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Challenger Gold Reports Encouraging Results from Hualilan Exploration

Jane Morgan Management

30 September 2025 – Perth, Australia

Challenger Gold Provides Exploration Update

Challenger Gold Limited (ASX:CEL) (“Challenger” or “the Company”) is pleased to provide an update on its recent exploration activities at the Hualilan Gold Project in San Juan, Argentina. The Company has advanced exploration programs that continue to demonstrate the strong prospectivity of its tenement portfolio.

Recent work programs have returned encouraging geological results, which strengthen the Company’s confidence in the potential scale and quality of mineralisation across its projects. These outcomes further support Challenger’s strategic focus on systematic exploration to unlock shareholder value.

“We are excited by the results to date which continue to support our growth strategy at Hualilan. The geological team has done an excellent job in progressing the project and setting us up for the next phase of drilling.” – Managing Director, Kris Knauer

The Company confirms that data collected will be used to refine exploration targets, with drilling preparation already underway. Challenger remains committed to progressing its projects responsibly and efficiently, with the objective of advancing towards resource development.

Next Steps

  • Completion of geophysical and geological interpretations to define drill targets.

  • Preparations for upcoming drilling campaigns.

  • Ongoing stakeholder engagement and regulatory liaison.

Challenger will provide further updates to the market as exploration progresses and additional results are available.


About us:

About Challenger Gold Limited

Challenger Gold Limited (ASX: CEL) is an Australian gold and copper explorer with two flagship projects in South America. The Company’s Hualilan Gold Project in San Juan, Argentina, hosts a high-grade, partially drilled gold resource and is the focus of an aggressive exploration program aimed at rapidly growing the resource base. In addition, Challenger holds the El Guayabo Copper-Gold Project in Ecuador, a large-scale porphyry target with significant potential.


Contact details:

Media Enquiries

Jane Morgan

+61 405 555 618 [email protected]

Kris Knauer

Managing Director & CEO

+61 411 885 979

[email protected]

Attachments

6A1286913_CEL.pdf

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