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The S&P/ASX200 opened lower following the Wall Street which closed in red overnight.  The S&P/ASX200 index was down by 85.50 points to 7087.30 at 12:11 pm AEST after closing at a new 100-day high yesterday.  Moving on.

Challenger expands ground position surrounding Hualilan and raises AUD 42.1 million   Challenger Exploration Limited (ASX:CEL) has extended the land position four-fold to around 80 km2 at its flagship Hualilan Gold Project in San Juan. Challenger Exploration has acknowledged the receipt of a formal notification of the direct award of the 20.6 km2 Ayen Exploration Licence surrounding the present Hualilan Mining Licenses including the Hualilan Gold Project. Besides this, Challenger Exploration has also received firm commitments for an AUD 42.1 million under a placement that was strongly supported by domestic and global institutions. 

Blaze International Limited (ASX:BLZ) has inked separate and unrelated conditional share sale agreements for the acquisition of Hammerhead Exploration Pty Ltd and Iconic Minerals Pty Ltd. Blaze International has carefully and geologically targeted the tenements that are subject to acquisition by Blaze International and lie on the highly prospective units within the Earaheedy Basin.  

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