Hot Chili Limited ( (HHLKF) ) has released its Q2 earnings. Here is a breakdown of the information Hot Chili Limited presented to its investors.
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Hot Chili Limited, a mineral exploration company primarily focused on copper-gold projects in Chile, has reported significant developments in its latest half-yearly report. The company has confirmed a major copper-gold porphyry discovery at the La Verde site, which has been added to its Costa Fuego coastal copper hub. The pre-feasibility study for Costa Fuego is in its final stages, with significant advancements in metallurgy, mining, infrastructure, and environmental planning. Additionally, the Huasco Water supply pre-feasibility study is nearing completion, offering potential outsourcing opportunities for water infrastructure. Despite a reported loss of $6.5 million for the half-year, the company maintains a cash position of A$19 million. Looking forward, Hot Chili Limited is focused on further exploration and development of its copper-gold projects, with ongoing discussions for potential partnerships and financing opportunities.