Congratulations to Challenger Gold (ASX: CEL) on its A$34.5m Institutional Placement.

Challenger attracted strong support from leading institutional investors, including L1 Capital and Helikon Investments, alongside continued support from the Elsztain Group.

The Placement strategically positions Challenger to drive momentum at its high-grade Hualilan Gold Project in Argentina and to accelerate further studies and drilling for an expanded standalone Life of Mine development.

Sternship Advisers is pleased to have acted as Joint Lead Manager for the Placement. Congratulations to Managing Director Kris Knauer and the Challenger team as they look to become one of the ASX’s next gold producers.