Hot Chili Limited (AU:HCH) has released an update.
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Hot Chili Limited has announced a significant funding injection of A$31.9 million to expedite the development of its Costa Fuego Copper Hub, which includes the completion of several critical studies and the establishment of a new water company, Huasco Water, in partnership with Compania Minera del Pacifico. The funds are allocated to complete the Pre-Feasibility Study for the copper-gold project and initiate a bankable feasibility study, among other exploration activities. Additionally, the new water company aims to capitalize on first-mover advantage by supplying sea and desalinated water to the Huasco Valley region in Chile.
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