNDD009 | 7.00 | 72.00 | 2.3 | 102 | 0.08 | 3.6 | |||
| and | 3.00 | 100.00 | 0.85 | 50 | 0.02 | 1.5 | |||
| and | 10.32 | 109.10 | 10.4 | 28 | 4.6 | 12.7 |
Challenger Exploration Limited ACN 123 591 382 ASX: CEL
Issued Capital
973.8m shares 49.6m options 120m perf shares
Australian Registered Office
Directors
Level 1 Mr Kris Knauer, MD and CEO 1205 Hay Street Mr Scott Funston, Finance Director West Perth WA 6005 Mr Fletcher Quinn , Chairman
Contact
T: +61 8 6380 9235
16m perf rights
www.challengerex.com
| Criteria JORC Code explanation |
Commentary |
|---|---|
| inc 4.22 115.20 21.9 58 8.7 26.4 (1) GNDD010 32.00 27.00 0.29 8.6 0.13 0.46 (2) inc 5.00 30.00 0.65 21 0.09 0.95 and 1.30 55.00 1.1 30 0.80 1.8 and 7.22 136.00 7.5 60 1.1 8.8 (2) inc 3.00 139.00 17.7 143 2.5 20.6 (1) cut-off of 10 g/t AuEq (2) cut-off of 0.2 g/t AuEq Drilling in 2020-21 Significant Results: Hole_id from (m) interval (m) Au (g/t) Ag (g/t) Zn (%) AuEq (g/t) Cu (%) Pb (%) Note GNDD011 81.00 1.00 1.9 43 0.13 2.5 0.01 0.06 and 139.80 4.80 1.4 5.7 2.6 2.6 0.02 0.02 and 147.20 0.70 9.4 13 6.6 12.4 0.07 0.00 1 and 151.40 0.50 1.2 5.5 0.25 1.4 0.00 0.00 GNDD012 40.70 1.00 6.3 290 0.12 10.1 0.18 1.2 GNDD013 116.40 6.93 1.3 12 2.7 2.6 0.05 0.18 inc 122.50 0.83 4.0 61 10.1 9.1 0.21 1.2 GNDD014 118.50 7.55 2.4 15 3.6 4.2 0.05 0.16 GNDD015 54.00 1.00 0.69 8.6 0.39 1.0 0.03 0.24 and 156.00 1.90 1.0 31 2.8 2.6 0.02 0.79 GNDD016 64.00 1.00 0.80 27 0 1.1 0.02 0.06 and 109.50 5.00 1.8 27 8.3 5.8 0.16 0.01 and 116.55 4.45 6.0 83 3.9 8.8 0.13 0.02 GNDD017 34.30 1.7 0.31 24 2.0 1.5 0.06 1.0 GNDD018 37.75 0.85 1.1 3.6 0.1 1.2 0.01 0.05 and 63.20 3.75 7.1 78 3.6 9.6 0.28 3.6 inc 64.40 2.55 10.3 114 4.9 13.9 0.41 5.2 1 GNDD019 24.00 1.90 1.0 5.3 5.3 3.4 0.12 0.03 GNDD020 71.25 8.25 17.7 257 0.30 21.1 0.60 0.68 inc 74.00 5.50 26.0 355 0.42 30.7 0.05 0.21 1 and 83.30 0.65 0.03 2.7 10.70 4.7 0.00 0.02 GNDD021 14.80 1.20 11.0 9.0 0.39 11.3 0.01 0.08 1 and 31.50 0.35 28.1 104 5.8 31.9 0.35 0.12 1 and 98.20 19.80 0.29 2.2 3.4 1.8 0.01 0.04 2 |
Challenger Exploration Limited Issued Capital ACN 123 591 382 973.8m shares ASX: CEL 49.6m options 120m perf shares
Australian Registered Office Level 1 1205 Hay Street West Perth WA 6005
Directors
Mr Kris Knauer, MD and CEO Mr Scott Funston, Finance Director Mr Fletcher Quinn , Chairman
Contact
T: +61 8 6380 9235
16m perf rights
www.challengerex.com
| Criteria | JORC Code explanation | Commentary | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| inc | 98.20 | 9.80 | 0.40 | 4.4 | 6.8 | 3.4 | 0.01 | 0.07 | |||
| inc | 104.20 | 0.80 | 0.88 | 13 | 22.7 | 10.9 | 0.02 | 0.30 | 1 | ||
| GNDD022 | NSI | ||||||||||
| GNDD023 | 58.00 | 5.00 | 0.32 | 3.7 | 0.1 | 0.41 | 0.01 | 0.09 | |||
| GNDD024 | 85.00 | 6.00 | 2.5 | 19 | 0.15 | 2.8 | 0.40 | 1.4 | |||
| inc | 88.00 | 1.00 | 14.9 | 107 | 0.46 | 16.5 | 2.4 | 8.3 | 1 | ||
| GNDD025 | 53.00 | 88.00 | 0.94 | 2.3 | 0.10 | 1.0 | 0.00 | 0.08 | 2 | ||
| inc | 61.00 | 14.00 | 3.1 | 5.3 | 0.19 | 3.2 | 0.01 | 0.11 | |||
| inc | 79.00 | 11.00 | 1.3 | 4.1 | 0.16 | 1.4 | 0.00 | 0.25 | |||
| inc | 93.00 | 1.00 | 1.1 | 2.5 | 0.09 | 1.1 | 0.00 | 0.37 | |||
| inc | 113.00 | 2.00 | 1.2 | 4.4 | 0.02 | 1.2 | 0.00 | 0.01 | |||
| inc | 139.00 | 2.00 | 0.99 | 0.50 | 0.01 | 1.0 | 0.00 | 0.00 | |||
| GNDD026 | NSI | ||||||||||
| GNDD027 | NSI | ||||||||||
| GNDD028 | 41.40 | 18.60 | 0.21 | 3.2 | 2.0 | 1.1 | 0.08 | 0.01 | 2 | ||
| inc | 52.00 | 8.00 | 0.42 | 6.0 | 3.8 | 2.2 | 0.18 | 0.02 | |||
| GNDD029 | 36.00 | 12.00 | 0.17 | 2.1 | 0.39 | 0.36 | 0.01 | 0.16 | 2 | ||
| GNDD030 | 33.00 | 3.00 | 0.95 | 53 | 0.05 | 1.6 | 0.01 | 0.05 | |||
| GNDD031 | 32.00 | 28.00 | 0.43 | 5.7 | 0.15 | 0.56 | 0.01 | 0.04 | 2 | ||
| inc | 48.00 | 1.10 | 3.3 | 17 | 0.34 | 3.7 | 0.02 | 0.33 | |||
| inc | 53.00 | 1.00 | 4.2 | 54 | 0.92 | 5.3 | 0.12 | 0.22 | |||
| GNDD032 | 9.00 | 20.00 | 0.16 | 6.7 | 0.09 | 0.29 | 0.00 | 0.02 | 2 | ||
| and | 49.00 | 116.00 | 1.05 | 4.0 | 0.20 | 1.2 | 0.01 | 0.07 | 2 | ||
| inc | 77.00 | 3.00 | 0.93 | 33.7 | 2.1 | 2.3 | 0.09 | 0.02 | |||
| and | 101.00 | 10.00 | 6.1 | 18.1 | 0.11 | 6.4 | 0.04 | 0.47 | |||
| inc | 101.00 | 6.00 | 9.6 | 18.7 | 0.15 | 9.9 | 0.05 | 0.61 | 1 | ||
| and | 136.00 | 4.00 | 9.8 | 18.5 | 1.5 | 10.7 | 0.06 | 0.27 | |||
| GNDD033 | NSI | ||||||||||
| GNDD034 | 47.60 | 0.30 | 0.03 | 1.4 | 24.4 | 10.6 | 0.34 | 0.04 | |||
| GNDD035 | 88.75 | 5.75 | 9.5 | 28.7 | 3.5 | 11.4 | 0.10 | 0.44 | |||
| inc | 88.75 | 3.15 | 17.1 | 28.8 | 5.6 | 19.9 | 0.14 | 0.56 | 1 | ||
| GNDD036 | NSI | ||||||||||
| GNDD037 | NSI | ||||||||||
| GNDD038 | 71.50 | 2.85 | 0.53 | 15.6 | 2.8 | 1.9 | 0.06 | 0.13 | |||
| GNDD042 | NSI | ||||||||||
| GNDD044 | NSI | ||||||||||
| GNDD045 | 85.90 | 2.10 | 1.4 | 28.8 | 0.1 | 1.8 | 0.01 | 0.02 |
Challenger Exploration Limited Issued Capital ACN 123 591 382 973.8m shares ASX: CEL 49.6m options 120m perf shares
Australian Registered Office Level 1 1205 Hay Street West Perth WA 6005
Directors
Mr Kris Knauer, MD and CEO Mr Scott Funston, Finance Director Mr Fletcher Quinn , Chairman
Contact
T: +61 8 6380 9235
16m perf rights
www.challengerex.com
| Criteria | JORC Code explanation | Commentary | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| GNDD046 | 82.90 | 0.45 | 4.1 | 27 | 0.06 | 4.5 | 0.01 | 0.03 | |||
| and | 124.15 | 2.85 | 29.5 | 522 | 10.8 | 40.8 | 0.41 | 0.25 | 1 | ||
| GNDD047 | 61.00 | 38.50 | 1.3 | 1.2 | 0.04 | 1.3 | 0.00 | 0.02 | 2 | ||
| inc | 62.50 | 6.00 | 6.3 | 3.5 | 0.15 | 6.4 | 0.01 | 0.10 | |||
| and | 74.10 | 1.50 | 1.0 | 1.9 | 0.00 | 1.0 | 0.00 | 0.00 | |||
| and | 83.55 | 0.45 | 7.3 | 12.2 | 0.00 | 7.5 | 0.00 | 0.00 | |||
| and | 98.50 | 1.00 | 1.2 | 0.8 | 0.00 | 1.2 | 0.00 | 0.00 | |||
| GNDD048 | 36.00 | 19.00 | 0.6 | 5.0 | 0.25 | 0.81 | 0.01 | 0.06 | 2 | ||
| inc | 38.00 | 3.15 | 2.7 | 12.1 | 0.09 | 2.9 | 0.03 | 0.14 | |||
| GNDD049 | NSI | ||||||||||
| GNDD050 | 21.00 | 22.00 | 0.21 | 2.9 | 0.53 | 0.48 | 0.01 | 0.15 | 2 | ||
| inc | 21.00 | 2.00 | 1.4 | 4.8 | 0.07 | 1.5 | 0.01 | 0.07 | |||
| GNRC051 | NSI | ||||||||||
| GNRC052 | 69 | 6 | 1.7 | 4.4 | 0.32 | 1.9 | 0.03 | 0.00 | |||
| GNRC053 | NSI | ||||||||||
| GNRC054 | 13 | 7 | 0.22 | 3.9 | 0.03 | 0.28 | 0.00 | 0.01 | 2 | ||
| and | 66 | 15 | 0.53 | 4.0 | 0.66 | 0.87 | 0.01 | 0.13 | 2 | ||
| inc | 77 | 3 | 1.3 | 8.5 | 1.9 | 2.3 | 0.02 | 0.31 | |||
| GNRC055 | 18 | 7 | 0.28 | 6.9 | 0.04 | 0.38 | 0.00 | 0.01 | 2 | ||
| GNRC056 | 56 | 1 | 2.3 | 138 | 0.08 | 4.1 | 0.01 | 0.07 | |||
| GNRC057 | 37 | 12 | 0.06 | 2.4 | 0.58 | 0.34 | 0.01 | 0.06 | 2 | ||
| GNRC058 | NSI | ||||||||||
| GNRC059 | NSI | ||||||||||
| GNDD060 | NSI | ||||||||||
| GNRC061 | NSI | ||||||||||
| GNRC062 | 17 | 3 | 3.8 | 7.9 | 2.7 | 5.0 | 0.24 | 0.17 | |||
| GNRC063 | 19 | 1 | 0.01 | 0.46 | 2.8 | 1.2 | 0.04 | 0.01 | |||
| GNRC064 | 22 | 1 | 0.01 | 4.2 | 3.8 | 1.7 | 0.00 | 0.00 | |||
| and | 27 | 1 | 0.69 | 27 | 1.2 | 1.6 | 0.35 | 0.23 | |||
| GNRC065 | 33 | 6 | 0.00 | 2.1 | 4.9 | 2.1 | 0.05 | 0.01 | |||
| GNRC066 | NSI | ||||||||||
| GNRC067 | NSI | ||||||||||
| GNRC068 | 9 | 69 | 3.4 | 8.3 | 2.8 | 4.7 | 0.23 | 0.08 | 2 | ||
| inc | 9 | 27 | 7.9 | 16 | 7.0 | 11.2 | 0.59 | 0.16 | |||
| and | 51 | 1 | 1.0 | 40 | 0.93 | 1.9 | 0.08 | 0.12 | |||
| and | 59 | 1 | 1.3 | 4.9 | 0.09 | 1.4 | 0.00 | 0.02 | |||
| and | 66 | 2 | 1.6 | 1.2 | 0.02 | 1.7 | 0.01 | 0.00 |
Challenger Exploration Limited ACN 123 591 382 ASX: CEL
Issued Capital
973.8m shares 49.6m options 120m perf shares
Australian Registered Office
Level 1 1205 Hay Street West Perth WA 6005
Directors
Mr Kris Knauer, MD and CEO Mr Scott Funston, Finance Director Mr Fletcher Quinn , Chairman
Contact
T: +61 8 6380 9235
16m perf rights
www.challengerex.com
| Criteria | JORC Code explanation | Commentary | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| and | 72 | 4 | 1.9 | 3.0 | 0.06 | 1.9 | 0.01 | 0.04 | |||
| GNRC069 | 18 | 7 | 0.62 | 3.0 | 0.11 | 0.71 | 0.01 | 0.16 | 2 | ||
| inc | 19 | 1 | 2.2 | 8.6 | 0.15 | 2.4 | 0.03 | 0.59 | |||
| and | 53 | 10 | 0.65 | 5.7 | 0.37 | 0.88 | 0.01 | 0.03 | 2 | ||
| inc | 59 | 3 | 1.7 | 11 | 0.84 | 2.3 | 0.03 | 0.07 | |||
| and | 84 | 15 | 0.54 | 2.4 | 0.13 | 0.63 | 0.01 | 0.00 | 2 | ||
| inc | 84 | 4 | 0.90 | 5.2 | 0.36 | 1.1 | 0.02 | 0.01 | |||
| and | 96 | 1 | 1.0 | 1.4 | 0.06 | 1.0 | 0.03 | 0.00 | |||
| GNRC070 | 41 | 1 | 6.6 | 3.1 | 0.36 | 6.8 | 0.02 | 0.21 | |||
| GNRC071 | 48 | 2 | 0.45 | 5.4 | 2.1 | 1.4 | 0.01 | 0.12 | |||
| GNRC072 | 43 | 19 | 0.16 | 4.9 | 0.13 | 0.28 | 0.00 | 0.09 | 2 | ||
| GNDD073 | NSI | ||||||||||
| GNDD074 | 41 | 2 | 1.2 | 20.5 | 0.04 | 1.4 | 0.00 | 0.02 | |||
| and | 47 | 2 | 0.8 | 16.7 | 0.13 | 1.1 | 0.03 | 0.03 | |||
| GNRC075 | 31 | 18 | 0.78 | 1.6 | 0.07 | 0.83 | 0.01 | 0.22 | 2 | ||
| inc | 37 | 2 | 2.2 | 1.6 | 0.08 | 2.2 | 0.01 | 0.32 | |||
| and | 46 | 2 | 1.8 | 2.4 | 0.08 | 1.9 | 0.00 | 0.07 | |||
| GNRC076 | 35 | 5 | 12.2 | 7.2 | 0.02 | 12.3 | 0.01 | 0.10 | |||
| inc | 35 | 1 | 53.1 | 18 | 0.00 | 53.3 | 0.00 | 0.02 | 1 | ||
| GNDD077 | 168.50 | 14.00 | 0.68 | 5.9 | 0.64 | 1.0 | 0.01 | 0.01 | 2 | ||
| inc | 168.50 | 1.00 | 1.5 | 59.3 | 6.6 | 5.2 | 0.13 | 0.08 | |||
| inc | 180.60 | 1.90 | 1.8 | 4.9 | 0.78 | 2.2 | 0.02 | 0.01 | |||
| and | 192.90 | 1.10 | 0.70 | 5.5 | 0.61 | 1.0 | 0.02 | 0.00 | |||
| GNRC078 | 11 | 17 | 0.13 | 1.7 | 0.43 | 0.34 | 0.01 | 0.09 | 2 | ||
| inc | 12 | 1 | 0.74 | 4.8 | 0.91 | 1.2 | 0.03 | 0.33 | |||
| GNDD079 | 21.00 | 61.00 | 1.1 | 1.1 | 0.11 | 1.1 | 0.00 | 0.02 | 2 | ||
| inc | 21.00 | 9.00 | 1.9 | 1.9 | 0.09 | 2.0 | 0.00 | 0.02 | |||
| inc | 40.00 | 2.00 | 2.7 | 1.7 | 0.08 | 2.8 | 0.00 | 0.06 | |||
| inc | 46.00 | 6.00 | 5.0 | 1.2 | 0.07 | 5.1 | 0.00 | 0.01 | |||
| inc | 74.00 | 3.00 | 1.0 | 0.86 | 0.17 | 1.1 | 0.00 | 0.12 | |||
| GNRC080 | NSI | ||||||||||
| GNRC081 | 23 | 30 | 0.28 | 2.0 | 0.33 | 0.45 | 0.01 | 0.10 | 2 | ||
| inc | 32 | 5 | 1.0 | 3.6 | 0.73 | 1.4 | 0.01 | 0.20 | |||
| GNDD082 | 168.00 | 15.00 | 0.68 | 0.39 | 0.04 | 0.70 | 0.00 | 0.01 | 2 | ||
| inc | 168.00 | 1.00 | 2.4 | 0.46 | 0.11 | 2.4 | 0.00 | 0.02 | |||
| inc | 175.00 | 0.50 | 10.0 | 5.6 | 0.44 | 10.2 | 0.01 | 0.20 | |||
| and | 193.40 | 34.10 | 1.45 | 1.0 | 0.25 | 1.6 | 0.02 | 0.13 | 2 |
Challenger Exploration Limited Issued Capital ACN 123 591 382 973.8m shares ASX: CEL 49.6m options 120m perf shares
Australian Registered Office Directors Level 1 Mr Kris Knauer, MD and CEO 1205 Hay Street Mr Scott Funston, Finance Director West Perth WA 6005 Mr Fletcher Quinn , Chairman
Contact
T: +61 8 6380 9235
16m perf rights
www.challengerex.com
| Criteria | JORC Code explanation | Commentary | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| inc | 193.40 | 1.00 | 2.2 | 7.9 | 1.6 | 3.0 | 0.14 | 1.7 | |||
| inc | 203.50 | 0.90 | 2.6 | 10.6 | 2.9 | 4.0 | 0.16 | 1.4 | |||
| inc | 209.80 | 2.20 | 0.59 | 4.5 | 0.74 | 1.0 | 0.03 | 0.25 | |||
| and | 235.00 | 31.00 | 0.4 | 0.6 | 0.08 | 0.43 | 0.00 | 0.00 | |||
| inc | 242.50 | 1.50 | 1.0 | 2.1 | 0.21 | 1.1 | 0.01 | 0.01 | |||
| GNDD083 | 11.00 | 21.00 | 0.22 | 10.0 | 0.15 | 0.41 | 0.00 | 0.01 | 2 | ||
| inc | 19.20 | 1.80 | 1.0 | 6.1 | 0.10 | 1.1 | 0.00 | 0.00 | |||
| and | 170.00 | 1.00 | 1.3 | 3.6 | 0.22 | 1.4 | 0.02 | 0.26 | |||
| GNRC084 | 4 | 1 | 1.2 | 2.0 | 0.07 | 1.2 | 0.00 | 0.06 | |||
| and | 41 | 3 | 5.2 | 6.4 | 5.0 | 7.5 | 0.08 | 0.14 | |||
| and | 60 | 4 | 3.6 | 11.6 | 5.0 | 6.0 | 0.02 | 0.05 | |||
| and | 78 | 21 | 0.81 | 2.6 | 0.08 | 0.88 | 0.00 | 0.00 | 2 | ||
| inc | 91 | 1 | 6.7 | 10.7 | 0.42 | 7.0 | 0.01 | 0.00 | |||
| and | 97 | 2 | 1.6 | 1.2 | 0.03 | 1.6 | 0.01 | 0.00 | |||
| and | 143 | 2 | 0.67 | 4.9 | 0.87 | 1.1 | 0.00 | 0.01 | |||
| GNDD085 | 22.50 | 1.30 | 5.47 | 75.6 | 0.08 | 6.5 | 0.01 | 0.09 | |||
| and | 39.30 | 2.20 | 2.11 | 2.4 | 0.55 | 2.4 | 0.01 | 0.24 | |||
| GNRC086 | 3 | 21 | 0.38 | 1.5 | 0.33 | 0.55 | 0.01 | 0.08 | 2 | ||
| inc | 4 | 1 | 0.85 | 3.4 | 0.89 | 1.3 | 0.03 | 0.27 | |||
| and | 22 | 2 | 2.9 | 1.9 | 0.08 | 3.0 | 0.01 | 0.03 | |||
| GNRC087 | 22 | 4 | 0.65 | 15.9 | 0.26 | 1.0 | 0.00 | 0.04 | |||
| GNDD088A | 45.05 | 23.45 | 0.07 | 0.23 | 0.53 | 0.31 | 0.00 | 0.01 | 2 | ||
| and | 90.50 | 1.50 | 1.8 | 0.10 | 0.01 | 1.8 | 0.00 | 0.00 | |||
| and | 224.00 | 39.00 | 5.5 | 2.0 | 0.30 | 5.6 | 0.01 | 0.00 | 2 | ||
| incl | 231.50 | 14.40 | 14.4 | 3.3 | 0.67 | 14.8 | 0.00 | 0.00 | |||
| incl | 238.50 | 7.40 | 23.4 | 5.7 | 1.27 | 24.1 | 0.01 | 0.01 | 1 | ||
| GNDD089 | 20.00 | 30.00 | 0.95 | 1.69 | 0.09 | 1.0 | 0.00 | 0.02 | 2 | ||
| inc | 22.00 | 2.00 | 1.4 | 2.7 | 0.18 | 1.5 | 0.00 | 0.00 | |||
| inc | 30.50 | 1.70 | 2.9 | 2.3 | 0.12 | 3.0 | 0.00 | 0.01 | |||
| inc | 40.00 | 10.00 | 1.4 | 0.55 | 0.09 | 1.4 | 0.00 | 0.02 | |||
| and | 94.50 | 21.70 | 0.88 | 1.59 | 0.43 | 1.1 | 0.00 | 0.04 | 2 | ||
| inc | 94.50 | 5.10 | 2.4 | 1.6 | 0.06 | 2.4 | 0.01 | 0.07 | |||
| inc | 102.50 | 1.50 | 1.9 | 1.5 | 0.15 | 2.0 | 0.01 | 0.03 | |||
| inc | 109.00 | 1.50 | 1.8 | 11.3 | 0.32 | 2.1 | 0.01 | 0.16 | |||
| GNRC090 | 7 | 13 | 0.35 | 2.7 | 0.25 | 0.49 | 0.01 | 0.07 | 2 | ||
| inc | 14 | 1 | 1.1 | 7.3 | 0.45 | 1.4 | 0.02 | 0.21 | |||
| GNRC091 | 30 | 24 | 0.38 | 3.7 | 0.20 | 0.51 | 0.01 | 0.10 | 2 |
Challenger Exploration Limited ACN 123 591 382 ASX: CEL
Issued Capital
973.8m shares 49.6m options 120m perf shares
Australian Registered Office Level 1 1205 Hay Street West Perth WA 6005
Directors
Mr Kris Knauer, MD and CEO Mr Scott Funston, Finance Director Mr Fletcher Quinn , Chairman
Contact
T: +61 8 6380 9235
16m perf rights
www.challengerex.com
| Criteria | JORC Code explanation | Commentary | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| inc | 43 | 4 | 1.4 | 3.5 | 0.40 | 1.6 | 0.01 | 0.36 | |||
| GNDD092 | 164.50 | 9.00 | 0.29 | 0.72 | 0.12 | 0.35 | 0.00 | 0.05 | 2 | ||
| and | 213.00 | 17.00 | 0.23 | 0.63 | 0.06 | 0.26 | 0.00 | 0.04 | 2 | ||
| and | 257.50 | 1.00 | 3.6 | 5.9 | 0.60 | 3.9 | 0.05 | 0.21 | |||
| GNDD093 | 75.30 | 1.40 | 2.1 | 10.6 | 7.8 | 5.6 | 0.18 | 0.22 | |||
| and | 153.65 | 0.50 | 1.4 | 7.3 | 0.17 | 1.6 | 0.11 | 0.03 | |||
| GNRC094 | 13 | 12 | 0.83 | 4.6 | 0.44 | 1.1 | 0.01 | 0.06 | 2 | ||
| inc | 13 | 1 | 1.1 | 6.3 | 0.17 | 1.2 | 0.02 | 0.12 | |||
| inc | 17 | 1 | 8.3 | 20.6 | 0.27 | 8.7 | 0.06 | 0.52 | |||
| inc | 23 | 1 | 0.21 | 4.5 | 3.8 | 1.9 | 0.01 | 0.03 | |||
| GNDD095 | 47.00 | 17.47 | 0.28 | 1.0 | 0.44 | 0.49 | 0.02 | 0.09 | 2 | ||
| inc | 50.00 | 1.30 | 1.0 | 0.92 | 2.8 | 2.3 | 0.18 | 0.61 | |||
| and | 121.00 | 1.00 | 2.6 | 1.7 | 0.01 | 2.6 | 0.00 | 0.00 | |||
| GNDD096 | NSI | ||||||||||
| GNRC097 | 49 | 8 | 0.39 | 2.2 | 0.04 | 0.44 | 0.00 | 0.02 | 2 | ||
| inc | 50 | 1 | 1.1 | 2.8 | 0.03 | 1.2 | 0.00 | 0.03 | |||
| GNRC098 | 40 | 19 | 0.21 | 1.8 | 0.19 | 0.32 | 0.01 | 0.16 | 2 | ||
| and | 88 | 8 | 4.9 | 4.5 | 0.76 | 5.3 | 0.02 | 0.07 | 2 | ||
| inc | 88 | 2 | 15.6 | 15.9 | 2.8 | 17.0 | 0.07 | 0.20 | 2 | ||
| inc | 94 | 2 | 2.6 | 1.2 | 0.13 | 2.7 | 0.00 | 0.03 | |||
| GNDD099 | 53.00 | 2.80 | 0.42 | 19.8 | 2.0 | 1.5 | 0.09 | 0.33 | |||
| and | 64.00 | 0.90 | 3.1 | 9.7 | 0.22 | 3.3 | 0.01 | 0.01 | |||
| and | 101.00 | 1.00 | 2.9 | 64.4 | 0.04 | 3.7 | 0.01 | 0.04 | |||
| GNDD100 | NSI | ||||||||||
| GNDD101 | NSI | ||||||||||
| GNDD102 | 36.00 | 11.00 | 0.59 | 3.2 | 0.18 | 0.71 | 0.01 | 0.11 | 2 | ||
| inc | 36.00 | 2.00 | 1.5 | 5.9 | 0.13 | 1.6 | 0.01 | 0.14 | |||
| and | 77.40 | 8.90 | 0.10 | 2.5 | 0.82 | 0.49 | 0.01 | 0.06 | 2 | ||
| inc | 84.30 | 0.90 | - | 1.3 | 3.3 | 1.4 | 0.02 | 0.03 | |||
| GNDD103 | NSI | ||||||||||
| GNRC104 | 141 | 1 | 45.6 | 40.0 | 2.6 | 47.2 | 0.25 | 3.4 | 1 | ||
| GNDD105 | NSI | ||||||||||
| GNDD106 | 100.00 | 25.00 | 0.66 | 0.29 | 0.01 | 0.67 | 0.00 | 0.00 | 2 | ||
| inc | 114.00 | 1.50 | 1.8 | 1.7 | 0.01 | 1.8 | 0.00 | 0.00 | |||
| inc | 121.00 | 4.00 | 2.6 | 0.34 | 0.01 | 2.6 | 0.00 | 0.00 | |||
| and | 141.35 | 1.05 | 1.2 | 2.8 | 0.84 | 1.6 | 0.01 | 0.01 | |||
| and | 205.00 | 8.00 | 0.48 | 1.0 | 0.02 | 0.50 | 0.00 | 0.00 | 2 |
Challenger Exploration Limited ACN 123 591 382 ASX: CEL
Issued Capital
973.8m shares 49.6m options 120m perf shares
Australian Registered Office Level 1 1205 Hay Street West Perth WA 6005
Directors
Mr Kris Knauer, MD and CEO Mr Scott Funston, Finance Director Mr Fletcher Quinn , Chairman
Contact
T: +61 8 6380 9235
16m perf rights
www.challengerex.com
| Criteria | JORC Code explanation | Commentary | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| inc | 211.00 | 2.00 | 1.1 | 2.2 | 0.03 | 1.1 | 0.00 | 0.00 | |||
| GNRC107 | 16 | 27 | 3.6 | 14.8 | 0.25 | 3.9 | 0.01 | 0.1 | 2 | ||
| inc | 23 | 1 | 0.17 | 74.4 | 0.07 | 1.1 | 0.01 | 0.1 | |||
| inc | 29 | 2 | 1.2 | 12.2 | 0.06 | 1.3 | 0.01 | 0.1 | |||
| inc | 35 | 7 | 13.3 | 12.6 | 0.80 | 13.8 | 0.02 | 0.3 | |||
| and | 52 | 1 | 0.18 | 73.2 | 0.11 | 1.2 | 0.00 | 0.1 | |||
| and | 93 | 1 | 0.12 | 51.2 | 3.1 | 2.1 | 0.03 | 0.65 | |||
| GNDD108 | NSI | ||||||||||
| GNDD109 | NSI | ||||||||||
| GNRC110 | 11 | 44 | 2.8 | 62.7 | 0.05 | 3.7 | 0.01 | 0.25 | 2 | ||
| inc | 12 | 1 | 1.7 | 1.0 | 0.00 | 1.7 | 0.00 | 0.04 | |||
| inc | 20 | 11 | 1.8 | 37.2 | 0.02 | 2.3 | 0.01 | 0.37 | |||
| inc | 36 | 12 | 8.3 | 190 | 0.12 | 10.7 | 0.02 | 0.51 | |||
| inc | 41 | 3 | 27.3 | 613 | 0.05 | 35.1 | 0.03 | 0.87 | 1 | ||
| GNRC111 | 31 | 18 | 0.31 | 12.2 | 0.13 | 0.52 | 0.01 | 0.03 | 2 | ||
| inc | 33 | 1 | 1.3 | 59.4 | 0.02 | 2.1 | 0.01 | 0.27 | |||
| inc | 41 | 1 | 2.1 | 82.7 | 0.01 | 3.2 | 0.01 | 0.10 | |||
| GNDD112 | 95.00 | 0.40 | 0.5 | 26.6 | 6.0 | 3.5 | 0.10 | 1.9 | |||
| GNDD113 | 149.50 | 37.50 | 0.59 | 17.0 | 0.12 | 0.86 | 0.01 | 0.08 | 2 | ||
| inc | 151.00 | 9.00 | 1.3 | 56.2 | 0.17 | 2.1 | 0.05 | 0.11 | |||
| inc | 170.50 | 1.50 | 1.7 | 5.7 | 0.33 | 2.0 | 0.01 | 0.11 | |||
| and | 219.00 | 11.00 | 0.79 | 2.2 | 0.08 | 0.86 | 0.00 | 0.08 | 2 | ||
| inc | 223.00 | 7.00 | 1.1 | 2.5 | 0.09 | 1.1 | 0.00 | 0.05 | |||
| GNDD113A | 61.00 | 2.00 | 0.59 | 2.6 | 0.74 | 0.95 | 0.03 | 0.07 | |||
| and | 139.00 | 107.00 | 0.30 | 3.0 | 0.09 | 0.37 | 0.00 | 0.04 | 2 | ||
| inc | 185.00 | 1.40 | 1.6 | 2.5 | 0.07 | 1.7 | 0.00 | 0.05 | |||
| inc | 197.00 | 2.00 | 1.2 | 0.94 | 0.17 | 1.3 | 0.00 | 0.04 | |||
| inc | 202.00 | 1.50 | 3.2 | 2.4 | 0.90 | 3.6 | 0.02 | 0.16 | |||
| inc | 209.00 | 2.00 | 1.2 | 1.9 | 0.25 | 1.3 | 0.01 | 0.25 | |||
| and | 262.00 | 104.00 | 1.5 | 2.7 | 0.39 | 1.7 | 0.01 | 0.12 | 2 | ||
| inc | 266.00 | 2.00 | 1.0 | 1.8 | 0.22 | 1.1 | 0.00 | 0.02 | |||
| inc | 274.00 | 2.00 | 1.3 | 1.4 | 0.06 | 1.3 | 0.00 | 0.01 | |||
| inc | 280.00 | 15.00 | 3.6 | 6.9 | 0.56 | 3.9 | 0.04 | 0.73 | |||
| inc | 289.45 | 3.65 | 6.7 | 20.2 | 1.5 | 7.6 | 0.15 | 2.6 | 1 | ||
| inc | 298.65 | 7.45 | 2.9 | 3.7 | 0.63 | 3.2 | 0.02 | 0.01 | |||
| inc | 315.50 | 1.20 | 1.0 | 1.4 | 0.13 | 1.1 | 0.00 | 0.02 | |||
| inc | 333.80 | 4.20 | 11.3 | 22.8 | 5.3 | 13.9 | 0.12 | 0.04 |
Challenger Exploration Limited ACN 123 591 382 ASX: CEL
Issued Capital
973.8m shares 49.6m options 120m perf shares
Australian Registered Office Directors Level 1 Mr Kris Knauer, MD and CEO 1205 Hay Street Mr Scott Funston, Finance Director West Perth WA 6005 Mr Fletcher Quinn , Chairman
Contact
T: +61 8 6380 9235
16m perf rights
www.challengerex.com
| Criteria | JORC Code explanation | Commentary | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| inc | 333.80 | 0.70 | 60.8 | 133 | 31.4 | 76.1 | 0.70 | 0.22 | 1 | ||
| inc | 354.00 | 4.00 | 1.4 | 0.8 | 0.02 | 1.4 | 0.00 | 0.00 | |||
| 274.00 | 84.00 | 1.7 | 3.3 | 0.48 | 2.0 | 0.02 | 0.14 | 4 | |||
| and | 390.00 | 30.00 | 0.35 | 0.36 | 0.05 | 0.38 | 0.00 | 0.00 | 2 | ||
| inc | 394.00 | 2.00 | 1.2 | 0.33 | 0.04 | 1.2 | 0.00 | 0.00 | |||
| 139.00 | 227.00 | 0.83 | 2.7 | 0.22 | 1.0 | 0.01 | 0.07 | 3 | |||
| 139.00 | 281.00 | 0.71 | 2.2 | 0.19 | 0.82 | 0.01 | 0.06 | 3 | |||
| 106.00 | 314.00 | 0.65 | 2.1 | 0.17 | 0.75 | 0.01 | 0.05 | ||||
| GNDD114 | 64.00 | 14.70 | 3.2 | 3.3 | 0.08 | 3.3 | 0.01 | 0.06 | |||
| inc | 77.80 | 0.90 | 50.3 | 27.2 | 0.18 | 50.7 | 0.03 | 0.65 | |||
| GNDD115 | 68.70 | 1.10 | 0.62 | 9.2 | 2.0 | 1.6 | 0.04 | 0.36 | |||
| and | 144.00 | 2.00 | 0.30 | 16.2 | 1.2 | 1.0 | 0.07 | 0.38 | |||
| and | 176.50 | 34.50 | 0.28 | 0.68 | 0.01 | 0.29 | 0.00 | 0.03 | 2 | ||
| GNDD116 | 27.50 | 4.50 | 1.3 | 14.6 | 0.06 | 1.5 | 0.00 | 0.02 | 2 | ||
| inc | 27.50 | 1.00 | 3.7 | 41.4 | 0.13 | 4.3 | 0.01 | 0.05 | |||
| and | 73.70 | 0.80 | 2.4 | 3.9 | 0.26 | 2.5 | 0.00 | 0.00 | |||
| GNDD117 | 30.00 | 54.80 | 0.58 | 4.2 | 0.13 | 0.69 | 0.01 | 0.07 | 2 | ||
| inc | 61.00 | 10.00 | 2.5 | 10.2 | 0.16 | 2.7 | 0.01 | 0.14 | |||
| inc | 84.20 | 0.60 | 1.4 | 4.1 | 0.11 | 1.5 | 0.01 | 0.02 | |||
| and | 106.70 | 0.40 | 8.5 | 43.4 | 3.3 | 10.5 | 0.25 | 2.92 | 1 | ||
| GNDD118 | NSI | ||||||||||
| GNDD119 | 52.40 | 0.80 | 0.21 | 17.4 | 4.2 | 2.3 | 0.03 | 0.25 | |||
| GNDD120 | NSI | ||||||||||
| GNDD121 | NSI | ||||||||||
| GNDD122 | 11.50 | 18.10 | 0.64 | 2.2 | 0.03 | 0.68 | 0.00 | 0.01 | 2 | ||
| inc | 21.00 | 6.00 | 1.1 | 3.2 | 0.04 | 1.2 | 0.00 | 0.01 | |||
| and | 54.00 | 21.00 | 0.41 | 0.80 | 0.12 | 0.47 | 0.00 | 0.04 | 2 | ||
| inc | 71.00 | 2.00 | 1.2 | 1.0 | 0.14 | 1.2 | 0.00 | 0.09 | |||
| and | 191.00 | 1.50 | 1.6 | 24.4 | 0.95 | 2.3 | 0.10 | 1.24 | |||
| and | 213.80 | 3.20 | 1.7 | 2.1 | 0.23 | 1.8 | 0.01 | 0.02 | |||
| and | 236.00 | 1.50 | 4.8 | 4.9 | 0.63 | 5.1 | 0.03 | 0.16 | |||
| GNDD123 | 21.00 | 30.00 | 0.11 | 1.6 | 0.32 | 0.27 | 0.01 | 0.04 | 2 | ||
| GNDD124 | 44.00 | 7.00 | 0.08 | 3.6 | 0.65 | 0.40 | 0.02 | 0.13 | 2 | ||
| GNDD125 | NSI | ||||||||||
| GNDD126 | 107.30 | 1.10 | 12.8 | 10.3 | 0.74 | 13.3 | 0.00 | 0.16 | 1 | ||
| and | 120.00 | 2.00 | 3.2 | 3.6 | 0.16 | 3.4 | 0.01 | 0.00 | |||
| and | 157.30 | 0.50 | 1.0 | 22.1 | 2.2 | 2.2 | 0.11 | 2.3 |
Challenger Exploration Limited Issued Capital ACN 123 591 382 973.8m shares ASX: CEL 49.6m options 120m perf shares
Australian Registered Office Level 1 1205 Hay Street West Perth WA 6005
Directors
Mr Kris Knauer, MD and CEO Mr Scott Funston, Finance Director Mr Fletcher Quinn , Chairman
Contact
T: +61 8 6380 9235
16m perf rights
www.challengerex.com
| Criteria | JORC Code explanation | Commentary | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| and | 179.00 | 2.00 | 1.7 | 0.62 | 0.01 | 1.7 | 0.00 | 0.00 | |||
| GNDD127 | NSI | ||||||||||
| GNDD128 | 63.00 | 20.00 | 0.49 | 0.42 | 0.02 | 0.50 | 0.00 | 0.00 | 2 | ||
| inc | 77.50 | 1.50 | 4.1 | 0.36 | 0.04 | 4.1 | 0.00 | 0.00 | |||
| GNDD129 | 15.00 | 21.00 | 0.72 | 1.8 | 0.10 | 0.79 | 0.00 | 0.05 | 2 | ||
| inc | 24.00 | 10.00 | 1.0 | 2.1 | 0.13 | 1.1 | 0.00 | 0.04 | |||
| and | 132.50 | 0.70 | 6.7 | 14.1 | 0.15 | 7.0 | 0.01 | 0.12 | |||
| GNDD130 | NSI | ||||||||||
| GNDD131 | NSI | ||||||||||
| GNDD132 | 14.50 | 18.10 | 0.12 | 2.5 | 0.18 | 0.23 | 0.01 | 0.04 | 2 | ||
| GNDD133 | 95.70 | 4.30 | 1.3 | 2.2 | 0.23 | 1.40 | 0.01 | 0.13 | 2 | ||
| inc | 95.70 | 1.05 | 3.8 | 5.3 | 0.52 | 4.1 | 0.02 | 0.22 | |||
| and | 163.00 | 11.50 | 0.3 | 1.0 | 0.01 | 0.31 | 0.00 | 0.00 | 2 | ||
| GNDD134 | 17.70 | 15.30 | 0.80 | 7.5 | 0.07 | 0.92 | 0.00 | 0.11 | 2 | ||
| inc | 19.00 | 10.00 | 1.04 | 9.9 | 0.08 | 1.2 | 0.01 | 0.12 | |||
| and | 47.00 | 39.75 | 0.26 | 0.5 | 0.10 | 0.31 | 0.00 | 0.04 | 2 | ||
| and | 129.50 | 7.50 | 0.45 | 0.5 | 0.06 | 0.48 | 0.00 | 0.02 | 2 | ||
| and | 161.00 | 20.00 | 0.29 | 3.6 | 0.23 | 0.44 | 0.01 | 0.03 | 2 | ||
| inc | 177.50 | 0.50 | 3.79 | 29.8 | 5.23 | 6.4 | 0.16 | 0.10 | |||
| and | 196.00 | 4.00 | 5.3 | 86.2 | 10.60 | 11.0 | 0.24 | 0.57 | |||
| and | 240.00 | 2.00 | 6.2 | 1.3 | 0.02 | 6.2 | 0.00 | 0.00 | |||
| and | 272.00 | 50.00 | 0.22 | 0.5 | 0.14 | 0.28 | 0.00 | 0.00 | 2 | ||
| and | 500.10 | 0.95 | 2.3 | 8.1 | 0.16 | 2.5 | 0.21 | 0.00 | |||
| and | 519.00 | 20.00 | 0.73 | 0.7 | 1.80 | 1.5 | 0.02 | 0.00 | 2 | ||
| inc | 529.50 | 2.90 | 4.7 | 3.6 | 11.6 | 9.8 | 0.12 | 0.00 | |||
| and | 560.25 | 17.75 | 0.20 | 0.7 | 0.38 | 0.37 | 0.01 | 0.00 | 2 | ||
| inc | 560.25 | 0.75 | 0.09 | 2.0 | 4.94 | 2.3 | 0.05 | 0.00 | |||
| inc | 570.20 | 0.50 | 1.22 | 9.6 | 2.36 | 2.4 | 0.17 | 0.02 | |||
| and | 630.30 | 0.70 | 0.9 | 1.6 | 0.21 | 1.0 | 0.18 | 0.00 | |||
| GNDD135 | 31.00 | 22.55 | 0.44 | 1.1 | 0.07 | 0.48 | 0.01 | 0.07 | 2 | ||
| inc | 41.00 | 2.00 | 1.6 | 0.70 | 0.07 | 1.7 | 0.00 | 0.02 | |||
| and | 78.00 | 27.20 | 0.52 | 2.6 | 0.37 | 0.72 | 0.01 | 0.07 | 2 | ||
| inc | 79.60 | 3.40 | 1.4 | 3.9 | 0.29 | 1.6 | 0.00 | 0.05 | |||
| inc | 95.00 | 2.00 | 1.9 | 2.0 | 0.16 | 2.0 | 0.01 | 0.09 | |||
| inc | 104.30 | 0.90 | 0.08 | 5.3 | 3.2 | 1.5 | 0.01 | 0.02 | |||
| GNDD137 | 27.00 | 38.00 | 0.38 | 1.1 | 0.05 | 0.42 | 0.00 | 0.02 | 2 | ||
| inc | 33.00 | 4.00 | 1.70 | 1.2 | 0.13 | 1.8 | 0.00 | 0.02 |
Challenger Exploration Limited Issued Capital ACN 123 591 382 973.8m shares ASX: CEL 49.6m options 120m perf shares
Australian Registered Office Directors Level 1 Mr Kris Knauer, MD and CEO 1205 Hay Street Mr Scott Funston, Finance Director West Perth WA 6005 Mr Fletcher Quinn , Chairman
Contact
T: +61 8 6380 9235
16m perf rights
www.challengerex.com
| Criteria | JORC Code explanation | Commentary | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| and | 186.25 | 1.35 | 8.12 | 29.5 | 7.3 | 11.6 | 0.12 | 0.03 | |||
| GNDD138 | 43.00 | 54.00 | 0.28 | 2.2 | 0.20 | 0.40 | 0.01 | 0.09 | 2 | ||
| GNDD139 | 80.00 | 207.50 | 0.75 | 1.7 | 0.10 | 0.82 | 0.00 | 0.02 | 2 | ||
| inc | 80.00 | 32.00 | 1.6 | 2.5 | 0.06 | 1.6 | 0.00 | 0.03 | |||
| inc | 148.00 | 4.25 | 1.2 | 3.8 | 0.15 | 1.3 | 0.00 | 0.09 | |||
| inc | 167.00 | 14.00 | 1.5 | 0.32 | 0.01 | 1.5 | 0.00 | 0.01 | |||
| inc | 243.00 | 9.00 | 2.4 | 3.7 | 0.62 | 2.8 | 0.00 | 0.01 | |||
| inc | 266.00 | 6.00 | 1.6 | 0.61 | 0.01 | 1.6 | 0.00 | 0.00 | |||
| 243.00 | 29.00 | 1.2 | 1.6 | 0.24 | 1.3 | 0.00 | 0.00 | 4 | |||
| GNDD141 | 101.50 | 6.50 | 14.3 | 43.6 | 3.4 | 16.3 | 0.15 | 1.6 | 2 | ||
| inc | 101.50 | 2.50 | 36.8 | 111 | 8.6 | 41.9 | 0.30 | 4.2 | 1 | ||
| GNDD142 | 55.8 | 0.7 | 0.7 | 13.3 | 4.0 | 2.7 | 0.05 | 0.03 | |||
| and | 81.5 | 27.5 | 2.4 | 11.1 | 0.9 | 2.9 | 0.03 | 0.06 | 2 | ||
| inc | 92.0 | 11.5 | 5.4 | 19.9 | 2.0 | 6.5 | 0.08 | 0.13 | |||
| inc | 107.0 | 2.0 | 0.9 | 5.3 | 0.2 | 1.0 | 0.00 | 0.03 | |||
| and | 125.0 | 11.0 | 0.3 | 3.2 | 0.1 | 0.39 | 0.00 | 0.01 | 2 | ||
| inc | 132.9 | 1.1 | 1.6 | 4.6 | 0.1 | 1.7 | 0.01 | 0.08 | |||
| and | 152.0 | 40.0 | 5.1 | 11.7 | 1.9 | 6.1 | 0.05 | 0.12 | 2 | ||
| inc | 153.1 | 1.0 | 23.4 | 40.1 | 13.5 | 29.8 | 0.34 | 0.00 | 1 | ||
| inc | 160.0 | 10.7 | 10.7 | 28.4 | 4.9 | 13.2 | 0.13 | 0.15 | |||
| inc | 166.2 | 4.5 | 23.9 | 41.3 | 11.0 | 29.2 | 0.29 | 0.27 | 1 | ||
| inc | 177.2 | 12.8 | 5.2 | 9.3 | 0.7 | 5.6 | 0.02 | 0.24 | |||
| inc | 187.1 | 1.0 | 44.0 | 53.8 | 6.5 | 47.5 | 0.15 | 2.1 | 1 | ||
| and | 237.0 | 0.5 | 1.1 | 2.7 | 0.1 | 1.2 | 0.01 | 0.17 | |||
| 81.5 | 110.5 | 2.5 | 7.4 | 0.9 | 3.0 | 0.03 | 0.06 | 3 | |||
| GNDD143 | NSI | ||||||||||
| GNDD145 | NSI | ||||||||||
| GNDD148 | 16.00 | 7.00 | 0.14 | 1.7 | 0.43 | 0.35 | 0.01 | 0.18 | 2 | ||
| and | 59.00 | 2.00 | 0.00 | 1.0 | 2.7 | 1.2 | 0.01 | 0.01 | |||
| GNDD149 | 8.00 | 4.00 | 0.63 | 1.5 | 0.28 | 0.77 | 0.01 | 0.07 | |||
| GNDD150 | 40.00 | 22.00 | 0.29 | 0.91 | 0.08 | 0.33 | 0.00 | 0.07 | 2 | ||
| and | 76.00 | 35.90 | 0.24 | 2.6 | 0.44 | 0.46 | 0.00 | 0.10 | 2 | ||
| and | 180.29 | 1.31 | 16.8 | 26.1 | 2.9 | 18.4 | 0.10 | 0.27 | |||
| GNDD151 | 379.75 | 0.50 | 0.71 | 18.6 | 8.9 | 4.8 | 0.17 | 0.17 | |||
| GNDD152 | 23.50 | 4.10 | 0.5 | 2.7 | 0.1 | 0.55 | 0.00 | 0.03 | 2 | ||
| GNDD154 | 125.90 | 2.60 | 4.6 | 34.6 | 3.0 | 6.3 | 0.11 | 0.24 | |||
| and | 146.00 | 22.00 | 0.21 | 1.0 | 0.04 | 0.24 | 0.00 | 0.00 | 2 |
Challenger Exploration Limited Issued Capital ACN 123 591 382 973.8m shares ASX: CEL 49.6m options 120m perf shares
Australian Registered Office Level 1 1205 Hay Street West Perth WA 6005
Directors
Mr Kris Knauer, MD and CEO Mr Scott Funston, Finance Director Mr Fletcher Quinn , Chairman
Contact
T: +61 8 6380 9235
16m perf rights
www.challengerex.com
| Criteria | JORC Code explanation | Commentary | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| inc | 146.00 | 1.00 | 1.8 | 12.6 | 0.12 | 2.0 | 0.00 | 0.01 | |||
| GNDD155 | 59.00 | 209.00 | 1.0 | 1.4 | 0.09 | 1.1 | 0.00 | 0.02 | 2 | ||
| inc | 59.00 | 34.00 | 3.8 | 4.6 | 0.20 | 3.9 | 0.02 | 0.03 | |||
| inc | 81.00 | 4.00 | 13.4 | 10.5 | 0.06 | 13.5 | 0.05 | 0.02 | |||
| inc | 102.00 | 6.00 | 1.2 | 1.1 | 0.10 | 1.2 | 0.00 | 0.03 | |||
| 59.00 | 49.00 | 2.8 | 3.6 | 0.16 | 3.0 | 0.01 | 0.02 | 4 | |||
| inc | 151.55 | 0.45 | 7.7 | 2.9 | 4.5 | 9.6 | 0.00 | 0.10 | |||
| inc | 182.00 | 1.00 | 8.8 | 17.1 | 2.2 | 10.0 | 0.07 | 0.89 | |||
| inc | 224.00 | 2.00 | 2.0 | 0.29 | 0.01 | 2.0 | 0.00 | 0.00 | |||
| inc | 244.00 | 11.00 | 1.1 | 0.56 | 0.04 | 1.1 | 0.00 | 0.00 | |||
| inc | 266.00 | 0.55 | 1.8 | 1.2 | 0.02 | 1.8 | 0.00 | 0.00 | |||
| and | 338.00 | 9.00 | 0.41 | 0.33 | 0.05 | 0.43 | 0.00 | 0.00 | 2 | ||
| GNDD156 | 5.00 | 7.00 | 0.68 | 3.0 | 0.70 | 1.0 | 0.02 | 0.15 | |||
| GNDD157 | 20.00 | 66.00 | 0.52 | 1.1 | 0.08 | 0.57 | 0.00 | 0.07 | 2 | ||
| inc | 54.00 | 10.00 | 2.2 | 1.8 | 0.14 | 2.3 | 0.00 | 0.24 | |||
| and | 132.90 | 10.00 | 0.18 | 6.6 | 0.52 | 0.48 | 0.01 | 0.08 | 2 | ||
| inc | 132.90 | 0.50 | 0.88 | 13.1 | 1.4 | 1.6 | 0.03 | 0.67 | |||
| inc | 142.30 | 0.60 | 1.0 | 29.1 | 6.6 | 4.2 | 0.11 | 0.33 | |||
| and | 237.20 | 130.80 | 2.3 | 1.6 | 0.37 | 2.5 | 0.00 | 0.01 | 2 | ||
| inc | 237.20 | 0.80 | 1.7 | 59.1 | 5.6 | 4.9 | 0.18 | 1.2 | |||
| inc | 255.80 | 1.20 | 0.63 | 5.3 | 9.4 | 4.8 | 0.01 | 0.01 | |||
| inc | 289.00 | 12.00 | 20.4 | 4.8 | 1.0 | 20.9 | 0.00 | 0.00 | |||
| inc | 290.50 | 4.06 | 55.7 | 12.9 | 2.1 | 56.8 | 0.01 | 0.01 | 1 | ||
| inc | 321.00 | 2.00 | 1.3 | 0.6 | 0.01 | 1.3 | 0.00 | 0.00 | |||
| inc | 331.00 | 6.00 | 2.5 | 1.9 | 0.61 | 2.8 | 0.01 | 0.01 | |||
| inc | 343.00 | 9.00 | 1.7 | 0.6 | 0.10 | 1.7 | 0.00 | 0.00 | |||
| and | 407.50 | 0.50 | 2.2 | 1.2 | 0.37 | 2.4 | 0.00 | 0.00 | |||
| GNDD158 | 107.00 | 19.00 | 0.59 | 1.0 | 0.12 | 0.65 | 0.00 | 0.03 | 2 | ||
| inc | 120.05 | 0.95 | 2.8 | 4.2 | 0.31 | 2.9 | 0.00 | 0.13 | |||
| and | 139.00 | 6.00 | 0.43 | 0.78 | 0.25 | 0.55 | 0.00 | 0.03 | 2 | ||
| GNDD159 | NSI | ||||||||||
| GNDD162 | 98.00 | 14.80 | 2.0 | 3.5 | 0.29 | 2.2 | 0.01 | 0.09 | |||
| inc | 102.10 | 6.90 | 3.9 | 6.4 | 0.51 | 4.2 | 0.03 | 0.15 | |||
| GNDD163 | 93.00 | 45.00 | 0.38 | 1.7 | 0.26 | 0.51 | 0.01 | 0.08 | 2 | ||
| inc | 101.00 | 3.00 | 1.3 | 7.9 | 0.51 | 1.6 | 0.01 | 0.19 | |||
| inc | 125.20 | 1.65 | 1.7 | 3.7 | 0.88 | 2.2 | 0.02 | 0.13 | |||
| GNDD164 | 136.00 | 22.00 | 0.38 | 0.8 | 0.14 | 0.45 | 0.00 | 0.03 | 2 |
Challenger Exploration Limited Issued Capital ACN 123 591 382 973.8m shares ASX: CEL 49.6m options 120m perf shares
Australian Registered Office Level 1 1205 Hay Street West Perth WA 6005
Directors
Mr Kris Knauer, MD and CEO Mr Scott Funston, Finance Director Mr Fletcher Quinn , Chairman
Contact
T: +61 8 6380 9235
16m perf rights
www.challengerex.com
| Criteria | JORC Code explanation | Commentary | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| inc | 141.50 | 0.50 | 1.1 | 1.1 | 0.29 | 1.2 | 0.00 | 0.03 | |||
| inc | 150.00 | 1.60 | 1.4 | 1.2 | 0.06 | 1.4 | 0.00 | 0.02 | |||
| and | 171.00 | 10.00 | 0.48 | 0.23 | 0.01 | 0.48 | 0.00 | 0.00 | 2 | ||
| inc | 171.00 | 2.00 | 1.1 | 0.23 | 0.01 | 1.1 | 0.00 | 0.00 | |||
| and | 239.00 | 37.00 | 0.75 | 2.1 | 0.46 | 1.0 | 0.02 | 0.00 | 2 | ||
| inc | 239.00 | 4.45 | 4.9 | 14.9 | 3.4 | 6.5 | 0.14 | 0.01 | |||
| GNDD167 | NSI | ||||||||||
| GNDD169 | 120.00 | 60.80 | 0.78 | 0.74 | 0.15 | 0.86 | 0.01 | 0.01 | 2 | ||
| inc | 152.00 | 28.80 | 1.5 | 1.22 | 0.31 | 1.70 | 0.01 | 0.02 | |||
| inc | 152.00 | 1.50 | 1.8 | 3.8 | 0.91 | 2.3 | 0.02 | 0.02 | |||
| inc | 176.00 | 4.80 | 8.4 | 5.3 | 1.5 | 9.2 | 0.05 | 0.09 | |||
| inc | 180.05 | 0.75 | 52.5 | 33.2 | 9.6 | 57.1 | 0.32 | 0.60 | |||
| and | 208.00 | 125.50 | 1.1 | 3.6 | 0.09 | 1.1 | 0.00 | 0.03 | 2 | ||
| inc | 208.00 | 71.00 | 1.7 | 6.0 | 0.15 | 1.8 | 0.01 | 0.05 | 2 | ||
| inc | 228.80 | 29.00 | 3.7 | 12.5 | 0.26 | 4.0 | 0.02 | 0.11 | |||
| inc | 302.50 | 9.00 | 0.92 | 0.46 | 0.02 | 0.94 | 0.00 | 0.00 | 2 | ||
| inc | 307.70 | 1.30 | 4.7 | 0.80 | 0.01 | 4.7 | 0.00 | 0.00 | |||
| inc | 321.00 | 12.50 | 0.26 | 0.92 | 0.02 | 0.28 | 0.00 | 0.00 | 2 | ||
| GNDD170A | 13.00 | 10.00 | 0.57 | 5.2 | 0.29 | 0.76 | 0.01 | 0.07 | |||
| and | 174.00 | 6.00 | 0.67 | 0.28 | 0.02 | 0.68 | 0.00 | 0.00 | |||
| GNDD171 | 126.00 | 10.75 | 0.37 | 1.9 | 0.15 | 0.46 | 0.00 | 0.08 | 2 | ||
| inc | 134.00 | 1.40 | 1.1 | 5.9 | 0.76 | 1.5 | 0.01 | 0.39 | |||
| and | 193.00 | 3.90 | 0.32 | 0.42 | 0.01 | 0.33 | 0.00 | 0.00 | 2 | ||
| and | 270.00 | 0.50 | 1.3 | 2.5 | 0.65 | 1.6 | 0.01 | 0.01 | |||
| and | 327.00 | 2.60 | 1.9 | 6.1 | 1.1 | 2.4 | 0.04 | 0.09 | |||
| GNDD173 | 83.00 | 66.00 | 0.54 | 3.1 | 0.07 | 0.61 | 0.00 | 0.04 | 2 | ||
| inc | 87.00 | 6.00 | 2.0 | 18.8 | 0.28 | 2.4 | 0.02 | 0.23 | |||
| inc | 116.00 | 6.00 | 1.4 | 2.8 | 0.13 | 1.5 | 0.01 | 0.05 | |||
| inc | 130.40 | 0.60 | 8.9 | 23.9 | 0.07 | 9.3 | 0.00 | 0.04 | |||
| GNDD174 | 24.00 | 76.00 | 1.0 | 31.0 | 0.91 | 1.8 | 0.04 | 0.13 | 2 | ||
| inc | 60.90 | 11.25 | 6.4 | 64.1 | 5.3 | 9.5 | 0.23 | 0.58 | |||
| inc | 60.90 | 5.95 | 10.7 | 109 | 7.9 | 15.5 | 0.38 | 0.95 | 1 | ||
| inc | 96.00 | 4.00 | 0.20 | 359 | 0.26 | 4.9 | 0.02 | 0.22 | |||
| and | 163.00 | 39.50 | 0.47 | 2.3 | 0.31 | 0.63 | 0.02 | 0.02 | 2 | ||
| inc | 167.55 | 4.20 | 1.5 | 15.0 | 2.5 | 2.8 | 0.11 | 0.02 | |||
| inc | 199.00 | 2.00 | 1.5 | 0.17 | 0.01 | 1.5 | 0.00 | 0.00 | |||
| GNDD175 | 176.00 | 6.00 | 0.34 | 6.3 | 0.12 | 0.47 | 0.00 | 0.07 | 2 |
Challenger Exploration Limited Issued Capital ACN 123 591 382 973.8m shares ASX: CEL 49.6m options 120m perf shares
Australian Registered Office Level 1 1205 Hay Street West Perth WA 6005
Directors
Mr Kris Knauer, MD and CEO Mr Scott Funston, Finance Director Mr Fletcher Quinn , Chairman
Contact
T: +61 8 6380 9235
16m perf rights
www.challengerex.com
| Criteria | JORC Code explanation | Commentary | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| GNDD176 | 73.90 | 2.95 | 0.86 | 3.3 | 0.16 | 1.0 | 0.00 | 0.15 | 2 | ||
| inc | 76.10 | 0.75 | 2.5 | 1.7 | 0.18 | 2.6 | 0.00 | 0.04 | |||
| and | 247.20 | 1.25 | 0.29 | 98.9 | 0.06 | 1.6 | 0.00 | 0.04 | |||
| GNDD177 | 41.50 | 63.35 | 0.58 | 1.8 | 0.24 | 0.70 | 0.01 | 0.07 | 2 | ||
| inc | 55.00 | 1.30 | 1.3 | 3.5 | 0.08 | 1.4 | 0.02 | 0.15 | |||
| inc | 60.00 | 2.00 | 1.0 | 1.2 | 0.19 | 1.1 | 0.01 | 0.01 | |||
| inc | 71.80 | 0.50 | 1.3 | 7.3 | 0.19 | 1.5 | 0.01 | 0.06 | |||
| inc | 86.00 | 11.20 | 2.1 | 3.0 | 0.64 | 2.4 | 0.01 | 0.14 | |||
| GNDD178 | 14.00 | 28.00 | 0.22 | 17.5 | 0.26 | 0.56 | 0.01 | 0.04 | 2 | ||
| inc | 20.00 | 2.00 | 0.20 | 118 | 0.11 | 1.7 | 0.01 | 0.11 | |||
| inc | 39.00 | 1.30 | 0.80 | 4.8 | 3.9 | 2.6 | 0.04 | 0.04 | |||
| and | 53.00 | 2.00 | 0.05 | 81.0 | 0.04 | 1.1 | 0.00 | 0.03 | |||
| and | 65.15 | 1.85 | 1.1 | 3.3 | 0.81 | 1.5 | 0.01 | 0.12 | |||
| and | 89.15 | 0.85 | 4.9 | 302 | 0.40 | 8.9 | 0.11 | 0.67 | |||
| GNDD179 | 76.00 | 8.00 | 0.12 | 4.53 | 0.47 | 0.38 | 0.01 | 0.33 | 2 | ||
| GNDD181 | 7.70 | 3.60 | 0.66 | 22.2 | 1.0 | 1.4 | 0.03 | 0.19 | 2 | ||
| inc | 7.70 | 1.45 | 1.1 | 45.3 | 1.5 | 2.3 | 0.07 | 0.36 | |||
| and | 180.60 | 7.40 | 0.46 | 0.54 | 0.03 | 0.48 | 0.00 | 0.00 | 2 | ||
| inc | 180.60 | 0.55 | 1.2 | 0.83 | 0.07 | 1.2 | 0.00 | 0.00 | |||
| GNDD182 | 92.00 | 34.00 | 0.28 | 1.1 | 0.09 | 0.33 | 0.00 | 0.01 | 2 | ||
| inc | 92.00 | 19.00 | 0.37 | 1.0 | 0.07 | 0.41 | 0.00 | 0.01 | 2 | ||
| inc | 96.00 | 2.00 | 2.0 | 1.9 | 0.01 | 2.0 | 0.01 | 0.01 | |||
| and | 148.70 | 4.30 | 31.8 | 96.5 | 8.1 | 36.6 | 0.55 | 5.3 | |||
| inc | 148.70 | 3.45 | 39.6 | 118 | 10.0 | 45.4 | 0.68 | 6.5 | 1 | ||
| GNDD183 | 35.00 | 55.50 | 1.0 | 1.5 | 0.43 | 1.2 | 0.01 | 0.10 | 2 | ||
| inc | 37.00 | 2.00 | 1.1 | 1.0 | 0.09 | 1.1 | 0.00 | 0.11 | |||
| inc | 57.00 | 2.00 | 0.95 | 0.44 | 0.11 | 1.0 | 0.00 | 0.03 | |||
| inc | 72.00 | 15.00 | 3.2 | 3.5 | 0.88 | 3.6 | 0.02 | 0.21 | |||
| and | 112.00 | 24.00 | 0.16 | 6.8 | 1.1 | 0.71 | 0.02 | 0.01 | 2 | ||
| inc | 119.00 | 1.20 | 2.6 | 95.1 | 17.1 | 11.3 | 0.34 | 0.20 | |||
| GNDD184 | NSI | 55.50 | 1.0 | 1.5 | 0.43 | 1.2 | 0.01 | 0.10 | |||
| GNDD185 | 59.00 | 60.00 | 0.59 | 1.5 | 0.27 | 0.73 | 0.01 | 0.08 | 2 | ||
| inc | 67.00 | 4.45 | 1.8 | 3.3 | 0.37 | 2.0 | 0.02 | 0.08 | |||
| inc | 83.00 | 10.00 | 1.0 | 1.7 | 0.21 | 1.1 | 0.00 | 0.04 | |||
| inc | 114.00 | 5.00 | 1.4 | 2.0 | 1.09 | 1.9 | 0.01 | 0.12 | |||
| and | 138.00 | 7.10 | 1.0 | 8.9 | 1.08 | 1.6 | 0.02 | 0.12 | |||
| GNDD187 | 145.00 | 16.00 | 0.40 | 0.61 | 0.14 | 0.47 | 0.00 | 0.06 | 2 |
Challenger Exploration Limited Issued Capital ACN 123 591 382 973.8m shares ASX: CEL 49.6m options 120m perf shares
Australian Registered Office Level 1 1205 Hay Street West Perth WA 6005
Directors
Mr Kris Knauer, MD and CEO Mr Scott Funston, Finance Director Mr Fletcher Quinn , Chairman
Contact
T: +61 8 6380 9235
16m perf rights
www.challengerex.com
| Criteria | JORC Code explanation | Commentary | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| inc | 149.00 | 2.00 | 1.6 | 2.5 | 0.64 | 1.9 | 0.02 | 0.29 | |||
| and | 192.00 | 15.00 | 0.46 | 0.93 | 0.16 | 0.54 | 0.01 | 0.03 | 2 | ||
| and | 302.50 | 5.50 | 1.7 | 26.0 | 0.69 | 2.4 | 0.03 | 0.36 | |||
| inc | 302.50 | 2.50 | 3.7 | 55.9 | 1.2 | 5.0 | 0.07 | 0.72 | |||
| GNDD188 | 198.00 | 66.00 | 0.29 | 6.6 | 0.13 | 0.43 | 0.00 | 0.05 | 2 | ||
| inc | 212.00 | 4.00 | 0.89 | 21.9 | 0.19 | 1.3 | 0.00 | 0.08 | |||
| inc | 252.00 | 4.55 | 1.1 | 4.5 | 0.38 | 1.3 | 0.01 | 0.03 | |||
| GNDD189 | 58.60 | 5.20 | 16.7 | 129 | 6.1 | 21.0 | 0.23 | 1.05 | |||
| inc | 60.00 | 3.80 | 21.1 | 148 | 6.6 | 25.8 | 0.21 | 0.06 | 1 | ||
| and | 174.00 | 6.65 | 0.15 | 2.0 | 0.22 | 0.27 | 0.01 | 0.00 | 2 | ||
| and | 191.00 | 6.00 | 0.21 | 2.1 | 0.30 | 0.37 | 0.02 | 0.24 | 2 | ||
| GNDD190 | 47.30 | 7.70 | 0.12 | 4.6 | 4.9 | 2.3 | 0.26 | 0.02 | |||
| and | 161.10 | 1.90 | 0.19 | 5.7 | 0.2 | 0.35 | 0.01 | 0.02 | 2 | ||
| and | 186.00 | 5.00 | 0.22 | 0.1 | 0.0 | 0.23 | 0.00 | 0.00 | 2 | ||
| and | 200.00 | 4.00 | 0.31 | 0.1 | 0.01 | 0.31 | 0.00 | 0.00 | 2 | ||
| GNDD191 | 188.35 | 21.15 | 0.52 | 3.2 | 0.43 | 0.74 | 0.02 | 0.02 | |||
| and | 217.35 | 0.50 | 2.5 | 16.8 | 2.5 | 3.8 | 0.09 | 0.05 | |||
| and | 238.00 | 2.00 | 0.36 | 3.5 | 0.81 | 0.75 | 0.02 | 0.01 | 2 | ||
| GNDD192 | 15.00 | 50.00 | 0.28 | 0.60 | 0.06 | 0.31 | 0.00 | 0.01 | 2 | ||
| inc | 28.00 | 20.00 | 0.44 | 0.59 | 0.06 | 0.47 | 0.00 | 0.01 | 2 | ||
| and | 107.45 | 1.75 | 0.53 | 8.2 | 0.09 | 0.68 | 0.04 | 0.01 | 2 | ||
| and | 176.00 | 0.60 | 1.2 | 24.8 | 7.0 | 4.6 | 0.24 | 0.01 | |||
| GNDD193 | 96.30 | 83.45 | 0.66 | 1.3 | 0.20 | 0.77 | 0.01 | 0.03 | 2 | ||
| inc | 96.30 | 9.50 | 1.51 | 2.7 | 0.14 | 1.6 | 0.03 | 0.05 | |||
| inc | 121.35 | 13.85 | 1.34 | 1.7 | 0.48 | 1.6 | 0.01 | 0.04 | |||
| inc | 147.75 | 1.20 | 0.85 | 1.8 | 1.9 | 1.7 | 0.01 | 0.06 | |||
| inc | 160.50 | 11.10 | 0.99 | 2.1 | 0.35 | 1.2 | 0.01 | 0.06 | |||
| and | 191.00 | 7.50 | 1.30 | 9.3 | 0.47 | 1.6 | 0.01 | 0.01 | 2 | ||
| inc | 194.70 | 3.80 | 2.08 | 16.6 | 0.88 | 2.7 | 0.02 | 0.01 | |||
| and | 218.00 | 1.50 | 0.05 | 72.3 | 0.06 | 1.0 | 0.01 | 0.07 | |||
| and | 251.00 | 1.90 | 1.1 | 7.6 | 0.18 | 1.3 | 0.04 | 0.01 | |||
| GNDD195 | 29.00 | 2.55 | 1.3 | 1.1 | 0.02 | 1.4 | 0.00 | 0.01 | 2 | ||
| inc | 30.00 | 1.55 | 1.6 | 1.4 | 0.02 | 1.7 | 0.00 | 0.01 | |||
| and | 60.00 | 3.85 | 5.3 | 48.6 | 8.0 | 9.4 | 0.14 | 0.15 | |||
| inc | 60.80 | 3.05 | 6.1 | 52.0 | 8.1 | 10.2 | 0.13 | 0.13 | 1 | ||
| and | 346.30 | 3.70 | 0.89 | 0.75 | 0.04 | 0.92 | 0.02 | 0.00 | 2 | ||
| inc | 346.30 | 0.50 | 5.2 | 1.3 | 0.01 | 5.2 | 0.08 | 0.00 |
Challenger Exploration Limited ACN 123 591 382 ASX: CEL
Issued Capital
973.8m shares 49.6m options 120m perf shares
Australian Registered Office Directors Level 1 Mr Kris Knauer, MD and CEO 1205 Hay Street Mr Scott Funston, Finance Director West Perth WA 6005 Mr Fletcher Quinn , Chairman
Contact
T: +61 8 6380 9235
16m perf rights
www.challengerex.com
| Criteria | JORC Code explanation | Commentary | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| GNDD196 | 9.00 | 69.20 | 3.3 | 4.8 | 0.10 | 3.4 | 0.01 | 0.07 | 2 | ||
| inc | 17.00 | 12.00 | 1.7 | 0.69 | 0.06 | 1.8 | 0.00 | 0.03 | |||
| inc | 69.00 | 9.20 | 21.9 | 16.0 | 0.38 | 22.2 | 0.03 | 0.38 | |||
| inc | 69.00 | 1.30 | 137 | 47.6 | 0.21 | 137.2 | 0.01 | 1.2 | 1 | ||
| and | 279.50 | 0.60 | 2.0 | 0.22 | 0.00 | 2.0 | 0.00 | 0.00 | |||
| GNDD199 | 26.00 | 146.00 | 0.40 | 1.1 | 0.23 | 0.51 | 0.01 | 0.07 | 2 | ||
| inc | 26.00 | 60.00 | 0.63 | 1.5 | 0.18 | 0.72 | 0.01 | 0.09 | 2 | ||
| inc | 36.00 | 2.00 | 1.6 | 1.3 | 0.06 | 1.6 | 0.01 | 0.06 | |||
| inc | 44.00 | 1.00 | 1.8 | 5.4 | 0.15 | 1.9 | 0.00 | 0.06 | |||
| inc | 58.00 | 10.00 | 1.4 | 1.2 | 0.23 | 1.5 | 0.00 | 0.10 | |||
| inc | 169.00 | 3.00 | 1.0 | 7.9 | 1.8 | 1.9 | 0.06 | 0.07 | |||
| and | 187.00 | 41.00 | 0.19 | 0.70 | 0.06 | 0.23 | 0.00 | 0.01 | 2 | ||
| GNDD200 | 168.25 | 66.75 | 0.61 | 0.56 | 0.07 | 0.65 | 0.00 | 0.00 | 2 | ||
| inc | 176.45 | 7.15 | 1.0 | 0.59 | 0.03 | 1.1 | 0.00 | 0.00 | |||
| inc | 208.00 | 6.00 | 1.1 | 0.62 | 0.05 | 1.1 | 0.00 | 0.00 | |||
| inc | 232.00 | 1.00 | 4.7 | 5.6 | 1.3 | 5.3 | 0.05 | 0.00 | |||
| GNDD201 | 99.00 | 3.00 | 0.48 | 7.9 | 0.17 | 0.66 | 0.04 | 0.07 | 2 | ||
| and | 130.20 | 0.60 | 1.4 | 2.6 | 0.07 | 1.5 | 0.01 | 0.03 | |||
| GNDD202 | 33.00 | 110.00 | 0.26 | 3.1 | 0.12 | 0.35 | 0.00 | 0.01 | 2 | ||
| inc | 71.75 | 59.25 | 0.35 | 4.7 | 0.20 | 0.50 | 0.01 | 0.01 | 2 | ||
| inc | 98.00 | 10.00 | 1.0 | 21.7 | 0.70 | 1.6 | 0.03 | 0.02 | |||
| inc | 127.00 | 2.00 | 1.2 | 1.1 | 0.02 | 1.2 | 0.00 | 0.01 | |||
| and | 238.00 | 6.00 | 0.57 | 1.0 | 0.03 | 0.59 | 0.00 | 0.01 | 2 | ||
| inc | 240.55 | 1.45 | 1.5 | 0.57 | 0.05 | 1.5 | 0.00 | 0.01 | |||
| GNDD203 | 210.50 | 0.60 | 3.6 | 81.9 | 10.2 | 9.0 | 0.38 | 3.93 | |||
| and | 227.00 | 2.00 | 1.4 | 4.3 | 0.12 | 1.5 | 0.01 | 0.04 | |||
| and | 299.00 | 21.80 | 2.4 | 22.2 | 4.0 | 4.5 | 0.06 | 0.45 | 2 | ||
| inc | 300.25 | 20.55 | 2.6 | 23.1 | 4.2 | 4.7 | 0.07 | 0.48 | |||
| inc | 300.25 | 3.55 | 9.3 | 96.8 | 13.1 | 16.2 | 0.31 | 2.0 | 2 | ||
| GNDD204 | 95.00 | 44.00 | 3.2 | 4.5 | 0.11 | 3.3 | 0.00 | 0.04 | 2 | ||
| inc | 97.38 | 20.62 | 6.4 | 6.4 | 0.11 | 6.6 | 0.00 | 0.06 | |||
| and | 183.00 | 1.00 | 1.2 | 6.7 | 0.44 | 1.5 | 0.01 | 0.33 | |||
| GNDD205 | 214.20 | 0.70 | 15.2 | 7.1 | 4.2 | 17.1 | 0.03 | 0.00 | |||
| GNDD206 | 31.55 | 10.45 | 3.6 | 6.3 | 0.06 | 3.7 | 0.01 | 0.08 | 2 | ||
| inc | 34.65 | 3.90 | 9.5 | 14.9 | 0.03 | 9.7 | 0.03 | 0.21 | |||
| and | 263.00 | 2.00 | 0.88 | 0.37 | 0.10 | 0.93 | 0.00 | 0.00 | 2 | ||
| and | 277.00 | 4.00 | 0.54 | 0.65 | 0.01 | 0.55 | 0.00 | 0.00 | 2 |
Challenger Exploration Limited ACN 123 591 382 ASX: CEL
Issued Capital
973.8m shares 49.6m options 120m perf shares
Australian Registered Office Level 1 1205 Hay Street West Perth WA 6005
Directors
Mr Kris Knauer, MD and CEO Mr Scott Funston, Finance Director Mr Fletcher Quinn , Chairman
Contact
T: +61 8 6380 9235
16m perf rights
www.challengerex.com
| Criteria | JORC Code explanation | Commentary | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| GNDD207 | 114.00 | 0.90 | 2.0 | 1.9 | 0.09 | 2.1 | 0.02 | 0.06 | |||
| and | 122.55 | 2.45 | 8.5 | 15.5 | 1.0 | 9.1 | 0.04 | 0.90 | |||
| and | 169.50 | 3.50 | 0.16 | 68.2 | 0.13 | 1.1 | 0.01 | 0.12 | 2 | ||
| inc | 170.70 | 2.30 | 0.20 | 98.2 | 0.17 | 1.5 | 0.01 | 0.16 | |||
| and | 217.40 | 25.60 | 0.36 | 0.93 | 0.05 | 0.39 | 0.00 | 0.01 | 2 | ||
| inc | 233.00 | 4.00 | 1.4 | 0.64 | 0.01 | 1.4 | 0.00 | 0.01 | |||
| and | 269.35 | 1.95 | 1.7 | 3.4 | 0.35 | 1.9 | 0.01 | 0.11 | |||
| GNDD208 | 170.00 | 73.65 | 0.51 | 1.4 | 0.21 | 0.62 | 0.01 | 0.04 | 2 | ||
| inc | 180.00 | 2.00 | 2.2 | 0.88 | 0.01 | 2.2 | 0.00 | 0.00 | |||
| inc | 208.00 | 35.65 | 0.85 | 2.6 | 0.41 | 1.1 | 0.01 | 0.07 | 2 | ||
| inc | 212.00 | 13.00 | 1.9 | 5.0 | 0.78 | 2.3 | 0.03 | 0.20 | |||
| GNDD209 | 33.60 | 4.40 | 0.18 | 14.2 | 0.08 | 0.40 | 0.00 | 0.06 | 2 | ||
| and | 45.65 | 0.75 | 0.77 | 10.7 | 1.4 | 1.5 | 0.03 | 0.13 | |||
| and | 65.00 | 17.10 | 1.9 | 16.2 | 1.1 | 2.6 | 0.02 | 0.18 | |||
| and | 148.00 | 2.00 | 1.0 | 28.5 | 0.01 | 1.3 | 0.00 | 0.01 | |||
| GNDD210 | 8.00 | 2.00 | 0.86 | 17.9 | 0.02 | 1.1 | 0.00 | 0.17 | |||
| and | 28.00 | 6.00 | 0.04 | 1.4 | 0.47 | 0.26 | 0.00 | 0.03 | 2 | ||
| and | 308.00 | 2.00 | 1.3 | 3.8 | 0.71 | 1.6 | 0.02 | 0.02 | |||
| GNDD211 | 168.80 | 23.20 | 0.51 | 0.82 | 0.12 | 0.57 | 0.00 | 0.02 | 2 | ||
| inc | 177.10 | 4.35 | 1.5 | 2.0 | 0.27 | 1.6 | 0.00 | 0.00 | |||
| GNDD212 | 15.00 | 1.80 | 0.5 | 1.1 | 0.12 | 0.53 | 0.00 | 0.01 | 2 | ||
| and | 42.20 | 1.40 | 1.2 | 8.1 | 0.08 | 1.4 | 0.00 | 0.01 | |||
| GNDD214 | 48.25 | 3.75 | 22.1 | 125 | 2.6 | 24.8 | 0.05 | 0.09 | |||
| GNDD215 | 126.20 | 14.60 | 1.4 | 2.4 | 0.35 | 1.6 | 0.01 | 0.03 | 2 | ||
| inc | 132.50 | 8.30 | 2.1 | 2.1 | 0.40 | 2.3 | 0.01 | 0.01 | |||
| and | 159.00 | 41.00 | 0.15 | 3.1 | 0.08 | 0.23 | 0.01 | 0.04 | 2 | ||
| GNDD216 | 81.00 | 4.00 | 0.30 | 0.29 | 0.0 | 0.30 | 0.00 | 0.00 | 2 | ||
| and | 204.00 | 2.00 | 0.61 | 3.5 | 0.2 | 0.75 | 0.03 | 0.07 | 2 | ||
| GNDD217 | 111.00 | 21.00 | 5.7 | 32.1 | 3.4 | 7.6 | 0.03 | 0.16 | 2 | ||
| inc | 114.65 | 11.70 | 10.1 | 54.8 | 5.9 | 13.3 | 0.06 | 0.26 | |||
| inc | 116.65 | 4.35 | 23.1 | 139 | 11.7 | 29.9 | 0.14 | 0.58 | |||
| GNDD218 | 198.00 | 5.05 | 0.39 | 0.16 | 0.01 | 0.39 | 0.00 | 0.00 | 2 | ||
| GNDD219 | 12.00 | 8.00 | 0.13 | 0.46 | 0.02 | 0.15 | 0.00 | 0.01 | 2 | ||
| and | 68.90 | 39.35 | 0.04 | 10.8 | 0.08 | 0.22 | 0.00 | 0.02 | 2 | ||
| GNDD220 | 86.00 | 108.00 | 0.38 | 1.6 | 0.05 | 0.42 | 0.01 | 0.00 | 2 | ||
| inc | 88.00 | 2.00 | 1.1 | 10.5 | 0.50 | 1.4 | 0.01 | 0.03 | |||
| inc | 137.00 | 49.00 | 0.59 | 1.3 | 0.05 | 0.63 | 0.01 | 0.00 | 2 |
Challenger Exploration Limited ACN 123 591 382 ASX: CEL
Issued Capital
973.8m shares 49.6m options 120m perf shares
Australian Registered Office Level 1 1205 Hay Street West Perth WA 6005
Directors
Mr Kris Knauer, MD and CEO Mr Scott Funston, Finance Director Mr Fletcher Quinn , Chairman
Contact
T: +61 8 6380 9235
16m perf rights
www.challengerex.com
| Criteria | JORC Code explanation | Commentary | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| inc | 146.00 | 4.00 | 1.2 | 1.4 | 0.10 | 1.2 | 0.01 | 0.00 | |||
| inc | 158.30 | 3.70 | 1.8 | 1.9 | 0.02 | 1.8 | 0.01 | 0.01 | |||
| inc | 182.00 | 2.00 | 1.7 | 2.8 | 0.0 | 1.7 | 0.01 | 0.00 | |||
| GNDD221 | 82.80 | 1.20 | 1.1 | 6.7 | 0.10 | 1.2 | 0.00 | 0.04 | |||
| and | 156.85 | 8.15 | 1.5 | 7.5 | 0.83 | 2.0 | 0.03 | 0.13 | |||
| GNDD223 | 26.00 | 2.00 | 0.60 | 0.41 | 0.02 | 0.61 | 0.00 | 0.01 | 2 | ||
| GNDD225 | 79.00 | 9.15 | 0.19 | 0.79 | 0.02 | 0.21 | 0.00 | 0.01 | 2 | ||
| and | 207.00 | 2.00 | 4.3 | 1.1 | 0.0 | 4.3 | 0.01 | 0.00 | |||
| and | 235.00 | 9.20 | 0.93 | 0.63 | 0.0 | 1.0 | 0.00 | 0.04 | |||
| GNDD226 | 109.00 | 16.00 | 0.49 | 2.4 | 0.33 | 0.67 | 0.02 | 0.27 | 2 | ||
| inc | 116.00 | 7.35 | 0.71 | 4.0 | 0.54 | 1.0 | 0.03 | 0.45 | |||
| and | 146.00 | 44.00 | 0.41 | 0.65 | 0.10 | 0.46 | 0.00 | 0.04 | 2 | ||
| inc | 170.00 | 2.00 | 1.3 | 0.84 | 0.06 | 1.4 | 0.00 | 0.04 | |||
| inc | 188.00 | 2.00 | 3.8 | 1.1 | 0.17 | 3.9 | 0.01 | 0.06 | |||
| GNDD227 | 81.00 | 2.00 | 0.77 | 0.52 | 0.0 | 0.78 | 0.00 | 0.00 | 2 | ||
| and | 179.15 | 3.70 | 1.2 | 16.8 | 1.6 | 2.1 | 0.03 | 0.43 | 2 | ||
| inc | 181.95 | 0.90 | 4.2 | 64.5 | 6.6 | 7.9 | 0.13 | 1.8 | |||
| and | 222.00 | 8.00 | 4.2 | 53.6 | 1.7 | 5.7 | 0.06 | 0.05 | 2 | ||
| inc | 223.40 | 6.60 | 5.1 | 64.2 | 2.1 | 6.8 | 0.07 | 0.06 | |||
| GNDD229 | 167.00 | 38.25 | 0.65 | 6.5 | 0.34 | 0.88 | 0.02 | 0.07 | 2 | ||
| inc | 171.00 | 6.00 | 1.7 | 30.1 | 1.5 | 2.7 | 0.09 | 0.21 | |||
| inc | 204.50 | 0.75 | 4.8 | 5.9 | 0.34 | 5.0 | 0.02 | 0.05 | |||
| GNDD230 | 211.00 | 6.00 | 0.18 | 2.5 | 0.04 | 0.23 | 0.00 | 0.00 | 2 | ||
| and | 227.00 | 15.00 | 0.19 | 1.1 | 0.09 | 0.24 | 0.00 | 0.01 | 2 | ||
| and | 256.00 | 4.00 | 0.48 | 0.72 | 0.05 | 0.51 | 0.00 | 0.02 | 2 | ||
| GNDD232 | 139.85 | 2.50 | 0.65 | 15.2 | 0.56 | 1.1 | 0.03 | 0.10 | 2 | ||
| and | 174.00 | 4.00 | 1.7 | 45.3 | 0.21 | 2.4 | 0.02 | 0.11 | 2 | ||
| inc | 176.00 | 2.00 | 2.9 | 71.1 | 0.38 | 4.0 | 0.04 | 0.20 | |||
| GNDD233 | 113.00 | 2.00 | 0.52 | 0.60 | 0.09 | 0.56 | 0.00 | 0.01 | 2 | ||
| and | 180.10 | 2.35 | 0.39 | 0.46 | 0.04 | 0.42 | 0.00 | 0.01 | 2 | ||
| GNDD236 | 175.00 | 52.00 | 1.1 | 4.1 | 0.26 | 1.2 | 0.01 | 0.02 | 2 | ||
| inc | 177.00 | 2.00 | 2.9 | 9.6 | 0.44 | 3.3 | 0.02 | 0.01 | |||
| inc | 201.00 | 2.00 | 1.0 | 5.6 | 1.9 | 1.9 | 0.02 | 0.29 | |||
| inc | 216.60 | 4.40 | 8.4 | 33.6 | 0.19 | 8.9 | 0.01 | 0.00 | |||
| GNDD237 | 139.00 | 12.00 | 0.32 | 1.2 | 0.28 | 0.46 | 0.01 | 0.21 | 2 | ||
| and | 201.55 | 155.45 | 0.61 | 2.1 | 0.11 | 0.69 | 0.00 | 0.01 | 2 | ||
| inc | 201.55 | 72.45 | 0.55 | 3.8 | 0.16 | 0.66 | 0.01 | 0.01 | 2 |
Challenger Exploration Limited ACN 123 591 382 ASX: CEL
Issued Capital
973.8m shares 49.6m options 120m perf shares
Australian Registered Office Level 1 1205 Hay Street West Perth WA 6005
Directors
Mr Kris Knauer, MD and CEO Mr Scott Funston, Finance Director Mr Fletcher Quinn , Chairman
Contact
T: +61 8 6380 9235
16m perf rights
www.challengerex.com
| Criteria | JORC Code explanation | Commentary | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| inc | 234.00 | 9.00 | 1.2 | 14.2 | 0.24 | 1.5 | 0.01 | 0.02 | |||
| inc | 254.50 | 1.75 | 6.7 | 10.8 | 0.51 | 7.1 | 0.03 | 0.02 | |||
| and | 298.00 | 59.00 | 0.91 | 1.0 | 0.06 | 1.0 | 0.01 | 0.01 | 2 | ||
| inc | 302.00 | 2.00 | 3.3 | 0.3 | 0.00 | 3.3 | 0.00 | 0.00 | |||
| inc | 336.00 | 2.00 | 1.3 | 11.4 | 1.5 | 2.1 | 0.13 | 0.10 | |||
| inc | 349.65 | 1.95 | 17.5 | 2.9 | 0.00 | 17.5 | 0.00 | 0.00 | |||
| GNDD239 | 13.00 | 6.00 | 0.25 | 1.8 | 0.10 | 0.31 | 0.00 | 0.00 | 2 | ||
| and | 26.40 | 0.85 | 3.3 | 54.7 | 2.5 | 5.1 | 0.05 | 0.07 | |||
| and | 47.00 | 2.35 | 1.9 | 7.3 | 1.5 | 2.6 | 0.02 | 0.22 | 2 | ||
| inc | 48.30 | 1.05 | 4.2 | 16.2 | 0.71 | 4.7 | 0.03 | 0.50 | |||
| GNDD240 | 114.00 | 2.00 | 1.4 | 0.31 | 0.01 | 1.5 | 0.00 | 0.00 | |||
| and | 167.00 | 3.45 | 2.7 | 50.2 | 2.9 | 4.6 | 0.07 | 0.86 | 2 | ||
| inc | 169.20 | 1.25 | 6.6 | 116 | 7.6 | 11.3 | 0.19 | 2.3 | 1 | ||
| GNDD241 | NSI | ||||||||||
| GNDD242 | 185.45 | 8.55 | 0.54 | 0.45 | 0.05 | 0.57 | 0.00 | 0.02 | 2 | ||
| inc | 185.45 | 1.60 | 1.0 | 1.2 | 0.25 | 1.1 | 0.00 | 0.09 | |||
| and | 306.50 | 0.70 | 2.3 | 0.89 | 0.00 | 2.3 | 0.00 | 0.00 | |||
| GNDD243 | 136.00 | 7.10 | 2.2 | 27.2 | 2.6 | 3.6 | 0.06 | 0.31 | 2 | ||
| inc | 138.00 | 5.10 | 2.1 | 25.9 | 2.5 | 3.5 | 0.06 | 0.30 | |||
| inc | 142.00 | 1.10 | 9.0 | 126 | 14.0 | 16.7 | 0.33 | 1.8 | 1 | ||
| GNDD245 | 139.00 | 43.70 | 1.0 | 1.8 | 0.35 | 1.1 | 0.01 | 0.09 | 2 | ||
| inc | 143.00 | 2.00 | 3.6 | 3.0 | 0.82 | 4.0 | 0.00 | 0.05 | |||
| inc | 181.27 | 1.43 | 18.7 | 38.0 | 6.8 | 22.1 | 0.18 | 1.8 | 1 | ||
| GNDD246 | 179.50 | 2.50 | 4.5 | 9.0 | 2.9 | 5.9 | 0.05 | 0.01 | 2 | ||
| inc | 179.50 | 0.85 | 12.7 | 25.0 | 7.8 | 16.4 | 0.12 | 0.04 | |||
| GNDD248 | 136.00 | 43.00 | 0.22 | 0.50 | 0.12 | 0.28 | 0.00 | 0.02 | 2 | ||
| and | 199.00 | 83.00 | 0.46 | 2.5 | 0.09 | 0.53 | 0.00 | 0.01 | 2 | ||
| inc | 213.00 | 2.00 | 1.3 | 0.45 | 0.02 | 1.3 | 0.00 | 0.00 | |||
| inc | 225.00 | 1.00 | 4.7 | 1.4 | 0.01 | 4.7 | 0.00 | 0.00 | 1 | ||
| inc | 237.10 | 0.70 | 24.8 | 31.0 | 5.9 | 27.7 | 0.23 | 0.01 | |||
| inc | 254.00 | 1.40 | 0.44 | 114 | 0.76 | 2.2 | 0.04 | 0.09 | |||
| GNDD249 | 207.00 | 15.30 | 0.68 | 1.5 | 0.16 | 0.77 | 0.01 | 0.13 | 2 | ||
| inc | 207.00 | 2.60 | 3.0 | 7.9 | 0.87 | 3.5 | 0.05 | 0.75 | |||
| and | 237.00 | 14.60 | 1.1 | 1.3 | 0.14 | 1.2 | 0.01 | 0.04 | 2 | ||
| inc | 251.00 | 0.60 | 21.9 | 16.0 | 2.2 | 23.1 | 0.05 | 0.68 | |||
| GNDD250 | 80.00 | 30.00 | 0.26 | 3.5 | 0.17 | 0.38 | 0.01 | 0.07 | 2 | ||
| inc | 98.00 | 5.00 | 0.88 | 9.2 | 0.63 | 1.3 | 0.02 | 0.22 |
Challenger Exploration Limited ACN 123 591 382 ASX: CEL
Issued Capital
973.8m shares 49.6m options 120m perf shares
Australian Registered Office Level 1 1205 Hay Street West Perth WA 6005
Directors
Mr Kris Knauer, MD and CEO Mr Scott Funston, Finance Director Mr Fletcher Quinn , Chairman
Contact
T: +61 8 6380 9235
16m perf rights
www.challengerex.com
| Criteria | JORC Code explanation | Commentary | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| GNDD252 | 104.00 | 10.00 | 0.60 | 2.3 | 0.25 | 0.73 | 0.01 | 0.05 | 2 | ||
| inc | 107.00 | 5.00 | 0.95 | 3.3 | 0.40 | 1.2 | 0.01 | 0.09 | |||
| and | 128.00 | 12.15 | 0.76 | 1.3 | 0.27 | 0.90 | 0.00 | 0.01 | 2 | ||
| inc | 134.00 | 4.00 | 1.7 | 2.4 | 0.64 | 2.0 | 0.01 | 0.02 | |||
| and | 264.57 | 33.43 | 0.57 | 6.1 | 0.65 | 0.93 | 0.02 | 0.36 | 2 | ||
| inc | 281.70 | 2.90 | 2.7 | 36.3 | 6.1 | 5.8 | 0.16 | 3.4 | |||
| inc | 290.00 | 2.00 | 1.1 | 4.6 | 0.14 | 1.2 | 0.01 | 0.08 | |||
| GNDD253 | 112.00 | 2.00 | 1.0 | 1.1 | 0.1 | 1.0 | 0.01 | 0.0 | |||
| and | 133.00 | 50.00 | 1.8 | 1.0 | 0.1 | 1.9 | 0.00 | 0.0 | 2 | ||
| inc | 139.00 | 38.00 | 2.2 | 1.2 | 0.2 | 2.3 | 0.01 | 0.0 | |||
| inc | 151.55 | 2.37 | 17.2 | 3.7 | 0.3 | 17.3 | 0.01 | 0.0 | 1 | ||
| and | 201.40 | 25.13 | 0.8 | 0.3 | 0.0 | 0.9 | 0.00 | 0.0 | 2 | ||
| inc | 211.00 | 3.64 | 2.4 | 1.3 | 0.1 | 2.4 | 0.01 | 0.1 | |||
| inc | 220.00 | 2.00 | 3.4 | 0.5 | 0.0 | 3.4 | 0.00 | 0.0 | |||
| GNDD254 | 173.00 | 62.00 | 1.7 | 20.3 | 0.33 | 2.1 | 0.01 | 0.08 | 2 | ||
| inc | 173.00 | 17.00 | 3.2 | 4.4 | 0.49 | 3.5 | 0.02 | 0.17 | |||
| inc | 197.00 | 4.00 | 9.4 | 292 | 2.6 | 14.3 | 0.09 | 0.43 | |||
| and | 249.00 | 18.00 | 0.80 | 4.3 | 0.27 | 1.0 | 0.02 | 0.06 | 2 | ||
| inc | 255.45 | 1.00 | 6.5 | 19.0 | 1.4 | 7.3 | 0.06 | 0.01 | |||
| inc | 266.55 | 0.45 | 7.3 | 28.0 | 5.7 | 10.1 | 0.44 | 1.9 | |||
| and | 298.25 | 1.75 | 0.27 | 73.9 | 0.29 | 1.3 | 0.02 | 0.11 | 2 | ||
| and | 312.00 | 12.00 | 0.82 | 0.07 | 0.00 | 0.82 | 0.00 | 0.00 | 2 | ||
| inc | 314.00 | 6.00 | 1.0 | 0.05 | 0.00 | 1.0 | 0.00 | 0.00 | |||
| and | 363.00 | 26.75 | 1.7 | 2.8 | 0.44 | 1.9 | 0.02 | 0.01 | 2 | ||
| inc | 363.00 | 6.00 | 4.6 | 1.9 | 0.19 | 4.7 | 0.01 | 0.00 | |||
| inc | 385.00 | 4.75 | 2.1 | 8.1 | 1.5 | 2.9 | 0.07 | 0.01 | |||
| GNDD255 | 158 | 36.65 | 0.19 | 0.75 | 0.04 | 0.22 | 0.00 | 0.01 | 2 | ||
| inc | 192 | 2.65 | 1.0 | 2.5 | 0.12 | 1.1 | 0.01 | 0.05 | |||
| GNDD257 | 233.00 | 44.25 | 0.32 | 2.5 | 0.17 | 0.43 | 0.01 | 0.07 | 2 | ||
| inc | 259.00 | 2.00 | 2.4 | 3.5 | 0.18 | 2.6 | 0.00 | 0.07 | |||
| inc | 275.00 | 2.25 | 1.2 | 1.9 | 0.14 | 1.3 | 0.00 | 0.01 | |||
| GNDD258 | 250.00 | 2.00 | 0.26 | 17.7 | 2.9 | 1.7 | 0.09 | 1.7 | |||
| GNDD259 | 128.00 | 16.00 | 0.32 | 0.81 | 0.10 | 0.38 | 0.00 | 0.09 | 2 | ||
| inc | 143.00 | 1.00 | 0.82 | 5.5 | 0.85 | 1.3 | 0.03 | 0.61 | |||
| GNDD260 | 159.00 | 2.00 | 0.19 | 9.1 | 1.4 | 0.90 | 0.05 | 0.16 | 2 | ||
| GNDD261 | 22.00 | 4.00 | 1.1 | 5.2 | 0.56 | 1.4 | 0.01 | 0.00 | 2 | ||
| inc | 22.00 | 0.50 | 7.5 | 17.6 | 4.2 | 9.6 | 0.11 | 0.10 |
Challenger Exploration Limited Issued Capital ACN 123 591 382 973.8m shares ASX: CEL 49.6m options 120m perf shares
Australian Registered Office Level 1 1205 Hay Street West Perth WA 6005
Directors
Mr Kris Knauer, MD and CEO Mr Scott Funston, Finance Director Mr Fletcher Quinn , Chairman
Contact
T: +61 8 6380 9235
16m perf rights
www.challengerex.com
| Criteria | JORC Code explanation | Commentary | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| GNDD262 | 183.00 | 39.00 | 0.19 | 1.2 | 0.06 | 0.23 | 0.00 | 0.02 | 2 | ||
| GNDD263 | 59.00 | 9.00 | 0.05 | 0.08 | 0.57 | 0.30 | 0.00 | 0.00 | 2 | ||
| and | 110.00 | 2.00 | 1.3 | 0.56 | 0.00 | 1.32 | 0.00 | 0.00 | |||
| GNDD264 | 70.00 | 2.40 | 0.16 | 6.1 | 1.0 | 0.66 | 0.03 | 0.47 | 2 | ||
| inc | 71.50 | 0.90 | 0.36 | 12.0 | 2.0 | 1.4 | 0.04 | 1.0 | |||
| and | 104.95 | 22.05 | 1.4 | 16.7 | 1.7 | 2.3 | 0.05 | 0.43 | |||
| GNDD265 | 56.00 | 4.00 | 0.57 | 1.3 | 0.08 | 0.63 | 0.01 | 0.04 | 2 | ||
| and | 152.00 | 14.00 | 0.20 | 1.1 | 0.11 | 0.26 | 0.01 | 0.09 | 2 | ||
| and | 237.00 | 1.00 | 8.97 | 19.7 | 2.48 | 10.30 | 0.04 | 0.38 | 1 | ||
| GNDD266 | 34.00 | 16.00 | 0.4 | 9.0 | 0.6 | 0.8 | 0.03 | 0.1 | 2 | ||
| inc | 38.82 | 5.18 | 0.9 | 23.1 | 1.6 | 1.9 | 0.07 | 0.2 | |||
| GNDD267 | 169.00 | 9.00 | 0.3 | 1.2 | 0.2 | 0.4 | 0.01 | 0.02 | 2 | ||
| GNDD268 | NSI | ||||||||||
| GNDD269 | 6.00 | 6.00 | 1.1 | 12.2 | 0.1 | 1.3 | 0.01 | 0.2 | 2 | ||
| inc | 10.00 | 2.00 | 2.8 | 34.4 | 0.3 | 3.4 | 0.01 | 0.5 | |||
| and | 48.00 | 2.00 | 0.2 | 87.3 | 0.4 | 1.5 | 0.01 | 0.0 | |||
| and | 86.00 | 10.00 | 0.3 | 1.1 | 0.0 | 0.3 | 0.00 | 0.0 | 2 | ||
| GNDD270 | NSI | ||||||||||
| GNDD272 | 35.00 | 22.00 | 0.17 | 2.7 | 0.1 | 0.25 | 0.00 | 0.03 | 2 | ||
| and | 96.50 | 51.60 | 3.9 | 11.8 | 1.0 | 4.5 | 0.04 | 0.19 | 2 | ||
| inc | 137.00 | 11.10 | 17.4 | 51.1 | 4.5 | 20.0 | 0.15 | 0.79 | |||
| inc | 139.00 | 7.90 | 23.8 | 65.2 | 6.0 | 27.2 | 0.20 | 1.0 | |||
| GNDD273 | 31.50 | 2.50 | 0.61 | 3.6 | 0.8 | 1.0 | 0.00 | 0.75 | 2 | ||
| inc | 31.50 | 0.87 | 1.5 | 6.5 | 2.0 | 2.4 | 0.00 | 1.9 | |||
| and | 50.33 | 9.17 | 0.07 | 5.9 | 0.6 | 0.42 | 0.01 | 0.10 | 2 | ||
| GNDD274 | 298.00 | 19.00 | 0.74 | 9.6 | 0.5 | 1.1 | 0.01 | 0.2 | 2 | ||
| inc | 305.00 | 2.00 | 6.58 | 48.8 | 3.5 | 8.7 | 0.11 | 2.2 | |||
| GNDD275 | 55.00 | 2.00 | 1.1 | 1.9 | 0.05 | 1.1 | 0.01 | 0.01 | |||
| GNDD276 | 49.00 | 1.45 | 0.76 | 9.1 | 0.48 | 1.1 | 0.02 | 0.26 | |||
| and | 112.15 | 2.85 | 0.38 | 0.57 | 0.02 | 0.39 | 0.00 | 0.01 | 2 | ||
| and | 139.00 | 14.90 | 0.47 | 1.9 | 0.18 | 0.57 | 0.01 | 0.13 | 2 | ||
| inc | 143.00 | 2.00 | 1.3 | 2.5 | 0.22 | 1.5 | 0.01 | 0.16 | |||
| and | 188.30 | 4.85 | 0.32 | 0.59 | 0.13 | 0.38 | 0.00 | 0.07 | 2 | ||
| and | 212.00 | 4.00 | 0.46 | 1.8 | 0.25 | 0.60 | 0.01 | 0.22 | 2 | ||
| GNDD277 | 63.00 | 35.00 | 2.2 | 3.0 | 0.11 | 2.3 | 0.00 | 0.03 | 2 | ||
| inc | 63.00 | 29.00 | 2.6 | 2.7 | 0.09 | 2.7 | 0.00 | 0.03 | |||
| GNDD278 | 221.00 | 11.75 | 0.43 | 1.0 | 0.09 | 0.48 | 0.00 | 0.05 | 2 |
Challenger Exploration Limited Issued Capital ACN 123 591 382 973.8m shares ASX: CEL 49.6m options 120m perf shares
Australian Registered Office Level 1 1205 Hay Street West Perth WA 6005
Directors
Mr Kris Knauer, MD and CEO Mr Scott Funston, Finance Director Mr Fletcher Quinn , Chairman
Contact
T: +61 8 6380 9235
16m perf rights
www.challengerex.com
2.2 0.08
| Criteria JORC Code explanation |
Commentary |
|---|---|
| inc 223.00 1.00 1.0 1.3 0.07 1.1 0.00 0.03 inc 228.00 1.00 1.4 1.9 0.19 1.5 0.01 0.12 GNDD279 49.00 10.30 0.66 1.7 0.08 0.71 0.00 0.02 2 inc 50.65 1.35 1.04 0.6 0.0 1.1 0.00 0.0 inc 58.00 1.30 1.81 9.1 0.5 2.1 0.01 0.1 GNDD280 239.35 15.05 3.7 38.6 0.68 4.5 0.01 0.06 inc 242.25 2.75 18.4 29.8 0.66 19.1 0.03 0.03 1 GNDD281 42.50 23.50 1.1 8.9 0.27 1.3 0.01 0.19 2 inc 42.50 17.50 1.3 11.3 0.29 1.6 0.01 0.23 and 196.30 2.60 1.1 26.2 3.1 2.8 0.09 0.91 2 inc 196.30 1.65 1.4 37.7 4.7 4.0 0.13 1.4 and 224.00 12.00 0.28 4.9 0.37 0.51 0.01 0.04 2 inc 231.10 1.25 0.72 16.0 3.0 2. and 292.00 1.20 3.0 80.4 0.32 4.2 0.01 0.11 and 309.00 3.85 0.43 4.3 0.10 0.53 0.00 0.01 2 and 426.00 1.55 0.27 24.6 1.6 1.3 0.03 0.03 GNDD282 11.00 8.00 0.20 1.7 0.07 0.25 0.00 0.03 2 and 187.00 10.00 0.45 1.7 0.02 0.48 0.00 0.03 2 and 216.50 7.50 0.20 2.7 0.11 0.28 0.01 0.08 2 GNDD283 7.00 4.00 2.9 17.8 0.15 3.2 0.01 0.06 2 inc 8.50 1.20 9.4 49.7 0.26 10.1 0.02 0.13 1 GNDD284 69.55 17.05 2.4 4.7 0.66 2.7 0.02 0.14 2 inc 75.00 5.20 7.4 13.9 2.0 8.5 0.06 0.45 inc 77.80 1.20 21.4 34.4 5.5 24.2 0.17 0.86 1 GNDD285 173.60 1.65 1.0 1.5 0.50 1.2 0.02 0.03 and 312.00 11.30 3.0 11.4 1.38 3.7 0.06 0.03 and 362.40 10.60 0.6 1.2 0.05 0.6 0.01 0.01 2 inc 362.40 1.15 3.7 8.8 0.42 4.0 0.05 0.04 and 393.00 2.00 6.7 12.1 0.09 6.9 0.07 0.01 GNDD286 95.00 6.00 0.22 1.5 0.27 0.36 0.01 0.06 2 and 112.10 3.80 0.38 0.57 0.02 0.40 0.01 0.00 2 and 169.00 10.20 4.2 52.5 3.0 6.2 0.10 0.09 2 inc 169.00 7.45 5.8 71.4 4.0 8.4 0.13 0.12 inc 174.25 2.20 11.5 171 11.1 18.5 0.37 0.31 1 GNDD287 26.00 126.00 0.37 2.1 0.17 0.47 0.00 0.01 2 inc 67.00 5.50 1.8 6.6 0.35 2.0 0.01 0.01 |
Challenger Exploration Limited Issued Capital ACN 123 591 382 973.8m shares ASX: CEL 49.6m options 120m perf shares 16m perf rights
Australian Registered Office Level 1 1205 Hay Street West Perth WA 6005
Directors
Mr Kris Knauer, MD and CEO Mr Scott Funston, Finance Director Mr Fletcher Quinn , Chairman
Contact
T: +61 8 6380 9235
www.challengerex.com
| Criteria JORC Code explanation |
Commentary |
|---|---|
| inc 82.00 2.00 1.5 4.4 0.59 1.8 0.00 0.00 and 202.00 7.00 0.13 1.8 0.16 0.22 0.00 0.02 2 GNDD288 13.00 96.00 1.8 2.9 0.31 2.0 0.01 0.04 2 inc 65.00 44.00 3.7 4.6 0.63 4.1 0.01 0.07 inc 98.20 4.30 27.6 35.4 5.9 30.6 0.11 0.33 1 and 216.00 4.50 3.3 31.2 4.0 5.4 0.15 0.55 2 inc 217.76 1.90 7.6 68.7 8.7 12.2 0.32 1.2 inc 218.55 1.11 11.7 101 12.5 18.4 0.48 2.1 1 and 399.00 27.80 5.5 12.9 3.9 7.3 0.05 0.02 2 inc 403.00 4.00 1.3 2.1 0.62 1.6 0.01 0.00 inc 410.00 14.20 10.1 20.6 7.3 13.6 0.09 0.04 GNDD289 23.00 39.20 0.23 2.1 0.13 0.31 0.00 0.01 2 inc 27.00 2.00 1.0 16.9 0.07 1.3 0.00 0.04 inc 60.90 1.30 0.32 7.1 2.6 1.5 0.08 0.04 and 132.00 4.00 0.68 0.41 0.02 0.69 0.00 0.00 2 and 165.00 14.00 0.27 1.6 0.03 0.30 0.00 0.01 2 and 201.00 6.00 0.17 1.7 0.23 0.29 0.01 0.15 2 GNDD290 27.45 8.55 0.20 6.0 0.07 0.30 0.01 0.00 2 and 70.00 4.00 0.71 13.4 1.1 1.4 0.02 0.01 2 inc 70.00 2.00 1.0 16.1 2.0 2.1 0.04 0.01 and 139.50 11.66 0.31 12.1 0.82 0.82 0.02 0.29 2 inc 139.50 2.10 1.4 25.3 2.1 2.7 0.10 1.3 and 162.60 3.96 1.9 19.9 5.5 4.6 0.05 0.31 GNDD291 18.20 11.80 0.46 7.5 0.10 0.60 0.01 0.04 2 inc 24.00 2.00 1.0 5.7 0.05 1.1 0.01 0.05 and 62.00 77.00 0.19 5.3 0.10 0.29 0.00 0.02 2 and 165.00 25.00 0.13 3.5 0.06 0.20 0.00 0.02 2 inc 179.00 2.00 0.81 6.3 0.34 1.0 0.00 0.09 GNDD292 69.00 12.50 0.25 1.7 0.03 0.29 0.00 0.01 2 inc 69.00 1.00 1.0 3.2 0.04 1.0 0.00 0.04 and 99.00 42.00 0.22 1.5 0.07 0.26 0.00 0.01 2 inc 110.80 2.00 1.0 7.7 0.25 1.2 0.00 0.00 and 159.00 63.00 0.61 8.6 0.75 1.0 0.01 0.26 2 inc 196.75 1.05 1.5 187 16.9 11.2 0.20 0.12 inc 210.70 2.70 2.0 62.0 9.6 6.9 0.22 4.9 inv 219.05 2.95 2.2 1.8 0.01 2.2 0.00 0.00 |
Challenger Exploration Limited ACN 123 591 382 ASX: CEL
Issued Capital
973.8m shares 49.6m options 120m perf shares 16m perf rights
Australian Registered Office Level 1 1205 Hay Street West Perth WA 6005
Directors
Mr Kris Knauer, MD and CEO Mr Scott Funston, Finance Director Mr Fletcher Quinn , Chairman
Contact
T: +61 8 6380 9235
www.challengerex.com
| Criteria JORC Code explanation |
Commentary |
|---|---|
| GNDD293 130.00 66.00 0.48 1.0 0.09 0.53 0.00 0.02 2 inc 130.00 5.50 1.4 3.4 0.19 1.5 0.01 0.03 inc 143.00 2.00 1.9 2.4 0.03 2.0 0.00 0.01 inc 179.50 9.35 0.79 1.8 0.23 0.91 0.01 0.03 GNDD294 35.83 9.17 0.29 4.1 0.18 0.42 0.04 0.24 2 GNDD295 58.00 42.00 0.20 2.7 0.08 0.27 0.00 0.01 2 GNDD296 59.00 13.00 0.31 5.0 0.10 0.42 0.01 0.06 2 inc 70.00 2.00 1.7 21.5 0.09 2.0 0.00 0.04 and 173.00 10.00 0.39 1.6 1.2 0.95 0.01 0.00 and 193.00 16.90 14.1 18.3 5.8 16.9 0.18 0.00 inc 194.20 7.10 28.1 36.1 8.3 32.2 0.31 0.00 inc 207.05 2.85 13.1 13.0 12.6 18.8 0.26 0.00 GNDD297 16.00 14.00 0.47 5.1 0.03 0.55 0.00 0.02 2 inc 20.00 2.00 1.4 21.6 0.01 1.7 0.00 0.00 and 71.00 3.60 0.11 34.0 0.03 0.55 0.00 0.03 2 GNDD298 148.00 21.00 0.63 1.1 0.23 0.75 0.01 0.13 2 inc 148.00 7.00 1.1 2.3 0.39 1.3 0.02 0.26 and 205.00 2.00 1.5 0.15 0.01 1.5 0.00 0.00 and 230.50 1.70 0.60 4.2 0.42 0.83 0.01 0.01 2 and 281.00 5.00 0.06 19.7 0.11 0.36 0.00 0.04 2 and 300.00 9.00 0.57 2.6 0.47 0.80 0.01 0.00 2 inc 308.00 1.00 3.1 17.9 3.87 5.0 0.12 0.01 GNDD299 141.00 1.00 1.1 9.5 0.88 1.6 0.03 0.09 and 147.50 9.85 3.4 44.0 5.3 6.2 0.11 0.20 GNDD300 27.00 18.00 0.36 2.0 0.13 0.44 0.00 0.00 2 and 87.00 33.10 0.36 0.94 0.04 0.39 0.00 0.01 2 inc 108.00 2.00 1.6 0.73 0.01 1.6 0.00 0.00 and 173.85 0.50 0.23 12.6 2.42 1.4 0.07 0.01 and 188.00 0.60 1.5 22.3 2.9 3.0 0.11 0.90 GNDD301 13.20 48.80 0.41 6.1 0.08 0.52 0.00 0.05 2 inc 26.10 15.90 0.75 11.7 0.06 0.92 0.00 0.05 GNDD303 139.00 4.00 0.42 1.3 0.01 0.44 0.00 0.01 2 GNDD304 66.00 47.00 0.23 1.1 0.21 0.33 0.00 0.06 2 inc 66.00 2.00 1.2 3.4 0.11 1.3 0.01 0.14 inc 94.00 2.00 0.72 1.7 0.99 1.2 0.00 0.34 GNDD305 128.00 48.00 0.22 1.4 0.02 0.25 0.00 0.01 2 |
Challenger Exploration Limited Issued Capital ACN 123 591 382 973.8m shares ASX: CEL 49.6m options 120m perf shares 16m perf rights
Australian Registered Office
Level 1 1205 Hay Street West Perth WA 6005
Directors
Mr Kris Knauer, MD and CEO Mr Scott Funston, Finance Director Mr Fletcher Quinn , Chairman
Contact
T: +61 8 6380 9235
www.challengerex.com
| Criteria JORC Code explanation |
Commentary |
|---|---|
| inc 175.00 1.00 1.2 14.2 0.00 1.3 0.09 0.00 and 226.70 12.10 0.37 1.9 0.11 0.44 0.00 0.10 2 inc 237.50 1.30 0.93 7.4 0.50 1.2 0.02 0.54 GNDD306 78.00 25.00 0.49 5.8 0.08 0.60 0.02 0.04 2 inc 84.00 8.00 1.0 13.9 0.20 1.2 0.04 0.09 and 213.25 28.75 0.45 8.2 0.30 0.69 0.02 0.03 2 inc 213.25 1.75 1.0 18.1 0.03 1.2 0.00 0.02 inc 222.70 1.70 2.5 63.1 3.0 4.6 0.19 0.08 inc 234.00 2.00 1.7 21.5 1.0 2.4 0.04 0.03 GNDD307 0.00 23.00 0.33 4.8 0.05 0.41 0.00 0.02 2 and 57.00 22.00 0.28 0.50 0.03 0.30 0.00 0.00 2 inc 57.00 2.00 1.5 0.24 0.01 1.5 0.00 0.00 GNDD308 258.25 36.75 0.49 1.6 0.16 0.58 0.00 0.06 2 inc 291.00 4.00 2.6 5.6 0.84 3.1 0.02 0.05 GNDD309 185.00 23.10 0.62 1.6 0.12 0.70 0.00 0.04 2 inc 191.00 2.00 1.0 11.9 0.11 1.2 0.00 0.11 inc 206.00 2.10 2.8 1.9 0.77 3.1 0.02 0.17 GNDD310 30.00 19.00 2.3 1.7 0.01 2.3 0.00 0.00 2 inc 30.00 2.00 20.3 11.5 0.02 20.5 0.00 0.00 and 186.00 40.00 0.60 0.92 0.02 0.62 0.00 0.00 2 inc 188.00 2.00 1.7 1.9 0.06 1.8 0.00 0.00 inc 204.00 8.00 1.1 1.0 0.00 1.1 0.00 0.00 inc 222.00 2.00 1.0 0.75 0.01 1.0 0.00 0.00 and 288.00 2.00 1.1 6.5 0.16 1.3 0.02 0.15 GNDD311 5.00 22.00 0.44 0.84 0.02 0.46 0.00 0.01 2 inc 23.00 2.00 2.3 1.2 0.04 2.3 0.00 0.02 and 45.00 4.00 0.57 0.31 0.01 0.58 0.00 0.01 2 and 176.00 21.00 0.20 3.2 0.13 0.29 0.01 0.01 2 inc 191.00 4.50 0.31 6.5 0.44 0.59 0.02 0.01 GNDD314 102.00 4.00 0.34 11.8 0.22 0.58 0.01 0.06 2 and 115.35 2.65 1.5 13.8 0.06 1.7 0.00 0.01 2 inc 116.59 1.41 2.4 21.3 0.08 2.7 0.00 0.01 and 205.00 17.50 0.71 11.5 2.4 1.9 0.04 0.22 2 inc 205.00 5.50 1.6 25.1 4.6 4.0 0.08 0.42 inc 205.00 2.15 3.7 33.6 11.4 9.1 0.18 0.88 inc 216.00 6.50 0.51 9.6 2.4 1.7 0.04 0.24 2 |
Challenger Exploration Limited ACN 123 591 382 ASX: CEL
Issued Capital
973.8m shares 49.6m options 120m perf shares 16m perf rights
Australian Registered Office Level 1 1205 Hay Street West Perth WA 6005
Directors
Mr Kris Knauer, MD and CEO Mr Scott Funston, Finance Director Mr Fletcher Quinn , Chairman
Contact
T: +61 8 6380 9235
www.challengerex.com
| Criteria JORC Code explanation |
Commentary |
|---|---|
| inc 217.00 5.50 0.56 10.5 2.7 1.9 0.04 0.27 inc 217.00 3.00 0.83 14.3 3.9 2.7 0.06 0.32 and 284.00 2.00 0.83 0.2 0.01 0.84 0.00 0.00 2 and 296.90 2.75 59.0 25.8 7.2 62.5 0.27 0.00 1 GNDD315 219.00 2.00 0.95 0.75 0.01 1.0 0.00 0.01 2 GNDD316 102.00 4.00 0.29 11.2 0.30 0.56 0.07 0.09 2 and 286.00 34.00 0.32 4.7 0.10 0.42 0.01 0.03 2 inc 286.00 2.00 1.3 28.0 0.05 1.7 0.00 0.00 inc 306.00 2.00 0.64 9.6 0.93 1.2 0.05 0.21 inc 316.00 2.00 1.4 4.4 0.03 1.5 0.01 0.01 GNDD319 108.00 104.00 0.48 1.1 0.03 0.51 0.00 0.01 2 inc 128.00 2.00 1.7 1.2 0.02 1.7 0.00 0.00 inc 140.00 2.00 1.5 0.88 0.01 1.6 0.00 0.01 inc 154.00 2.00 1.3 3.7 0.00 1.3 0.00 0.00 inc 164.00 4.00 1.2 5.5 0.27 1.4 0.02 0.12 inc 196.00 12.00 1.3 0.53 0.01 1.3 0.00 0.00 GNDD320 181.75 36.25 0.4 2.52 0.25 0.55 0.01 0.03 2 inc 197.00 7.85 1.0 5.77 0.61 1.4 0.03 0.04 inc 213.50 1.50 1.2 4.09 0.68 1.6 0.03 0.04 and 254.00 29.00 0.3 0.26 0.02 0.34 0.00 0.00 2 and 301.00 32.50 0.76 0.6 0.04 0.78 0.00 0.00 2 inc 303.50 15.50 1.32 0.8 0.06 1.4 0.00 0.00 GNDD322 132.00 50.00 0.85 1.9 0.27 1.0 0.00 0.01 2 inc 143.60 2.40 12.2 28.5 4.46 14.5 0.05 0.15 inc 159.40 1.40 1.1 1.1 0.21 1.2 0.01 0.03 inc 180.00 2.00 1.4 0.26 0.01 1.4 0.00 0.00 and 295.60 3.40 0.75 0.69 0.01 0.76 0.01 0.00 2 inc 295.60 1.40 1.4 0.64 0.01 1.4 0.01 0.00 and 382.15 8.85 1.3 10.9 1.45 2.0 0.06 0.01 GNDD324 128.00 2.00 1.0 1.0 0.01 1.0 0.01 0.05 and 144.00 2.00 1.9 1.4 0.01 2.0 0.01 0.01 and 152.00 10.00 0.27 0.81 0.11 0.32 0.00 0.01 2 GNDD327 229.00 28.00 0.25 0.20 0.01 0.25 0.00 0.01 2 and 307.00 0.60 1.4 4.4 1.1 1.9 0.03 0.83 and 354.70 1.00 13.2 22.1 2.0 14.4 0.11 0.01 and 386.00 1.70 0.57 0.21 0.01 0.57 0.00 0.00 2 |
Challenger Exploration Limited Issued Capital ACN 123 591 382 973.8m shares ASX: CEL 49.6m options 120m perf shares 16m perf rights
Australian Registered Office Level 1 1205 Hay Street West Perth WA 6005
Directors
Mr Kris Knauer, MD and CEO Mr Scott Funston, Finance Director Mr Fletcher Quinn , Chairman
Contact
T: +61 8 6380 9235
www.challengerex.com
| Criteria JORC Code explanation |
Commentary |
|---|---|
| and 459.00 3.00 0.34 1.1 0.01 0.36 0.00 0.00 2 GNDD329 104.00 14.00 1.1 1.4 0.02 1.2 0.00 0.00 2 inc 106.60 1.65 7.3 4.1 0.02 7.4 0.00 0.01 and 282.00 68.00 0.48 0.87 0.03 0.51 0.01 0.01 2 inc 284.00 2.50 2.9 6.4 0.72 3.3 0.04 0.30 inc 312.00 1.10 3.0 2.0 0.00 3.1 0.00 0.00 inc 331.00 2.00 1.0 0.7 0.00 1.0 0.01 0.00 inc 337.00 2.00 1.2 1.1 0.00 1.2 0.00 0.00 inc 345.00 2.00 1.3 1.0 0.00 1.3 0.01 0.00 GNDD330 286 49.70 0.39 0.88 0.08 0.43 0.00 0.01 2 inc 316 1.00 1.4 0.89 0.03 1.5 0.00 0.01 inc 329 6.70 1.3 1.5 0.06 1.3 0.00 0.00 and 375.2 1.80 0.41 2.6 3.7 2.1 0.03 0.01 2 inc 375.2 0.50 1.3 8.2 12.3 6.7 0.11 0.02 GNDD333 164.20 16.80 0.32 1.3 0.07 0.37 0.00 0.02 2 and 224.00 5.00 0.50 9.1 0.31 0.75 0.01 0.13 and 248.00 1.45 1.2 3.8 0.43 1.4 0.02 0.19 and 262.00 10.30 0.17 2.6 0.65 0.49 0.01 0.03 2 inc 265.80 1.20 0.68 3.0 0.73 1.0 0.02 0.04 inc 271.50 0.80 0.22 7.2 2.0 1.2 0.04 0.00 and 284.00 13.00 0.27 3.19 0.32 0.44 0.01 0.04 2 GNDD334 220.00 29.00 0.33 0.19 0.02 0.34 0.00 0.00 2 inc 222.00 1.50 1.2 0.43 0.01 1.2 0.00 0.00 inc 230.00 1.50 1.4 0.09 0.01 1.4 0.00 0.00 and 275.00 20.00 0.25 0.12 0.01 0.25 0.00 0.00 2 and 317.00 18.65 0.25 0.74 0.06 0.29 0.00 0.03 2 GNDD336 146.00 35.00 0.35 5.3 0.23 0.52 0.00 0.04 2 inc 150.00 2.00 1.3 15.8 0.88 1.8 0.01 0.31 inc 174.00 1.00 2.2 26.8 1.68 3.2 0.03 0.08 and 282.00 3.00 0.40 0.61 0.04 0.42 0.00 0.05 2 and 310.00 49.00 1.5 10.4 1.67 2.4 0.05 0.06 2 inc 312.00 2.92 13.8 55.1 7.22 17.7 0.16 0.49 inc 327.45 2.40 0.20 6.9 1.16 0.79 0.03 0.09 inc 341.45 17.55 1.8 18.2 3.24 3.5 0.11 0.05 GNDD337 90.00 7.00 0.38 0.70 0.07 0.41 0.00 0.05 2 inc 90.00 1.10 1.7 2.1 0.22 1.9 0.01 0.19 |
Challenger Exploration Limited Issued Capital ACN 123 591 382 973.8m shares ASX: CEL 49.6m options 120m perf shares 16m perf rights
Australian Registered Office Level 1 1205 Hay Street West Perth WA 6005
Directors
Mr Kris Knauer, MD and CEO Mr Scott Funston, Finance Director Mr Fletcher Quinn , Chairman
Contact
T: +61 8 6380 9235
www.challengerex.com
| Criteria JORC Code explanation |
Commentary |
|---|---|
| and 195.50 34.00 0.16 3.0 0.01 0.21 0.00 0.01 2 and 258.60 13.90 2.0 6.0 0.74 2.4 0.02 0.04 2 inc 262.20 10.30 2.7 7.9 0.95 3.2 0.03 0.04 and 312.00 2.00 1.8 3.2 0.27 2.0 0.01 0.02 GNDD338 9.00 4.00 0.36 2.55 0.02 0.40 0.00 0.01 2 and 190.00 20.00 0.40 6.12 0.08 0.51 0.01 0.02 2 GNDD346 77.00 4.70 0.67 4.1 0.45 0.92 0.04 0.27 2 inc 80.00 1.70 1.8 2.1 0.16 1.9 0.02 0.04 GNDD352 143.50 11.30 5.4 76.9 5.5 8.8 0.18 0.42 inc 146.00 4.00 10.6 141 11.7 17.4 0.27 0.43 1 and 301.00 3.00 0.42 4.4 0.35 0.63 0.01 0.07 2 inc 302.00 1.00 1.0 9.9 0.63 1.4 0.02 0.15 inc 325.00 1.00 8.9 5.4 3.0 10.3 0.10 0.00 1 GNDD362 191.00 17.00 0.19 8.3 0.04 0.31 0.00 0.01 2 and 237.90 2.50 2.1 77.6 11.1 7.9 0.36 0.36 2 inc 239.1 1.3 3.8 138 21.2 14.7 0.70 0.65 and 401.60 3.50 5.4 9.4 3.9 7.2 0.12 0.00 2 inc 402.25 2.20 8.4 12.1 6.1 11.2 0.18 0.00 and 415.30 1.15 2.2 6.7 1.3 2.8 0.05 0.00 and 423.55 2.75 0.19 4.2 1.7 1.0 0.09 0.00 2 inc 425.00 0.60 0.13 7.5 5.8 2.8 0.23 0.00 GNDD341 60.60 110.40 0.52 0.60 0.08 0.56 0.00 0.00 2 inc 78.00 47.00 1.0 0.95 0.18 1.1 0.01 0.01 2 inc 81.50 5.50 6.4 2.2 0.63 6.7 0.01 0.01 Holes specifically drilled for metallurgical test sample material: GMDD039 18.00 8.00 0.15 1.9 0.60 0.43 0.01 0.07 2 and 67.60 1.00 24.5 58 3.9 26.9 0.27 1.8 1 GMDD040 116.72 8.68 5.5 12 2.2 6.7 0.06 0.00 inc 122.50 2.90 11.8 24 4.2 14.0 0.14 0.00 1 GMDD041 31.00 16.0 2.6 4.9 0.27 2.8 0.01 0.25 2 inc 41.70 2.0 20.0 29 1.2 20.8 0.06 1.7 and 63.50 5.1 7.9 83 7.9 12.3 0.47 0.21 and 306.10 1.6 8.0 9.2 3.6 9.7 0.11 0.00 and 338.40 4.6 0.09 1.7 0.5 0.31 0.01 0.00 2 GMDD043 18.00 10.00 0.09 1.7 0.48 0.32 0.01 0.10 2 and 70.50 0.30 25.9 81 9.4 31.0 0.33 3.1 1 |
Challenger Exploration Limited Issued Capital ACN 123 591 382 973.8m shares ASX: CEL 49.6m options 120m perf shares 16m perf rights
Australian Registered Office Level 1 1205 Hay Street West Perth WA 6005
Directors
Mr Kris Knauer, MD and CEO Mr Scott Funston, Finance Director Mr Fletcher Quinn , Chairman
Contact
T: +61 8 6380 9235
www.challengerex.com
| Criteria JORC Code explanation |
Commentary |
|---|---|
| (1) cut off 10 g/t Au equivalent (2) cut off 0.2 g/t Au equivalent (3) combined zones with 0.2 g/t Au cut off (grades include internal dilution from between zones) (4) combined zones with 1.0 g/t Au cut-off (grades include internal dilation from between zones) NSI: no significant intersection Channel Sample Significant Results: Channel_id from (m) interval (m) Au (g/t) Ag (g/t) Zn (%) AuEq (g/t) Cu (%) Pb (%) Note RNNV09-01 1.17 10.71 6.4 40.9 1.5 7.5 0.17 0.92 RNNV09-01A 0.00 12.34 12.0 34.9 0.51 12.7 0.05 0.40 inc 2.00 8.41 17.2 39.5 0.41 17.8 0.06 0.51 1 RNNV09-01B 0.00 13.94 3.5 29.8 0.80 4.2 0.04 0.53 inc 10.04 1.95 15.0 84.0 2.5 17.2 0.16 2.3 1 RNNV09-01C 0.00 24.11 16.9 37.8 5.8 19.8 0.25 0.58 inc 6.24 13.79 23.3 59.0 7.8 27.4 0.18 0.48 1 RNNV09-01D 0.00 8.16 10.0 23.3 0.68 10.6 0.30 0.13 inc 0.00 6.56 12.4 21.9 0.8 13.0 0.33 0.15 1 RNNV09-02 0.00 4.77 0.84 15.5 3.1 2.4 0.44 1.0 RNNV09-03 0.00 3.55 7.1 45.5 1.1 8.2 1.1 1.3 RNNV10-01 NSI RNNV10_02 0.00 1.98 8.8 62.9 1.2 10.1 0.04 0.28 1 RNNV10_03A 0.00 3.21 1.0 39.1 12.6 7.0 0.52 0.25 inc 1.60 1.60 2.0 54.8 20.7 11.7 0.65 0.50 1 RNNV10_03B 0.00 7.31 22.6 60.5 5.6 25.8 0.38 0.26 inc 1.65 5.66 28.5 54.1 3.6 30.8 0.24 0.32 1 RNNV10_04A 2.25 29.73 19.5 22.8 5.9 22.4 0.10 0.09 2 inc 2.25 23.60 24.6 27.9 7.3 28.1 0.12 0.11 inc 4.37 5.89 96.0 85.1 3.7 98.7 0.20 0.12 1 RNNV10_04B 99.56 4.32 0.05 2.5 2.8 1.3 0.06 0.03 2 inc 101.88 2.00 0.08 3.2 5.4 2.4 0.11 0.06 and 117.23 34.00 0.77 20.7 2.5 2.1 0.13 0.10 2 inc 118.18 2.07 0.19 160 23.2 12.3 1.7 0.88 inc 124.86 2.08 0.36 1.0 2.8 1.6 0.06 0.00 inc 131.64 11.91 1.9 25.5 1.6 3.0 0.05 0.13 inc 146.46 0.92 0.72 6.2 2.6 1.9 0.04 0.03 and 168.53 0.96 0.85 14.6 0.48 1.2 0.0 0.41 and 215.15 6.45 0.30 6.2 0.80 0.73 0.02 0.17 2 |
Challenger Exploration Limited Issued Capital ACN 123 591 382 973.8m shares ASX: CEL 49.6m options 120m perf shares
Australian Registered Office Directors Contact Level 1 Mr Kris Knauer, MD and CEO T: +61 8 6380 9235 1205 Hay Street Mr Scott Funston, Finance Director E: [email protected] West Perth WA 6005 Mr Fletcher Quinn , Chairman
16m perf rights
www.challengerex.com
| Criteria | JORC Code explanation | Commentary | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| inc | 218.81 | 1.76 | 0.60 | 7.9 | 1.8 | 1.5 | 0.06 | 0.28 | |||
| RNNV10_04C | 18.78 | 2.79 | 1.0 | 1.2 | 0.09 | 1.1 | 0.01 | 0.04 | 2 | ||
| inc | 20.62 | 0.95 | 1.7 | 2.5 | 0.11 | 1.8 | 0.01 | 0.05 | |||
| GN23-831 | 0.00 | 0.00 | 0.31 | 9.8 | 1.5 | 1.1 | 0.04 | 0.13 | |||
| RNNV10_06 | 0.00 | 9.28 | 1.4 | 87.1 | 7.6 | 5.8 | 0.92 | 0.23 | 2 | ||
| inc | 0.00 | 8.28 | 1.5 | 96.1 | 8.4 | 6.4 | 0.92 | 0.26 | |||
| inc | 6.33 | 1.06 | 0.05 | 36.5 | 30.0 | 13.5 | 0.17 | 0.18 | 1 | ||
| RNNV10_07 | 0.00 | 3.87 | 0.16 | 4.5 | 1.1 | 0.69 | 0.06 | 0.05 | 2 | ||
| inc | 2.87 | 1.00 | 0.33 | 14.8 | 3.2 | 1.9 | 0.21 | 0.17 | |||
| RNNV10_08 | 0.94 | 2.82 | 19.4 | 87.6 | 3.8 | 22.2 | 0.14 | 2.5 | 2 | ||
| inc | 0.94 | 1.80 | 30.2 | 135 | 5.6 | 34.4 | 0.21 | 3.9 | 1 | ||
| RNNV10_09 | NSI | ||||||||||
| RNNV10_10 | 0.00 | 1.13 | 0.20 | 3.3 | 0.31 | 0.38 | 0.00 | 0.04 | 2 | ||
| RNNV11-01 | 0.0 | 96.5 | 9.8 | 81.8 | 10.6 | 15.4 | 0.62 | 0.99 | |||
| RNNV11-02 | 2.0 | 55.3 | 4.7 | 172 | 3.59 | 8.4 | 0.21 | 0.62 | |||
| inc | 3.9 | 20.6 | 7.9 | 352 | 3.29 | 13.8 | 0.30 | 0.99 | 1 | ||
| RNNV11-03 | 0.0 | 10.2 | 0.19 | 6.4 | 3.21 | 1.7 | 2.0 | 0.04 | |||
| RNNV11-04 | 0.0 | 5.4 | 2.3 | 6.6 | 4.87 | 4.5 | 0.15 | 0.07 | |||
| RNNV11-05 | 0.0 | 4.7 | 3.7 | 24.6 | 4.20 | 5.9 | 0.03 | 0.14 | |||
| RNNV12-01 | 0.0 | 35.2 | 3.2 | 18.2 | 8.0 | 6.9 | 0.09 | 0.07 | |||
| RNNV12-02 | 0.0 | 6.0 | 1.9 | 41.4 | 10.5 | 6.9 | 0.22 | 0.05 | |||
| RNNV12-03 | 0.0 | 12.8 | 8.7 | 16.9 | 5.2 | 11.2 | 0.59 | 0.02 | |||
| RNNV12-04 | 0.0 | 21.1 | 12.7 | 37.7 | 7.1 | 16.3 | 0.11 | 0.40 | |||
| inc | 0.0 | 5.2 | 13.4 | 41.0 | 18.2 | 21.8 | 0.18 | 0.43 | 1 | ||
| inc | 14.7 | 6.5 | 29.1 | 51.3 | 4.7 | 31.8 | 0.19 | 0.89 | 1 | ||
| RNNV12-05 | 0.0 | 64.8 | 23.4 | 104 | 8.3 | 28.3 | 0.20 | 1.5 | |||
| inc | 7.6 | 8.8 | 45.2 | 88.7 | 6.8 | 49.3 | 0.34 | 0.68 | 1 | ||
| inc | 20.1 | 26.5 | 29.3 | 114 | 8.2 | 34.4 | 0.24 | 2.9 | 1 | ||
| inc | 49.7 | 3.1 | 13.3 | 337 | 13.1 | 23.3 | 0.24 | 0.80 | 1 | ||
| inc | 56.9 | 3.3 | 67.7 | 268 | 11.5 | 76.0 | 0.24 | 1.3 | 1 | ||
| RNNV12-06 | 0.0 | 5.0 | 1.3 | 156 | 7.5 | 6.6 | 0.08 | 0.21 | |||
| RNNV12-07 | 0.0 | 3.1 | 10.9 | 19.4 | 4.8 | 13.3 | 0.09 | 0.30 | |||
| RNNV12-08 | 0.0 | 3.5 | 17.6 | 37.3 | 0.31 | 18.2 | 0.02 | 0.10 | |||
| RNNV12-09 | 0.0 | 5.4 | 30.9 | 83.9 | 8.4 | 35.6 | 0.34 | 1.8 | 1 | ||
| RNNV12-10 | 0.0 | 8.7 | 3.8 | 837 | 1.4 | 15.0 | 0.22 | 0.76 | 1 | ||
| RNNV12-11 | 0.0 | 2.3 | 29.7 | 70.8 | 0.86 | 30.9 | 0.07 | 0.14 | 1 | ||
| RNNV12-12 | 0.0 | 19.8 | 13.7 | 102 | 3.0 | 16.3 | 0.11 | 0.41 | 1 |
Challenger Exploration Limited ACN 123 591 382 ASX: CEL
Issued Capital
973.8m shares 49.6m options 120m perf shares
Australian Registered Office
Directors
Level 1 Mr Kris Knauer, MD and CEO 1205 Hay Street Mr Scott Funston, Finance Director West Perth WA 6005 Mr Fletcher Quinn , Chairman
Contact
T: +61 8 6380 9235
16m perf rights
www.challengerex.com
| Criteria | JORC Code explanation | Commentary | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| MUNV10-01 | 0.00 | 15.28 | 0.19 | 9.0 | 0.12 | 0.35 | 0.02 | 0.16 | 2 | ||
| MUNV10-02 | 4.16 | 24.91 | 2.0 | 12.1 | 2.4 | 3.2 | 0.11 | 0.30 | |||
| MUNV10-03 | 0.00 | 3.81 | 3.1 | 55.2 | 8.0 | 7.3 | 0.43 | 1.1 | |||
| MUNV10-04 | 0.00 | 4.28 | 2.1 | 109 | 2.8 | 4.7 | 2.8 | 1.6 | |||
| MGNV10-01 | 2.00 | 44.34 | 0.33 | 5.2 | 0.19 | 0.48 | 0.01 | 0.04 | 2 | ||
| inc | 44.67 | 1.66 | 5.9 | 96.9 | 2.3 | 8.1 | 0.13 | 0.16 | |||
| MGNV10-02 | 0.00 | 22.47 | 9.8 | 21.0 | 6.5 | 12.9 | 0.11 | 0.45 | |||
| inc | 0.00 | 4.21 | 34.7 | 29.4 | 22.1 | 44.7 | 0.32 | 1.9 | 1 | ||
| inc | 8.39 | 2.54 | 14.1 | 93.7 | 0.67 | 15.6 | 0.13 | 0.29 | 1 | ||
| inc | 15.92 | 2.77 | 8.2 | 18.1 | 0.15 | 8.5 | 0.03 | 0.25 | 1 | ||
| MGNV10-03 | 0.00 | 35.04 | 2.5 | 41.0 | 0.72 | 3.3 | 0.04 | 0.16 | 2 | ||
| inc | 0.00 | 20.49 | 4.2 | 67.7 | 1.1 | 5.5 | 0.07 | 0.26 | |||
| MGNV10-04 | 0.00 | 4.79 | 0.14 | 1.7 | 0.26 | 0.28 | 0.05 | 0.05 | 2 | ||
| MGNV10-05 | 0.00 | 12.00 | 13.8 | 105 | 3.0 | 16.5 | 0.05 | 0.21 | |||
| inc | 0.00 | 3.70 | 33.2 | 298 | 4.2 | 38.9 | 0.06 | 0.09 | |||
| MGNV10-06 | 0.00 | 9.91 | 4.2 | 25.3 | 4.5 | 6.5 | 0.07 | 0.20 | |||
| MGNV10-07 | 0.00 | 9.59 | 3.6 | 57.3 | 6.4 | 7.1 | 0.35 | 4.8 | |||
| MGNV10-07 | 19.80 | 2.02 | 0.23 | 5.1 | 3.0 | 1.6 | 0.03 | 0.04 | |||
| MGNV10-08 | 0.00 | 4.21 | 3.0 | 17.6 | 2.5 | 4.2 | 0.04 | 0.20 | |||
| MGNV10-09 | 0.00 | 6.48 | 5.5 | 44.3 | 6.4 | 8.9 | 0.14 | 0.07 | |||
| MGNV10-10 | 0.00 | 1.00 | 1.1 | 3.3 | 0.94 | 1.6 | 0.01 | 0.14 | |||
| SZNV10-01 | 2.0 | 30.4 | 1.2 | 8.8 | 1.9 | 2.2 | 0.06 | 0.01 | 2 | ||
| inc | 23.6 | 8.7 | 3.9 | 28.8 | 6.3 | 7.0 | 0.19 | 0.02 | |||
| SZNV10-02 | 0.0 | 52.0 | 1.3 | 7.9 | 4.5 | 3.4 | 0.40 | 0.06 | 2 | ||
| inc | 0.0 | 6.3 | 2.6 | 27.5 | 1.9 | 3.7 | 0.33 | 0.08 | |||
| inc | 11.3 | 25.7 | 2.0 | 8.1 | 7.7 | 5.5 | 0.48 | 0.07 | |||
| inc | 18.7 | 6.2 | 7.0 | 17.0 | 3.0 | 8.5 | 0.14 | 0.13 | 1 | ||
| inc | 41.5 | 1.8 | 0.03 | 0.34 | 3.2 | 1.4 | 0.12 | 0.02 | |||
| SZNV10-03 | 0.0 | 4.4 | 8.2 | 63.2 | 0.8 | 9.4 | 0.05 | 0.09 | |||
| SZNV10-04 | 0.0 | 3.5 | 9.1 | 27.4 | 3.7 | 11.1 | 0.20 | 0.08 | |||
| SZNV11-01 | 0.0 | 14.9 | 0.34 | 2.3 | 4.0 | 2.1 | 0.19 | 0.01 | 2 | ||
| inc | 0.0 | 11.2 | 0.43 | 2.3 | 5.0 | 2.6 | 0.25 | 0.01 | |||
| SZNV11-02 | 0.0 | 3.4 | 4.0 | 27.5 | 2.5 | 5.4 | 0.37 | 0.04 | |||
| SZNV11-03 | 0.0 | 9.3 | 2.1 | 34.1 | 2.4 | 3.6 | 0.53 | 0.07 | 2 | ||
| inc | 1.0 | 8.3 | 2.3 | 37.6 | 2.5 | 3.9 | 0.56 | 0.07 | |||
| SZNV11-04 | 0.0 | 6.1 | 0.08 | 2.0 | 7.6 | 3.4 | 0.33 | 0.04 | 2 | ||
| inc | 0.0 | 4.3 | 0.06 | 1.4 | 10.3 | 4.6 | 0.24 | 0.02 |
Challenger Exploration Limited ACN 123 591 382 ASX: CEL
Issued Capital
973.8m shares 49.6m options 120m perf shares
Australian Registered Office
Directors
Level 1 Mr Kris Knauer, MD and CEO 1205 Hay Street Mr Scott Funston, Finance Director West Perth WA 6005 Mr Fletcher Quinn , Chairman
Contact
T: +61 8 6380 9235
16m perf rights
www.challengerex.com
| Criteria | JORC Code explanation | Commentary | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| SZNV11-05 | 0.0 | 3.3 | 0.53 | 20.1 | 4.0 | 2.5 | 0.68 | 0.15 | 2 | ||
| inc | 2.0 | 1.3 | 1.2 | 44.9 | 8.6 | 5.5 | 0.89 | 0.22 | |||
| SZNV11-06 | 0.0 | 17.2 | 0.06 | 5.0 | 11.4 | 5.1 | 0.68 | 0.12 | |||
| SZNV11-07 | 0.0 | 3.8 | 0.03 | 1.2 | 8.9 | 3.9 | 0.46 | 0.06 | |||
| SZNV11-08 | 0.0 | 7.1 | 3.8 | 18.7 | 9.6 | 8.1 | 0.62 | 1.2 | |||
| SZNV11-09 | 0.0 | 30.7 | 0.91 | 70.2 | 13.5 | 7.7 | 0.74 | 0.74 | |||
| SZNV11-10 | 0.0 | 3.1 | 0.38 | 55.8 | 14.8 | 7.5 | 0.47 | 0.16 | |||
| SZNV11-11 | 0.0 | 4.6 | 0.26 | 9.1 | 12.6 | 5.8 | 1.0 | 0.16 | |||
| inc | 0.0 | 3.6 | 0.32 | 11.2 | 15.9 | 7.4 | 1.3 | 0.21 | |||
| SZNV11-12 | 0.0 | 12.0 | 8.3 | 28.9 | 1.4 | 9.3 | 0.11 | 0.13 | |||
| L5NV10-01 | 8.55 | 9.40 | 0.26 | 5.5 | 0.10 | 0.38 | 0.01 | 0.04 | 2 | ||
| L5NV10-02 | 0.00 | 6.30 | 1.7 | 32.8 | 0.48 | 2.3 | 0.01 | 0.08 | 2 | ||
| inc | 2.00 | 4.30 | 2.4 | 42.7 | 0.28 | 3.1 | 0.01 | 0.11 | |||
| L5NV10-03 | 0.00 | 1.44 | 1.2 | 11.3 | 0.11 | 1.3 | 0.01 | 0.48 | 2 | ||
| L5NV10-04 | 0.00 | 9.04 | 26.0 | 50.8 | 0.10 | 26.7 | 0.03 | 1.1 | |||
| inc | 2.20 | 6.85 | 33.1 | 60.9 | 0.13 | 34.0 | 0.03 | 1.2 | 1 | ||
| L5NV10-05 | 0.00 | 2.69 | 20.1 | 268 | 0.08 | 23.5 | 0.02 | 1.0 | 1 | ||
| L6NV10-01 | 0.00 | 5.21 | 10.4 | 19.1 | 0.18 | 10.7 | 0.02 | 0.48 | 2 | ||
| inc | 2.00 | 1.79 | 27.3 | 39.3 | 0.22 | 27.9 | 0.01 | 0.84 | |||
| L6NV10-02 | 0.00 | 3.77 | 0.70 | 4.5 | 0.41 | 0.93 | 0.01 | 0.07 | 2 | ||
| and | 14.44 | 10.46 | 11.2 | 215 | 0.31 | 14.0 | 0.03 | 0.98 | 2 | ||
| inc | 18.10 | 6.81 | 17.0 | 329 | 0.16 | 21.3 | 0.03 | 1.5 | |||
| BCNV10-02 | 2.82 | 1.92 | 0.32 | 2.2 | 0.43 | 0.54 | 0.01 | 0.00 | 2 | ||
| FHNV10-01A | 6.40 | 1.78 | 0.09 | 2.9 | 0.35 | 0.28 | 0.01 | 0.01 | 2 | ||
| FHNV10-01B | 0.00 | 9.21 | 3.0 | 89.6 | 2.2 | 5.1 | 0.13 | 3.5 | 2 | ||
| inc | 1.92 | 4.63 | 5.6 | 175 | 3.8 | 9.5 | 0.23 | 6.8 | |||
| FHNV10-02 | 0.00 | 13.01 | 12.0 | 80.2 | 5.6 | 15.5 | 0.40 | 4.8 | |||
| inc | 0.00 | 8.49 | 17.8 | 114 | 6.2 | 21.9 | 0.53 | 6.9 | 1 | ||
| FHNV10-03 | 0.00 | 12.71 | 2.1 | 64.2 | 3.5 | 4.4 | 0.28 | 1.6 | |||
| FHNV10-04 | 0.00 | 4.24 | 3.1 | 136 | 7.7 | 8.1 | 0.57 | 7.0 | |||
| FHNV10-05 | 0.00 | 1.67 | 6.4 | 360 | 12.7 | 16.4 | 0.69 | 9.7 | |||
| FHNV10-06 | 0.00 | 3.83 | 3.8 | 156 | 20.2 | 14.6 | 0.61 | 4.2 | |||
| FHNV10-07 | 3.45 | 1.03 | 0.08 | 1.3 | 0.50 | 0.31 | 0.01 | 0.02 | 2 | ||
| GN24-539 | 0.00 | 1.00 | 0.24 | 4.7 | 0.51 | 0.52 | 0.05 | 0.34 | 2 | ||
| CINV10-02 | 0.00 | 5.27 | 0.69 | 4.4 | 0.07 | 0.78 | 0.00 | 0.02 | 2 | ||
| inc | 3.33 | 1.94 | 1.5 | 5.3 | 0.08 | 1.6 | 0.00 | 0.02 | |||
| CIINV10-01A | 1.80 | 6.96 | 0.90 | 17.9 | 0.26 | 1.24 | 0.02 | 0.18 | 2 |
Challenger Exploration Limited Issued Capital ACN 123 591 382 973.8m shares ASX: CEL 49.6m options 120m perf shares
Australian Registered Office
Directors
Level 1 Mr Kris Knauer, MD and CEO 1205 Hay Street Mr Scott Funston, Finance Director West Perth WA 6005 Mr Fletcher Quinn , Chairman
Contact
T: +61 8 6380 9235
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| Criteria JORC Code explanation |
Commentary |
|---|---|
| CIINV10-01B 0.00 7.02 1.45 79.3 0.23 2.55 0.02 0.34 2 CIINV10-03 0.00 26.89 0.80 43.2 0.21 1.44 0.02 0.17 2 inc 8.22 13.53 1.11 76.6 0.33 2.23 0.03 0.29 CIIIVN10-01 0.00 81.00 NSI CHNV10-01A 0.00 9.94 8.0 6.6 0.38 8.3 0.12 0.80 inc 5.10 3.09 21.6 12.7 0.61 22.0 0.22 1.4 1 CHNV10-01B 1.70 7.27 1.4 3.2 1.1 2.0 0.02 0.44 2 inc 3.32 5.65 1.6 3.7 1.4 2.3 0.02 0.49 CHNV10-02 0.00 19.30 0.69 8.6 0.95 1.2 0.03 0.44 2 inc 0.00 2.92 0.89 34.6 4.8 3.4 0.07 1.9 inc 9.16 3.21 0.87 4.2 0.55 1.2 0.02 0.29 inc 16.07 1.60 1.9 15.0 0.31 2.2 0.09 0.42 CHNV10-03 0.00 3.94 0.40 2.0 0.50 0.64 0.02 0.15 2 inc 3.21 0.73 1.3 1.4 0.70 1.6 0.02 0.15 CHNV10-04 0.00 7.96 2.0 8.5 1.1 2.6 0.03 0.62 DJNV10-01A 0.00 59.54 2.2 11.2 5.1 4.5 0.23 0.07 inc 57.49 2.06 15.7 49.7 2.1 17.2 0.08 0.11 1 DJNV10-01B 4.14 20.23 0.06 2.6 0.32 0.23 0.00 0.01 2 SNV10-01 0.00 15.55 70.9 59.1 0.18 71.7 0.10 1.7 inc 0.00 4.00 202 172 0.07 203.8 0.03 2.3 1 inc 8.19 6.30 43.7 22.6 0.15 44.0 0.06 2.1 1 SNV10-02 0.00 12.52 2.3 12.3 1.36 3.0 0.14 0.55 (1) cut off 10 g/t Au equivalent (2) cut off 0.2 g/t Au equivalent NSI: no significant intersection |
|
| Data aggregation methods - In reporting Exploration Results weighting averaging techniques maximum and/or minimum grade truncations (eg cutting of high grades) and cut-off grades are usually Material and should be stated. - Where aggregate intercepts incorporate short lengths of high-grade results and longer lengths of low-grade results the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail. - The assumptions used for any reporting of metal equivalent values should be clearly stated. Weighted average significant intercepts are reported to a gold grade equivalent (AuEq). Results are reported to cut-off grade of a 1.0 g/t Au equivalent and 10 g/t Au equivalent allowing for up to 2m of internal dilution between samples above the cut-off grade and 0.2 g/t Au equivalent allowing up to 10m of internal dilution between samples above the cut-off grade. The following metals and metal prices have been used to report gold grade equivalent: Au US$ 1780 / oz Ag US$24 /oz and Zn US$ 2800 /t. Metallurgical recoveries for Au, Ag and Zn have been estimated from metallurgical test work completed by SGS Metallurgical Operations in Lakefield, Ontario using a combination of gravity and flotation of a combined metallurgical sample from 5 drill holes. Using data from the test results, and for the purposes of the AuEq calculation gold recovery is estimated at 89%, silver at 84% and zinc at 79%. Accordingly, the formula used is AuEq (g/t) = Au (g/t) + [Ag (g/t) x (24/1780) x (0.84/0.89)] + [Zn (%) x (28.00*31.1/1780) x (0.79/0.89)]. Metallurgical test work and geological and petrographic descriptions suggest all the elements included in the metal equivalents calculation have a reasonablepotential of eventual economic recovery. |
Issued Capital 973.8m shares 49.6m options 120m perf shares
Australian Registered Office Level 1 1205 Hay Street
West Perth WA 6005
Directors
Mr Kris Knauer, MD and CEO
Mr Scott Funston, Finance Director
Mr Fletcher Quinn , Chairman
Contact
T: +61 8 6380 9235
16m perf rights
Challenger Exploration Limited ACN 123 591 382 ASX: CEL
www.challengerex.com
| Criteria | JORC Code explanation | JORC Code explanation | Commentary | |
|---|---|---|---|---|
| While Cu and Pb are reported in the table above, these metals are not used in the Au equivalent calculation | ||||
| at this early stage of the Project. | ||||
| No top cuts have been applied to the reported grades. | ||||
| Relationship | - | These relationships are particularly | The mineralisation is moderately or steeply dipping and strikes NNE and ENE. For some drill holes, there is insufficient | |
| between | important in the reporting of | information to confidently establish the true width of the mineralized intersections at this stage of the exploration | ||
| mineralisation | Exploration Results. | program. | ||
| widths and intercept lengths |
- | If the geometry of the mineralisation with respect to the drill hole angle is known its nature should be reported. |
Apparent widths may be thicker in the case where bedding-parallel mineralisation may intersect ENE-striking cross faults and veins. |
|
| - | If it is not known and only the down | Representative | cross section interpretations have been provided with release of significant intersections to allow | |
| hole lengths are reported there should | estimation of true widths from individual drill intercepts. | |||
| be a clear statement to this effect (eg | ||||
| ‘down hole length true width not | ||||
| _known’). _ | ||||
| Diagrams | - | Appropriate maps and sections (with | Representative | maps and sections are provided in the body of reports released to the ASX. |
| scales) and tabulations of intercepts | ||||
| should be included for any significant | ||||
| discovery being reported These should | ||||
| include but not be limited to a plan | ||||
| view of drill hole collar locations and | ||||
| appropriate sectional views. | ||||
| Balanced | - | Where comprehensive reporting of all | All available final data have been reported. | |
| reporting | Exploration Results is not practicable | |||
| representative reporting of both low | ||||
| and high grades and/or widths should | ||||
| be practiced to avoid misleading | ||||
| reporting of Exploration Results. | ||||
| Other | - | Other exploration data if meaningful | Geological context and observations about the controls on mineralisation where these have been made are provided in | |
| substantive | and material should be reported | the body of the report. | ||
| exploration data | including (but not limited to): geological observations; geophysical |
Specific gravity | measurements have been taken from the drill core recovered during the drilling program. These data are | |
| survey results; geochemical survey | expected to be | used to estimate bulk densities in future resource estimates. | ||
| results; bulk samples – size and method | ||||
| of treatment; metallurgical test results; | ||||
| bulk density groundwatergeotechnical |
Challenger Exploration Limited Issued Capital Australian Registered Office ACN 123 591 382 973.8m shares Level 1 ASX: CEL 49.6m options 1205 Hay Street 120m perf shares West Perth WA 6005
Directors
Contact
Level 1 Mr Kris Knauer, MD and CEO T: +61 8 6380 9235 1205 Hay Street Mr Scott Funston, Finance Director E: [email protected] West Perth WA 6005 Mr Fletcher Quinn , Chairman
16m perf rights
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| Criteria | JORC Code explanation | JORC Code explanation | Commentary |
|---|---|---|---|
| and rock characteristics; potential | Eight Induced Polarisation (IP) lines have been completed in the northern area. Each line is approximately 1 kilometre in | ||
| deleterious or contaminating | length lines are spaced 100m apart with a 50m dipole. The initial results indicate possible extension of the mineralisation | ||
| substances. | with depth. Data will be interpreted including detailed re-processing and drill testing. | ||
| A ground magnetic survey and drone magnetic survey have been completed. The results of these data are being | |||
| processed and interpreted with the geological information provided from surface and in the drilling and will be used to | |||
| guide future exploration. | |||
| Further work | - | The nature and scale of planned further | • CEL Plans to undertake the following over the next 12 months |
| work (eg tests for lateral extensions or | • Additional data precision validation and drilling as required; |
||
| depth extensions or large-scale step- | • Detailed interpretation of known mineralized zones; |
||
| out drilling). | • Geophysical tests for undercover areas. |
||
| - | Diagrams clearly highlighting the areas of possible extensions including the main geological interpretations and |
• Structural interpretation and alteration mapping using high resolution satellite data and geophysics to better target extensions of known mineralisation. |
|
| future drilling areas provided this | • Field mapping program targeting extensions of known mineralisation. |
||
| information is not commercially | • Investigate further drilling requirements to upgrade both the unclassified mineralisation and mineralisation in |
||
| sensitive. | the existing historical resources to meet JORC 2012 requirements; | ||
| • Further metallurgical test work on lower grade mineralisation in the intrusions and oxidised mineralisation. |
Challenger Exploration Limited ACN 123 591 382 ASX: CEL
Issued Capital
973.8m shares 49.6m options 120m perf shares
Australian Registered Office
Level 1 1205 Hay Street West Perth WA 6005
Directors
Mr Kris Knauer, MD and CEO Mr Scott Funston, Finance Director Mr Fletcher Quinn , Chairman
Contact
T: +61 8 6380 9235
16m perf rights
www.challengerex.com
Section 3 Estimation and Reporting of Mineral Resources
(Criteria listed in the preceding section also apply to this section.)
| Criteria | JORC Code explanation | JORC Code explanation | Commentary | |
|---|---|---|---|---|
| Database | - | Measures taken to ensure that data has not | Geological logging completed by previous explorers was done on paper copies and transcribed into the drill hole | |
| integrity | been corrupted by for example transcription or | database. The data was checked for errors. Checks can be made against the original logs and core photographs. | ||
| keying errors between its initial collection and | ||||
| its use for Mineral Resource estimation | Assay data is received in digital format. Backup copies are kept and the data is copied into the drill hole database. | |||
| purposes. | ||||
| - | Data validationprocedures used. | The drill hole data is backed up and is updated periodically by a Company GIS and data team. | ||
| Site visits | - | Comment on any site visits undertaken by the | Site visits have been undertaken from 3 to 16 October 2019 15 to 30 November 2019 and 1-19 February 2020. The | |
| Competent Person and the outcome of those | performance of the drilling program collection of data and sampling procedures were initiated during these visits. | |||
| visits. | ||||
| - | If no site visits have been undertaken indicate | |||
| why this is the case. | ||||
| Geological | - | Confidence in (or conversely the uncertainty of) | The interpretation is considered appropriate given the stage of the project and the nature of activities that have |
|
| interpretation | the geological interpretation of the mineral | been conducted. The interpretation captures the essential geometry of the mineralised structure and lithologies | ||
| deposit. | with drill data supporting the findings from the initial underground sampling activities. | |||
| - | Nature of the data used and of any | |||
| assumptions made. | The most recent resource calculation (2006 and 2003 – La Mancha) used all core drilling at the time and detailed | |||
| - | The effect if any of alternative interpretations | underground channel sampling collected by EPROM CMEC and La Mancha. Overlying assumptions included a | ||
| on Mineral Resource estimation. | reduction of the calculated grade in each resource block by a factor of 10% to account for possible errors in the | |||
| - | The use of geology in guiding and controlling | analyses and samples. An arbitrary reduction factor was applied to the 2006 resource whereby the net reported | ||
| Mineral Resource estimation. | tonnage was reduced by 25% for indicated resource blocks 50% for inferred resource blocks and 75% of potential | |||
| - | The factors affecting continuity both of grade | mineral resource blocks. The reason for the application of these tonnage reduction factors was not outlined in the | ||
| and geology. | resource report. It is noted that at the time of this report La Mancha was in a legal dispute concerning the project | |||
| with its joint venture partner and given the acquisition of a 200000 Oz per annum producing portfolio the project | ||||
| was likely no longer a core asset for La Mancha at that time. Additionally, under the original acquisition agreement | ||||
| La Mancha had to issue additional acquisition shares based on resource targets. | ||||
| The effect of removing the assumptions relating to application of the arbitrary tonnage reduction factors applied | ||||
| increases the overall resource tonnage by in excess of 50%. Removing these correction factors would bring the | ||||
| overall tonnage and grade close the earlier (2003 1999 and 1996) tonnage and grade estimates albeit in different | ||||
| categories (lower confidence) which are considered more appropriate. | ||||
| The mineralisation is defined to the skarn and vein bodies detailed cross section and plan maps were prepared for | ||||
| these bodies with their shapes used in controllingthe resource estimate. |
Challenger Exploration Limited Issued Capital ACN 123 591 382 973.8m shares ASX: CEL 49.6m options 120m perf shares
Australian Registered Office Directors Level 1 Mr Kris Knauer, MD and CEO 1205 Hay Street Mr Scott Funston, Finance Director West Perth WA 6005 Mr Fletcher Quinn , Chairman
Contact
T: +61 8 6380 9235
16m perf rights
www.challengerex.com
| Criteria | JORC Code explanation | JORC Code explanation | Commentary |
|---|---|---|---|
| The structure of the area is complex and a detailed structural interpretation is recommended as this may provide a | |||
| better understanding of the continuity of mineralisation and possible extensions to it. The deposit contains | |||
| bonanza gold values and while very limited twinning has indicated acceptable repeatability a rigorous study of | |||
| grade continuityneeds to be undertaken aspart of future resource calculations. | |||
| Dimensions | - | The extent and variability of the Mineral | For the historic resource no reliable information has been provided to the owner however through further ongoing |
| Resource expressed as length (along strike or | investigation is being conducted by the owner to address this information gap. | ||
| otherwise) plan width and depth below surface | |||
| to the upper and lower limits of the Mineral | |||
| Resource. | |||
| Estimation and | - | The nature and appropriateness of the | The historic resource estimation techniques are considered appropriate. The 2003 and 2006 resources used a |
| modelling | estimation technique(s) applied and key | longitudinal section polygonal method was used for estimating resources with individual blocs representing | |
| techniques | assumptions including treatment of extreme grade values domaining interpolation |
weighted averages of sampled underground and/or areas of diamond drill pierce points with zones of influence halfway to adjacent holes. The area of the block was calculated in AutoCad directly from the longitudinal sections. |
|
| parameters and maximum distance of | |||
| extrapolation from data points. If a computer | Check assaying by PG Consulting returned values in the check assay sample which were 3.4% and 13% greater for | ||
| assisted estimation method was chosen include | Au and Ag than the original assays. A number pf previous resource estimates were available to check the 2006 |
||
| a description of computer software and | resource estimate when the arbitrary tonnage reduction factors are removed brings the overall tonnage and grade | ||
| parameters used. | close the earlier (2003 1999 and 1996) tonnage and grade estimates albeit indifferent categories which are | ||
| - | The availability of check estimates previous | considered more appropriate. | |
| estimates and/or mine production records and | |||
| whether the Mineral Resource estimate takes | It was assumed only gold silver and zinc would be recovered and that no other by products would be recovered. | ||
| appropriate account of such data. | This is viewed as conservative given metallurgical data pointing to the production of a saleable zinc concentrate. | ||
| - | The assumptions made regarding recovery of | ||
| by-products. | Based on the preliminary metallurgy estimation of deleterious elements or other non-grade variables of economic | ||
| - | Estimation of deleterious elements or other | significance was not required. | |
| non-grade variables of economic significance | |||
| (eg sulphur for acid mine drainage | The minimum mining width of 0.8m was assumed for veins less than 0.6m and for wider widths a dilution of 0.2m | ||
| characterisation). | was used to calculate the grade. | ||
| - | In the case of block model interpolation the | ||
| block size in relation to the average sample | No assumptions were made regarding correlation between variables. | ||
| spacing and the search employed. | |||
| - | Any assumptions behind modelling of selective | The mineralisation is defined within skarn and associated vein deposits. Detailed cross section and plan maps were | |
| mining units. | prepared for these domains with their shapes used in controlling the resource estimate. Long sections of the veins | ||
| - | Any assumptions about correlation between | and skarn were taken and sampling was plotted and the blocks outlined considering this. | |
| variables. |
Challenger Exploration Limited Issued Capital Australian Registered Office Directors Contact ACN 123 591 382 973.8m shares Level 1 Mr Kris Knauer, MD and CEO T: +61 8 6380 9235 ASX: CEL 49.6m options 1205 Hay Street Mr Scott Funston, Finance Director E: [email protected] 120m perf shares West Perth WA 6005 Mr Fletcher Quinn , Chairman 16m perf rights
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| Criteria | JORC Code explanation | JORC Code explanation | Commentary | Commentary |
|---|---|---|---|---|
| - | Description of how the geological | Grade cutting was not used in the calculation of the resource and no discussion was given as to why it was not | ||
| interpretation was used to control the resource | employed. It is recommended that a study be undertaken to determine if an appropriate top cut need be applied |
|||
| estimates. | No data | is available on the process of validation. | ||
| - | Discussion of basis for using or not using grade | |||
| cutting or capping. | ||||
| - | The process of validation the checking process | |||
| used the comparison of model data to drill hole | ||||
| data and use of reconciliation data if available | ||||
| Moisture | - | Whether the tonnages are estimated on a dry | No data | is available. |
| basis or with natural moisture and the method | ||||
| of determination of the moisture content. | ||||
| Cut-off | - | The basis of the adopted cut-off grade(s) or | The Mineral Resource Estimate is above a cut-off grade of 3.89 g/t Au. This is based on the assumed mining cost at | |
| parameters | quality parameters applied. | the time of the estimate. | ||
| Mining factors or | - | Assumptions made regarding possible mining | The Mineral Resource Estimate considered the assumptions outlined below which are considered appropriate; | |
| assumptions | methods minimum mining dimensions and | - | Metal prices: Au US$550 Oz Ag US$10 Oz | |
| internal (or if applicable external) mining | - | Metallurgical Recovery; Au – 80% Ag – 70% Zn - nil | ||
| dilution. It is always necessary as part of the | - | Operating cost: US$55t based on underground cut and fill mining and flotation and cyanidation | ||
| process of determining reasonable prospects | combined | |||
| for eventual economic extraction to consider | The minimum mining width of 0.8m was assumed for veins less than 0.6m and for wider widths a dilution of 0.2m | |||
| potential mining methods but the assumptions | was used to calculate the grade. | |||
| made regarding mining methods and | ||||
| parameters when estimating Mineral | ||||
| Resources may not always be rigorous. Where | ||||
| this is the case this should be reported with an | ||||
| explanation of the basis of the mining | ||||
| assumptions made. | ||||
| Metallurgical | - | The basis for assumptions or predictions | Historical metallurgical test-work assumptions were 80% recovery for Au, Ag and Zn. | |
| factors or | regarding metallurgical amenability. It is | - | The most recent historic test work was conducted in 1999 by Lakefield Research (cyanidation) and CIMM | |
| assumptions | always necessary as part of the process of determining reasonable prospects for eventual |
Labs (flotation) in Chile on 4 samples which all contain primary sulphide minerals and so can be considered primary, partial oxide or fracture oxide samples. |
||
| economic extraction to consider potential | - | The test work was conducted using a 150 micron grind which would appear to coarse based on | ||
| metallurgical methods but the assumptions | petrography conducted by CEL which shows that the gold particles average 30-40 microns. | |||
| regarding metallurgical treatment processes | - | Rougher flotation tests were performed with a 20 minute and 30 minute floatation time. Generally, the | ||
| and parameters made when reporting Mineral | longer residence time improved recovery. Recoveries to concentrate for gold range from 59.6% - 80.6% | |||
| Resources may not always be rigorous. Where | and for silver from 63.1% – 87.2%. |
Challenger Exploration Limited Issued Capital Australian Registered Office Directors Contact ACN 123 591 382 973.8m shares Level 1 Mr Kris Knauer, MD and CEO T: +61 8 6380 9235 ASX: CEL 49.6m options 1205 Hay Street Mr Scott Funston, Finance Director E: [email protected] 120m perf shares West Perth WA 6005 Mr Fletcher Quinn , Chairman 16m perf rights
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| Criteria | JORC Code explanation | Commentary | Commentary |
|---|---|---|---|
| this is the case this should be reported with an | - | Knelson concentrate tests with floatation of tailings were also completed. Applying a joint process | |
| explanation of the basis of the metallurgical | Knelson concentrator and floatation of the tailings of the concentrator it is found that the global recovery | ||
| assumptions made. | is approximately 80% for gold. | ||
| - | While the testwork was focused predominantly on gold recovery some rougher flotation testwork was | ||
| undertaken targeting Zn recovery producing up to 85% recoveries. In sulphide samples this produced a | |||
| Zn concentrate containing 42% Zn with grades in excess of 50% Zn in concentrate expected with | |||
| additional floatation stages. | |||
| - | The report concluded that it was possible to produce a commercial Au-Ag concentrate and a Zn | ||
| concentrate. | |||
| - | Extraction of gold and silver by cyanidation was tested on 3/8 and ¾ inch (9.525mm and 19.05mm) crush | ||
| sizes that are designed to test a heap leach processing scenario. Bottle roll of these crush size resulted in | |||
| 41-39% gold recovery and 31-32% silver recovery with high cyanide consumption. No tests have been | |||
| done on material at a finer grind size. | |||
| More recently, CEL has completed initial metallurgical test work on a 147 kg composite sample of mineralised | |||
| limestone drill core from GMDD039, GMDD040, GMDD041, GNDD043, GNDD003 and GNDD018 and a 55 kg | |||
| composite sample of mineralised intrusion (dacite) drill core from GNDD113, GNDD113A, GNDD155 and | |||
| GNDD157. The of skarn mineralisation in limestone that has a weighted average grade of 10.4 g/t Au, 31.7 g/t | |||
| Ag, | 3.2 % Zn, 0.15 % Cu and 0.46 % Pb. The sample of mineralised dacite has a weighted average grade of 1.1 | ||
| g/t | Au, 7.0 g/t Ag and 0.1 % Zn. Separate tests on 2 kg sub-samples were done with differing grinding times, | ||
| Knelson and Mosley table gravity separation techniques and floatation techniques to provide a series of | |||
| gravity and floatation concentrates. Key results are: | |||
| - | Combined gravity and floatation concentration process resulted in recoveries 85-95% for Au, 82-87% for | ||
| silver, and 77-80% for zinc. Cu had similar recoveries to Ag and Pb had similar recoveries to Zn. | |||
| - | A simple gravity separation followed by a sulfide flotation process when re-combined produced a single | ||
| product with a median grade of 47 g/t Au, 120 g/t Ag and 13% Zn with a recovered weight of 24-33% of | |||
| the sample weight. | |||
| - | Tailings fragment analysis indicates a grind of (p80) 72-106m. Generally, a coarser grind resulted in a | ||
| higher % weight recovered to the concentrate with a corresponding lower grade without significantly | |||
| impacting recovery. | |||
| - | QEMSCAN analysis of the sample indicates much of the Zn not recovered is due to the presence of Zn | ||
| oxide (franklinite) and silicates (hemimorphite). | |||
| - | Sulphides present are dominated by pyrite and sphalerite. Also present are chalcopyrite, pyrrhotite, | ||
| chalcocite, bornite and galena. | |||
| - | Further test work isplanned. |
Challenger Exploration Limited ACN 123 591 382 ASX: CEL
Issued Capital
973.8m shares 49.6m options 120m perf shares
Australian Registered Office
Level 1 1205 Hay Street West Perth WA 6005
Directors
Mr Kris Knauer, MD and CEO
Mr Scott Funston, Finance Director Mr Fletcher Quinn , Chairman
Contact
T: +61 8 6380 9235
16m perf rights
www.challengerex.com
| Criteria | JORC Code explanation | JORC Code explanation | Commentary |
|---|---|---|---|
| Environmental | - | Assumptions made regarding possible waste | It is considered that there are no significant environmental factors which would prevent the eventual extraction of |
| factors or | and process residue disposal options. It is | gold from the project. Environmental surveys and assessments will form a part of future pre-feasibility. | |
| assumptions | always necessary as part of the process of determining reasonable prospects for eventual |
||
| economic extraction to consider the potential | |||
| environmental impacts of the mining and | |||
| processing operation. While at this stage the | |||
| determination of potential environmental | |||
| impacts particularly for a greenfields project | |||
| may not always be well advanced the status of | |||
| early consideration of these potential | |||
| environmental impacts should be reported. | |||
| Where these aspects have not been considered | |||
| this should be reported with an explanation of | |||
| the environmental assumptions made. | |||
| Bulk density | - | Whether assumed or determined. If assumed | Densities of 2.7 t/m3 were used for mineralised veins and 2.6 t/m3 for wall rock. |
| the basis for the assumptions. If determined | |||
| the method used whether wet or dry the | No data of how densities were determined is available. | ||
| frequency of the measurements the nature size | |||
| and representativeness of the samples. | The bulk densities used in the evaluation process are viewed as appropriate at this stage of the Project. | ||
| - | The bulk density for bulk material must have | ||
| been measured by methods that adequately | CEL is collecting specific gravity measurements from drill core, which it is expected will be able to be used to | ||
| account for void spaces (vugs porosity etc) | estimate the block and bulk densities in future resource estimates. | ||
| moisture and differences between rock and | For RC drilling, the weights of material recovered from the drill hole is able to be used as a measure of the bulk | ||
| alteration zones within the deposit. | density. | ||
| - | Discuss assumptions for bulk density estimates | ||
| used in the evaluation process of the different | |||
| materials. | |||
| Classification | - | The basis for the classification of the Mineral | The Mineral Resource Estimate has both Indicated and Inferred Mineral Resource classifications under the National |
| Resources into varying confidence categories. | Instrument 43-101 code and is considered foreign. These classifications are considered appropriate given the | ||
| - | Whether appropriate account has been taken | confidence that can be gained from the existing data and results from drilling. | |
| of all relevant factors (ie relative confidence in | |||
| tonnage/grade estimations reliability of input | The reliability of input data for the 2003 and 2006 resources is acceptable as is the confidence in continuity of | ||
| data confidence in continuity of geology and | geology and metal values quality quantity and distribution of the data. Appropriate account has been taken of all | ||
| metal values quality quantity and distribution | relevant factors with the exception of studies into the appropriateness of the application of a top cut. | ||
| _of the data). _ |
Challenger Exploration Limited Issued Capital Australian Registered Office Directors Contact ACN 123 591 382 973.8m shares Level 1 Mr Kris Knauer, MD and CEO T: +61 8 6380 9235 ASX: CEL 49.6m options 1205 Hay Street Mr Scott Funston, Finance Director E: [email protected] 120m perf shares West Perth WA 6005 Mr Fletcher Quinn , Chairman 16m perf rights
www.challengerex.com
| Criteria JORC Code explanation |
Commentary |
|---|---|
| - Whether the result appropriately reflects the Competent Person’s view of the deposit. |
The reported 2006 NI43-101 (non-JORC Code compliant Measured and Indicated) estimate for the Hualilan Project is measured resource of 164294 tonnes averaging 12.6 grams per tonne gold and 52.1 g/t silver and 2.5% zinc plus an indicated resource of 51022 tonnes averaging 12.4 grams per tonne gold and 36.2 g/t silver and 2.6% zinc plus an inferred resource of 213952 tonnes grading 11.7 grams per tonne gold and 46.6 g/t silver and 2.3% zinc. (Source La Mancha resources Toronto Stock Exchange Release April 7 2007 - Interim Financials) – See Table 1. The 2006 estimate did not include the east-west mineralised Magnata Vein despite the known mineralisation in the Magnata Vein being drilled on a 25 x 50-metre spacing. The 2003 NI43-101 (non-JORC Code compliant) estimate attributed approximately half of its measured and indicated tonnage to the Magnata Vein. The 2006 estimate also included arbitrary tonnage reduction factors of 25% for indicated category 50% for inferred category and 75% for potential category. The 2006 estimate also included a significant tonnage of Potential Category Resources which have not been reported. The reported 2003 NI43-101 (non-JORC Code compliant) estimate for the Hualilan project is a measured resource of 299578 tonnes averaging 14.2 grams per tonne gold plus an indicated resource of 145001 tonnes averaging 14.6 grams per tonne gold plus an inferred resource of 976539 tonnes grading 13.4 grams per tonne gold representing some 647809 ounces gold. (Source La Mancha resources Toronto Stock Exchange Release May 14 2003 - Independent Report on Gold Resource Estimate) – See Table 1. The 2003 Mineral Resource classification and results appropriately reflect the Competent Person’s view of the deposit and the current level of risk associated with the project to date. Historic 2003 NI43-101 (non-JORC Code compliant): CATEGORY TONNES Au(g/t) Ag (g/t) Zn% Measured 299,578 14.2 Indicated 145,001 14.6 Inferred 976,539 13.4 Historic 2006 NI43-101 (non-JORC Code compliant) CATEGORY TONNES Au(g/t) Ag (g/t) Zn% |
Challenger Exploration Limited ACN 123 591 382 ASX: CEL
Issued Capital
973.8m shares 49.6m options 120m perf shares
Australian Registered Office Directors Level 1 Mr Kris Knauer, MD and CEO 1205 Hay Street Mr Scott Funston, Finance Director West Perth WA 6005 Mr Fletcher Quinn , Chairman
Contact
T: +61 8 6380 9235 E: [email protected]
16m perf rights
www.challengerex.com
| Criteria | JORC Code explanation | JORC Code explanation | Commentary |
|---|---|---|---|
| Measured 164,294 12.5 52.1 2.5 |
|||
| Indicated 51,022 12.4 36.2 2.6 |
|||
| Inferred 213,952 11.7 46.6 2.3 |
|||
| Audits or reviews | - | The results of any audits or reviews of Mineral | The historic resource estimate has not been audited. |
| Resource estimates. | |||
| The earlier (1996 and 2000) Mineral Resource Estimates were audited and re-stated in a 2003 resource report. This | |||
| independent report was done to NI-43-101 standard and the results of this report were released to the TSX. This | |||
| report concluded that “Detailed resource calculations made bythree differentgroups are seen to be realistic. | |||
| Discussion of | - | Where appropriate a statement of the relative | There is sufficient confidence in the data quality drilling methods and analytical results that they can be relied |
| relative accuracy/ | accuracy and confidence level in the Mineral | upon. The available geology and assay data correlate well. The approach or procedure are deemed appropriate | |
| confidence | Resource estimate using an approach or | given the confidence limits. The main two factors which could affect relative accuracy is grade continuity and top | |
| procedure deemed appropriate by the | cut. | ||
| Competent Person. For example the application | |||
| of statistical or geostatistical procedures to | Grade continuity is variable in nature in this style of deposit and has not been demonstrated to date and closer | ||
| quantify the relative accuracy of the resource | spaced drilling is required to improve the understanding of the grade continuity in both strike and dip directions. It | ||
| within stated confidence limits or if such an | is noted that the results from the twinning of three holes by La Mancha are encouraging in terms of grade | ||
| approach is not deemed appropriate a | repeatability. | ||
| qualitative discussion of the factors that could | |||
| affect the relative accuracy and confidence of | The deposit contains very high grades and there is a potential need for the use of a top cut. It is noted that an | ||
| the estimate. | arbitrary grade reduction factor of 10% has already been applied to the resource as reported. | ||
| - | The statement should specify whether it relates | ||
| to global or local estimates and if local state | No production data is available for comparison | ||
| the relevant tonnages which should be relevant | |||
| to technical and economic evaluation. | |||
| Documentation should include assumptions | |||
| made and the procedures used. | |||
| - | These statements of relative accuracy and | ||
| confidence of the estimate should be compared | |||
| withproduction data where available. |
Challenger Exploration Limited
ASX: CEL
Issued Capital
973.8m shares
49.6m options
120m perf shares
Australian Registered Office
Level 1
1205 Hay Street
West Perth WA 6005
Directors
Mr Kris Knauer, MD and CEO
Mr Scott Funston, Finance Director Mr Fletcher Quinn , Chairman
Contact
T: +61 8 6380 9235
16m perf rights
ACN 123 591 382
www.challengerex.com