Challenger Gold (ASX:CEL) has secured environmental approval for its Hualilán Gold Project in the San Juan Province of Argentina – the first gold project in the region to receive approval in 17 years.
Challenger, which has a market capitalisation of $94.25 million, can now proceed with mine construction and development activities.
Executive Director Sonia Delgado says the approval establishes a new standard in mining, combining economic development with environmental protection and social benefit for San Juan.
“Challenger chose San Juan not by chance, but by conviction — a province that offers not only legal security and institutional support but possesses exceptional human capital and over a century of mining tradition,” Delgado says.
“The approval process was led by local professionals, demonstrating that San Juan’s talent meets the highest international standards. We will be an example of modern mining, with 71 specific environmental commitments that we view as our promise to the people of San Juan who have seen us grow.”
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(Challenger Gold is a spotlight sponsor at Asia Gold Conference 2024. Register here for this event to meet them in person in Singapore.)
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