Challenger Gold's ESG Credentials and Scoping Study Results

Challenger Gold Limited (ASX: $CEL) has reported the independent carbon modelling results of the Hualilan Scoping Study, demonstrating its position as the lowest carbon intensity gold mine listed on the ASX. The study forecasts a rapid payback period, average annual production of 116,000 OZ gold, and a Life of Mine EBITDA of A$1.1 billion at US$1,750/oz. The company is currently completing a Pre-Feasibility Study for Hualilan, which is expected to further enhance the already attractive Scoping Study outcome.

Executive Commentary on Carbon Modelling Results

Managing Director, Kris Knauer, expressed satisfaction with the independent carbon modelling results, stating, 'This carbon emissions modelling shows that Hualilan will be the lowest Greenhouse Gas emitter of all ASX listed gold operations per ounce or production. This extremely low emissions intensity per ounce is a combination of several factors, including the high-grade nature of Hualilan, excellent mining conditions, simple metallurgy of the project, and our ability to source inexpensive 100% renewable power for the project.' He also highlighted the certification of the company's operations in Argentina as carbon neutral for 2024.

Summary of Carbon Modelling and Outlook

The carbon modelling of the Hualilan Scoping Study has positioned Challenger Gold as a leader in ESG credentials, showcasing the lowest carbon intensity among ASX gold mines. With a rapid payback period, low All in Sustaining Cost (AISC) of US$830/oz (A$1277), and forecast EBITDA of US$738m (A$1.1 billion) over the Life of Mine, the company's outlook appears promising. Additionally, the certification of operations in Argentina as carbon neutral further underlines the company's commitment to sustainability. The use of traditional open pit and underground mining, coupled with the potential for further emissions reduction, sets a positive trajectory for Challenger Gold's corporate strategy and environmental impact.