#MiningDevelopment

[colitco]

📢 CHALLENGER DRAWS DOWN FIRST US$2M UNDER US$20M PROJECT FINANCE FACILITY 💰⛏️

Challenger Gold Limited (ASX: CEL) has successfully drawn down an initial US$2M (~AUD $3.2M) from its US$20M Project Finance Facility, arranged by Middlegate Securities Inc. and ECM Capital Advisors Inc.. The funds will support early mining preparation, general corporate overheads, and working capital.

🔍 Project Finance Snapshot:

✅ Tranche 1 Loan: US$2M ✅ Interest Rate: 8.5% (if repaid before Dec 7, 2025) | 12.75% (after) ✅ Repayment: One bullet payment from first Toll Milling cash flow ✅ Collateral: Unsecured ✅ Fees: 4% of gross proceeds to Advisory Team

📍 Investor Outlook:

Challenger Gold (ASX: CEL) is progressing toward cash-generating Toll Milling operations. The drawdown supports key development activities, positioning CEL for future growth in the gold sector.

📈 ASX: CEL is currently trading at $0.061, reflecting growing investor interest in the Company’s strategic advancements.

📍 Read more: https://colitco.com/challenger-gold-2m-drawdown-toll-milling/

⚠️ This is not investment advice. Please do your own research before making any investment decisions.

[colitco]

📢 CHALLENGER DRAWS DOWN FIRST US$2M UNDER US$20M PROJECT FINANCE FACILITY 💰⛏

Challenger Gold Limited (ASX: CEL) has successfully drawn down an initial US$2M (~AUD $3.2M) from its US$20M Project Finance Facility, arranged by Middlegate Securities Inc. and ECM Capital Advisors Inc.. The funds will support early mining preparation, general corporate overheads, and working capital.

🔍 Project Finance Snapshot: ✅ Tranche 1 Loan: US$2M ✅ Interest Rate: 8.5% (if repaid before Dec 7, 2025) | 12.75% (after) ✅ Repayment: One bullet payment from first Toll Milling cash flow ✅ Collateral: Unsecured ✅ Fees: 4% of gross proceeds to Advisory Team

📍 Investor Outlook: Challenger Gold (ASX: CEL) is progressing toward cash-generating Toll Milling operations. The drawdown supports key development activities, positioning CEL for future growth in the gold sector.

📈 ASX: CEL is currently trading at $0.061, reflecting growing investor interest in the Company’s strategic advancements.

📍 Read more: https://colitco.com/challenger-gold-accelerates-towards-high-grade-production-with-toll-milling-start/

⚠ This is not investment advice. Please do your own research before making any investment decisions.

[colitco]

📢 ST GEORGE MINING LTD Powers Ahead with Transformational Growth & Global Partnerships ⚒🌍

St George Mining Ltd (ASX: SGQ) has delivered a transformational half-year, marked by the strategic acquisition of the world-class Araxá Niobium-REE Project in Brazil, major capital raisings, and global development partnerships — paving the way for a new era of growth and value creation.

🔍 Principal Activities:

Focused on mineral exploration and development, with a strengthened focus on critical minerals including niobium, REEs, lithium, and gold.

📌 Review of Operations Highlights:

• 🌎 Araxá Niobium-REE Project acquisition completed (Feb 2025) — adjacent to CBMM, the world’s largest niobium operation

• 💸 $20M capital raising completed to fund acquisition and 2025 work program

• 🛠 Drilling program (5,000m) commencing March 2025, with maiden JORC Resource to follow

• ⚗ Metallurgical testing and feasibility studies underway

• 🤝 MoUs secured with:

  ✔ Xinhai Mining (EPC + A$8M equity investment)

  ✔ SKI Hong Kong & Fangda Group (offtake & development)

  ✔ State of Minas Gerais Government (development facilitation)

• 👥 Appointed elite Brazil-based niobium team incl. former CBMM executives & ex-Mines Minister Adolfo Sachsida (Advisor)

💼 Lithium Star JV & Mt Alexander Gold Exploration:

• ✅ Progress at Myuna Rocks, Bunningonia, Lindville & Split Rocks

• ✅ Gold pathfinder anomalies identified at Mt Alexander; further sampling and drilling planned

💰 Capital Raisings (H1 FY2025):

• Aug 2024: $2.5M placement

•  Dec 2024: $3M placement + options

•  Jan 2025: $20M placement to fund Araxá acquisition and workstreams

📈 “St George is transitioning into a global niobium-REE developer with strategic partnerships, a world-class project pipeline, and a clear vision to deliver shareholder value,” said Executive Chairman John Prineas.

📍Read More: https://www.stgm.com.au/pdf/e9c303d4-cfee-465c-bd2b-1566c41b5ce5/Half-Yearly-Report.pdf

⚠ This update is based on the official Interim Financial Report. Not investment advice—please do your own research.

#StGeorgeMining #ASXSGQ #InterimReport #Niobium #RareEarths #AraxáProject #CriticalMinerals #BrazilMining #LithiumExploration #GoldExploration #GlobalPartnerships #MiningNews #JuniorMiners #CleanEnergyMetals #Metallurgy #JORCResource #ExplorationUpdate #ASXUpdate #InvestorInsights #MiningDevelopment #StrategicGrowth