CEL 0.00% 5.4¢ challenger gold limited

Ann: Hualilan Maiden Resource Investor Presentation - Updated, page-11

  1. 392 Posts.
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    while exploring on the share of the pie
    considering this:

    a. balance options shares to be exercised at 4c
    b. Performance shares awards (refer Appendix 2 - of CEL announcement on 29 April 2022)
    • Class A performance shares - 60m on MRE of "a minimum 500,000 ounces of gold (AU) or gold equivalent ...... "
    • Class B performance shares - 60m on "completion and announcement ....... provided that the total cumulative EBITDA over the project life is US50m"

    KPIs, for the growth in the pie.
 
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